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Delek US Holdings, Inc. - DK STOCK NEWS

Welcome to our dedicated page for Delek US Holdings news (Ticker: DK), a resource for investors and traders seeking the latest updates and insights on Delek US Holdings stock.

Delek US Holdings, Inc. (NYSE: DK) is a diversified downstream energy company that operates through three main business segments: petroleum refining, marketing & supply, and retail. Headquartered in Brentwood, Tennessee, Delek US Holdings' refining segment operates a 60,000 barrel-per-day refinery in Tyler, Texas, known for its high conversion and moderate complexity refining capabilities. This refinery plays a crucial role in producing various petroleum products for transportation and industrial markets in the United States.

The marketing & supply segment of Delek US Holdings is involved in the transportation and wholesale distribution of refined products throughout West Texas, utilizing both company-owned and third-party operated terminals. This segment ensures the efficient delivery of products such as gasoline, diesel, and other refined goods to various markets.

Delek US Holdings also boasts an extensive retail network, operating more than 450 company-owned fuel and convenience stores across eight states. The retail segment markets gasoline and diesel through various regional brands including Mapco Express®, Mapco Mart® East Coast®, Discount Food Mart™, Fast Food and Fuel™, and Favorite Markets®.

Additionally, Delek US Holdings has a logistics segment that focuses on gathering, transporting, and storing crude oil and intermediate products. This segment is crucial for the company's operations as it supports the refining and marketing activities by ensuring a seamless supply chain for crude oil and refined products.

Recent developments highlight Delek US Holdings' dynamic growth strategy. The company, through its subsidiary Delek Logistics Partners, LP (NYSE: DKL), has been active in the financial markets, recently pricing an upsized offering of $650 million in senior notes and commencing a $120 million public offering of common units. The proceeds from these offerings are earmarked for repurchases, repayments, and general corporate purposes.

Delek US Holdings demonstrates a robust financial and operational framework, bolstered by strategic partnerships and a diversified product portfolio. The company's focus on refining, logistics, and retail ensures a comprehensive energy supply chain, catering to both wholesale and retail markets. As an integrated energy business, Delek US Holdings continues to strengthen its market position through strategic investments and a commitment to operational excellence.

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Delek US Holdings, Inc. (NYSE: DK) reported a net income of $128.7 million or $1.97 per share for the third quarter of 2023. Adjusted net income was $131.9 million or $2.02 per share, and adjusted EBITDA was $345.1 million. The company also returned $40.2 million to shareholders through dividends and share buybacks and increased their quarterly dividend to $0.24 per share.
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Delek US Holdings, Inc. has approved a $0.05 per share increase in the regular quarterly dividend to $0.24 per share. The dividend will be paid on November 20th, 2023, to shareholders of record on November 13th, 2023.
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Delek Logistics Partners, LP (NYSE: DKL) has declared a quarterly cash distribution for Q3 2023 of $1.045 per common limited partner unit, representing a 1.0% increase from Q2 2023 and a 5.6% increase from Q3 2022. The distribution is payable on November 13, 2023.
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Todd O'Malley joins Braya Renewable Fuels as CEO
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Delek US Holdings to release Q3 2023 results on November 7
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Delek Logistics Partners, LP to release Q3 2023 results on November 7, 2023.
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Delek US Holdings, Inc. (NYSE: DK) Announces Q2 2023 Financial Results
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Delek Logistics Partners, LP (NYSE: DKL) Declares Quarterly Cash Distribution of $1.035 per Common Limited Partner Unit for Q2 2023, Marking a 1.0% Increase from Q1 2023. Payable on August 14, 2023.
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FAQ

What is the current stock price of Delek US Holdings (DK)?

The current stock price of Delek US Holdings (DK) is $15.67 as of October 31, 2024.

What is the market cap of Delek US Holdings (DK)?

The market cap of Delek US Holdings (DK) is approximately 1.0B.

What are the primary business segments of Delek US Holdings, Inc.?

Delek US Holdings operates through three main business segments: petroleum refining, marketing & supply, and retail.

Where is Delek US Holdings, Inc. headquartered?

Delek US Holdings, Inc. is headquartered in Brentwood, Tennessee.

What is the capacity of Delek's refinery in Tyler, Texas?

The refinery in Tyler, Texas, has a capacity of 60,000 barrels per day.

How does Delek US Holdings distribute its refined products?

The company distributes its refined products through a network of company-owned and third-party operated terminals in West Texas.

What brands operate under Delek's retail segment?

Delek's retail segment includes brands like Mapco Express®, Mapco Mart® East Coast®, Discount Food Mart™, Fast Food and Fuel™, and Favorite Markets®.

What recent financial activities has Delek Logistics Partners, LP undertaken?

Delek Logistics Partners recently priced an upsized offering of $650 million in senior notes and commenced a $120 million public offering of common units.

How does Delek US Holdings support its refining and marketing activities?

Through its logistics segment, Delek US Holdings gathers, transports, and stores crude oil and intermediate products, ensuring a seamless supply chain.

What is the role of Delek's logistics segment?

The logistics segment generates revenue by gathering, transporting, and storing crude oil and intermediate products, as well as marketing, storing, and distributing refined products.

Which regions do Delek's retail stores operate in?

Delek operates more than 450 retail fuel and convenience stores across eight states in the Southeast region of the United States.

What is the strategic focus of Delek US Holdings, Inc.?

Delek US Holdings focuses on refining, logistics, and retail to ensure a comprehensive energy supply chain for both wholesale and retail markets.

Delek US Holdings, Inc.

NYSE:DK

DK Rankings

DK Stock Data

1.01B
64.54M
2.55%
103.15%
12.93%
Oil & Gas Refining & Marketing
Petroleum Refining
Link
United States of America
BRENTWOOD