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HF Sinclair DINO Midstream — CapEx

Other segment segments

Refining
$64M+10.3%
Marketing
$18M+200%
Lubricants & Specialties
$6M-40.0%
Renewables
$1M0.0%

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DTMPipeline — CapEx
$34M+41.7%

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

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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:SegmentExpenditureAdditionToLongLivedAssets.

The official record: HF Sinclair’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HF Sinclair's midstream — capex?
HF Sinclair (DINO) reported midstream — capex of $12M in Q1 2026.
How has HF Sinclair's midstream — capex changed year-over-year?
HF Sinclair's midstream — capex increased by 33.3% year-over-year, from $9M to $12M.
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?
Money spent to buy or improve long-term assets like pipelines and terminals.
How do you interpret midstream — capex?
Higher spending indicates growth investment or necessary maintenance, while lower spending may indicate a focus on cash preservation.
How does midstream — capex compare across companies?
Standard capital investment metric for infrastructure and industrial companies.