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 ...

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 ...

It has been about a month since the last earnings report for Delek US Holdings (DK) . Shares have lost about 9.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Delek US Holdings due for a breakout? 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 catalysts. Delek Q1 Loss Narrower Than Expec ...

Core Insights - Delek US Holdings, Inc. reported a first-quarter 2024 adjusted net loss of 41 cents per share, which was better than the Zacks Consensus Estimate of a loss of 56 cents per share, but a decline from a profit of $1.37 per share in the same quarter last year, primarily due to weak contributions from the Refining segment [1][2] Financial Performance - Net revenues decreased by 17.7% year over year to $3.2 billion, missing the consensus estimate of $3.6 billion [2] - Adjusted EBITDA for the quarter was $158.7 million, down from $284.6 million in the prior year [2] - Total operating expenses decreased by approximately 15.5% year over year to $3.2 billion [8] Segmental Performances - **Refining**: Adjusted EBITDA was $106.1 million, down from $192.1 million in the prior-year quarter, attributed to a 22.2% decline in benchmark crack spreads [3] - **Logistics**: Adjusted EBITDA increased to $99.7 million from $91.4 million year over year, although it missed projections [5] - **Retail**: Adjusted EBITDA was $6.5 million, slightly up from $6.4 million in the previous year, but below expectations; merchandise sales declined to $70.7 million from $73.9 million [6] Dividend and Capital Expenditures - The board approved a 2% increase in regular dividends, raising the quarterly payout to 25 cents per share, paid on May 24, 2024 [2] - For full-year 2024, capital expenditures are expected to be approximately $330 million, with allocations of $220 million for Refining, $70 million for Logistics, $15 million for Retail, and $25 million for Corporate/Other [9] Guidance - For the second quarter, the company anticipates operating costs between $215-$225 million, general and administrative expenses of $60-$65 million, and depreciation and amortization costs between $90 million and $95 million [10] - Projected total crude throughput is between 287,000-300,000 barrels per day [10]