STOCK TITAN

Delek US Holdings, Inc. - $DK STOCK NEWS

Welcome to our dedicated page for Delek US Holdings news (Ticker: $DK), a resource for investors and traders seeking the latest updates and insights on Delek US Holdings stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Delek US Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Delek US Holdings's position in the market.

Rhea-AI Summary

Delek US Holdings, Inc. reported a net loss of $32.6 million in the first quarter of 2024, with adjusted net loss of $26.2 million. They successfully executed debt and equity offerings, improving liquidity to $800 million. The company added 3.6 million DKL units, increased volume activity, and improved leverage ratio. They paid $15.7 million in dividends and increased quarterly dividend to $0.250 per share. The refining segment's Adjusted EBITDA was $106.1 million, logistics segment's was $99.7 million, and retail segment's was $6.5 million. Corporate and other activities reported a loss of $(53.6) million. Delek US had a cash balance of $753.4 million and total long-term debt of $2,496.9 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.61%
Tags
-
Rhea-AI Summary

Delek US Holdings, Inc. announced an increase in the regular quarterly dividend to $0.25 per share. The dividend will be paid on May 24, 2024, to shareholders of record on May 17, 2024. Delek US is a diversified downstream energy company with refining, logistics, pipelines, renewable fuels, and convenience store retailing assets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
dividends
-
Rhea-AI Summary
Delek Logistics Partners, LP announced an increase in its quarterly cash distribution to $1.07 per common partner unit for the first quarter of 2024, marking a 4.4% rise from the previous year. The distribution amounts to $4.28 per common partner unit annually. The distribution will be paid on May 15, 2024, to unitholders of record on May 8, 2024. Additionally, Delek Logistics is seeking financial flexibility by filing a 'shelf' registration statement with the SEC for up to $500 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
none
Rhea-AI Summary
Delek Logistics Partners, LP priced an offering of $200 million in additional 8.625% senior notes due 2029 at 101.250% of face value. The proceeds will be used to repay borrowings under its revolving credit facility. The offering is expected to close on April 17, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.15%
Tags
none
-
Rhea-AI Summary
Delek Logistics Partners, LP (DKL) plans to offer $200 million in additional 8.625% senior notes due 2029 to repay borrowings under its revolving credit facility. The notes will be offered to qualified institutional buyers and non-U.S. persons, exempt from registration under the Securities Act.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
Tags
none
-
Rhea-AI Summary
Delek Logistics Partners, LP (DKL) plans to release its first-quarter 2024 financial results on May 7, 2024, followed by a conference call. The call will be accessible online with a replay option for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.03%
Tags
conferences earnings
Rhea-AI Summary
Delek US Holdings, Inc. (DK) plans to release its first quarter 2024 results on May 7, 2024, followed by a conference call. The live broadcast and online replay will be accessible on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.05%
Tags
conferences earnings
-
Rhea-AI Summary
Delek Logistics Partners, LP (NYSE: DKL) successfully closed an underwritten public offering of 3,584,416 common units, raising approximately $132.5 million to repay outstanding borrowings. The offering price per unit was $38.50, with underwriters exercising their option to purchase additional units. The offering was made under an effective shelf registration statement filed with the SEC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.06%
Tags
-
Rhea-AI Summary
Delek Logistics Partners, LP (NYSE: DKL) and Delek Logistics Finance Corp. announced receiving tenders of $155,991,000 in aggregate principal amount of their 6.75% Senior Notes due 2025, representing approximately 62.4% of the total. The settlement date for the tendered notes is expected to occur on March 13, 2024, with a total consideration of $1,000.80 for each $1,000 principal amount of the Notes tendered, plus accrued and unpaid interest. The Offerors also issued a conditional notice of full redemption for all outstanding Notes not purchased in the Offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.67%
Tags
none
Rhea-AI Summary
Delek Logistics Partners, LP announces pricing of public offering of common units at $38.50 per unit. The offering aims to raise funds to repay outstanding borrowings. Delek Holdings' ownership in Delek Logistics to decrease from 78.7% to 73.4% post-offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
Tags
Delek US Holdings, Inc.

NYSE:DK

DK Rankings

DK Stock Data

1.74B
62.47M
2.51%
105.33%
12.02%
Petroleum Refineries
Manufacturing
Link
United States of America
BRENTWOOD

About DK

delek us holdings (nyse: dk) is a leading diversified downstream energy company with operations in three primary business segments: petroleum refining, marketing & supply and retail. the refining segment operates a 60,000 barrel-per-day high-conversion, moderate complexity refinery in tyler, texas. the marketing & supply segment transports and sells refined products on a wholesale basis in west texas through company-owned and third-party operated terminals. the retail segment markets gasoline, diesel and other refined products through a network of more than 450 company-operated fuel and convenience stores located in eight states under a number of regional brands, including mapco express®, mapco mart® east coast®, discount food mart™, fast food and fuel™ and favorite markets® brand names.