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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.
On April 6, 2023, Delek US Holdings (NYSE: DK) announced plans to release its first quarter 2023 results on May 8, 2023, before the U.S. stock market opens. A conference call to discuss these results will occur at 10:00 a.m. CT (11:00 a.m. ET) the same day. Investors can listen to the live broadcast on www.DelekUS.com in the investor relations section, with a replay available for 90 days. Delek US is a diversified downstream energy company engaged in petroleum refining, logistics, and convenience store retailing, managing refineries in Texas, Arkansas, and Louisiana with a combined capacity of 302,000 barrels per day.
Delek Logistics Partners, LP (NYSE: DKL) announced plans to release its first quarter 2023 results on May 8, 2023, before the U.S. market opens. A conference call to discuss these results will take place at 11:30 a.m. CT (12:30 p.m. ET) on the same day. Interested parties can access the live broadcast via www.DelekLogistics.com, and a replay will be available for 90 days. Based in Brentwood, Tennessee, Delek Logistics operates primarily in midstream energy services, particularly in crude oil and natural gas sector, and has interests in various regions including the Permian Basin and Gulf Coast. The company is also connected with Delek US Holdings, which holds a significant stake in it.
Delek Logistics Partners, LP (NYSE: DKL) announced it will release its first quarter 2023 results on May 8, 2023, before the U.S. stock market opens. A conference call to discuss these results is scheduled for 11:30 a.m. CT (12:30 p.m. ET) on the same day. Investors can access the live broadcast on DelekLogistics.com in the webcasts section, with a replay available for 90 days.
Located in Brentwood, Tennessee, Delek Logistics is a midstream energy master limited partnership that offers a range of services including gathering, pipeline transportation for crude oil and natural gas, as well as storage and marketing services for refined products. The partnership also engages in water disposal and recycling services in key regions such as the Permian Basin and Gulf Coast.
Delek US Holdings, Inc. (NYSE:DK) announced key changes in its senior leadership team on March 24, 2023. Joseph Israel has been appointed Executive Vice President of Operations, effective March 27, 2023, while Tommy Chavez takes on the role of Senior Vice President of Refining Operations starting April 10, 2023. Both leaders bring extensive industry experience, with Israel having led operations at Par Petroleum LLC and Chavez with a background at TotalEnergies and Marathon. Their appointments come as Todd O'Malley and Nithia Thaver depart the company. CEO Avigal Soreq expressed confidence in their ability to enhance operational excellence and drive shareholder returns.
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