What is HF Sinclair's midstream — asset impairments?

HF Sinclair (DINO) reported midstream — asset impairments of $10M in Q3 2024.

What does midstream — asset impairments mean?

The cost of writing down the value of midstream assets due to declining utility or market value.

How do you interpret midstream — asset impairments?

High impairment charges signal that assets are underperforming or that market conditions have negatively impacted the value of infrastructure investments.

How does midstream — asset impairments compare across companies?

Standard non-cash charge reported by energy companies during periods of asset devaluation or strategic shifts.

HF Sinclair DINO Midstream — Asset impairments

Discontinued — last reported Q3 '24

Similar metrics at other companies

OXYMidstream and marketing — Asset impairments and other charges

$105M—

ARAntero Midstream — Impairment Of Long Lived Assets Held For Use

$1.38M-99.0%

CNP

CNPMidstream Investments — D&A

$0—

AMWater Handling — Impairment Of Long Lived Assets Held For Use

$167K—

APAAltus Midstream — Impairments

$0—

ARAntero Midstream — Asset Impairment Charges

$6.98M—

Other financials

Income statement

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Revenue$7.1B+11.8%

Gross profit$1.2B+187%

Operating income$847.0M+946%

Net income$648.0M+16,300%

EPS (diluted)$3.56+17,900%

Balance sheet

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Cash & equivalents$1.1B+110%

Total debt$3.3B+4.1%

Total equity$9.7B+5.2%

Total assets$18.2B+9.9%

Cash flow

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Operating cash flow$457.0M+613%

CapEx$102.0M+18.6%

Free cash flow$355.0M+303%

Valuation

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Market cap$11.63B+81.6%

Enterprise value$13.73B+52.2%

P/E9.2×—

P/S0.4×+0.3×

Profitability

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Gross margin11.1%+8.6pp

Operating margin6.1%—

Net margin4.6%—

FCF margin3.6%-4.2pp

Returns & leverage

See full

Return on equity13.4%—

Debt / equity0.3×0.0×

Current ratio1.8×-0.1×

Where this comes from

Reported directly by HF Sinclair in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: HF Sinclair’s 10-Q, filed October 30, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is HF Sinclair's midstream — asset impairments?: HF Sinclair (DINO) reported midstream — asset impairments of $10M in Q3 2024.
What does midstream — asset impairments mean?: The cost of writing down the value of midstream assets due to declining utility or market value.
How do you interpret midstream — asset impairments?: High impairment charges signal that assets are underperforming or that market conditions have negatively impacted the value of infrastructure investments.
How does midstream — asset impairments compare across companies?: Standard non-cash charge reported by energy companies during periods of asset devaluation or strategic shifts.