Crack Spread
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Top small-cap plays for 2026
CNBC Televisionยท 2025-11-25 18:24
It is a Russell kind of day. We were just talking about that. And how perfect that Jeffre is out today with a list of 17 buy rated names that should see earnings and sales acceleration in 2026.Valero is one of them, Josh. That's on the best stocks list, isn't it. >> Yeah.So, these companies are benefiting from the fact that the the the feed stock, the the price of oil remains low, but demand for gasoline and other distillates remains high. So that's called the crack spread and that spread has opened wide. I ...
Delek US(DK) - 2017 Q4 - Earnings Call Presentation
2025-06-26 13:13
Financial Performance & Shareholder Returns - Delek US Holdings' market capitalization was $2.9 billion as of February 23, 2018 [5] - The company repurchased $118.8 million of stock from November 2017 to February 23, 2018 and approved a new $150 million authorization [5] - The regular quarterly dividend was increased by 33% to $0.20 per share from $0.15 per share [5] - Delek US had $931.8 million in cash and $1,465.6 million in debt as of December 31, 2017 [5] Strategic Initiatives & Synergies - The acquisition of Alon USA Energy closed on July 1, 2017, to purchase the remaining 53% [5] - The purchase of the remaining 18.4% of Alon USA Energy Partners LP units closed on February 7, 2018 [5] - The company expects to achieve run-rate synergies of approximately $105-$120 million in 2018 from the DK/ALJ combination, increased from the original target of $85-$105 million [39] - As of December 31, 2017, $89 million of annualized synergies had been captured [39] Logistics & Asset Optimization - The Big Spring Logistics assets dropdown to DKL is expected to close in March 2018, with an expected annualized EBITDA of $40.2 million [64, 65] - The Paline Pipeline expansion was completed in early March 2018, increasing capacity to 42,000 bpd from 35,000 bpd, with an $8 million estimated annualized EBITDA uplift [64] - A definitive agreement to sell West Coast terminals for $75 million in cash was announced on February 12, 2018 [8, 55]