HF Sinclair Corporation (DINO) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Refining	20,536	76.43%
Marketing	3,142	11.69%
Lubricants & Specialties	2,519	9.38%
Renewables	551	2.05%
Midstream	121	0.45%
Gross margin		19.01%
Operating margin		3.45%
Pre-tax margin		2.72%

Revenue by product or service $m

Line	FY2024	FY2023	FY2022	FY2021	FY2020
Transportation fuels	—	24,582 76.91%	30,251 79.18%	13,415 72.95%	7,826 69.97%
Lubricants and specialty products	—	2,521 7.89%	2,826 7.40%	2,322 12.63%	1,657 14.82%
Asphalt, fuel oil and other products	—	2,167 6.78%	2,148 5.62%	949 5.16%	672 6.01%
Excess crude oil revenues	—	2,147 6.72%	2,342 6.13%	1,548 8.42%	884 7.91%
Other revenues	—	429 1.34%	529 1.38%	52 0.29%	46 0.41%
Transportation and logistics services	—	118 0.37%	109 0.29%	104 0.56%	98 0.88%
Renewable Diesel	—	—	—	0 0.00%	0 0.00%
Other, not broken out	1,984 6.94%	—	—	—	—
Total refined product revenues	—	29,270	35,225	16,685	10,155
Revenue	28,580	31,964	38,205	18,389	11,184

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Refining	20,536 76.43%	21,701 75.93%	24,157 75.58%	30,380 79.52%	16,359 88.96%	9,539 85.30%
Marketing	3,142 11.69%	3,428 11.99%	4,146 12.97%	3,912 10.24%	0 0.00%	0 0.00%
Lubricants & Specialties	2,519 9.38%	2,700 9.45%	2,762 8.64%	3,150 8.24%	2,561 13.92%	1,803 16.12%
Renewables	551 2.05%	644 2.25%	781 2.44%	654 1.71%	0 0.00%	0 0.00%
Midstream	121 0.45%	107 0.37%	118 0.37%	109 0.29%	104 0.56%	498 4.45%
Eliminations	—	—	—	—	(634) (3.45%)	(657) (5.87%)
Revenue	26,869	28,580	31,964	38,205	18,389	11,184

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Refining	‡	‡	‡	‡	‡	‡
Midstream	‡	‡	‡	‡	‡	‡
Lubricants & Specialties	‡	‡	‡	‡	‡	‡
Marketing	‡	‡	‡	‡	‡	‡
Renewables	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Affiliates—crude pipelines	Q3 FY2026	474.5K	464.3K	+2.19%
Affiliates—intermediate pipelines	Q3 FY2026	133.4K	139.9K	−4.62%
Affiliates pipeline volumes	Q3 FY2026	751.0K	745.8K	+0.69%
Affiliates—refined product pipelines	Q3 FY2026	143.1K	141.6K	+1.02%
Crude charge	Q3 FY2026	614.1K	639.1K	−3.91%
Mid-Continent crude charge	Q3 FY2026	250.3K	280.2K	−10.67%
Mid-Continent refinery throughput	Q3 FY2026	268.8K	296.2K	−9.25%
Mid-Continent refinery utilization	Q3 FY2026	96.3%	107.8%	—
Mid-Continent sales of produced refined products	Q3 FY2026	243.5K	281.0K	−13.35%
Number of branded sites at period end	Q3 FY2026	1.9K	1.7K	+8.62%
Refinery throughput	Q3 FY2026	660.0K	681.1K	−3.10%
Refinery utilization	Q3 FY2026	90.6%	94.3%	—
Renewables sales volumes	Q3 FY2026	63.2M	57.2M	+10.56%
Sales of produced products	Q3 FY2026	30.2K	32.0K	−5.68%
Sales of produced refined products	Q3 FY2026	643.5K	661.1K	−2.66%
Sales volumes	Q3 FY2026	420.2M	360.5M	+16.56%
West crude charge	Q3 FY2026	363.7K	358.8K	+1.37%
West refinery throughput	Q3 FY2026	391.2K	384.9K	+1.64%
West refinery utilization	Q3 FY2026	87.0%	85.8%	—
West sales of produced refined products	Q3 FY2026	400.0K	380.1K	+5.24%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Affiliates—crude pipelines	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Affiliates—intermediate pipelines	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Affiliates pipeline volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Affiliates—refined product pipelines	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Crude charge	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Mid-Continent crude charge	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Mid-Continent refinery throughput	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Mid-Continent refinery utilization	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Mid-Continent sales of produced refined products	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of branded sites at period end	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refinery throughput	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refinery utilization	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Renewables sales volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Sales of produced products	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Sales of produced refined products	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Sales volumes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
West crude charge	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
West refinery throughput	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
West refinery utilization	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
West sales of produced refined products	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.