Earnings summaries and quarterly performance for Delek US Holdings.
Executive leadership at Delek US Holdings.
Avigal Soreq
Detailed
Chief Executive Officer and President
CEO
DM
Denise McWatters
Detailed
Executive Vice President, General Counsel, and Corporate Secretary
JI
Joseph Israel
Detailed
Executive Vice President, President, Refining and Renewables
MH
Mark Hobbs
Detailed
Executive Vice President and Chief Financial Officer
RS
Reuven Spiegel
Detailed
Executive Vice President, Special Projects
RW
Robert Wright
Detailed
Executive Vice President
Board of directors at Delek US Holdings.
CB
Christine Benson Schwartzstein
Detailed
Director
EU
Ezra Uzi Yemin
Detailed
Chairman of the Board
GM
Gary M. Sullivan, Jr.
Detailed
Director
LZ
Laurie Z. Tolson
Detailed
Director
LM
Leonardo Moreno
Detailed
Director
RJ
Richard J. Marcogliese
Detailed
Director
SZ
Shlomo Zohar
Detailed
Director
V(
Vasiliki (Vicky) Sutil
Detailed
Director
WJ
William J. Finnerty
Detailed
Lead Independent Director
Research analysts who have asked questions during Delek US Holdings earnings calls.
JG
Jason Gabelman
TD Cowen
8 questions for DK
Also covers: BP, CLMT, CLNE +20 more
Matthew Blair
Tudor, Pickering, Holt & Co.
8 questions for DK
Also covers: AMTX, BG, CE +20 more
Alexa Petrick
Goldman Sachs
5 questions for DK
Also covers: CLMT, CNQ, CVI +3 more
Jean Ann Salisbury
Bank of America
5 questions for DK
Also covers: CQP, CVX, DTM +13 more
Joe Laetsch
Morgan Stanley
5 questions for DK
Also covers: DINO, MPC, PBF +2 more
Keith Stanley
Wolfe Research, LLC
5 questions for DK
Also covers: DTM, ENB, EPD +13 more
MG
Manav Gupta
UBS Group
3 questions for DK
Also covers: ADM, AMTX, BE +35 more
Joseph Laetsch
Morgan Stanley
2 questions for DK
Also covers: DINO, PBF, PSX +1 more
AP
Alexia Patrick
BofA Securities
1 question for DK
DG
Douglas George Blyth Leggate
Wolfe Research
1 question for DK
Also covers: APA, BP, COP +18 more
DL
Doug Leggate
Wolfe Research
1 question for DK
Also covers: APA, AR, BP +23 more
JR
John Royall
JPMorgan Chase & Co.
1 question for DK
Also covers: CASY, CNQ, CVE +13 more
MP
Michail Paraskevopoulos
Citigroup Inc.
1 question for DK
Also covers: ALIT
Neil Mehta
Goldman Sachs
1 question for DK
Also covers: AESI, APA, AR +36 more
RR
Roger Read
Wells Fargo & Company
1 question for DK
Also covers: APA, AR, BP +22 more
RT
Ryan Todd
Simmons Energy
1 question for DK
Also covers: BP, COP, CVX +9 more
Recent press releases and 8-K filings for DK.
Delek US Reports Strong Q4 2025 Results, Raises EOP Target, and Monetizes RINs
DK
Earnings
Guidance Update
Share Buyback
- Delek US reported Q4 2025 adjusted EPS of $0.44 and adjusted EBITDA of approximately $226 million, both excluding SREs. Including SREs, adjusted EPS was $2.31 and adjusted EBITDA was approximately $375 million.
- The company raised its Enterprise Optimization Plan (EOP) target to at least $200 million on an annual run rate basis, with approximately $50 million contributed in Q4 2025.
- Delek Logistics (DKL) achieved a record $536 million in adjusted EBITDA for 2025 and provided 2026 EBITDA guidance of $520 million-$560 million.
- Delek monetized a large portion of its 2023 and 2024 RINs, raising approximately $360 million in Q4 2025, which was used to pay down approximately $380 million under its Inventory Intermediation Agreement (IAA). This restructuring is expected to reduce annual interest expense and improve free cash flow by at least $40 million annually.
- In Q4 2025, the company returned capital to shareholders by paying approximately $15 million in dividends and buying back approximately $20 million of shares.
