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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.

Delek US Holdings, Inc. (NYSE: DK) is a diversified downstream energy company that operates through three main business segments: petroleum refining, marketing & supply, and retail. Headquartered in Brentwood, Tennessee, Delek US Holdings' refining segment operates a 60,000 barrel-per-day refinery in Tyler, Texas, known for its high conversion and moderate complexity refining capabilities. This refinery plays a crucial role in producing various petroleum products for transportation and industrial markets in the United States.

The marketing & supply segment of Delek US Holdings is involved in the transportation and wholesale distribution of refined products throughout West Texas, utilizing both company-owned and third-party operated terminals. This segment ensures the efficient delivery of products such as gasoline, diesel, and other refined goods to various markets.

Delek US Holdings also boasts an extensive retail network, operating more than 450 company-owned fuel and convenience stores across eight states. The retail segment markets gasoline and diesel through various regional brands including Mapco Express®, Mapco Mart® East Coast®, Discount Food Mart™, Fast Food and Fuel™, and Favorite Markets®.

Additionally, Delek US Holdings has a logistics segment that focuses on gathering, transporting, and storing crude oil and intermediate products. This segment is crucial for the company's operations as it supports the refining and marketing activities by ensuring a seamless supply chain for crude oil and refined products.

Recent developments highlight Delek US Holdings' dynamic growth strategy. The company, through its subsidiary Delek Logistics Partners, LP (NYSE: DKL), has been active in the financial markets, recently pricing an upsized offering of $650 million in senior notes and commencing a $120 million public offering of common units. The proceeds from these offerings are earmarked for repurchases, repayments, and general corporate purposes.

Delek US Holdings demonstrates a robust financial and operational framework, bolstered by strategic partnerships and a diversified product portfolio. The company's focus on refining, logistics, and retail ensures a comprehensive energy supply chain, catering to both wholesale and retail markets. As an integrated energy business, Delek US Holdings continues to strengthen its market position through strategic investments and a commitment to operational excellence.

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Delek Logistics Partners, LP (DK) announced an upsized offering of $650 million in aggregate principal amount of 8.625% senior notes due 2029, with plans to use the proceeds for various purposes including repurchasing existing notes and general corporate uses.
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Delek Logistics Partners, LP and Delek Logistics Finance Corp. have initiated a cash tender offer for their 6.75% Senior Notes due 2025. The Offer will expire on March 8, 2024, with a tender consideration of $1,000.80 per $1,000.00 principal amount of Notes. Payments for purchased Notes will include accrued interest up to the settlement date. The Offer is contingent upon the completion of a concurrent bond offering and the Financing Condition. Holders are advised to make their own decisions regarding participation.
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Delek Logistics Partners, LP (DK) plans to offer $550 million senior notes due 2029 to repay existing debt and for general corporate purposes. The offering targets qualified institutional buyers and non-U.S. persons.
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Delek US Holdings, Inc. (DK) announced financial results for Q4 2023, highlighting a net loss of $164.9 million, adjusted net loss of $93.2 million, and adjusted EBITDA of $60.6 million. Full-year 2023 saw net income of $19.8 million, adjusted net income of $196.6 million, and adjusted EBITDA of $949.7 million. The company returned $35.4 million to shareholders in Q4, reduced debt by $38.2 million, and delivered record throughput rates. The 2024 Capital Program estimates capital expenditures of approximately $330 million, with a focus on refining and logistics.
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Delek US Holdings, Inc. raises quarterly dividend by $0.005 per share to $0.245, payable on March 8, 2024.
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Delek US Holdings, Inc. has been selected by the Department of Energy's Office of Clean Energy Demonstrations for a carbon capture pilot project in the Big Spring refinery, receiving 70% cost-share for up to $95 million of federal funding. The project aims to capture 145,000 metric tons of carbon dioxide per year and reduce health-harming pollutants. Delek will partner with Svante Technologies Inc., IUOE, and USW to execute the project and establish a carbon capture schoolhouse.
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Delek US Holdings, Inc. (NYSE: DK) has announced that it will release its fourth quarter 2023 results on February 27, 2024, before the U.S. stock market opens. A conference call to discuss these results is scheduled for the same day. The live broadcast of the call will be available on the company's website, with an online replay available for 90 days.
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Delek Logistics Partners, LP (NYSE: DKL) is set to release its fourth quarter 2023 results on February 27, 2024, followed by a conference call to discuss the results. The live broadcast and online replay of the conference call will be available on the company's website for 90 days.
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Delek Logistics Partners, LP (DKL) has declared a quarterly cash distribution of $1.055 per common limited partner unit for the fourth quarter of 2023, representing a 1.0 percent increase from the previous quarter and a 3.4 percent increase from the same quarter in 2022. The distribution is payable on February 12, 2024, to unitholders of record on February 5, 2024.
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Delek US Holdings, Inc. appoints Christine Benson Schwartzstein as an independent director, bringing 20 years of experience in risk management, capital markets, and investing. The board now comprises 10 directors, with 8 being independent. Ms. Benson will stand for election at the 2024 annual meeting of stockholders on May 2, 2024. Her expertise is expected to provide instrumental insights as the company executes its strategic initiatives to create value for shareholders.
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FAQ

What is the current stock price of Delek US Holdings (DK)?

The current stock price of Delek US Holdings (DK) is $15.67 as of October 31, 2024.

What is the market cap of Delek US Holdings (DK)?

The market cap of Delek US Holdings (DK) is approximately 1.0B.

What are the primary business segments of Delek US Holdings, Inc.?

Delek US Holdings operates through three main business segments: petroleum refining, marketing & supply, and retail.

Where is Delek US Holdings, Inc. headquartered?

Delek US Holdings, Inc. is headquartered in Brentwood, Tennessee.

What is the capacity of Delek's refinery in Tyler, Texas?

The refinery in Tyler, Texas, has a capacity of 60,000 barrels per day.

How does Delek US Holdings distribute its refined products?

The company distributes its refined products through a network of company-owned and third-party operated terminals in West Texas.

What brands operate under Delek's retail segment?

Delek's retail segment includes brands like Mapco Express®, Mapco Mart® East Coast®, Discount Food Mart™, Fast Food and Fuel™, and Favorite Markets®.

What recent financial activities has Delek Logistics Partners, LP undertaken?

Delek Logistics Partners recently priced an upsized offering of $650 million in senior notes and commenced a $120 million public offering of common units.

How does Delek US Holdings support its refining and marketing activities?

Through its logistics segment, Delek US Holdings gathers, transports, and stores crude oil and intermediate products, ensuring a seamless supply chain.

What is the role of Delek's logistics segment?

The logistics segment generates revenue by gathering, transporting, and storing crude oil and intermediate products, as well as marketing, storing, and distributing refined products.

Which regions do Delek's retail stores operate in?

Delek operates more than 450 retail fuel and convenience stores across eight states in the Southeast region of the United States.

What is the strategic focus of Delek US Holdings, Inc.?

Delek US Holdings focuses on refining, logistics, and retail to ensure a comprehensive energy supply chain for both wholesale and retail markets.

Delek US Holdings, Inc.

NYSE:DK

DK Rankings

DK Stock Data

1.01B
64.54M
2.55%
103.15%
12.93%
Oil & Gas Refining & Marketing
Petroleum Refining
Link
United States of America
BRENTWOOD