Delek (DK) Q2 Loss Narrower Than Expected, Sales Decline Y/Y

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, ...