HF Sinclair Reports $212M Privately Negotiated Share Repurchase

What Happened
HF Sinclair Corporation announced it entered into a Stock Purchase Agreement dated August 2, 2026 to repurchase 2,375,000 shares of its common stock from REH Advisors Inc. at $89.41 per share, for an aggregate purchase price of approximately $212 million. The transaction is expected to be completed on or around August 5, 2026 and will be funded with cash on hand; the repurchased shares will be held as treasury stock.

Key Details

• Repurchase agreement date: August 2, 2026; expected close on or about August 5, 2026.
• Shares: 2,375,000 common shares at $89.41 per share; aggregate ~ $212 million.
• Funding and treatment: Funded with cash on hand; shares to be held as treasury stock.
• Share repurchase program: Board increased the previously authorized $1.0 billion program by $15 million (effective July 31, 2026). Including this transaction, the company has repurchased over $1.0 billion and has ~ $11 million remaining authorization.
• Relationship note: This is the 22nd privately negotiated repurchase between HF Sinclair and the selling stockholder (REH).

Why It Matters
This repurchase reduces outstanding shares and increases treasury stock, which can support earnings per share and return capital to shareholders. The transaction uses cash on hand and consumes most of the recently expanded repurchase authorization (leaving roughly $11M available), so future buybacks will depend on cash, market conditions and board decisions. Investors should note the transaction is a continuation of a series of negotiated buybacks with REH Advisors and was disclosed in the company’s Form 8‑K filed August 4, 2026.