For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.

FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.

What if you'd invested in HF Sinclair (DINO) ten years ago? It may not have been easy to hold on to DINO for all that time, but if you did, how much would your investment be worth today?

HF Sinclair's Business In-Depth

With that in mind, let's take a look at HF Sinclair's main business drivers.

HF Sinclair Corporation is an independent energy company producing and marketing gasoline, diesel, jet fuel, renewable diesel, lubricants and specialty products. Incorporated in Delaware in 1947 and headquartered in Dallas, TX, it operates refineries in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah. DINO also provides transportation, terminalling and storage services to its refineries and third parties.

The company reports five segments: Refining, Renewables, Marketing, Lubricants & Specialties, and Midstream. In 2025, consolidated sales and other revenues were $26.9 billion, down from $28.6 billion in 2024. No single customer represented more than 10% of revenues in 2025.

Refining includes the El Dorado, Tulsa, Navajo, Woods Cross, Puget Sound, Parco and Casper refineries and Asphalt. The segment accounted for about 76.4% of 2025 revenue and covers crude procurement, conversion and wholesale marketing.

Renewables includes renewable diesel and pretreatment units at Cheyenne, Artesia and Sinclair. Renewable diesel is sold into transportation fuel markets. The segment contributed about 2.1% of 2025 revenue.

Marketing includes branded fuel sales and Sinclair brand licensing and provides a retail channel across branded and licensed locations. The segment contributed about 11.7% of 2025 revenue. In February 2026, HF Sinclair formed Green Trail Fuels, a joint venture in which it holds a 50% non-operating economic interest. The venture includes retail sites in Colorado and New Mexico.

Lubricants & Specialties includes Petro-Canada Lubricants, Sonneborn, Red Giant Oil and Tulsa specialty production. The segment sells base oils, white oils, waxes, specialty fluids and finished lubricants globally and contributed about 9.4% of 2025 revenue.

Midstream includes pipelines, terminals, tankage and loading racks, including former Holly Energy Partners operations. It contributed about 0.5% of 2025 revenue.

The company plans to separate Lubricants & Specialties into an independent public company, with completion targeted for the second half of 2027.

Bottom Line

Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in HF Sinclair, ten years ago, you're likely feeling pretty good about your investment today.

A $1000 investment made in August 2016 would be worth $3,591.14, or a gain of 259.11%, as of August 24, 2026, according to our calculations. This return excludes dividends but includes price appreciation.

In comparison, the S&P 500's gained 251.49% and the price of gold went up 231.37% over the same time frame.

Looking ahead, analysts are expecting more upside for DINO.

HF Sinclair's investment case is supported by favorable refining fundamentals, a flexible regional asset base and projects that can improve margin capture through the cycle. Tight product supply and low inventories are supporting gasoline and distillate economics, while the El Dorado vacuum furnace and Go-West initiatives should expand feedstock and logistics flexibility. Renewables provide another earnings stream as higher credit values, tax benefits and volumes support profitability. The planned Lubricants & Specialties separation could sharpen strategic focus and lower capital intensity, while retirement of the Mississauga refining assets may reduce exposure to volatile base oil cracks. Cash generation, share repurchases and a higher dividend support shareholder returns and reinforce the Outperform investment case.

Over the past four weeks, shares have rallied 10.22%, and there have been 4 higher earnings estimate revisions in the past two months for fiscal 2026 compared to none lower. The consensus estimate has moved up as well.

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HF Sinclair Corporation (DINO): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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