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HF Sinclair DINO Refining — Inventory Valuation Reserves

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$64M-14.7%

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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:InventoryValuationReserves.

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
Line itemJune 30, 2026December 31, 2025
Crude oil$759$874
Other raw materials and unfinished products (1)875709
Finished products (2)1,3471,337
Lower of cost or market reserve(64)(706)
Crude oil and refined products2,9172,214
Process chemicals (3)5554
Repair and maintenance supplies and other (4)304305
Materials, supplies and other359359

Item 1. Financial Statements

FAQ

What is HF Sinclair's refining — inventory valuation reserves?
HF Sinclair (DINO) reported refining — inventory valuation reserves of $0 in Q2 2026.
How has HF Sinclair's refining — inventory valuation reserves changed year-over-year?
HF Sinclair's refining — inventory valuation reserves decreased by 100.0% year-over-year, from $245M to $0.
What does refining — inventory valuation reserves mean?
Represents the cumulative accounting adjustments made to align the carrying value of refinery inventory with current market conditions. This reserve accounts for potential declines in the value of crude oil and refined product stocks held by the refining segment. It reflects management's assessment of market price volatility and the recoverability of inventory costs.

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