Filing Flows › HF Sinclair (DINO) › Q3 2026 › vs Q2 2026
HF Sinclair (DINO) Q3 2026 vs Q2 2026 (quarter over quarter)
HF Sinclair's revenue rose $467M (+4%) from $10.4B in Q2 2026 to $10.9B in Q3 2026. The biggest changes: Total refined product revenues +$328M (+3%); Excess crude oil revenues +$103M (+33%); Other revenues +$34.0M (+13%). Operating margin 24.6% against 11.2% (+13.4 pts).
HF Sinclair, Q3 2026: revenue $10.9B (+50% year over year), operating margin 24.6%, net earnings $2.0B, operating cash flow $1.8B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 24.6% | 11.2% | +13.4 pts |
| Net margin | 18.6% | 8.6% | +10.0 pts |
| Free cash flow margin | 15.2% | 13.4% | +1.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Transportation fuels | $8.7B | $8.3B | $360M | +4% |
| Lubricants and specialty products | $851M | $879M | −$28.0M | -3% |
| Asphalt, fuel oil and other products | $583M | $587M | −$4.0M | -0.7% |
| Total refined product revenues | $10.1B | $9.8B | $328M | +3% |
| Excess crude oil revenues | $413M | $310M | $103M | +33% |
| Other revenues | $298M | $264M | $34.0M | +13% |
| Transportation and logistics services | $34.0M | $32.0M | $2.0M | +6% |
| Revenue | $10.9B | $10.4B | $467M | +4% |
| Operating profit | $2.7B | $1.2B | $1.5B | +129% |
| Costs & expenses | $8.2B | $9.2B | −$1.0B | -11% |
| Pre-tax earnings | $2.6B | $1.2B | $1.5B | +126% |
| Cost of revenue | $7.7B | $8.8B | −$1.1B | -13% |
| SG&A | $146M | $130M | $16.0M | +12% |
| Other operating costs | $334M | $275M | $59.0M | +21% |
| Net earnings | $2.0B | $893M | $1.1B | +126% |
| Income tax | $632M | $279M | $353M | +127% |
| Depreciation & amortization | $278M | $228M | $50.0M | +22% |
| Share-based compensation | $11.0M | $8.0M | $3.0M | +38% |
| Working capital & other | $522M | −$381M | $903M | — |
| Operating cash flow | $1.8B | $1.5B | $274M | +18% |
| Free cash flow (OCF − capex) | $1.6B | $1.4B | $255M | +18% |
| Capital expenditures | $137M | $118M | $19.0M | +16% |
Questions
How much did HF Sinclair's revenue grow quarter over quarter in Q3 2026?
HF Sinclair's revenue rose $467M (+4%) from $10.4B in Q2 2026 to $10.9B in Q3 2026.
What drove HF Sinclair's revenue change in Q3 2026?
Total refined product revenues +$328M (+3%); Excess crude oil revenues +$103M (+33%); Other revenues +$34.0M (+13%).