HF Sinclair’s REH Share Purchase Takes Buybacks To $1 Billion Under Current Program
The company plans to use existing cash for the purchase, leaving approximately $493 million of buyback authorization.
HF Sinclair, which makes and sells gasoline, diesel, jet fuel and specialty products, agreed to buy back approximately $233 million of shares from REH Advisors, taking repurchases under its current program to $1 billion, including the pending purchase. The deal was signed Tuesday, according to an SEC filing made Thursday.
Cash For 2,100,000 Shares
REH Advisors will receive $110.81 per share for 2,100,000 shares in the privately negotiated purchase. The agreement sets the total payment at $232,701,000.
HF Sinclair plans to pay from cash it already holds. The purchased shares will become treasury stock — shares held by the company rather than remaining outstanding in investors’ hands.
REH Advisors is the parent of REH Company, formerly called The Sinclair Companies. The deal is HF Sinclair’s twenty-fourth privately negotiated purchase from the selling shareholder, making it another transaction in an established repurchase relationship.
HF Sinclair’s audit committee approved the transaction under the company’s related-party policy.
Approximately $493 Million Still Authorized
The purchase uses part of the $1.5 billion program approved by the board on August 26, 2026. Including the agreed REH purchase, the company puts remaining authorization at approximately $493 million.
That authorization allows additional purchases, including more shares from REH. Their timing and size depend on market conditions and corporate, tax, regulatory and other considerations; the board can end the program at any time.
Refining Anchors A Broader Energy Business
HF Sinclair’s operations span refining, renewables, marketing, lubricants and specialties, and midstream. Its midstream business collects fees for transporting and storing crude oil and petroleum products.
As of December 31, 2025, the company owned seven refineries with combined crude-processing capacity of 678,000 barrels per stream day and employed 5,165 people. Customers include refiners, convenience-store and truck-stop chains, railroads and airlines.
Its marketing business supplies more than 1,700 branded U.S. sites, while Petro-Canada Lubricants products reach markets in over 80 countries.
HF Sinclair expects the share purchase to be completed on or around Friday.
Sources
- 8-K Filing — HF Sinclair Corp (DINO) — SEC EDGAR
- Exhibit dino-stockrepurchaseagreem.htm — HF Sinclair Corp 8-K exhibit — SEC EDGAR
