What is the primary revenue source for HF Sinclair (DINO)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze DINO's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out HF Sinclair's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How HF Sinclair Makes Money: DINO Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

The largest revenue segment accounts for 78.93% of revenue, indicating concentration.

Operating margin improved by 8.8 percentage points year over year.

Revenue: USD 17.51B
Largest revenue segment share (Transportation Fuels): 78.93%
Income tax expense: USD 468.00M
Selling, general and administrative: USD 245.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

RevenueSales and other revenues (note 3) · RevenueFromContractWithCustomerExcludingAssessedTax
Selling, general and administrativeSelling, general and administrative expenses · SellingGeneralAndAdministrativeExpense
Income tax expenseTotal income tax expense · IncomeTaxExpenseBenefit
Largest revenue segment share (Transportation Fuels)Transportation Fuels · segment_value / revenue * 100
Operating marginIncome (loss) from operations · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Property, plant and equipment: USD 6.43B
Inventory: USD 3.28B
Goodwill: USD 2.98B
Total liabilities: USD 8.64B
Shareholder equity: USD 10.35B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

GoodwillGoodwill · Goodwill
Property, plant and equipmentTotal properties, plants and equipment · PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
Shareholder equityStockholders' equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesTotal liabilities · Liabilities
InventoryTotal inventories · InventoryNet

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 127.73% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 1.54B
Operating cash flow: USD 1.97B
Cash conversion: 127.73%
Free cash flow: USD 1.75B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income attributable to hf sinclair stockholders · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 180.00M
Share repurchases: USD 255.00M
Net shareholder return: USD 435.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?