Net income attributable to HF Sinclair stockholders was $579 million for the year ended December 31, 2025, a substantial increase from $177 million in 2024. Adjusted refinery gross margin per produced barrel sold increased 47% to $15.37 in 2025 from $10.43 in 2024, primarily due to lower crude oil and feedstock prices and the grant of small refinery RINs waivers. Small refinery RINs waivers increased adjusted refinery gross margins by $485 million in 2025. Sales and other revenues decreased 6% from $28,580 million in 2024 to $26,869 million in 2025, mainly due to decreased refined product sales prices. Cost of materials and other, exclusive of Lower of cost or market inventory valuation adjustments, decreased 11% to $21,760 million in 2025, driven by lower crude oil and feedstock prices. A Lower of cost or market inventory valuation adjustment charge of $417 million was recorded in 2025, contrasting with a $43 million benefit in 2024. Operating expenses decreased 4% to $2,391 million in 2025, primarily due to lower maintenance and regulatory costs, partially offset by higher natural gas costs. Net cash provided by operating activities increased by $205 million to $1,315 million in 2025. EBITDA for 2025 was $1,809 million, up from $1,133 million in 2024. A $1.0 billion share repurchase program was approved in May 2024, with $340 million (6,908,293 shares) repurchased in 2025, leaving $459 million available. A regular quarterly dividend of $0.50 per share was declared on February 18, 2026, payable on March 12, 2026. The CEO, Tim Go, and CFO, Atanas Atanasov, took voluntary leaves of absence in February 2026, leading to the appointment of Franklin Myers as temporary CEO and Vivek Garg as acting CFO.