Filing Flows › HF Sinclair (DINO) › Q3 2026 › vs Q3 2025
HF Sinclair (DINO) Q3 2026 vs Q3 2025 (year over year)
HF Sinclair's revenue rose $3.6B (+50%) from $7.3B in Q3 2025 to $10.9B in Q3 2026. The biggest changes: Total refined product revenues +$3.4B (+52%); Other revenues +$134M (+82%); Excess crude oil revenues +$19.0M (+5%). Operating margin 24.6% against 7.8% (+16.8 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 24.6% | 7.8% | +16.8 pts |
| Net margin | 18.6% | 5.6% | +13.0 pts |
| Free cash flow margin | 15.2% | 9.5% | +5.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Transportation fuels | $8.7B | $5.7B | $3.0B | +53% |
| Lubricants and specialty products | $851M | $596M | $255M | +43% |
| Asphalt, fuel oil and other products | $583M | $401M | $182M | +45% |
| Total refined product revenues | $10.1B | $6.7B | $3.4B | +52% |
| Excess crude oil revenues | $413M | $394M | $19.0M | +5% |
| Other revenues | $298M | $164M | $134M | +82% |
| Transportation and logistics services | $34.0M | $29.0M | $5.0M | +17% |
| Revenue | $10.9B | $7.3B | $3.6B | +50% |
| Operating profit | $2.7B | $564M | $2.1B | +374% |
| Costs & expenses | $8.2B | $6.7B | $1.5B | +22% |
| Pre-tax earnings | $2.6B | $528M | $2.1B | +402% |
| Cost of revenue | $7.7B | $6.3B | $1.4B | +21% |
| SG&A | $146M | $105M | $41.0M | +39% |
| Other operating costs | $334M | $234M | $100M | +43% |
| Net earnings | $2.0B | $405M | $1.6B | +398% |
| Income tax | $632M | $123M | $509M | +414% |
| Depreciation & amortization | $278M | $230M | $48.0M | +21% |
| Share-based compensation | $11.0M | $7.0M | $4.0M | +57% |
| Working capital & other | $522M | −$167M | $689M | — |
| Operating cash flow | $1.8B | $809M | $975M | +121% |
| Free cash flow (OCF − capex) | $1.6B | $688M | $959M | +139% |
| Capital expenditures | $137M | $121M | $16.0M | +13% |
Questions
How much did HF Sinclair's revenue grow year over year in Q3 2026?
HF Sinclair's revenue rose $3.6B (+50%) from $7.3B in Q3 2025 to $10.9B in Q3 2026.
What drove HF Sinclair's revenue change in Q3 2026?
Total refined product revenues +$3.4B (+52%); Other revenues +$134M (+82%); Excess crude oil revenues +$19.0M (+5%).