Company Overview - Delek US Holdings (DK) is expected to report a year-over-year decline in earnings due to lower revenues, with a projected quarterly loss of $1.75 per share, reflecting a change of -326.8% [3][12] - Revenues are anticipated to be $2.43 billion, down 24.6% from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for May 7, 2025, and could influence stock movement based on whether actual results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised 3.55% higher in the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP for Delek US Holdings is +18.05%, suggesting a likelihood of beating the consensus EPS estimate [11] - The company has a Zacks Rank of 3, indicating a hold position, which combined with the positive Earnings ESP suggests a potential earnings beat [11] Historical Performance - In the last reported quarter, Delek US Holdings was expected to post a loss of $2.89 per share but actually reported a loss of $2.54, resulting in a surprise of +12.11% [12] - The company has successfully beaten consensus EPS estimates in the last four quarters [13] Industry Context - Marathon Petroleum (MPC), a peer in the oil and gas refining and marketing industry, is expected to report earnings per share of $0.63 for the same quarter, reflecting a year-over-year change of -122.7% [17] - Marathon Petroleum's revenues are projected to be $30.09 billion, down 9.4% from the previous year [17]

Group 1: Trade and Market Impact - Investors showed relief on April 22 due to signs of easing trade tensions, with hints from President Trump and Treasury Secretary Scott Bessent about potential reductions in the 145% tariffs on Chinese goods [1] - The positive developments regarding tariffs have led to a bullish market trend since April 22, with expectations of further gains as more tariff-related good news is anticipated [2] Group 2: Stock Screening and Recommendations - A screening process has been designed to identify stocks based on improving broker recommendations and upward revisions in earnings estimates over the past four weeks, incorporating the price/sales ratio as a complementary valuation metric [3] - The screening criteria include a net upgrade in ratings, percentage change in earnings estimates, price-to-sales ratio, stock price above $5, average daily volume over 100,000 shares, and market capitalization in the top 3000 [4][5] Group 3: Featured Stocks - Avis Budget operates as a leading vehicle rental operator with a fleet of nearly 695,000 vehicles, benefiting from strong demand in North America [6] - ABM Industries provides integrated facility solutions and has a strong earnings surprise history, with an average beat of 9.6% over the last four quarters [7] - CVR Energy focuses on renewable energy and petroleum refining, committed to developing renewable biofuels [9] - Delek US Holdings is an independent refiner with significant competitive advantages in the Permian Basin, achieving an average earnings beat of 22.3% [10][11] - Asbury Automotive Group's diversified product mix and e-commerce platform, Clicklane, are driving growth and improving its risk profile [11][12]

Core Insights - Delek US Holdings, Inc. (DK) is a significant player in the U.S. downstream energy sector, focusing on refining and logistics, converting crude oil into essential fuels and managing their transportation and storage [1][2] - The stock has experienced volatility due to fluctuating refining margins, crude oil prices, and industry dynamics, leading to mixed investor sentiment regarding long-term gains versus short-term challenges [1][2] Business Model and Operations - DK operates a diversified business model, engaging in both refining and logistics, which provides stability even when one segment faces challenges [3] - The company runs four strategically located refineries with a total capacity of 302,000 barrels per day, benefiting from strong refining margins, particularly in the Mid-Continent and Gulf Coast regions [4] - DK's operations in the Permian Basin allow it to source crude oil at lower prices, reducing refining costs and enhancing profitability [5] - Investments in refining equipment are aimed at improving operations, lowering costs, and enhancing fuel quality, making DK's facilities more competitive [6] Challenges and Competitive Landscape - DK faces risks related to supply disruptions, which could impact production and financial performance [7] - Dependence on crude production from the Permian Basin poses a risk; any slowdown could increase feedstock costs and diminish competitive advantages [8] - Increasing competition from larger refiners with better economies of scale and financial resources could impact DK's market share and profitability [9] - DK's share price has underperformed compared to peers, losing 18.5% over the last three months, while the overall oil and gas sector increased by 3.9% [10] Summary of Performance - Despite a strong and diversified business model, DK faces several challenges, including potential supply disruptions, competition, and reliance on the Permian Basin for crude supply [14][15] - The recent underperformance compared to peers raises concerns among shareholders regarding the company's growth and investment value [10][15]

A month has gone by since the last earnings report for Delek US Holdings (DK) . Shares have added about 6.1% in that time frame, outperforming 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 its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It ...

Delek US Holdings, Inc. (DK) reported a fourth-quarter 2024 adjusted net loss of $2.45 per share, narrower than the Zacks Consensus Estimate of a loss of $2.89, owing to lower year-over-year operating costs. The figure was wider than the year-ago quarter’s loss of $1.46 per share. The loss was due to the Refining segment's weak year-on-year contributions.Net revenues decreased 39.8% year over year to $2.4 billion.  The figure also missed the Zacks Consensus Estimate by $176 million.Find the latest EPS estim ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 18 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 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 | | --- | --- | --- | ...

