Filing Flows › HF Sinclair (DINO) › Q4 2025
HF Sinclair (DINO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
HF Sinclair (DINO) reported revenue of $6.5B for the fourth quarter 2025 (Q4 2025), -0.6% from a year earlier and -11% from the quarter before. Operating margin was 0.1%, net loss $27.0M (0.4% of revenue).
HF Sinclair, Q4 2025: revenue $6.5B (-0.6% year over year), operating margin 0.1%, net loss $27.0M, operating cash flow $8.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5B | -11% | -0.6% |
| Operating profit | $7.0M | -99% | — |
| Net earnings | −$27.0M | -107% | — |
| Operating cash flow | $8.0M | -99% | — |
What changed
Revenue was $6.5B in Q4 2025, down 1% year over year and down 11% from the previous quarter. Transportation fuels was the largest line at 77% of revenue. Transportation fuels lost $17.3B year over year (down 78%), 47981% of the total change.
Operating profit was $0.01B, a 0.1% margin (up 3.6 points year over year). Total costs fell 4% while revenue fell 1%. The fastest-growing cost line was SG&A (+11%). The quarter ended with a net loss of $0.03B, after a profit of $0.41B the previous quarter. Net interest and other expense of $0.05B was the main reason.
Operating cash flow was $0.01B. Non-cash charges added back $0.23B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.13B exceeded it, leaving free cash flow of −$0.12B.
Questions
What was HF Sinclair's revenue in the fourth quarter 2025?
HF Sinclair (DINO) reported revenue of $6.5B for the fourth quarter 2025 (Q4 2025), -0.6% from a year earlier and -11% from the quarter before.
Was HF Sinclair profitable in the fourth quarter 2025?
Operating profit was $7.0M (0.1% of revenue) and net loss $27.0M.
Source: HF Sinclair 10-K on SEC EDGAR.