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.
Delek Logistics Partners, LP (NYSE: DKL) has announced the availability of its 2022 K-1 tax packages online through PWC. These packages can be accessed on their website at www.taxpackagessupport.com/deleklogistics. The firm is currently in the process of printing and mailing these tax documents. For inquiries regarding the 2022 Tax Reporting Package, stakeholders can contact the support line Monday to Friday between 8:00 a.m. to 5:00 p.m. CST.
Delek Logistics Partners, LP, based in Brentwood, Tennessee, was established by Delek US Holdings, Inc. to manage logistics and marketing assets related to crude oil and refined products.
Delek Logistics Partners, LP (NYSE: DKL) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2022, on March 1, 2023, with the U.S. Securities and Exchange Commission. This report is accessible on the company's website at www.deleklogistics.com through the 'SEC Filings' section. Additionally, limited partners can request a free printed copy of the report, which contains audited financial statements, by writing to Delek's Investor Relations at their Brentwood, TN address.
Delek Logistics was established by Delek US Holdings, Inc. to manage crude oil and refined products logistics and marketing assets.
Delek Logistics Partners, LP (NYSE: DKL) announced that its Annual Report on Form 10-K for the fiscal year ending December 31, 2022, was filed with the SEC on March 1, 2023. The report includes comprehensive audited financial statements and is available on Delek Logistics' website. Limited partners can request a printed copy free of charge by writing to the investor relations department. Delek Logistics, based in Brentwood, Tennessee, focuses on owning and operating crude oil and refined products logistics and marketing assets.
Delek US Holdings (NYSE:DK) has appointed Patrick Reilly as Executive Vice President and Chief Commercial Officer, effective March 1, 2023. Reilly brings over 20 years of experience in energy oil refining and trading, having previously worked at Motiva, where he contributed to record profits. Delek’s President and CEO, Avigal Soreq, expressed enthusiasm for Reilly's expertise to enhance the company's growth strategy. Delek US is a diversified energy company with significant assets in petroleum refining, logistics, and convenience store retailing, operating refineries with a capacity of 302,000 barrels per day.
Delek US Holdings reported a net loss of $118.7 million or $1.73 per share for Q4 2022, while adjusted net income stood at $60.8 million or $0.88 per share. The company returned $104.1 million to shareholders through dividends and share repurchases. Total capital spending reached $343.1 million in 2022. Notably, the refining segment achieved an impressive adjusted EBITDA of $182 million, and logistics contributed a record $90.6 million. The board approved a 5% increase in the dividend to $0.22 per share, payable on March 17, 2023. The company is optimistic about future market opportunities, particularly in refining and logistics.
Delek US Holdings (NYSE: DK) will present at the Bank of America Securities 2023 Refining Conference on March 2, 2023, at 2:00 p.m. ET. Executive leaders, including Todd O'Malley, will discuss the company's strategic initiatives aimed at enhancing shareholder value. Investors can access the webcast through the Delek Investors site, with a replay available for 90 days post-event. Delek US is a diversified energy company engaged in petroleum refining and logistics, operating refineries in Texas, Arkansas, and Louisiana with a total throughput capacity of 302,000 barrels per day.
Delek US Holdings (NYSE: DK), led by CEO Avigal Soreq, will participate in a panel discussion at the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, at 9:15 a.m. ET. The leadership team will outline the company's strategic initiatives aimed at enhancing shareholder value. Investors can access the live event via the Delek Investors website, with a replay available for 90 days post-event. Delek US operates in petroleum refining, logistics, and convenience store retailing, holding significant assets across multiple locations, including Texas and Arkansas, with a crude throughput capacity of 302,000 barrels per day.
Delek Logistics Partners, LP (NYSE: DKL) announced plans to release its fourth quarter 2022 results on February 28, 2023, before the U.S. stock market opens. A conference call to discuss these results will follow at 3:30 p.m. CT (4:30 p.m. ET) on the same day. Investors can access the live broadcast through the company’s website, with an online replay available for 90 days.
Headquartered in Brentwood, Tennessee, Delek Logistics operates primarily in the midstream energy sector, providing services such as gathering, pipeline transportation, and storage, particularly in the Permian Basin, Delaware Basin, and Gulf Coast regions.
Delek Logistics Partners, LP announced plans to issue a press release on its fourth quarter 2022 results before the market opens on February 28, 2023. A conference call to discuss the results will take place at 3:30 p.m. CT (4:30 p.m. ET) on the same day. Investors can access the live broadcast through the company’s website, with a replay available for 90 days. Based in Brentwood, Tennessee, Delek Logistics is involved in gathering, pipeline, and transportation services primarily for crude oil and natural gas customers. The company is linked to Delek US Holdings, which owns its general partner interest.
Delek US Holdings (NYSE: DK) announced plans to release its fourth quarter 2022 results on February 28, 2023, before the U.S. market opens. A conference call to discuss these results will take place at 2:00 p.m. CT (3:00 p.m. ET) on the same day. Investors can access the live broadcast through 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 retail convenience stores, operating refineries across Texas, Arkansas, and Louisiana with a combined capacity of 302,000 barrels per day.
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