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HF Sinclair vs Delek Logistics Partners, LP: DINO and DKL compared
HF Sinclair is the larger company: $10.9B of revenue in its latest quarter (Q3 2026) against $372M for Delek Logistics Partners, LP (Q3 2026). HF Sinclair is growing faster (+50% against +42% a year earlier). HF Sinclair is more profitable, with an operating margin of 24.6% against 14.4%.
Where the money goes: DINO and DKL
HF Sinclair (DINO) · Q3 2026
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 follows the revenue to costs, profit and cash.
Delek Logistics Partners, LP (DKL) · Q3 2026
Delek Logistics Partners, LP, Q3 2026: revenue $372M (+42% year over year), operating margin 14.4%, net earnings $47.4M, operating cash flow $188M. The chart follows the revenue to costs, profit and cash.
| HF Sinclair (DINO) | Delek Logistics Partners, LP (DKL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $10.9B | $372M |
| Revenue growth, Y/Y | +50% | +42% |
| Operating margin | 24.6% | 14.4% |
| Net earnings | $2.0B | $47.4M |
| Net margin | 18.6% | 12.7% |
| Operating cash flow | $1.8B | $188M |
| Free cash flow | $1.6B | $129M |
| Market value | $17.2B | $3.0B |
| P/E | 5.0× | 19.2× |
| Analysts’ mean target | $122.81 | $53.33 |
Where the revenue comes from
HF Sinclair
- Total refined product revenues: $10.1B (93%)
- Excess crude oil revenues: $413M (4%)
- Other revenues: $298M (3%)
- Transportation and logistics services: $34.0M (0%)
Delek Logistics Partners, LP
- Gathering and Processing: $204M (55%)
- Wholesale Marketing and Terminalling: $141M (38%)
- Storage and Transportation: $27.4M (7%)
Questions
Which is bigger, HF Sinclair or Delek Logistics Partners, LP?
HF Sinclair is the larger company: $10.9B of revenue in its latest quarter (Q3 2026) against $372M for Delek Logistics Partners, LP (Q3 2026).
Is HF Sinclair or Delek Logistics Partners, LP growing faster?
HF Sinclair is growing faster (+50% against +42% a year earlier).
Which is more profitable, HF Sinclair or Delek Logistics Partners, LP?
HF Sinclair is more profitable, with an operating margin of 24.6% against 14.4%.
More: HF Sinclair earnings · how HF Sinclair makes money · Delek Logistics Partners, LP earnings · how Delek Logistics Partners, LP makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.