HF Sinclair DINO Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Sales and other revenues (Note 3) by Business | ||||||
| Lubricants & Specialties | $2.54B+0.6% | $2.53B-1.1% | $2.56B-1.2% | $2.59B-3.2% | $2.67B-1.5% | |
| Marketing | $3.25B+3.4% | $3.14B-0.9% | $3.17B-1.6% | $3.22B-3.5% | $3.34B-2.6% | |
| Midstream | $653M+1.6% | $643M+0.5% | $640M-0.6% | $644M-0.2% | $645M+0.2% | |
| Refining | $24.44B+2.6% | $23.82B-0.3% | $23.89B+0.3% | $23.83B-3.9% | $24.79B-2.2% | |
| Renewables | $1.14B+14.5% | $991M+2.9% | $963M+1.3% | $951M+1.1% | $941M-4.9% | |
| Operating Income (Loss) by Business | ||||||
| Lubricants & Specialties | $166M+0.6% | $165M-14.1% | $192M-2.0% | $196M-18.0% | $239M-0.8% | |
| Marketing | $73M0.0% | $73M0.0% | $73M+7.4% | $68M+15.3% | $59M+22.9% | |
| Midstream | $359M-1.1% | $363M+0.6% | $361M+4.9% | $344M+0.3% | $343M+1.5% | |
| Refining | $1.16B+88.9% | $612M+119% | $280M+169% | -$408M+19.8% | -$509M-205% | |
| Renewables | $88M+166% | -$133M-19.8% | -$111M-40.5% | -$79M+12.2% | -$90M0.0% | |
| Selling, general and administrative expenses by Business | ||||||
| Lubricants & Specialties | $164M+3.8% | $158M+3.3% | $153M-1.3% | $155M+2.6% | $151M+1.3% | |
| Marketing | $41M+2.5% | $40M+11.1% | $36M0.0% | $36M+2.9% | $35M-2.8% | |
| Midstream | $7M0.0% | $7M0.0% | $7M-22.2% | $9M0.0% | $9M-18.2% | |
| Refining | $222M+1.4% | $219M-2.2% | $224M-0.9% | $226M+0.4% | $225M+2.7% | |
| Renewables | $4M0.0% | $4M+33.3% | $3M-25.0% | $4M-20.0% | $5M0.0% | |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization by Business | ||||||
| Lubricants & Specialties | $2.12B+0.3% | $2.11B-0.3% | $2.12B-1.4% | $2.15B-2.1% | $2.19B-1.8% | |
| Marketing | $3.1B+3.5% | $3B-1.1% | $3.03B-1.9% | $3.09B-4.0% | $3.22B-3.0% | |
| Midstream | $212M+6.5% | $199M0.0% | $199M-4.3% | $208M-2.8% | $214M0.0% | |
| Refining | $22.55B+0.3% | $22.48B-1.5% | $22.82B-2.7% | $23.46B-4.4% | $24.55B-1.0% | |
| Renewables | $954M-7.1% | $1.03B+4.5% | $983M+4.7% | $939M-0.6% | $945M-5.2% | |
| Cost, Direct Material by Business | ||||||
| Lubricants & Specialties | $1.84B-0.2% | $1.84B-0.8% | $1.85B-2.1% | $1.89B-2.3% | $1.94B-2.0% | |
| Marketing | $3.1B+3.5% | $3B-1.1% | $3.03B-1.9% | $3.09B-4.0% | $3.22B-3.0% | |
| Midstream | $0— | $0— | $0— | $0— | $0— | |
| Refining | $20.8B+2.7% | $20.24B-3.0% | $20.87B-2.1% | $21.33B-5.5% | $22.57B-1.5% | |
| Renewables | $930M-0.5% | $935M+2.7% | $910M+3.4% | $880M+2.1% | $862M-5.2% | |
| Operating expenses by Business | ||||||
| Lubricants & Specialties | $281M+3.7% | $271M+3.0% | $263M+4.0% | $253M-0.4% | $254M0.0% | |
| Marketing | $0— | $0— | $0— | $0— | $0— | |
| Midstream | $212M+6.5% | $199M0.0% | $199M-4.3% | $208M-2.8% | $214M0.0% | |
| Refining | $1.83B+0.4% | $1.83B-1.6% | $1.85B-2.0% | $1.89B-0.4% | $1.9B-0.6% | |
| Renewables | $89M-1.1% | $90M-1.1% | $91M-3.2% | $94M-3.1% | $97M-3.0% | |
