VLO, DK, and PBI it to the Zacks Rank #1 (Strong Buy) growth stocks list on May 20, 2026.
SITM, DK, and ECO made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 18, 2026.
KSS, DK and VSNT made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 18, 2026.
DK expects total crude throughput in the range of 283,000-303,000 bpd and total throughput in the band of 293,000-313,000 bpd for the second quarter of 2026.
Delek US Holdings, Inc. (DK) Q1 2026 Earnings Call Transcript
DK heads into Q1 earnings with revenue pressure, rising costs and refinery downtime, even as optimization efforts may help cushion the impact.
Delek US Holdings has surged nearly 200% over the past year, driven by regulatory relief and surging crack spreads from geopolitical disruptions. DK benefits from EPA small refinery exemptions and a favorable balance sheet, with $615 million in cash, $889 million in debt, and a valuable DKL stake. I estimate DK's fair value at $53, reflecting both a one-time windfall from the Iran War and normalized free cash flow, implying ~20% upside.
Shares of Delek US Holdings, Inc. DK gained momentum over the last year, following a staggering rise of 203.6%. During the same time period, the company's shares outperformed the sub-industry and the broader oil and energy sector's rally of 55% and 38.4%, respectively.
DK strengthens its financial position with strategic cash flow improvements and shareholder returns, but faces risks from regulatory challenges and refining market volatility.
DK expects total crude throughput in the range of 212,000-247,000 bpd and total throughput in the band of 240,000-259,000 bpd for the first quarter of 2026.
Delek US Holdings, Inc. (DK) Q4 2025 Earnings Call Transcript
Delek US Holdings is upgraded to 'strong buy' after a 25% pullback, offering compelling value and a significant margin of safety. DK benefits materially from EPA SRE relief, unlocking $400M in cash and a $200M ongoing annual cash flow boost. Refining margins have normalized to ~$25, but DK's cost-cutting and DKL stake underpin robust 2026 cash flow and buyback potential.