Delek US offers compelling upside due to its sum-of-the-parts valuation, with its DKL stake alone accounting for over 80% of equity value. Ongoing asset divestitures and a share repurchase program are unlocking value, mirroring Marathon Petroleum's successful restructuring playbook. Refining operations are benefiting from improved crack spreads and cost-cutting initiatives, supporting robust free cash flow and a secure 4.1% dividend yield.
DK expects total crude throughput in the range of 291,000-306,000 bpd and total throughput in the band of 302,000-317,000 bpd for third-quarter 2025.
Delek US Holdings, Inc. (NYSE:DK ) Q2 2025 Earnings Conference Call August 6, 2025 11:00 AM ET Company Participants 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 Robert Wright - Senior VP, Deputy CFO & Chief Accounting Officer Conference Call Participants Alexa Petrick - Goldman Sachs Group, Inc., Research Division Jason Daniel Gabelman - TD Cowen, Research Division Jean Ann Salisbury - BofA Securities, Research Division Joseph Gregory Laetsch - Morgan Stanley, Research Division Keith T. Stanley - Wolfe Research, LLC Matthew Robert Lovseth Blair - Tudor, Pickering, Holt & Co. Securities, LLC, Research Division Operator Thank you for standing by.
![]() DK In 2 months Estimated | Quarterly | $0.26 Per Share |
![]() DK 3 weeks ago Paid | Quarterly | $0.26 Per Share |
![]() DK 3 months ago Paid | Quarterly | $0.26 Per Share |
![]() DK 6 months ago Paid | Quarterly | $0.26 Per Share |
![]() DK 9 months ago Paid | Quarterly | $0.26 Per Share |
![]() DK 12 Aug 2024 Paid | Quarterly | $0.26 Per Share |
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![]() DK In 2 months Estimated | Quarterly | $0.26 Per Share |
![]() DK 3 weeks ago Paid | Quarterly | $0.26 Per Share |
![]() DK 3 months ago Paid | Quarterly | $0.26 Per Share |
![]() DK 6 months ago Paid | Quarterly | $0.26 Per Share |
![]() DK 9 months ago Paid | Quarterly | $0.26 Per Share |
![]() DK 12 Aug 2024 Paid | Quarterly | $0.26 Per Share |
5 Nov 2025 (In 1 month) Date | | - Cons. EPS | - EPS |
5 Nov 2025 (In 1 month) Date | | - Cons. EPS | - EPS |
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6 Aug 2025 Date | | - Cons. EPS | - EPS |
Oil & Gas Refining & Marketing Industry | Energy Sector | Avigal Soreq CPA CEO | XDUS Exchange | US24665A1034 ISIN |
US Country | 1,987 Employees | 11 Aug 2025 Last Dividend | - Last Split | 4 May 2006 IPO Date |
Delek US Holdings, Inc. is a diversified downstream energy company actively engaged in the integrated operations across the United States. Founded in 2001 and headquartered in Brentwood, Tennessee, the company has crafted a unique position in the energy sector through its multi-faceted operations that span refining, logistics, and retail. Delek's business model is structured around three main segments: Refining, Logistics, and Retail, each designed to work symbiotically to maximize efficiency and profitability. This comprehensive approach not only enables Delek to process crude oil and other feedstocks into a wide range of petroleum-based products but also to manage the logistics and distribution of these products efficiently. Further, through its strategic retail operations, Delek ensures direct access to end-consumers, enhancing its market presence and operational integration within the energy landscape of the United States.
Delek US Holdings, Inc. offers a broad array of products and services that cater to various facets of the energy sector:
- Gasoline, for general consumer use and transportation needs.
- Diesel fuel, catering to transportation and industrial applications.
- Aviation fuel, supplying the aviation industry.
- Asphalt, for construction and road-building projects.
Delek owns and operates state-of-the-art refineries in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana. In addition, it manages biodiesel facilities in Crossett, Arkansas; Cleburne, Texas; and New Albany, Mississippi, reflecting its commitment to renewable energy sources.
- Crude oil pipelines, ensuring secure and efficient transportation.
- Refined product pipelines and associated storage tanks, facilitating the distribution process.
- Crude oil gathering systems, optimizing crude oil collection and transportation.
- Light product distribution terminals and the utilization of third-party terminals for broader market reach.
This segment underscores Delek's capability in handling the logistics complexities associated with energy distribution.
- Various grades of gasoline and diesel, primarily under the DK or Alon brands, directly meeting consumer fuel needs.
- Food products and services, enhancing the convenience store experience.
- Non-alcoholic and alcoholic beverages, tobacco products, and general merchandise, providing a comprehensive shopping solution.
Delek's retail operations, largely concentrated in West Texas and New Mexico, operate primarily under the recognizable 7-Eleven and DK or Alon brand names, directly serving the public and contributing significantly to the company's diversified revenue streams.