Delek US Holdings Approves a $400 Million Increase in Its Share Repurchase Authorization
Delek US Holdings (NYSE: DK) has announced a significant increase in its share repurchase authorization. The company's Board of Directors approved a $400 million increase, bringing the total available for repurchases to approximately $562 million. This move underscores Delek's commitment to generating value for shareholders and delivering increased cash returns.
Avigal Soreq, President and CEO of Delek US, emphasized the company's view that there is substantial value in its equity. Subject to market conditions, Delek plans to continue using share buybacks as a means to return incremental value to shareholders. This enhanced authorization reflects the company's confidence in its financial position and future prospects.
Delek US Holdings (NYSE: DK) ha annunciato un significativo aumento della sua autorizzazione per il riacquisto di azioni. Il Consiglio di Amministrazione della società ha approvato un incremento di $400 milioni, portando il totale disponibile per i riacquisti a circa $562 milioni. Questa mossa sottolinea l'impegno di Delek a generare valore per gli azionisti e a fornire un aumento dei ritorni in contante.
Avigal Soreq, Presidente e CEO di Delek US, ha enfatizzato la visione della società secondo cui esiste un notevole valore nel suo capitale. Soggetto a condizioni di mercato, Delek prevede di continuare a utilizzare il riacquisto di azioni come mezzo per restituire valore incrementale agli azionisti. Questa autorizzazione potenziata riflette la fiducia della società nella sua posizione finanziaria e nelle prospettive future.
Delek US Holdings (NYSE: DK) ha anunciado un aumento significativo en su autorización de recompra de acciones. La Junta Directiva de la compañía aprobó un incremento de $400 millones, llevando el total disponible para recompra a aproximadamente $562 millones. Esta medida subraya el compromiso de Delek de generar valor para los accionistas y proporcionar mayores retornos en efectivo.
Avigal Soreq, Presidente y CEO de Delek US, enfatizó la perspectiva de la compañía de que hay un valor sustancial en su capital. Sujeto a las condiciones del mercado, Delek planea continuar utilizando la recompra de acciones como un medio para devolver valor incremental a los accionistas. Esta autorización ampliada refleja la confianza de la compañía en su posición financiera y en sus perspectivas futuras.
Delek US Holdings (NYSE: DK)는 자사 주식 재매입 권한을 크게 증가시키는 것을 발표했습니다. 회사의 이사회는 $400 백만의 증가를 승인하여 재매입을 위한 총액을 약 $562 백만으로 만들었습니다. 이 조치는 Delek이 주주에게 가치를 창출하고 증가된 현금 수익을 제공하는 데 헌신하고 있음을 강조합니다.
Delek US의 회장 겸 CEO인 Avigal Soreq는 회사가 자사의 자본에 상당한 가치가 있다고 보는 시각을 강조했습니다. 시장 상황에 따라 Delek은 주식 매입을 통해 주주에게 추가 가치를 돌려줄 계획입니다. 이 증가된 권한은 회사의 재무 상태와 미래 전망에 대한 자신감을 반영합니다.
Delek US Holdings (NYSE: DK) a annoncé une augmentation significative de son autorisation de rachat d'actions. Le Conseil d'Administration de la société a approuvé une augmentation de $400 millions, portant le total disponible pour les rachats à environ $562 millions. Ce mouvement souligne l'engagement de Delek à générer de la valeur pour les actionnaires et à offrir des rendements en espèces accrus.
Avigal Soreq, Président et CEO de Delek US, a souligné que la société estime qu'il existe une valeur substantielle dans son capital. Sous réserve des conditions du marché, Delek prévoit de continuer à utiliser les rachats d'actions comme moyen de restituer une valeur supplémentaire aux actionnaires. Cette autorisation renforcée reflète la confiance de la société dans sa position financière et ses perspectives futures.
Delek US Holdings (NYSE: DK) hat eine bedeutende Erhöhung seiner Aktienrückkaufautorisierung bekannt gegeben. Der Vorstand des Unternehmens genehmigte eine Erhöhung um $400 Millionen, wodurch der insgesamt verfügbare Betrag für Rückkäufe auf etwa $562 Millionen steigt. Dieser Schritt unterstreicht Deleks Engagement, Wert für die Aktionäre zu schaffen und höhere Cash-Renditen zu erzielen.
Avigal Soreq, Präsident und CEO von Delek US, betonte die Ansicht des Unternehmens, dass in seinem Eigenkapital erhebliches Potenzial steckt. Je nach Marktlage plant Delek, weiterhin Aktienrückkäufe als Mittel zur Rückgabe von zusätzlichem Wert an die Aktionäre zu nutzen. Diese erweiterte Autorisierung spiegelt das Vertrauen des Unternehmens in seine finanzielle Lage und zukünftigen Perspektiven wider.
- Board approval for $400 million increase in share repurchase authorization
- Total available for repurchases now approximately $562 million
- Demonstrates commitment to returning value to shareholders
- Company sees significant value in its equity
- None.
Insights
Delek US's $400 million increase in share repurchase authorization is a significant move, bringing the total to
However, investors should consider the opportunity cost of this capital allocation. The
While buybacks can be positive, they don't necessarily reflect operational improvements. Investors should closely monitor Delek's underlying business performance and industry trends to fully assess the company's long-term value proposition.
This move by Delek US aligns with a broader trend in the energy sector, where companies are increasingly focusing on shareholder returns. The substantial buyback authorization could be interpreted as a bullish signal, suggesting management believes the stock is undervalued.
However, it's important to consider the cyclical nature of the oil and gas industry. Delek's decision to allocate such a large sum to buybacks might indicate growth opportunities in the current market environment. Investors should assess whether this capital could be better utilized for diversification or green energy initiatives, given the ongoing energy transition.
The market's reaction to this news will be telling. A positive response could further boost the stock, while skepticism might suggest concerns about the company's long-term strategy in a changing energy landscape.
Avigal Soreq, President and Chief Executive Officer of Delek US, stated, "Generating value for our shareholders is a key priority and the enhanced share repurchase authorization reflects our desire to deliver increased cash returns to our shareholders. We see a lot of value in our equity and, subject to market conditions, we will continue to use share buybacks to return incremental value to our shareholders."
About Delek US Holdings, Inc.
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. The refining assets consist primarily of refineries operated in
The logistics operations consist of Delek Logistics. Delek US and its affiliates also own the general partner and an approximate
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Investor Relations and Media/Public Affairs Contact:
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Source: Delek US Holdings, Inc.
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