Delek US

DK

Market cap $2.32B

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.

The headline numbers for Delek US Holdings (DK) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (NYSE: DK) (“Delek US”, "Company") today announced financial results for its third quarter ended September 30, 2025. “We continue to make progress in achieving our Sum of the Parts goals and improving the overall profitability of the company as highlighted by a strong EOP contribution in 3Q'25,” said Avigal Soreq, President and Chief Executive Officer of Delek US. “Our EOP efforts, which are exceeding previous guidance, and clarity on S.

Energy stocks like CNQ, DK, CLMT and NOG have the potential to deliver better-than-expected Q3 earnings.

Delek US Holdings has surged over 140% in the past year, benefiting from improved refining conditions and favorable regulatory changes. DK's unique position as a small refinery owner makes it a prime beneficiary of recent EPA approvals for small refinery exemptions (SREs). The stock's upside is now more moderate, with a 12-18% gain potential including dividends, prompting a rating change from 'strong buy' to 'buy.'

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (NYSE:DK) (“Delek”) today announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on November 17, 2025, to shareholders as of record on November 10, 2025. About Delek US Holdings, Inc. Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. The refining assets consist primarily of refineries operated i.