| Lower of cost or market inventory valuation adjustments (Note 8) by Business | ||||||
| Lubricants & Specialties | $0— | $0— | $0— | $0— | $0— | |
| Midstream | $0— | $0— | $0— | $0— | $0— | |
| Refining | -$73M-118% | $415M+351% | $92M-62.4% | $245M+236% | $73M+335% | |
| Renewables | -$65M-3,350% | $2M+111% | -$18M+48.6% | -$35M-150% | -$14M-16.7% | |
| Lower of cost or market inventory valuation adjustments by Business | ||||||
| Refining | -$73M-118% | $415M+352% | $91.8M-62.5% | $244.6M+237% | $72.6M+327% | |
| Renewables | -$65M-3,350% | $2M+111% | -$17.6M+48.4% | -$34.1M-158% | -$13.2M-20.0% | |
| Depreciation, Depletion and Amortization by Business | ||||||
| Lubricants & Specialties | $96M+2.1% | $94M+1.1% | $93M+4.5% | $89M-1.1% | $90M0.0% | |
| Marketing | $30M+3.4% | $29M0.0% | $29M+3.6% | $28M+3.7% | $27M+3.8% | |
| Midstream | $75M+1.4% | $74M-1.3% | $75M0.0% | $75M+5.6% | $71M-2.7% | |
| Refining | $556M+1.5% | $548M+1.1% | $542M+3.0% | $526M+2.3% | $514M+4.0% | |
| Renewables | $89M-4.3% | $93M+5.7% | $88M+1.1% | $87M+7.4% | $81M+3.8% | |
| CapEx by Business | ||||||
| Lubricants & Specialties | $42M-8.7% | $46M-4.2% | $48M-5.9% | $51M+8.5% | $47M+11.9% | |
| Marketing | $59M+25.5% | $47M-11.3% | $53M+8.2% | $49M-3.9% | $51M-3.8% | |
| Midstream | $46M+7.0% | $43M0.0% | $43M-14.0% | $50M+2.0% | $49M+2.1% | |
| Refining | $291M+2.1% | $285M-9.2% | $314M+2.6% | $306M+12.9% | $271M+1.1% | |
| Renewables | $3M0.0% | $3M0.0% | $3M-25.0% | $4M-42.9% | $7M-22.2% | |
| Inventory Valuation Reserves by Business | ||||||
| Refining | $1.14B-6.0% | $1.21B+52.0% | $798M+13.1% | $705.8M+62.6% | $434M— | |
| Renewables | $306M-17.5% | $371M+0.5% | $369M-4.6% | $386.6M-8.1% | $420.7M-3.0% | |
| Sales and other revenues (Note 3) by Product | ||||||
| Asphalt, fuel oil and other products | $1.5B+5.2% | $1.43B-53.2% | $3.05B-4.4% | $3.18B-5.2% | $3.36B-4.7% | |
| Excess crude oil revenues | $1.38B+3.4% | $1.34B-50.4% | $2.69B+1.3% | $2.66B-3.3% | $2.75B+4.4% | |
| Lubricants and specialty products | $2.3B-0.5% | $2.31B-45.1% | $4.21B-0.3% | $4.22B-1.4% | $4.28B-0.4% | |
| RIN | $398.5M-7.3% | $430M— | —— | —— | —— | |
| Transportation and logistics services | $123M+1.7% | $121M-37.6% | $194M+0.5% | $193M+1.0% | $191M+3.2% | |
| Transportation fuels | $21.48B+2.6% | $20.93B-45.2% | $38.21B+0.2% | $38.13B-1.9% | $38.88B-1.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does HF Sinclair break its business down?
- HF Sinclair (DINO) reports sales and other revenues (note 3) by business across 5 parts — Lubricants & Specialties, Marketing, Midstream, Refining and Renewables. Each is extracted from the segment footnotes and tracked over time.
- Where does HF Sinclair's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in HF Sinclair's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
