Delek Q3 Loss Narrower Than Expected, Revenues Lag Estimates

Delek US Holdings, Inc. (DK) reported a third-quarter 2024 adjusted net loss of $1.45 per share, narrower than the Zacks Consensus Estimate of a loss of $1.71, owing to lower year-over-year operating costs. The figure also deteriorated from the year-ago quarter’s profit of $2.02 per share. The loss was due to the Refining segment's weak year-on-year contributions.Net revenues decreased 35.9% year over year to $3 billion. The figure also missed the Zacks Consensus Estimate by $48 million.The diversified down ...