Delek US Hlds

Delek US Holdings, Inc. engages in petroleum refining, and the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products. The Logistics segment gathers, transports, and stores crude oil and markets, distributes, transports, and stores refined products. The Retail segment markets gasoline, diesel and other refined petroleum products, and convenience merchandise through a network of company-operated retail fuel and convenience stores. The company was founded in 2001 and is headquartered in Brentwood, TN.

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Delek US reports robust 2022 earnings, explores biofuels and decarbonisation

Delek US delivered strong financial performance in 2022, prioritizing shareholder returns and cost competitiveness. Despite challenges with downtime and negative EBITDA in the corporate segment, strategic initiatives are in place to drive improvements. The company is actively pursuing opportunities in biofuels, decarbonisation, and low carbon fuels to enhance its competitive position.

Delek US Hlds (DK) reports record Q1 earnings and strategic growth plans

Delek US Hlds (DK) showcased robust financial performance in Q1, driven by record EBITDA and strong cash flow from operations
The company is focused on enhancing shareholder value, operational efficiency, and strategic acquisitions while maintaining a balanced approach to debt reduction and buybacks
Challenges include improving safety, optimizing the balance sheet, and providing clarity on RIN expenses, but opportunities exist in asset value addition and operational excellence
Overall, Delek US Hlds (DK) is on a positive trajectory with a clear focus on delivering value to shareholders and ensuring sustainable growth

Delek US reports solid Q2 earnings, eyes renewable energy opportunities

Delek US showcased strong financial performance in Q2 2023, with solid results across its refining, logistics, and retail segments.
While facing challenges in decision-making and operational transparency, the company is well-positioned to capitalize on opportunities in renewable energy and cost-saving initiatives.
Overall, Delek US remains committed to shareholder value, operational excellence, and strategic growth, underlining its resilience and focus on long-term sustainability.

Delek US Hlds (DK) achieves record Q3 performance and targets $100M EBITDA run rate

Delek US Hlds (DK) reported robust financial results in Q3, driven by strong refining and logistics performance. The company's strategic focus on cost efficiency, debt reduction, and operational improvements positions it well for future growth and value creation.

Delek US reports robust Q4 earnings, eyes energy transition opportunities

Delek U.S. delivered strong financial performance in Q4 2023, focusing on operational excellence, cost reduction, and shareholder returns. Strategic initiatives in energy transition and commitment to shareholder value highlight a forward-looking approach.

Delek U.S. reports improved Q1 earnings, navigates market challenges

Delek U.S. Q1 2024 earnings call highlighted improved financial performance, operational strengths, challenges in marketing segments, and opportunities for value enhancement. Company remains focused on safety, financial stability, and operational excellence.

Delek US reports mixed Q2 results, focuses on cost reduction

Delek US navigated a challenging quarter with mixed financial results but demonstrated operational strength and strategic focus.
Cost reduction efforts and strategic transactions provide opportunities for value creation and financial flexibility.
Despite challenges, Delek US's focus on safe operations and shareholder-friendly initiatives bode well for future growth.

Delek US reports $71M adjusted EBITDA in Q3 amidst refining challenges

Delek US navigated a challenging refining margin environment in Q3 2024, reporting adjusted EBITDA of $71 million. The company is strategically focused on operational efficiency, cost reduction, and enhancing shareholder value through dividends and buybacks. Progress has been made on strengthening core operations and improving margins.

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Since a recent peak of around $91 a barrel in early November, the West Texas Intermediate (WTI) crude oil price has dropped by almost 23%.

JP Morgan Analysts Turn Cooler to Oil Refiners

Joseph Israel appointed EVP, Operations Tommy Chavez named SVP, Refining Operations BRENTWOOD, Tenn. , March 24, 2023 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE:DK) today announced changes to its senior leadership team: -  Joseph Israel named Executive Vice President, Operations for Delek US and Delek Logistics effective March 27, 2023.

Delek US Announces Senior Leadership Changes

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Recent gloomy economic conditions are an opportunity to hunt bargains and position your portfolio for market beating future returns. Based on valuation, profitability, and durable demand, the US refining sector is a good place to look for value and solid future returns.

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Delek (DK) plans a $350 million capex and process improvement to achieve an annual run rate of $90-$100 million, possibly through lower costs or better markets.

Delek US Holdings (DK) Q4 Earnings & Revenues Beat Estimates

Delek Logistics Partners

BRENTWOOD, Tenn. , March 10, 2023 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) today announced that 2022 K-1 tax packages are now available through PWC on its website, www.taxpackagessupport.com/deleklogistics.

Delek Logistics Partners, LP 2022 K-1 Tax Packages Available on Website

BRENTWOOD, Tenn. , March 3, 2023 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) "Partnership" today announced that its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 was filed with the U.S. Securities and Exchange Commission on March 1, 2023 and can be viewed on the Partnership's website at www.deleklogistics.com.