10 hours ago
Delek US Holdings Reports Strong Q4 2025 Results, Raises EOP Target, and Provides 2026 DKL Guidance
DK
Earnings
Guidance Update
Share Buyback
- Delek US Holdings reported Q4 2025 adjusted EPS of $0.44 and adjusted EBITDA of approximately $226 million, excluding SREs. Including SREs, adjusted EPS was $2.31 and adjusted EBITDA was approximately $375 million.
- The company raised its Enterprise Optimization Plan (EOP) target to at least $200 million on an annual run rate basis and expects Delek Logistics (DKL) to achieve $520 million-$560 million in adjusted EBITDA for 2026.
- Delek monetized a large portion of its 2023 and 2024 RINs, raising approximately $360 million in Q4 2025, which was used to pay down $380 million of its Inventory Intermediation Agreement, reducing annual interest expense by at least $40 million.
- For Q1 2026, the company provided throughput guidance of 240,000-259,000 barrels per day for its system and expects operating expenses between $210 million and $220 million.
10 hours ago
Delek US Holdings Reports Strong Q4 2025 Results and Raises EOP Target
DK
Earnings
Guidance Update
Share Buyback
- Delek US reported Q4 2025 adjusted EPS of $0.44 and adjusted EBITDA of approximately $226 million, excluding SREs. For the full year 2025, adjusted EBITDA, excluding SREs, was approximately $763 million.
- The Enterprise Optimization Plan (EOP) target was raised to at least $200 million on an annual run rate basis, with approximately $50 million of EOP contribution in Q4 2025.
- The company monetized a large portion of its 2023 and 2024 RINs, raising approximately $360 million in Q4 2025, which was used to pay down approximately $380 million under the Inventory Intermediation Agreement (IAA), expected to reduce annual interest expense by at least $40 million.
- Delek Logistics (DKL) had a record 2025 with approximately $536 million in adjusted EBITDA and provided 2026 EBITDA guidance in the range of $520 million to $560 million.
- In Q4 2025, Delek paid approximately $15 million in dividends and bought back approximately $20 million of its shares.
11 hours ago
Delek US Holdings Reports Fourth Quarter 2025 Results
DK
Earnings
Guidance Update
Dividends
- Delek US Holdings, Inc. reported net income of $78.3 million or $1.26 per diluted share for the fourth quarter ended December 31, 2025. Adjusted net income was $143.0 million or $2.31 per adjusted diluted share, and adjusted EBITDA reached $374.8 million.
- The company advanced its Enterprise Optimization Plan (EOP), increasing annual run-rate cash flow improvements to ~$200 million and recognizing ~$50 million of improvements in Q4 2025. The restructuring of its Inventory Intermediation Agreement is expected to generate at least $40 million in incremental free cash flow.
- Delek Logistics initiated 2026 adjusted EBITDA guidance of $520 million to $560 million.
- As of December 31, 2025, Delek US had a cash balance of $625.8 million and a consolidated net debt of $2,607.3 million.
- During Q4 2025, Delek US purchased ~$20 million in common stock and paid $15.3 million in dividends, with a regular quarterly dividend of $0.255 per share announced on February 18, 2026.
15 hours ago
Delek US Holdings Reports Fourth Quarter 2025 Results
DK
Earnings
Guidance Update
Share Buyback
- Delek US Holdings reported Q4 2025 adjusted net income of $143.0 million or $2.31 per share and adjusted EBITDA of $374.8 million.
- The company advanced its Enterprise Optimization Plan, increasing annual run-rate cash flow improvements to approximately $200 million, and restructured its Inventory Intermediation Agreement, which is expected to result in at least $40 million in incremental free cash flow generation.
- Delek US purchased approximately $20 million in DK common stock during the quarter and Delek Logistics initiated 2026 adjusted EBITDA guidance of $520 million to $560 million.
16 hours ago
Delek US Holdings, Inc. Files Investor Presentation with 2026 Guidance
DK
Guidance Update
New Projects/Investments
- Delek US Holdings, Inc. (DK) filed an 8-K on January 12, 2026, to furnish an Investor Presentation that senior management will use for investor presentations starting the same day.
- The Enterprise Optimization Plan (EOP) is projected to increase annual cash flow by at least $180 million, and Delek Logistics Partners (DKL) distributions are expected to add over $150 million to free cash flow.
