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 US Holdings (NYSE:DK) has announced that its Board of Directors approved a quarterly dividend of $0.255 per share. The dividend will be paid on March 10, 2025, to shareholders of record as of March 3, 2025.
Delek Logistics Partners (NYSE: DKL) has announced plans to release its fourth-quarter 2024 financial results before the U.S. stock market opens on Tuesday, February 25, 2025. The company will host a conference call to discuss the results at 11:30 a.m. CT on the same day.
Interested parties can access the conference call through Delek Logistics' website at www.DelekLogistics.com by navigating to the Events & Presentations section. An online replay of the call will remain available on the website for 90 days.
Delek US Holdings (NYSE:DK) has announced it will release its fourth-quarter 2024 financial results before the U.S. stock market opens on Tuesday, February 25, 2025. The company will host a conference call to discuss the results at 10:00 a.m. CT on the same day. Investors can access the conference call through Delek's website at www.DelekUS.com in the investor relations section under Events & Presentations. The replay will be available online for 90 days.
Delek Logistics Partners (NYSE: DKL) has announced its quarterly cash distribution for Q4 2024. The company will distribute $1.105 per common partner unit, which equals $4.42 per unit on an annualized basis. The distribution will be paid on February 11, 2025, to unitholders recorded as of February 4, 2025.
Delek Logistics Partners (NYSE: DKL) has completed its acquisition of Gravity Water Intermediate Holdings for a total consideration of $285 million, comprising $200 million in cash and approximately 2.175 million DKL units. The acquisition strengthens DKL's position in the Permian Basin, particularly in Howard County's Midland Basin.
The Gravity operations include integrated full-cycle water systems in the Permian Basin and produced water gathering and transportation assets in the Bakken. This acquisition, combined with DKL's recent H2O Midstream purchase, enhances the company's ability to provide integrated crude and water services. Following this transaction, DKL will derive more than 70% of its EBITDA from third-party sources.
The acquisition is expected to create synergies through cost and commodity sale optimization, complementing DKL's integrated crude and produced water gathering and disposal services in the Midland Basin.
Delek Logistics Partners (NYSE: DKL) announced three strategic developments: First, the implementation of acid gas injection (AGI) capabilities at its Libby 2 gas processing plant, expected to be operational in H2 2025. Second, the acquisition of Gravity Water Midstream for $285 million ($200M cash, $85M in DKL units) at a sub-5.5x EBITDA multiple. Third, securing an additional 34,000 acre dedication in the Midland Basin, bringing total dedicated acreage to ~400,000 acres.
The company reports over $700 million in current liquidity and projects that post-developments, more than 70% of its EBITDA will come from third-party sources. The AGI project aims to enable customers to access all six benches of the Delaware Basin without hydrogen sulfide and carbon dioxide liability concerns.
Delek US Holdings reported a net loss of $76.8 million ($1.20 per share) in Q3 2024, with adjusted net loss of $93.0 million ($1.45 per share) and adjusted EBITDA of $70.6 million. The company completed several strategic transactions, including the sale of retail assets for $390 million and the drop-down of Wink to Webster pipeline. The refining segment's adjusted EBITDA decreased to $10.2 million from $296.1 million year-over-year due to lower crack spreads. The logistics segment showed improvement with adjusted EBITDA of $106.1 million. The company maintains a strong liquidity position with $1,037.6 million in cash and announced a quarterly dividend of $0.255 per share.
Delek US Holdings has declared a quarterly dividend of $0.255 per share, payable on November 18, 2024, to shareholders of record as of November 12, 2024. The company operates as a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. Their refining operations include facilities in Texas, Arkansas, and Louisiana, with a combined nameplate crude throughput capacity of 302,000 barrels per day. Additionally, Delek US Holdings owns approximately 66.3% of Delek Logistics Partners, LP, a master partnership focused on midstream energy infrastructure.
Delek Logistics Partners (NYSE: DKL) has announced its quarterly cash distribution for Q3 2024. The company will distribute $1.10 per common partner unit, equivalent to $4.40 on an annualized basis. The distribution will be paid on November 14, 2024, to unitholders of record as of November 8, 2024.
Delek Logistics Partners, LP (NYSE: DKL) has closed its public offering of 4,423,075 common units, including 576,922 units from the underwriters' full exercise of their option. The units were priced at $39.00 each, generating gross proceeds of approximately $166 million. The company plans to use the funds to redeem outstanding convertible preferred units and repay borrowings under its revolving credit agreement.
Notably, Avigal Soreq, the company's President, and other executives purchased 7,177 units at the public offering price. BofA Securities, Barclays, and RBC Capital Markets served as joint book-running managers for the offering, which was made under an effective shelf registration statement filed with the SEC.