What is HF Sinclair's midstream — cost, direct material?

HF Sinclair (DINO) reported midstream — cost, direct material of $0 in Q2 2026.

What does midstream — cost, direct material mean?

This represents the direct costs associated with materials consumed or utilized in the midstream segment's operations. It captures the variable expenses tied to the physical movement or processing of products through the pipeline network. Monitoring this helps assess the direct cost efficiency of the segment's operational activities.

HF Sinclair (DINO) Midstream — Cost, Direct Material

Screener

Other segment segments

Refining

$7.65B+51.6%

Marketing

$1.33B+68.2%

Lubricants & Specialties

$674M+38.7%

Renewables

$339M+42.4%

Similar metrics at other companies

UTZReportable Segment — Cost, Direct Material

$149.9M-5.1%

HWK

HWKNIndustrial Solutions — Cost, Direct Material

$47.86M+11.7%

HWK

HWKNWater Treatment — Cost, Direct Material

$94.48M+6.0%

UFPTReportable Segment — Cost, Direct Material

$68.35M+9.3%

HALCompletion And Production — Cost, Direct Material

$1.37B+4.0%

HALDrilling And Evaluation — Cost, Direct Material

$1.03B+11.5%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$1.5B+157%

CapEx$118.0M+6.3%

Free cash flow$1.4B+192%

Valuation

See full

Market cap$14.75B+81.9%

Enterprise value$15.73B+51.5%

P/E7.6×—

P/S0.5×+0.3×

Profitability

See full

Gross margin12.9%+10.1pp

Operating margin8.3%—

Net margin6.2%—

FCF margin3.6%-4.3pp

Returns & leverage

See full

Return on equity19.9%—

Debt / equity0.3×0.0×

Current ratio2×+0.2×

Where this comes from

Reported directly by HF Sinclair in its filing.

Tagged under the XBRL concept us-gaap:CostDirectMaterial.

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, 2026	Refining / Three Months Ended June 30, 2026	Renewables / Three Months Ended June 30, 2026	Marketing	Lubricants & Specialties	Midstream	Corporate, Other and Eliminations	Consolidated Total
Intersegment revenues and other (1)	1,481	243	—	1	135	(1,860)	—
	9,228	486	1,370	999	167	(1,860)	10,390
Cost of sales: (2)
Cost of materials and other (3)	7,649	339	1,332	674	—	(1,861)	8,133
Lower of cost or market inventory valuation adjustments	—	30	—	—	—	—	30
Operating expenses	491	23	—	78	60	2	654
	8,140	392	1,332	752	60	(1,859)	8,817
Selling, general and administrative expenses (2)	65	1	10	41	2	11	130

Item 1. Financial Statements

FAQ

What is HF Sinclair's midstream — cost, direct material?: HF Sinclair (DINO) reported midstream — cost, direct material of $0 in Q2 2026.
What does midstream — cost, direct material mean?: This represents the direct costs associated with materials consumed or utilized in the midstream segment's operations. It captures the variable expenses tied to the physical movement or processing of products through the pipeline network. Monitoring this helps assess the direct cost efficiency of the segment's operational activities.