Total Refined Product Revenues was HF Sinclair’s largest product and service line in fiscal 2025, bringing in $9.00B of $14.62B (62%).
| Product and Service | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Total Refined Product Revenues | $14.10B | $10.76B | $9.71B | $9.00B | |
| Refined Product | — | — | — | — | |
| Lubricants & Specialty Products | $2.83B | $2.52B | $2.43B | $2.31B | |
| Specialty Lubricant Products | — | — | — | — | |
| Excess Crude Oil Revenues | $2.34B | $2.15B | $1.57B | $1.34B | |
| Asphalt, Fuel Oil & Other Products | $2.15B | $2.17B | $1.93B | $1.43B | |
| Rin | — | — | — | $430.00M | |
| Other Revenues | $529.00M | $429.00M | $307.00M | — | |
| Transportation & Logistic Services | $109.00M | $118.00M | $107.00M | $121.00M | |
| Total | $22.05B | $18.14B | $16.06B | $14.62B |
HF Sinclair brought in $14.62B from its six product and service lines in fiscal 2025, the year ended December 31, 2025. That is less than the $27.84B it reports by segment, so these lines do not cover all of its revenue. Total Refined Product Revenues was the largest at $9.00B (61.6%), ahead of Lubricants & Specialty Products at $2.31B (15.8%) and Asphalt, Fuel Oil & Other Products at $1.43B (9.8%). The other three lines brought in $1.89B combined.
Compared with fiscal 2024, every line above 2% of revenue shrank. Lubricants & Specialty Products held up best, down 5.0% to $2.31B, and Asphalt, Fuel Oil & Other Products fell the most, down 26.2% to $1.43B. Some of that change comes from HF Sinclair regrouping its lines.
HF Sinclair began breaking out Rin in fiscal 2025, when it brought in $430.00M. HF Sinclair stopped reporting Other Revenues as a separate line after fiscal 2024, when it brought in $307.00M.
Refining was HF Sinclair’s largest segment in fiscal 2025, bringing in $20.54B of $27.84B (74%).
| Segment | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Refining | $30.38B | $24.16B | $25.34B | $20.54B | ||
| Marketing | $3.91B | $4.15B | $3.43B | $3.14B | ||
| Lubricants Specialties | $3.16B | $2.78B | $2.70B | $2.53B | ||
| Renewables | $1.02B | $1.19B | $991.00M | $991.00M | ||
| Midstream | $540.00M | $584.00M | $644.00M | $643.00M | ||
| Hep | — | — | — | — | ||
| Lubricants & Specialty Products | — | — | — | — | ||
| Corporate & Other | — | — | — | — | ||
| Total | $39.01B | $32.85B | $33.10B | $27.84B |
HF Sinclair brought in $27.84B from its five segments in fiscal 2025, the year ended December 31, 2025. That was down 15.9% from $33.10B in fiscal 2024. Refining was the largest at $20.54B (73.8%), ahead of Marketing at $3.14B (11.3%) and Lubricants Specialties at $2.53B (9.1%). The other two segments brought in $1.63B combined.
Compared with fiscal 2024, Renewables grew fastest, up 0.0% to $991.00M, while Refining fell the most, down 19.0% to $20.54B. From fiscal 2022 to 2025, combined revenue from these segments fell from $39.01B to $27.84B, a compound annual decline of 10.6%. Refining's share of the total fell from 77.9% to 73.8%.
HF Sinclair (DINO) reports its revenue by product and service and by segment. In fiscal 2025, Total Refined Product Revenues was its largest product and service line, bringing in $9.00B (61.6% of the total), followed by Lubricants & Specialty Products at $2.31B (15.8%).
Total Refined Product Revenues was HF Sinclair's largest product and service line in fiscal 2025, bringing in $9.00B, or 61.6% of the $14.62B total across its six product and service lines.
Refining was HF Sinclair's largest segment in fiscal 2025, bringing in $20.54B, or 73.8% of the $27.84B total across its five segments.
Every figure comes from HF Sinclair's annual financial filings, as reported. Each line keeps the name HF Sinclair gives it, and years follow its fiscal calendar.
HF Sinclair's revenue by product and service goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.