Delek US Holdings, Inc.
38.21+0.80 (+2.14%)
Oct 29, 4:00:02 PM EDT · NYSE · DK · USD
Key Stats
Market Cap
2.30BP/E (TTM)
-Basic EPS (TTM)
-13.25Dividend Yield
0.03%Recent Filings
10-Q
Q2 FY2025 results
Delek US Holdings posted Q2 FY2025 net revenues of $2.8B, down 16% y/y from $3.3B, as refining prices softened amid lower crude costs, yet refining margins climbed 52% y/y to $238M on 11% wider crack spreads. Operating loss narrowed to $33.5M from a slim $4.6M profit, while diluted EPS held at -$1.76 despite share repurchases; YTD, revenues fell 16% to $5.4B with a $159M operating loss versus $34M profit, and EPS at -$4.55 (derived from 61.3M shares). Logistics shone, adding Gravity Acquisition contributions with $90M EBITDA, up from biodiesel idling last year, while cash dipped to $616M on $477M capex including $302M growth. Debt rose to $3.1B post-$700M notes issuance, but $1.8B revolver availability bolsters liquidity. Gravity closed January 2025 for $300.8M (cash/units), recognizing $192.8M PP&E and $99.5M intangibles (10-25 years amortization). Volatility in RINs pricing pressures margins.
8-K
Delek Q2 loss narrows adjusted
Delek US Holdings reported a Q2 2025 net loss of $106.4 million, or $(1.76) per share, yet adjusted EBITDA climbed to $170.2 million, fueled by refining margins up 11.4% on wider crack spreads and logistics gains from recent acquisitions. The Enterprise Optimization Plan hit $120 million in run-rate cash flow improvements early, now targeting $130-170 million annually, while Delek Logistics commissioned its Libby 2 plant and issued $700 million in debt maturing 2033. EOP boosts free cash flow, but restructuring costs weigh on near-term profits.
8-K
Delek declares $0.255 dividend
Delek US Holdings announced a quarterly dividend of $0.255 per share on July 30, 2025, payable August 18 to shareholders of record on August 11. This payout underscores steady cash flow from its refining and logistics operations, yet forward-looking statements warn of risks that could alter future distributions. Board approval signals confidence.
8-K
Delek Q1 loss amid refining slump
Delek US Holdings posted a Q1 2025 net loss of $172.7 million, or $(2.78) per share, with adjusted EBITDA of $26.5 million, hammered by refining's $27.4 million loss from 29.8% lower crack spreads, while logistics surged to $116.5 million on acquisitions like Gravity Water Midstream closed January 2. New intercompany deals boost liquidity by $250 million and lift DKL's third-party EBITDA to 80% pro forma, advancing deconsolidation. Enterprise Optimization Plan targets $120 million cash flow gains by 2H 2025. Refining margins remain volatile.
10-Q
Q1 FY2025 results
Delek US Holdings swung to a net loss of $172.7 million in Q1 FY2025 ended March 31, 2025, from a $32.6 million loss y/y, driven by refining weakness as revenues fell 15.5% to $2.6 billion (derived) amid 26.5% lower 5-3-2 crack spreads and 7.2% cheaper WTI crude, yielding a 48.8% refining margin drop to $137.4 million. Logistics held steady with $85.5 million EBITDA, up from acquisitions including Gravity's $300.8 million close in January for $209.3 million cash and 2.2 million units, recognizing $82.6 million intangibles amortized over 10-25 years. Operating cash flow turned negative at $(62.1) million from $160.9 million y/y, with free cash flow not disclosed in the 10-Q; cash dipped to $623.8 million while long-term debt rose to $3.0 billion, revolver availability at $717.0 million. Yet acquisitions bolster midstream diversification. Commodity volatility remains a key risk.
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