Diversified downstream energy company Delek US Holdings (DK) recently announced a $400 million increase in its share buyback authorization that takes the company's total available mandate to $562 million. A share buyback, also known as a stock repurchase, occurs when a company buys back its own shares from the marketplace. This practice reduces the number of outstanding shares, which can increase the value of remaining shares and boost earnings per share (EPS). Over recent decades, share buybacks have becom ...

Delek US Holdings, Inc. (DK) reported second-quarter 2024 adjusted net loss of 92 cents per share, narrower than the Zacks Consensus Estimate of a loss of $1.42, owing to lower year-over-year operating costs. However, the figure deteriorated from the year-ago quarter's profit of $1 per share. The loss was due to the Refining and Retail segment's weak year-on-year contributions. Net revenues decreased 18.4% year over year to $3.4 billion. However, the figure beat the Zacks Consensus Estimate of $3.1 billion, ...

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 June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38142 DELEK US HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 35-2581557 (State or other jurisdic ...

Delek US Holdings, Inc. (NYSE:DK) Q2 2024 Earnings Conference Call August 6, 2024 12:00 PM ET Company Participants Robert Wright - Deputy Chief Financial Officer Avigal Soreq - President & Chief Executive Officer Joseph Israel - Executive Vice President-Operations Reuven Spiegel - Executive Vice President & Chief Financial Officer Mark Hobbs - Executive Vice President-Corporate Development Conference Call Participants Manav Gupta - UBS Joe Leach - Morgan Stanley Neil Mehta - Goldman Sachs Matthew Blair - TP ...

Exhibit 99.2 Second Quarter 2024 Earnings Conference Call August 6, 2024 Forward Looking Statements: Delek US Holdings, Inc. ("Delek US") and Delek Logistics Partners, LP ("Delek Logistics"; and collectively with Delek US, "we" or "our") are traded on the New York Stock Exchange in the United States under the symbols "DK" and "DKL", respectively. These slides and any accompanying oral or written presentations contain forward-looking statements within the meaning of federal securities laws that are based upo ...

Delek US Holdings (DK) came out with a quarterly loss of $0.92 per share versus the Zacks Consensus Estimate of a loss of $1.42. This compares to earnings of $1 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 35.21%. A quarter ago, it was expected that this refinery operator would post a loss of $0.56 per share when it actually produced a loss of $0.41, delivering a surprise of 26.79%. Over the last four quarters, the company ...

Exhibit 99.1 Delek US Holdings Reports Second Quarter 2024 Results • Net loss of $37.2 million or $(0.58) per share, adjusted net loss of $59.3 million or $(0.92) per share, adjusted EBITDA of $107.5 million • Since the end of 1Q' 2024, we have successfully progressed our SOTP strategy: Delek US (DK): ◦ Entered into an agreement to sell our retail assets for $385 million ◦ Signed a fuel supply agreement with FEMSA for ten years Delek Logistics (DKL): ◦ DK & DKL agreed to amend and extend intercompany contra ...

MONTERREY, Mexico, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA" or the "Company") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that it has entered into definitive agreements with Delek US Holdings, Inc. ("Delek") (NYSE: DK), to acquire Delek's retail operations, consisting of 249 convenience stores located mainly in Texas, for a total amount of US$385 million dollars on a cash-free, debt-free basis, including the purchase of inventories. Delek's Retail Assets ...

On Wall Street, analyst downgrades often trigger alarm bells, leading to short-term declines in the share price of such downgraded stocks. Yet many investors regard those analyst downgrades as potential long-term stocks to buy. In fact, a 2012 study involving 11,000 global analysts revealed surprisingly low accuracy rates for target prices. Analysts were correct only 30% of the time with 12-month targets and a mere 18% with short-term forecasts. In other words, downgrades frequently lead to a shift in the s ...

Oil prices have trended lower over the past three weeks due to concerns over demand and the perception that geopolitical risks to crude supplies are ebbing. The stock has been in breakneck mode over the past 12 months, notching up a series of all-time highs. That said, MPC has now dipped -3% year to date and fallen more than 21% from its 52-week highs of $221.11 in early April. As a result, several previously high-performing stocks have been caught up in this sell-off. However, now may be a good time to sta ...