Delek US Holdings, Inc. (DK) has evolved significantly since the 2017 acquisition of Alon USA Energy, positioning itself as a Permian-focused, diversified downstream energy company. This strategic shift has opened up opportunities for earnings growth, particularly as 70% of Delek’s refining capacity benefits from lower Permian pricing.Let us explore the key drivers currently supporting Delek stock, as well as the risks that could affect its performance. Factors Favoring DK StockStrategic Focus on Deconsolid ...

The small independent refiner, Delek US Holdings (NYSE: DK ), hereon referred to as “Delek” or “the parent company”, endured a wild ride across the last half-decade with refining margins crashing during the COVID-19 pandemic, before subsequently surging following the onset ofAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my ow ...

Delek US Holdings, Inc. (DK) reported a third-quarter 2024 adjusted net loss of $1.45 per share, narrower than the Zacks Consensus Estimate of a loss of $1.71, owing to lower year-over-year operating costs. The figure also deteriorated from the year-ago quarter’s profit of $2.02 per share. The loss was due to the Refining segment's weak year-on-year contributions.Net revenues decreased 35.9% year over year to $3 billion. The figure also missed the Zacks Consensus Estimate by $48 million.The diversified down ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or | --- | --- | --- | |----------------------------------------------------------------|--------------------------------------------------------|--------------------------------------| | | | | | For the transition period from to | | | | | Commission file number 001-38142 | | | ...

Delek US Holdings, Inc. (NYSE:DK) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Robert Wright - Deputy Chief Financial Officer Avigal Soreq - President and Chief Executive Officer Joseph Israel - Executive Vice President, Operations Mark Hobbs - Executive Vice President, Corporate Development Mohit Bhardwaj - Senior Vice President, Strategy and Growth Conference Call Participants Neil Mehta - Goldman Sachs Manav Gupta - UBS Matthew Blair - TPH Joe Leach - Morgan Stanley ...

Delek US Holdings (DK) came out with a quarterly loss of $1.45 per share versus the Zacks Consensus Estimate of a loss of $1.71. This compares to earnings of $2.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.20%. A quarter ago, it was expected that this refinery operator would post a loss of $1.42 per share when it actually produced a loss of $0.92, delivering a surprise of 35.21%.Over the last four quarters, the compan ...

Exhibit 99.1 Delek US Holdings Reports Third Quarter 2024 Results • Net loss of $76.8 million or $(1.20) per share, adjusted net loss of $93.0 million or $(1.45) per share, adjusted EBITDA of $70.6 million • During 3Q' 2024, we successfully closed previously announced transactions to further our SOTP strategy: ◦ Sold our retail assets for proceeds of $390 million ◦ DK & Delek Logistics(DKL) executed the intercompany amendments and extensions ◦ Completed the drop-down of Wink to Webster ("W2W") pipeline into ...

The market expects Delek US Holdings (DK) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 6, 2024, might help the stock move higher if these key numb ...

Delek US Holdings, Inc. (DK) , a U.S.-based oil and gas refining and marketing company, recently announced that its subsidiary, Delek Logistics Partners, LP (DKL) , completed the acquisition of H2O Midstream, a portfolio company of EIV Capital, LLC. This acquisition, valued at $230 million, includes $160 million in cash and $70 million in convertible preferred redeemable equity. The transaction was funded through a combination of cash and debt financing, a strategic move aimed at strengthening DK's core mid ...

It has been about a month since the last earnings report for Delek US Holdings (DK) . Shares have added about 1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Delek US Holdings due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Delek Q2 Loss Narrower Than Expected ...