Key Takeaways DK aims for $120 million in annual cash flow gains by late 2025 through its Enterprise Optimization Plan. Midstream deconsolidation has improved liquidity by $250 million and could unlock hidden value in DKL. DK bought back $32 million in shares and paid $16 million in dividends despite Q1 margin pressures. Delek US Holdings, Inc. (DK) operates as a prominent entity within America’s downstream energy landscape, focusing on both refining and logistics. The company transforms crude oil into cr ...