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-4.9% | $2.53B-6.9% | $2.56B-7.2% | $2.59B-6.1% | $2.67B-1.5% | |
| Marketing | $3.25B-2.7% | $3.14B-8.4% | $3.17B-11.4% | $3.22B-17.1% | $3.34B-16.2% | |
| Midstream | $653M+1.2% | $643M-0.2% | $640M+0.6% | $644M+3.1% | $645M+7.0% | |
| Refining | $24.44B-1.4% | $23.82B-6.0% | $23.89B-9.6% | $23.83B-15.2% | $24.79B-12.0% | |
| Renewables | $1.14B+20.6% | $991M+0.1% | $963M-7.3% | $951M-13.9% | $941M-16.7% | |
| Operating Income (Loss) by Business | ||||||
| Lubricants & Specialties | $166M-30.5% | $165M-31.5% | $192M-16.9% | $196M-26.8% | $239M-2.3% | |
| Marketing | $73M+23.7% | $73M+52.1% | $73M+97.8% | $68M+88.8% | $59M+29.7% | |
| Midstream | $359M+4.7% | $363M+7.4% | $361M+10.0% | $344M+4.9% | $343M+13.9% | |
| Refining | $1.16B+327% | $612M+466% | $280M+69.7% | -$408M-132% | -$509M-128% | |
| Renewables | $88M+198% | -$133M-47.8% | -$111M+27.4% | -$79M+37.7% | -$90M+16.2% | |
| Selling, general and administrative expenses by Business | ||||||
| Lubricants & Specialties | $164M+8.6% | $158M+6.0% | $153M+1.5% | $155M+1.4% | $151M-4.9% | |
| Marketing | $41M+17.1% | $40M+11.1% | $36M-3.2% | $36M+3.1% | $35M-0.1% | |
| Midstream | $7M-22.2% | $7M-36.4% | $7M-60.9% | $9M-60.6% | $9M-65.9% | |
| Refining | $222M-1.3% | $219M0.0% | $224M+5.9% | $226M+9.2% | $225M+7.7% | |
| Renewables | $4M-20.0% | $4M-20.0% | $3M-44.6% | $4M-15.8% | $5M-1.7% | |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization by Business | ||||||
| Lubricants & Specialties | $2.12B-3.4% | $2.11B-5.5% | $2.12B-7.3% | $2.15B-4.4% | $2.19B-1.4% | |
| Marketing | $3.1B-3.5% | $3B-9.6% | $3.03B-12.9% | $3.09B-18.5% | $3.22B-17.1% | |
| Midstream | $212M-0.9% | $199M-7.0% | $199M-3.9% | $208M+4.8% | $214M+10.7% | |
| Refining | $22.55B-8.1% | $22.48B-9.3% | $22.82B-11.0% | $23.46B-10.4% | $24.55B-4.6% | |
| Renewables | $954M+1.0% | $1.03B+3.0% | $983M-11.1% | $939M-18.3% | $945M-18.2% | |
| Cost, Direct Material by Business | ||||||
| Lubricants & Specialties | $1.84B-5.3% | $1.84B-7.0% | $1.85B-8.5% | $1.89B-4.6% | $1.94B-1.3% | |
| Marketing | $3.1B-3.5% | $3B-9.6% | $3.03B-12.9% | $3.09B-18.5% | $3.22B-17.1% | |
| Midstream | $0— | $0— | $0— | $0— | $0— | |
| Refining | $20.8B-7.9% | $20.24B-11.6% | $20.87B-11.3% | $21.33B-12.3% | $22.57B-5.5% | |
| Renewables | $930M+7.9% | $935M+2.9% | $910M-4.4% | $880M-12.8% | $862M-17.8% | |
| Operating expenses by Business | ||||||
| Lubricants & Specialties | $281M+10.6% | $271M+6.7% | $263M+3.0% | $253M-2.5% | $254M-2.1% | |
| Marketing | $0— | $0— | $0— | $0— | $0— | |
| Midstream | $212M-0.9% | $199M-7.0% | $199M-3.9% | $208M+4.8% | $214M+10.7% | |
| Refining | $1.83B-3.6% | $1.83B-4.5% | $1.85B-2.1% | $1.89B+0.3% | $1.9B+2.7% | |
| Renewables | $89M-8.2% | $90M-10.0% | $91M-8.1% | $94M-9.8% | $97M-6.4% | |
| 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-200% | $415M+1,439% | $92M-54.0% | $245M+1,048% | $73M+7,200% | |
| Renewables | -$65M-364% | $2M+117% | -$18M-133% | -$35M-200% | -$14M-511% | |
| Lower of cost or market inventory valuation adjustments by Business | ||||||
| Refining | -$73M-201% | $415M+1,397% | $91.8M-53.9% | $244.6M+1,027% | $72.6M+18,050% | |
| Renewables | -$65M-392% | $2M+118% | -$17.6M-132% | -$34.1M-197% | -$13.2M-467% | |
| Depreciation, Depletion and Amortization by Business | ||||||
| Lubricants & Specialties | $96M+6.7% | $94M+4.4% | $93M+3.5% | $89M-1.4% | $90M+2.7% | |
| Marketing | $30M+11.1% | $29M+11.5% | $29M+20.3% | $28M+16.1% | $27M+11.9% | |
| Midstream | $75M+5.6% | $74M+1.4% | $75M+2.5% | $75M-0.6% | $71M-13.7% | |
| Refining | $556M+8.2% | $548M+10.9% | $542M+10.1% | $526M+7.9% | $514M+7.6% | |
| Renewables | $89M+9.9% | $93M+19.2% | $88M+9.8% | $87M+11.5% | $81M+5.2% | |
| CapEx by Business | ||||||
| Lubricants & Specialties | $42M-10.6% | $46M+9.5% | $48M+35.0% | $51M+47.3% | $47M+40.9% | |
| Marketing | $59M+15.7% | $47M-11.3% | $53M+14.4% | $49M+30.5% | $51M+65.9% | |
| Midstream | $46M-6.1% | $43M-10.4% | $43M-4.6% | $50M+43.9% | $49M+51.3% | |
| Refining | $291M+7.4% | $285M+6.3% | $314M+38.2% | $306M+52.2% | $271M+28.9% | |
| Renewables | $3M-57.1% | $3M-66.7% | $3M-78.3% | $4M-74.4% | $7M-56.7% | |
| Inventory Valuation Reserves by Business | ||||||
| Refining | $1.14B+163% | $1.21B— | $798M— | $705.8M— | $434M— | |
| Renewables | $306M-27.3% | $371M-14.5% | $369M-17.1% | $386.6M-0.7% | $420.7M+18.8% | |
| Sales and other revenues (Note 3) by Product | ||||||
| Asphalt, fuel oil and other products | $1.5B-55.4% | $1.43B-59.5% | $3.05B+40.3% | $3.18B+44.3% | $3.36B+52.1% | |
| Excess crude oil revenues | $1.38B-49.8% | $1.34B-49.3% | $2.69B+87.3% | $2.66B+75.1% | $2.75B+61.5% | |
| Lubricants and specialty products | $2.3B-46.4% | $2.31B-46.3% | $4.21B+70.9% | $4.22B+71.2% | $4.28B— | |
| RIN | $398.5M— | $430M— | —— | —— | —— | |
| Transportation and logistics services | $123M-35.6% | $121M-34.6% | $194M+75.3% | $193M+72.7% | $191M+66.7% | |
| Transportation fuels | $21.48B-44.8% | $20.93B-47.0% | $38.21B+42.3% | $38.13B+41.2% | $38.88B+51.7% |
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.
