Filing Flows › HF Sinclair (DINO) › Q2 2026
HF Sinclair (DINO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
HF Sinclair (DINO) reported revenue of $10.4B for the second quarter 2026 (Q2 2026), +53% from a year earlier and +46% from the quarter before. Operating margin was 11.2%, net earnings $893M (8.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.4B | +46% | +53% |
| Operating profit | $1.2B | +38% | +325% |
| Net earnings | $893M | +37% | +325% |
| Operating cash flow | $1.5B | +230% | +157% |
| Free cash flow | $1.4B | +292% | +192% |
What changed
Revenue was $10.4B in Q2 2026, up 53% year over year and up 46% from the previous quarter. Transportation fuels was the largest line at 80% of revenue. Transportation fuels added $3.0B year over year (up 56%), 82% of the total change. Excess crude oil revenues declined 10%.
Operating profit was $1.2B, a 11.2% margin (up 7.2 points year over year). Of the extra revenue versus Q2 2025, 25% reached operating profit, above the 4% margin then. Total costs grew 42% against revenue growth of 53%. The fastest-growing cost line was Cost of revenue (+43%). Net earnings were $0.89B, up 329% year over year. The effective tax rate was 23.8%.
Operating cash flow was $1.5B (up 157% year over year), 169% 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 $0.38B. Capital expenditures of $0.12B left free cash flow of $1.4B.
Questions
What was HF Sinclair's revenue in the second quarter 2026?
HF Sinclair (DINO) reported revenue of $10.4B for the second quarter 2026 (Q2 2026), +53% from a year earlier and +46% from the quarter before.
Was HF Sinclair profitable in the second quarter 2026?
Operating profit was $1.2B (11.2% of revenue) and net earnings $893M.
Source: HF Sinclair 10-Q on SEC EDGAR.