- An Inventory Intermediation Agreement (IIA) Revamp is anticipated to generate an additional $30 - $50 million in incremental free cash flow.
- The company provided 2026 guidance including Standalone M&R Capex of $200 - $220 million, which incorporates a BSR Turnaround in Q1 2026.
Jan 12, 2026, 10:55 PM
Delek US Reports Strong Q3 2025 Results, Raises EOP and DKL Guidance, and Expects Significant SRE Monetization
DK
Earnings
Guidance Update
Dividends
- Delek US reported adjusted EPS of $1.52 and adjusted EBITDA of approximately $319 million for Q3 2025, excluding SREs. Including SREs, adjusted EBITDA was $760 million and adjusted net income was $434 million or $7.13 per share.
- The company increased its Enterprise Optimization Plan (EOP) guidance to at least $180 million on an annual run rate basis, up from a previous midpoint of $150 million.
- Delek US expects to receive approximately $400 million in profits from the monetization of granted Small Refinery Exemption (SRE) RINs over the next six to nine months, following EPA approval of 2019-2024 SRE petitions.
- Delek Logistics (DKL) full-year 2025 EBITDA guidance was increased to between $500 million and $520 million.
- During Q3 2025, the company returned capital to shareholders through approximately $15 million in dividends and $15 million in share repurchases.
Nov 7, 2025, 3:30 PM
Delek US Holdings Reports Strong Q3 2025 Results, Raises EOP and DKL Guidance, and Anticipates $400 Million from SRE Monetization
DK
Earnings
Guidance Update
Share Buyback
- Delek US Holdings reported adjusted EPS of $1.52 and adjusted EBITDA of approximately $319 million for Q3 2025, excluding SREs. Including SREs, adjusted EBITDA was approximately $760 million.
- The company increased its Enterprise Optimization Plan (EOP) annual run rate guidance to at least $180 million, with $60 million contributed in Q3 2025.
- EPA approval of pending Small Refinery Exemption (SRE) petitions is expected to generate approximately $400 million in profits from RIN monetization over the next six to nine months. Delek anticipates 100% of its refining capacity will qualify for SREs in 2025.
- Delek Logistics (DKL) full-year 2025 EBITDA guidance was raised to between $500 million and $520 million.
- In Q3 2025, Delek returned capital to shareholders through approximately $15 million in dividends and $15 million in share repurchases.
Nov 7, 2025, 3:30 PM
Delek US Holdings Reports Strong Q3 2025 Results, Raises EOP and DKL Guidance
DK
Earnings
Guidance Update
Share Buyback
- Delek US Holdings reported Q3 2025 adjusted EPS of $1.52 and adjusted EBITDA of approximately $319 million, both excluding SREs. Including SREs, adjusted EBITDA was approximately $760 million.
- The company expects to receive approximately $400 million in profits from the monetization of granted RINs for 2023 and 2024 SRE petitions over the next six to nine months.
- Delek has again increased its Enterprise Optimization Plan (EOP) guidance to at least $180 million on an annual run rate basis, with approximately $60 million contributed in Q3.
- Delek Logistics (DKL) full-year 2025 EBITDA guidance has been increased to between $500 million and $520 million.
- During Q3, Delek paid approximately $15 million in dividends and bought back approximately $15 million of its shares.
Nov 7, 2025, 3:30 PM
Delek US Holdings Reports Third Quarter 2025 Results
DK
Earnings
Guidance Update
Share Buyback
- Delek US Holdings reported adjusted net income of $434.2 million or $7.13 per share and adjusted EBITDA of $759.6 million for the third quarter of 2025.
- These results include a $280.8 million benefit related to Small Refinery Exemptions (SREs), with ~$400 million in proceeds from historical SRE grants expected over the next six to nine months.
- The company increased its Enterprise Optimization Plan (EOP) annual run-rate cash flow improvements guidance to at least $180 million, recognizing ~$60 million in improvements during Q3 2025.
- Delek Logistics (DKL) raised its expected full-year adjusted EBITDA guidance range to $500-$520 million, and Delek US purchased ~$15 million in common stock during the quarter.
Nov 7, 2025, 11:31 AM
Quarterly earnings call transcripts for Delek US Holdings.
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