Filing Flows › HF Sinclair (DINO) › Q2 2025
HF Sinclair (DINO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
HF Sinclair (DINO) reported revenue of $6.8B for the second quarter 2025 (Q2 2025), -14% from a year earlier and +6% from the quarter before. Operating margin was 4.1%, net earnings $210M (3.1% of revenue).
HF Sinclair, Q2 2025: revenue $6.8B (-14% year over year), operating margin 4.1%, net earnings $210M, operating cash flow $587M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | +6% | -14% |
| Operating profit | $275M | +240% | +40% |
| Net earnings | $210M | — | +36% |
| Operating cash flow | $587M | — | +162% |
| Free cash flow | $476M | — | +240% |
What changed
Revenue was $6.8B in Q2 2025, down 14% year over year and up 6% from the previous quarter. Transportation fuels was the largest line at 79% of revenue. Transportation fuels lost $0.76B year over year (down 12%), 71% of the total change.
Operating profit was $0.28B, a 4.1% margin (up 1.5 points year over year). Total costs fell 15% while revenue fell 14%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $0.21B, up 37% year over year. The effective tax rate was 14.6%.
Operating cash flow was $0.59B (up 162% year over year), 280% 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 added $0.14B. Capital expenditures of $0.11B left free cash flow of $0.48B.
Questions
What was HF Sinclair's revenue in the second quarter 2025?
HF Sinclair (DINO) reported revenue of $6.8B for the second quarter 2025 (Q2 2025), -14% from a year earlier and +6% from the quarter before.
Was HF Sinclair profitable in the second quarter 2025?
Operating profit was $275M (4.1% of revenue) and net earnings $210M.
Source: HF Sinclair 10-Q on SEC EDGAR.