HF Sinclair Corporation (DINO) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and HF Sinclair published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. HF Sinclair reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Segment figures include intersegment revenues, which HF Sinclair eliminates in the Corporate, Other and Eliminations row, so the rows sum to consolidated sales and other revenues of $10,857 million.
• Q3 2026 includes $582 million recognized in cost of materials and other for small refinery RINs waivers granted by the EPA, and Mississauga Asset Retirement charges in Lubricants & Specialties (a $27 million impairment, $28 million of severance and $54 million of accelerated depreciation and amortization).
• HF Sinclair announced with these results that Steve Ledbetter, its president and chief operating officer, will succeed Franklin Myers as CEO effective January 1, 2027.

Source: HF Sinclair Q3 2026 results, October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How HF Sinclair splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• HF Sinclair's Refining revenue was $9.9 billion in Q3 2026, up 53% from $6.4 billion in Q3 2025, 91% of total revenue.
• HF Sinclair's Renewables revenue was $528 million in Q3 2026, up 91% from $277 million in Q3 2025, 5% of total revenue.
• HF Sinclair's Marketing revenue was $1.6 billion in Q3 2026, up 76% from $898 million in Q3 2025, 15% of total revenue.
• HF Sinclair's Lubricants & Specialties revenue was $926 million in Q3 2026, up 41% from $655 million in Q3 2025, 9% of total revenue.
• HF Sinclair's Midstream revenue was $169 million in Q3 2026, up 6% from $160 million in Q3 2025, 2% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Sales and other revenues and GAAP diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for HF Sinclair's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

HF Sinclair's sales and other revenues were $10,857 million in Q3 2026, up 50% from $7,251 million. Refining is most of it: the segment's revenues from external customers were $8,141 million, with Marketing at $1,576 million, Lubricants & Specialties at $924 million, Renewables at $182 million and Midstream at $34 million. (HF Sinclair Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 28, 2026)

By product, HF Sinclair's 10-Q puts transportation fuels (wholesale gasoline, diesel and jet fuel, branded fuel and renewable diesel) at $8,678 million, lubricants and specialty products at $851 million, and asphalt, fuel oil and other products at $583 million. Sales of excess crude oil added $413 million. The largest market for refined products was the Mid-Continent at $3,556 million, followed by the Rocky Mountains at $2,446 million and the Northwest at $2,044 million. (HF Sinclair Form 10-Q, Q3 2026, Oct 28, 2026)

HF Sinclair said the rise in Refining was driven principally by the tight supply of transportation fuels, elevated crack spreads and the small refinery RINs waivers granted by the EPA. Adjusted refinery gross margin was $54.22 per produced barrel sold, up 183% from $19.16, while crude charge fell to 614,060 barrels per day from 639,050 because of the planned turnaround at the El Dorado refinery. (HF Sinclair Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 28, 2026)

HF Sinclair runs seven refineries: El Dorado and Tulsa in the Mid-Continent region, and Puget Sound, Navajo, Woods Cross, Parco and Casper in the West region. Refinery utilization was 90.6% across the system, 96.3% in the Mid-Continent and 87.0% in the West. Gasolines were 50% of produced refined products sold and diesel fuels 30%. (HF Sinclair Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 28, 2026)

Outside Refining, HF Sinclair's Renewables segment sold 63 million gallons against 57 million a year earlier, and Marketing sold 420 million gallons of branded fuel against 360 million. In July 2026 HF Sinclair announced plans to separate Lubricants & Specialties into an independent public company, which it expects to be substantially completed over the course of 2027. (HF Sinclair Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 28, 2026)

HF Sinclair's GAAP diluted EPS was $11.38 in Q3 2026 and adjusted EPS was $11.75. Adjustments added $84 million before tax: $28 million of asset impairments, $54 million of incremental accelerated depreciation and amortization and $28 million of severance tied to retiring the Mississauga refinery, plus $3 million of separation costs, offset by a $30 million lower of cost or market inventory benefit. (HF Sinclair Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 28, 2026)

HF Sinclair's 10-Q says it recognized $582 million in cost of materials and other related to small refinery RINs waivers granted in Q3 2026, and the Refining segment also recognized $181 million of revenue from RINs sales. (HF Sinclair Form 10-Q, Q3 2026, Oct 28, 2026)

HF Sinclair's diluted share count fell 6% to 175,871 thousand from 186,499 thousand. It repurchased 4,957,465 shares for $490 million in the quarter, including 2,375,000 shares bought from REH for $212 million in a privately negotiated transaction. The effective tax rate was 23.8%, which it attributes mainly to state and local income taxes. (HF Sinclair Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 28, 2026; HF Sinclair Form 10-Q, Q3 2026, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

HF Sinclair's Q3 2026 release does not give an outlook for revenue or earnings. Its 10-Q says that for the fourth quarter of 2026 it expects to run between 560,000 and 600,000 barrels per day of crude oil, which reflects completion of the planned turnaround at the El Dorado refinery. (HF Sinclair Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 28, 2026; HF Sinclair Form 10-Q, Q3 2026, Oct 28, 2026)

HF Sinclair's board declared a regular quarterly dividend of $0.525 per share, payable on December 2, 2026, up from $0.50 a year earlier. (HF Sinclair Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover HF Sinclair, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones HF Sinclair's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning DINO is on is DINO a buy or a sell?, what analysts expect next is on the DINO forecast, and what the company does is on the HF Sinclair Corporation (DINO) stock page.

Every number on this page can be traced to a document HF Sinclair published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.