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Enbridge vs HF Sinclair: ENB and DINO compared
Enbridge is the larger company: $21.1B of revenue in its latest quarter (Q3 2026) against $10.9B for HF Sinclair (Q3 2026). HF Sinclair is growing faster (+50% against +44% a year earlier). HF Sinclair is more profitable, with an operating margin of 24.6% against 10.1%.
Where the money goes: ENB and DINO
Enbridge (ENB) · Q3 2026
Enbridge, Q3 2026: revenue $21.1B (+44% year over year), operating margin 10.1%, net earnings $1.4B, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
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.
| Enbridge (ENB) | HF Sinclair (DINO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $21.1B | $10.9B |
| Revenue growth, Y/Y | +44% | +50% |
| Operating margin | 10.1% | 24.6% |
| Net earnings | $1.4B | $2.0B |
| Net margin | 6.6% | 18.6% |
| Operating cash flow | $2.7B | $1.8B |
| Free cash flow | — | $1.6B |
| Market value | $107.2B | $17.2B |
| P/E | 15.5× | 5.0× |
| Analysts’ mean target | $51.09 | $122.81 |
Where the revenue comes from
Enbridge
- Commodity Sales Revenue: $14.9B (70%)
- Transportation and Other Services Revenues: $4.9B (23%)
- Gas Distribution Sales: $1.3B (6%)
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%)
Questions
Which is bigger, Enbridge or HF Sinclair?
Enbridge is the larger company: $21.1B of revenue in its latest quarter (Q3 2026) against $10.9B for HF Sinclair (Q3 2026).
Is Enbridge or HF Sinclair growing faster?
HF Sinclair is growing faster (+50% against +44% a year earlier).
Which is more profitable, Enbridge or HF Sinclair?
HF Sinclair is more profitable, with an operating margin of 24.6% against 10.1%.
More: Enbridge earnings · how Enbridge makes money · HF Sinclair earnings · how HF Sinclair makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.