For the quarter ended December 2024, Delek US Holdings (DK) reported revenue of $2.37 billion, down 41.4% over the same period last year. EPS came in at -$2.54, compared to -$1.46 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.55 billion, representing a surprise of -6.92%. The company delivered an EPS surprise of +12.11%, with the consensus EPS estimate being -$2.89.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

Exhibit 99.2 Fourth Quarter 2024 Earnings Conference Call February 25, 2025 2 Big Spring Refinery, Big Spring, TX El Dorado Refinery, El Dorado AR Overview • EOP & SOTP efforts • Operations: Another Safe and Reliable Quarter ◦ Successfully completed KSR Turnaround in 4Q'24 ◦ Further progress towards Midstream deconsolidation ◦ Working on additional deconsolidation options ◦ Original cost reductions (ZBB) exceeding $100mm target ◦ On track to achieve upper-end of $80 - $120mm cash flow improvement through en ...

Financial Data and Key Metrics Changes - Delek Logistics reported approximately $107 million in quarterly adjusted EBITDA, an increase from $100.9 million in the same period of 2023, representing a growth of about 1.3% [6][16] - Distributable cash flow as adjusted was $69.5 million, with a DCF coverage ratio of approximately 1.2 times, expected to return to a long-term objective of 1.3 times in the second half of 2025 [16][11] - The company initiated a strong 2025 EBITDA guidance of $480 to $520 million, indicating around 20% growth over 2024 adjusted EBITDA [11][12] Business Line Data and Key Metrics Changes - In the gathering and processing segment, adjusted EBITDA for the quarter was $66 million, up from $53.3 million in Q4 2023, driven by higher throughput from Permian Basin assets [17] - Wholesale marketing and terminalling adjusted EBITDA decreased to $21.2 million from $28.4 million in the prior year, primarily due to lower wholesale margins [18] - Storage and transportation adjusted EBITDA increased slightly to $17.8 million compared to $17.5 million in Q4 2023, attributed to higher storage and transportation rates [18] - Investments in pipeline joint ventures contributed $11.3 million this quarter, up from $8.5 million in Q4 2023, mainly due to contributions from the Wink to Webster drop down [19] Market Data and Key Metrics Changes - The company emphasized its strong position in the Permian Basin and highlighted the successful acquisitions in the Midland Basin, which enhance its competitive position [9][10] - The expansion of the processing plant in the Delaware Basin is on track to complete in the first half of 2025, which is expected to further strengthen market presence [10] Company Strategy and Development Direction - Delek US Holdings is focused on becoming a premier full-service crude, natural gas, and water provider in the Permian Basin, with plans for continued growth in 2025 [7] - The company is enhancing its economic separation from Delek US Holdings, with a $150 million buyback program authorized to enhance value for unit holders [12][13] - The board approved the 48th consecutive increase in the quarterly distribution to $1.10 per unit, reflecting a commitment to value creation [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the guidance provided, highlighting the company's growth trajectory and the importance of economic separation from its sponsor [27][32] - The management noted strong demand in the Delaware area and the comprehensive offering of crude, gas, and water as key factors driving future growth [44] Other Important Information - The capital program for Q4 was $49.4 million, with $42.1 million allocated to the new gas processing plant and the remainder for growth projects [20] - For 2025, the company expects to spend approximately $75 million on completing the Lindy processing plant expansion and about $160 million on growth and maintenance projects [20] Q&A Session Summary Question: EBITDA guidance and high-end drivers - Management acknowledged the conservative guidance and discussed the potential drivers for the high end of the EBITDA range, emphasizing the company's growth and economic separation efforts [25][26] Question: Buyback program execution and funding - Management indicated that the buyback program would be executed over two years, with funding likely from free cash flow, considering the cost of capital advantages [29][33] Question: Drivers of EBITDA upside potential - Management highlighted several transactions, including the Gravity and H2O deals, as well as the Lindy plant expansion, contributing to the positive EBITDA outlook [39][40] Question: Demand and utilization of key assets - Management confirmed strong demand for assets in the Delaware area and the strategic expansion in the Midland Basin, which is expected to yield positive results [42][44]

Delek US Holdings (DK) came out with a quarterly loss of $2.54 per share versus the Zacks Consensus Estimate of a loss of $2.89. This compares to loss of $1.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.11%. A quarter ago, it was expected that this refinery operator would post a loss of $1.71 per share when it actually produced a loss of $1.45, delivering a surprise of 15.20%.Over the last four quarters, the company ha ...