Delek US

DK

Market cap $1.81B

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Boston-based Callodine Capital Management sold 717,245 shares of Delek in the third quarter. The shares were worth about $15.19 million.

DK benefits from structural improvements, a solid balance sheet and growth in sour gas but faces challenges from rising costs, corporate complexity and fluctuating refining margins.

The shares sold represented 4.25% of the executive's position. Delek is a diversified downstream energy company with operations across the southern United States.

Florida-based GeoSphere Capital Management initiated a 150,000-share holding in Delek during the third quarter. The resulting position was worth about $4.8 million at quarter-end and represented 3.7% of 13F reportable assets under management.

DK shows margin strength, record throughput and midstream growth, but faces pressure from high debt, volatile spreads, capex needs and regulatory risks.

Conservative capital spending by upstream players and gradual shifting to renewables may hurt the demand for midstream players??? assets. DK, ET and PAA are surviving the industry challenges.

DK expects total crude throughput in the range of 252,000-284,000 bpd and total throughput in the band of 271,000-303,000 bpd for the fourth quarter of 2025.

Delek US Holdings, Inc. (NYSE:DK) reported better-than-expected third-quarter sales results on Friday.

Delek US Holdings, Inc. ( DK ) Q3 2025 Earnings Call November 7, 2025 10:30 AM EST Company Participants Robert Wright - Senior VP, Deputy CFO & Chief Accounting Officer Avigal Soreq - President, CEO & Director Joseph Israel - Executive VP and President of Refining & Renewables Mark Hobbs - Executive VP & CFO Mohit Bhardwaj - Senior Vice President of Strategy & Growth Conference Call Participants Douglas George Blyth Leggate - Wolfe Research, LLC Manav Gupta - UBS Investment Bank, Research Division Vikram Bagri - Citigroup Inc., Research Division Alexa Petrick - Goldman Sachs Group, Inc., Research Division Paul Cheng - Scotiabank Global Banking and Markets, Research Division Jason Gabelman - TD Cowen, Research Division Presentation Operator Thank you for standing by. My name is Jayle, and I'll be your conference operator today.