Filing Flows › HF Sinclair (DINO) › Q1 2026
HF Sinclair (DINO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
HF Sinclair (DINO) reported revenue of $7.1B for the first quarter 2026 (Q1 2026), +12% from a year earlier and +10% from the quarter before. Operating margin was 11.9%, net earnings $650M (9.1% of revenue).
HF Sinclair, Q1 2026: revenue $7.1B (+12% year over year), operating margin 11.9%, net earnings $650M, operating cash flow $457M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1B | +10% | +12% |
| Operating profit | $847M | 121× | +946% |
| Net earnings | $650M | — | — |
| Operating cash flow | $457M | 57× | — |
| Free cash flow | $355M | — | — |
What changed
Revenue was $7.1B in Q1 2026, up 12% year over year and up 10% from the previous quarter. Transportation fuels was the largest line at 77% of revenue. Transportation fuels added $0.54B year over year (up 11%), 72% of the total change. Lubricants and specialty products declined 2%.
Operating profit was $0.85B, a 11.9% margin (up 10.6 points year over year). Of the extra revenue versus Q1 2025, 102% reached operating profit, above the 1% margin then. Total costs fell 0% while revenue rose 12%. The fastest-growing cost line was SG&A (+11%). Net earnings were $0.65B. The effective tax rate was 22.5%.
Operating cash flow was $0.46B, 70% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.43B. Capital expenditures of $0.10B left free cash flow of $0.35B.
Questions
What was HF Sinclair's revenue in the first quarter 2026?
HF Sinclair (DINO) reported revenue of $7.1B for the first quarter 2026 (Q1 2026), +12% from a year earlier and +10% from the quarter before.
Was HF Sinclair profitable in the first quarter 2026?
Operating profit was $847M (11.9% of revenue) and net earnings $650M.
Source: HF Sinclair 10-Q on SEC EDGAR.