HF Sinclair has agreed to buy back 2.1 million of its common shares from REH Advisors Inc. in a privately negotiated transaction worth about $233 million. The repurchase is expected to close around Nov. 6 and will be funded with cash on hand.
The deal is part of the company’s existing $1.5 billion share repurchase program, not a new authorization. The shares will be held as treasury stock.
Key details
- HF Sinclair will pay $110.81 per share, for a total purchase price of approximately $233 million.
- The seller, REH Advisors, is the parent company of REH Company, formerly known as The Sinclair Companies.
- This is the 24th privately negotiated share repurchase between HF Sinclair and REH.
- The board authorized the $1.5 billion repurchase program on Aug. 26, 2026. Including this transaction, HF Sinclair says it has repurchased about $1 billion of stock under the program, with approximately $493 million of authorization remaining.
- Future repurchases, including any further purchases from REH, will depend on market conditions and other corporate, tax and regulatory considerations. The board can discontinue the program at any time.
What changes
The transaction uses company cash to retire shares from circulation by holding them as treasury stock. It reduces the cash available for other uses and lowers the number of shares outstanding; it does not add debt or expand the existing buyback authorization.