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HF Sinclair DINO Business Segments

FY'25FY'24FY'23FY'22
Sales and other revenues (Note 3) by Business
Lubricants & Specialties$2.53B-6.9%$2.71B-2.3%$2.78B-12.2%$3.16B+23.4%
Marketing$3.14B-8.4%$3.43B-17.3%$4.15B+6.0%$3.91B
Midstream$643M-0.2%$644M+10.3%$584M+8.1%$540M+25.4%
Refining$23.82B-6.0%$25.34B-11.6%$28.67B-16.7%$34.41B+110%
Renewables$991M+0.1%$990M-16.7%$1.19B+17.1%$1.02B
Operating Income (Loss) by Business
Lubricants & Specialties$165M-31.5%$241M-6.6%$258M-11.9%$293M+22.7%
Marketing$73M+52.1%$48M+29.7%$37M-17.8%$45M
Midstream$363M+7.4%$338M+18.2%$286M+4.0%$275M+30.1%
Refining$612M+466%-$167M-109%$1.94B-48.3%$3.76B+630%
Renewables-$133M-47.8%-$90M+32.3%-$133M+26.1%-$180M-174%
Selling, general and administrative expenses by Business
Lubricants & Specialties$158M+6.0%$149M-9.1%$164M-2.4%$168M-1.3%
Marketing$40M+11.1%$36M+5.9%$34M+1,033%$3M
Midstream$7M-36.4%$11M-59.3%$27M+58.8%$17M+34.5%
Refining$219M0.0%$219M+9.5%$200M+36.1%$147M+15.2%
Renewables$4M-20.0%$5M0.0%$5M+25.0%$4M
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization by Business
Lubricants & Specialties$2.11B-5.5%$2.23B-1.6%$2.27B-13.3%$2.62B
Marketing$3B-9.6%$3.32B-18.1%$4.05B+5.3%$3.85B
Midstream$199M-7.0%$214M+13.2%$189M+10.5%$171M
Refining$22.48B-9.3%$24.79B-5.2%$26.14B-13.2%$30.11B
Renewables$1.03B+3.0%$997M-19.6%$1.24B+9.0%$1.14B
Cost, Direct Material by Business
Lubricants & Specialties$1.84B-7.0%$1.98B-1.6%$2.01B-14.1%$2.34B
Marketing$3B-9.6%$3.32B-18.1%$4.05B+5.3%$3.85B
Midstream$0$0$0$0
Refining$20.24B-11.6%$22.91B-4.7%$24.04B-15.2%$28.35B
Renewables$935M+2.9%$909M-15.9%$1.08B+11.0%$974M
Operating expenses by Business
Lubricants & Specialties$271M+6.7%$254M-1.9%$259M-6.8%$278M+10.1%
Marketing$0$0$0$0
Midstream$199M-7.0%$214M+13.2%$189M+10.5%$171M+28.1%
Refining$1.83B-4.5%$1.91B+1.7%$1.88B+6.7%$1.76B+69.6%
Renewables$90M-10.0%$100M-8.3%$109M-2.7%$112M+102%
Lower of cost or market inventory valuation adjustments (Note 8) by Business
Lubricants & Specialties$0$0$0$0
Midstream$0$0$0$0
Refining$415M+1,439%-$31M-114%$221M$0
Renewables$2M+117%-$12M-124%$50M-3.8%$52M
Lower of cost or market inventory valuation adjustments by Business
Refining$415M+1,397%-$32M-114%$221M$0+100%
Renewables$2M+118%-$11M-122%$50M
Depreciation, Depletion and Amortization by Business
Lubricants & Specialties$94M+4.4%$90M+5.9%$85M+4.9%$81M+4.4%
Marketing$29M+11.5%$26M+8.3%$24M+33.3%$18M
Midstream$74M+1.4%$73M-11.0%$82M+6.5%$77M+5.4%
Refining$548M+10.9%$494M+7.2%$461M+16.1%$397M+21.8%
Renewables$93M+19.2%$78M+1.3%$77M+45.3%$53M+3,070%
CapEx by Business
Lubricants & Specialties$46M+9.5%$42M+13.5%$37M+5.7%$35M+13.3%
Marketing$47M-11.3%$53M+89.3%$28M+211%$9M
Midstream$43M-10.4%$48M+50.0%$32M-3.0%$33M-61.7%
Refining$285M+6.3%$268M+20.2%$223M+32.7%$168M+3.3%
Renewables$3M-66.7%$9M-50.0%$18M-92.0%$225M-56.0%
Inventory Valuation Reserves by Business
Refining$1.21B
Renewables$371M-14.5%$433.9M
Sales and other revenues (Note 3) by Product
Asphalt, fuel oil and other products$1.43B-59.5%$3.52B+62.6%$2.17B+0.9%$2.15B+126%
Excess crude oil revenues$1.34B-49.3%$2.63B+22.7%$2.15B-8.3%$2.34B+51.3%
Lubricants and specialty products$2.31B-46.3%$4.3B$2.83B
RIN$430M
Transportation and logistics services$121M-34.6%$185M+56.8%$118M+8.3%$109M+5.2%
Transportation fuels$20.93B-47.0%$39.48B+60.6%$24.58B-18.7%$30.25B+126%

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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.