Welcome to our dedicated page for Delek Us Hldgs news (Ticker: DK), a resource for investors and traders seeking the latest updates and insights on Delek Us Hldgs stock.
Delek US Holdings, Inc. (NYSE: DK) is a diversified downstream energy company active in petroleum refining, logistics, pipelines, and renewable fuels. The Delek US news feed on Stock Titan focuses on company announcements and disclosures that explain how its refining and logistics operations are performing and evolving.
Investors following DK news will find regular quarterly earnings releases detailing net income or loss, Adjusted net income, Adjusted EBITDA, refining segment performance, and logistics segment results. These updates often highlight refining margins, benchmark crack spreads, and the contribution of Delek Logistics Partners, LP to the overall business.
News coverage also includes dividend declarations from Delek US, where the Board of Directors approves regular quarterly dividends per share, along with the associated record and payment dates. Separate releases from Delek Logistics Partners, LP report quarterly cash distributions per common limited partner unit and provide context on midstream cash flows that are relevant to Delek US as the general partner and a majority unitholder.
Another recurring theme in Delek US news is the impact of Small Refinery Exemptions (SREs) granted by the U.S. Environmental Protection Agency. The company has reported benefits from SREs for past Renewable Volume Obligation compliance periods and has discussed how these exemptions affect cost of materials and other items, as well as expectations for monetizing historical SRE grants.
In addition, Delek US and Delek Logistics issue notices about conference calls to discuss quarterly results and provide investor presentations. These items give further insight into initiatives such as the Enterprise Optimization Plan and the company’s approach to its refining and midstream assets. For a consolidated view of these developments, the DK news page offers a structured way to review the company’s public communications over time.
Delek Logistics Partners, LP (NYSE: DKL) has announced a quarterly cash distribution of $0.95 per common limited partner unit for Q3 2021, marking a 1.1% increase from Q2 2021 and a 5% increase from Q3 2020. This distribution is set to be payable on November 10, 2021. The company highlighted strong margins and utilization rates as positive industry trends, reinforcing confidence in DKL's financial outlook. Uzi Yemin, CEO, emphasized the stability of the business amid varying economic conditions.
Delek US Holdings (NYSE: DK) announced its third quarter 2021 results release is scheduled for after market close on November 4, 2021. A conference call to discuss these results will occur on November 5, 2021, at 8:00 a.m. CT. Investors can access the live call on DelekUS.com. Concurrently, Delek Logistics Partners (NYSE: DKL) will hold its earnings call on the same day at 7:00 a.m. CT. Both companies focus on energy logistics and refining, essential for understanding their market positions.
Delek Logistics Partners, LP (NYSE: DKL) announced it will release its third quarter 2021 results after market close on November 4, 2021. A conference call to discuss these results is set for 7:00 a.m. CT on November 5, 2021. Investors can access the live broadcast through www.deleklogistics.com, with a replay available online for 90 days. Additionally, Delek US Holdings, Inc. (NYSE: DK) will conduct its quarterly earnings call on the same day, providing information relevant to Delek Logistics.
Stockperks has launched a new initiative to offer shareholder perks for three public companies: SmileDirectClub (SDC), iRobot (IRBT), and Delek US Holdings (DK). This platform aims to enhance engagement between companies and retail investors, allowing these firms to recognize and communicate with their individual investors throughout the year. Agnies Watson, President of Stockperks, emphasized the need for effective investor relations and expressed excitement about this innovative approach. More information about the perks and the Stockperks platform can be found on their official website.
Delek US Holdings (NYSE: DK) will present at the 10th Annual Gateway Conference on September 8, 2021, at 12:30 p.m. Eastern time. The event will be held virtually, with management participating in one-on-one meetings throughout the conference. A live webcast of the presentation will be available for replay. Attendees can request additional information or schedule meetings by contacting conference@gatewayir.com. Delek US operates in petroleum refining, logistics, and retail sectors, with a throughput capacity of 302,000 barrels per day.
Delek US Holdings (NYSE:DK) will present at the 10th Annual Gateway Conference on September 8, 2021, at 12:30 p.m. Eastern time. The presentation will be available via a live webcast and for replay. One-on-one meetings will be held throughout the conference. Delek US is a diversified downstream energy company with significant assets in refining and logistics, including ownership of approximately 80% of Delek Logistics Partners (NYSE:DKL), which focuses on midstream energy infrastructure.
Delek Logistics Partners, LP (NYSE: DKL) reported second-quarter 2021 net income of $43.2 million or $1.00 per diluted unit, down from $44.4 million year-over-year. Net cash from operating activities increased significantly to $85.8 million compared to $37.5 million in Q2 2020. EBITDA rose to $66.8 million, up from $64.8 million. The company announced a cash distribution of $0.94 per unit, a 4.4% increase from Q2 2020. Following a successful $400 million senior notes offering, total debt stands at $928.7 million, enhancing financial flexibility.
Delek US Holdings reported a second quarter 2021 net loss of $(81.1) million, or $(1.10) per share, contrasting with a net income of $87.7 million, or $1.18 per share, a year prior. Adjusted EBITDA improved to $2.0 million from $(99.6) million year-over-year. The company faced operational disruptions due to winter weather and pipeline outages, incurring $40-$45 million in additional expenses. However, a $156 million federal tax refund and ongoing insurance claims may provide near-term liquidity. Retail and logistics segments showed growth, with logistics' contribution margin reaching $64.2 million.
Delek Logistics Partners, LP (NYSE: DKL) announced a quarterly cash distribution of $0.94 per common limited partner unit for Q2 2021, marking a 2.2% increase from Q1 2021 and a 4.4% increase from Q2 2020. This is the 33rd consecutive quarterly increase, demonstrating business stability. The distribution is payable on August 11, 2021, to unitholders of record on August 5, 2021. CEO Uzi Yemin noted improving product demand trends as the economy reopens, which is expected to support energy demand into the second half of the year.
Delek US Holdings (NYSE: DK) plans to release its second quarter 2021 results on August 3, 2021, after the market closes. A conference call will follow on August 4, 2021, at 8:30 a.m. CT to discuss these results. Investors can access the live broadcast on DelekUS.com. The replay will be available for 90 days. Additionally, Delek Logistics Partners (NYSE: DKL) will have its earnings call on the same day at 7:30 a.m. CT, which may provide relevant insights for investors.