HF Sinclair (DINO) Operating Expenses (2021 - 2026)
HF Sinclair (DINO) posted quarterly Operating Expenses of $9.2 billion for Q2 2026, up 41.68% year-over-year from $6.5 billion in Q2 2025, and up 46.94% quarter-over-quarter from $6.3 billion in Q1 2026.
HF Sinclair (DINO) Operating Expenses (2021 - 2026) Analysis & Trends
HF Sinclair (DINO) has reported Operating Expenses for 6 consecutive years, with $9.2 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 41.68% year-over-year to $9.2 billion; the TTM figure through Jun 2026 stood at $28.6 billion (up 6.67% YoY), while the FY2025 annual figure was $25.9 billion, down 8.39% from the prior year.
- Operating Expenses improved to $9.2 billion in Q2 2026 per DINO's latest filing, from $6.3 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $9.5 billion in Q2 2022 and bottomed at $6.3 billion in Q1 2026.
- Historically, Operating Expenses has averaged $7.4 billion across 5 years, with a median of $7.2 billion in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 123.8% — and 2023, when it decreased 24.92%.
- HF Sinclair's Operating Expenses stood at $8.2 billion in 2022, then decreased by 5.17% to $7.7 billion in 2023, then slipped by 13.06% to $6.7 billion in 2024, then fell by 4.0% to $6.5 billion in 2025, then surged by 42.82% to $9.2 billion in 2026.
- Business Quant data shows DINO's Operating Expenses at $9.2 billion in Q2 2026, $6.3 billion in Q1 2026, and $6.5 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 94.49 Bn | 86.72 Bn | 9.27 Bn | 45.02 Bn |
| 2 | Valero Energy | 93.22 Bn | 85.35 Bn | 5.47 Bn | 233.00 Mn |
| 3 | Phillips 66 | 87.73 Bn | 83.64 Bn | 8.38 Bn | 47.07 Bn |
| 4 | HF Sinclair | 15.31 Bn | 13.05 Bn | 1.57 Bn | 9.22 Bn |
| 5 | Sunoco | 9.99 Bn | 9.22 Bn | 1.46 Bn | 13.68 Bn |
| 6 | PBF Energy | 7.97 Bn | 7.08 Bn | 1.15 Bn | 10.41 Bn |
| 7 | Ultrapar Holdings | 6.58 Bn | 4.86 Bn | 603.08 Mn | -124.64 Mn |
| 8 | Cosan | 6.56 Bn | 1.45 Bn | 552.94 Mn | 803.77 Mn |
| 9 | Icahn Enterprises | 5.00 Bn | 3.03 Bn | 198.00 Mn | 3.36 Bn |
| 10 | Delek US Holdings | 3.78 Bn | 3.16 Bn | 365.10 Mn | 3.78 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.22 Bn |
| Mar 31, 2026 | 6.28 Bn |
| Dec 31, 2025 | 6.46 Bn |
| Sep 30, 2025 | 6.69 Bn |
| Jun 30, 2025 | 6.51 Bn |
| Mar 31, 2025 | 6.29 Bn |
| Dec 31, 2024 | 6.73 Bn |
| Sep 30, 2024 | 7.33 Bn |
| Jun 30, 2024 | 7.65 Bn |
| Mar 31, 2024 | 6.62 Bn |
| Dec 31, 2023 | 7.74 Bn |
| Sep 30, 2023 | 7.83 Bn |
| Jun 30, 2023 | 7.13 Bn |
| Mar 31, 2023 | 639.38 Mn |
| Dec 31, 2022 | 32.46 Bn |
| Sep 30, 2022 | 604.59 Mn |
| Jun 30, 2022 | 606.13 Mn |
| Mar 31, 2022 | 477.43 Mn |
| Dec 31, 2021 | 430.86 Mn |
| Sep 30, 2021 | 4.39 Bn |