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 ...

Group 1: Company Overview - Delek US Holdings (DK) has announced a $400 million increase in its share buyback authorization, bringing the total available mandate to $562 million [1] - The company has cash reserves exceeding $650 million, which supports its buyback program [3] - Delek also returns cash to shareholders through dividends, currently yielding an attractive 5% [3] Group 2: Share Buyback Mechanism - A share buyback reduces the number of outstanding shares, potentially increasing the value of remaining shares and boosting earnings per share (EPS) [2] - This practice has become a preferred method for returning cash to shareholders, often indicating management's belief that the stock is undervalued [2] Group 3: Market Position and Comparisons - Delek currently holds a Zacks Rank of 3 (Hold) [4] - In the Oil/Energy sector, other operators like Core Laboratories (CLB) and Nine Energy Service (NINE) are also mentioned, with CLB holding a Zacks Rank of 2 [4] - Core Laboratories has an expected EPS growth rate of 22.2% over three to five years, compared to the industry's growth rate of 14.5% [5] - Nine Energy Service has seen a 10.3% increase in the Zacks Consensus Estimate for 2024 over the past 60 days [6]

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 ...

Core Insights - Delek US Holdings reported a quarterly loss of $0.92 per share, which was better than the Zacks Consensus Estimate of a loss of $1.42, representing an earnings surprise of 35.21% [1] - The company posted revenues of $3.42 billion for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 11.49%, but down from $4.2 billion year-over-year [2] - The stock has underperformed the market, losing about 15.8% since the beginning of the year compared to the S&P 500's gain of 8.7% [3] Company Performance - Over the last four quarters, Delek US Holdings has surpassed consensus EPS estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is -$0.17 on revenues of $3.15 billion, and for the current fiscal year, it is -$2.83 on revenues of $12.34 billion [7] Industry Context - The Oil and Gas - Refining and Marketing industry is currently ranked in the bottom 11% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

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 ...