Delek Logistics Partners, LP 2022 Form 10-K Available on Website

BRENTWOOD, Tenn. , March 2, 2023 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE:DK) ("Delek" or the "Company") today announced the appointment of Patrick Reilly as Executive Vice President and Chief Commercial Officer effective March 1, 2023.

Delek US Names Patrick Reilly Chief Commercial Officer

Delek US Holdings (DK) delivered earnings and revenue surprises of 7.32% and 14.73%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Delek US Holdings (DK) Tops Q4 Earnings and Revenue Estimates

Fourth Quarter Net loss of $118.7 million for fourth quarter or $1.73 per share Adjusted net income of $60.8 million or $0.88 per share, and Adjusted EBITDA of $220.9 million Returned $104.1 million to shareholders through dividends and share repurchases Refining impacted by unplanned downtime Record contributions from Logistics business Initiated sum of the parts valuation unlock initiative Launched cost reduction and process improvement efforts Full-Year 2022 Delivered $257.1 million of net income and $1,185.8 million of Adjusted EBITDA Returned $236.4 million to shareholders through dividends and share repurchases, $172.4 million in the second half of 2022 Capital spending of $343.1 million, with $152.4 million for growth and $190.7 million for sustaining/regulatory Achieved crude utilization rate of 93 percent in Refining Grew Logistics business through Delek Permian Gathering and acquisition of 3 Bear BRENTWOOD, Tenn. , Feb. 28, 2023 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US", "Company") today announced financial results for its fourth quarter ended December 31, 2022.

Delek US Holdings Reports Fourth Quarter 2022 Results and Raises Quarterly Regular Dividend by $0.01 to $0.22 per share

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BRENTWOOD, Tenn. , Feb. 9, 2023 /PRNewswire/ -- Todd O'Malley, Executive Vice President & Chief Operating Officer of Delek US Holdings (NYSE: DK), and other executive leaders will speak to investors and securities analysts at the Bank of America Securities 2023 Refining Conference on Thursday, March 2, 2023, at 2:00 p.m.

Delek to Speak at Bank of America Securities 2023 Refining Conference

BRENTWOOD, Tenn. , Feb. 7, 2023 /PRNewswire/ -- Avigal Soreq, CEO of Delek US Holdings (NYSE: DK), and other executive leadership team members will participate in a panel discussion at the Raymond James 44th Annual Institutional Investors Conference on Tuesday, March 7, 2023, at 9:15 a.m.

Delek to Speak at Raymond James 44th Annual Institutional Investors Conference

BRENTWOOD, Tenn. , Jan. 30, 2023 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced that the Partnership intends to issue a press release summarizing fourth quarter 2022 results before the U.S. stock market opens on Tuesday, February 28, 2023.

Delek Logistics Partners, LP to Host Fourth Quarter 2022 Conference Call on February 28th

BRENTWOOD, Tenn. , Jan. 30, 2023 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US") today announced that the Company intends to issue a press release summarizing fourth quarter 2022 results before the U.S. stock market opens on Tuesday, February 28, 2023.

Delek US Holdings to Host Fourth Quarter 2022 Conference Call on February 28th

BRENTWOOD, Tenn. , Jan. 23, 2023 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today declared its quarterly cash distribution for the fourth quarter 2022 of $1.02 per common limited partner unit, or $4.08 per common limited partner unit on an annualized basis.

Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.02 per Common Limited Partner Unit

Delek US Holdings, Inc. is a downstream energy company that operates in Texas and the surrounding states. Downstream companies can be useful hedges for portfolios that contain many upstream companies because they benefit from low crude oil prices.

Delek US Holdings: Some Near-Term Concerns But Useful For Diversification

Delek US Holdings (DK) has pegged its consolidated capital budget at $350 million, up 19% from the midpoint of its 2022 guidance.

Where Will Delek (DK) Spend the Bulk of Its 2023 Capex?

Company discloses new environmental metric and announces new diversity goal  BRENTWOOD, Tenn. , Jan. 5, 2023 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek") has issued its 2021-2022 Sustainability Report, reflecting the progress made in the company's environmental, social and governance (ESG) journey over the last year.

Delek Releases 2021-2022 Sustainability Report

BRENTWOOD, Tenn. , Jan. 4, 2023 /PRNewswire/ -- Today Delek US Holdings, Inc. (NYSE: DK) announced the 2023 capital spending budget of approximately $350 million on a consolidated basis.

Delek US Announces 2023 Capital Program

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Why Delek US Holdings (DK) is a Top Value Stock for the Long-Term

BRENTWOOD, Tenn. , Dec. 12, 2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek") and Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced that Rosy Zuklic has joined as Vice President of Investor Relations and Market Intelligence.

Delek US and Delek Logistics Name Rosy Zuklic Vice President of Investor Relations

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Delek US Holdings (DK) hikes the regular dividend. The company's shares rise 2% despite third-quarter earnings missing estimates.

News for Delek US Hlds Stock (DK)