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HF Sinclair DINO Refining — Operating Income (Loss)

Other segment segments

Lubricants & Specialties
$181M+484%
Midstream
$87M-4.4%
Renewables
$30M+850%
Marketing
$20M+11.1%

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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:OperatingIncomeLoss.

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
Selling, general and administrative expenses (2)6511041211130
Depreciation and amortization146168251815228
Other operating expenses, net4747
Income (loss) from operations$877$30$20$181$87$(27)$1,168
Earnings of equity method investments6
Interest income15
Interest expense(20)
Other income, net3

Item 1. Financial Statements

FAQ

What is HF Sinclair's refining — operating income (loss)?
HF Sinclair (DINO) reported refining — operating income (loss) of $877M in Q2 2026.
How has HF Sinclair's refining — operating income (loss) changed year-over-year?
HF Sinclair's refining — operating income (loss) increased by 428.3% year-over-year, from $166M to $877M.
What is the long-term trend for HF Sinclair's refining — operating income (loss)?
Over 4 years (2021 to 2025), HF Sinclair's refining — operating income (loss) has grown at a 4.4% compound annual growth rate (CAGR), from $514.98M to $612M.
What does refining — operating income (loss) mean?
The profit or loss generated by the refining segment after deducting all operating costs, including raw materials, operating expenses, and depreciation. This is the primary measure of the segment's core business performance. It excludes interest, taxes, and non-operating items.

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