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HF Sinclair DINO Midstream — CapEx

Other segment segments

Refining
$69M-2.8%
Marketing
$25M+127%
Lubricants & Specialties
$7M-36.4%
Renewables
$1M

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Other financials

Income statement

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Revenue$10.4B+53.2%
Gross profit$1.6B+152%
Operating income$1.2B+325%
Net income$892.0M+329%
EPS (diluted)$4.93+348%

Balance sheet

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Cash & equivalents$2.3B+159%
Total debt$3.2B+3.0%
Total equity$10.3B+10.8%
Total assets$19.0B+12.8%

Cash flow

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Operating cash flow$1.5B+157%
CapEx$118.0M+6.3%
Free cash flow$1.4B+192%

Valuation

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Market cap$14.75B+81.9%
Enterprise value$15.73B+51.5%
P/E7.6×
P/S0.5×+0.3×

Profitability

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Gross margin12.9%+10.1pp
Operating margin8.3%
Net margin6.2%
FCF margin3.6%-4.3pp

Returns & leverage

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Return on equity19.9%
Debt / equity0.3×0.0×
Current ratio+0.2×

Where this comes from

Reported directly by HF Sinclair in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The source filing: HF Sinclair’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 8:31 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001915657-26-000057
Three Months Ended June 30, 2026Refining / Three Months Ended June 30, 2026Renewables / Three Months Ended June 30, 2026MarketingLubricants & SpecialtiesMidstreamCorporate, Other and EliminationsConsolidated Total
Interest expense(20)
Other income, net3
Income before income taxes$1,172
Capital expenditures$69$1$25$7$11$5$118
Three Months Ended June 30, 2025
Sales and other revenues:
Revenues from external customers$5,158$131$826$641$28$6,784
Intersegment revenues and other (1)8611274129(1,121)

Item 1. Financial Statements

FAQ

What is HF Sinclair's midstream — capex?
HF Sinclair (DINO) reported midstream — capex of $11M in Q2 2026.
How has HF Sinclair's midstream — capex changed year-over-year?
HF Sinclair's midstream — capex decreased by 8.3% year-over-year, from $12M to $11M.
What is the long-term trend for HF Sinclair's midstream — capex?
Over 4 years (2021 to 2025), HF Sinclair's midstream — capex has grown at a -15.9% compound annual growth rate (CAGR), from $86.1M to $43M.
What does midstream — capex mean?
This represents the funds used by the midstream segment to acquire, upgrade, or maintain physical assets such as pipelines, terminals, and storage facilities. It is a key indicator of the company's commitment to growth, maintenance, and regulatory compliance. High levels of capital expenditure suggest ongoing investment in the segment's long-term capacity.

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