Filing Flows › HF Sinclair (DINO) › Q2 2026 › vs Q2 2025
HF Sinclair (DINO) Q2 2026 vs Q2 2025 (year over year)
HF Sinclair's revenue rose $3.6B (+53%) from $6.8B in Q2 2025 to $10.4B in Q2 2026. The biggest changes: Total refined product revenues +$3.5B (+55%); Other revenues +$174M (+193%); Excess crude oil revenues −$35.0M (-10%). Operating margin 11.2% against 4.1% (+7.2 pts).
HF Sinclair, Q2 2026: revenue $10.4B (+53% year over year), operating margin 11.2%, net earnings $893M, operating cash flow $1.5B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 11.2% | 4.1% | +7.2 pts |
| Net margin | 8.6% | 3.1% | +5.5 pts |
| Free cash flow margin | 13.4% | 7.0% | +6.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Transportation fuels | $8.3B | $5.3B | $3.0B | +56% |
| Lubricants and specialty products | $879M | $583M | $296M | +51% |
| Asphalt, fuel oil and other products | $587M | $393M | $194M | +49% |
| Total refined product revenues | $9.8B | $6.3B | $3.5B | +55% |
| Excess crude oil revenues | $310M | $345M | −$35.0M | -10% |
| Other revenues | $264M | $90.0M | $174M | +193% |
| Transportation and logistics services | $32.0M | $29.0M | $3.0M | +10% |
| Revenue | $10.4B | $6.8B | $3.6B | +53% |
| Operating profit | $1.2B | $275M | $893M | +325% |
| Costs & expenses | $9.2B | $6.5B | $2.7B | +42% |
| Pre-tax earnings | $1.2B | $246M | $926M | +376% |
| Cost of revenue | $8.8B | $6.2B | $2.7B | +43% |
| SG&A | $130M | $114M | $16.0M | +14% |
| Other operating costs | $275M | $235M | $40.0M | +17% |
| Net earnings | $893M | $210M | $683M | +325% |
| Income tax | $279M | $36.0M | $243M | +675% |
| Depreciation & amortization | $228M | $226M | $2.0M | +0.9% |
| Share-based compensation | $8.0M | $8.0M | $0 | 0% |
| Working capital & other | $381M | $143M | $238M | +166% |
| Operating cash flow | $1.5B | $587M | $923M | +157% |
| Free cash flow (OCF − capex) | $1.4B | $476M | $916M | +192% |
| Capital expenditures | $118M | $111M | $7.0M | +6% |
Questions
How much did HF Sinclair's revenue grow year over year in Q2 2026?
HF Sinclair's revenue rose $3.6B (+53%) from $6.8B in Q2 2025 to $10.4B in Q2 2026.
What drove HF Sinclair's revenue change in Q2 2026?
Total refined product revenues +$3.5B (+55%); Other revenues +$174M (+193%); Excess crude oil revenues −$35.0M (-10%).