Delek Us Hldgs Inc Stock Price, News & Analysis

Delek US Holdings reported a net loss of $118.7 million or $1.73 per share for Q4 2022, while adjusted net income stood at $60.8 million or $0.88 per share. The company returned $104.1 million to shareholders through dividends and share repurchases. Total capital spending reached $343.1 million in 2022. Notably, the refining segment achieved an impressive adjusted EBITDA of $182 million, and logistics contributed a record $90.6 million. The board approved a 5% increase in the dividend to $0.22 per share, payable on March 17, 2023. The company is optimistic about future market opportunities, particularly in refining and logistics.

Delek US Holdings (NYSE: DK) will present at the Bank of America Securities 2023 Refining Conference on March 2, 2023, at 2:00 p.m. ET. Executive leaders, including Todd O'Malley, will discuss the company's strategic initiatives aimed at enhancing shareholder value. Investors can access the webcast through the Delek Investors site, with a replay available for 90 days post-event. Delek US is a diversified energy company engaged in petroleum refining and logistics, operating refineries in Texas, Arkansas, and Louisiana with a total throughput capacity of 302,000 barrels per day.

Delek US Holdings (NYSE: DK), led by CEO Avigal Soreq, will participate in a panel discussion at the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, at 9:15 a.m. ET. The leadership team will outline the company's strategic initiatives aimed at enhancing shareholder value. Investors can access the live event via the Delek Investors website, with a replay available for 90 days post-event. Delek US operates in petroleum refining, logistics, and convenience store retailing, holding significant assets across multiple locations, including Texas and Arkansas, with a crude throughput capacity of 302,000 barrels per day.

Delek Logistics Partners, LP (NYSE: DKL) announced plans to release its fourth quarter 2022 results on February 28, 2023, before the U.S. stock market opens. A conference call to discuss these results will follow at 3:30 p.m. CT (4:30 p.m. ET) on the same day. Investors can access the live broadcast through the company’s website, with an online replay available for 90 days.

Headquartered in Brentwood, Tennessee, Delek Logistics operates primarily in the midstream energy sector, providing services such as gathering, pipeline transportation, and storage, particularly in the Permian Basin, Delaware Basin, and Gulf Coast regions.

Delek Logistics Partners, LP announced plans to issue a press release on its fourth quarter 2022 results before the market opens on February 28, 2023. A conference call to discuss the results will take place at 3:30 p.m. CT (4:30 p.m. ET) on the same day. Investors can access the live broadcast through the company’s website, with a replay available for 90 days. Based in Brentwood, Tennessee, Delek Logistics is involved in gathering, pipeline, and transportation services primarily for crude oil and natural gas customers. The company is linked to Delek US Holdings, which owns its general partner interest.

Delek US Holdings (NYSE: DK) announced plans to release its fourth quarter 2022 results on February 28, 2023, before the U.S. market opens. A conference call to discuss these results will take place at 2:00 p.m. CT (3:00 p.m. ET) on the same day. Investors can access the live broadcast through DelekUS.com in the investor relations section, with a replay available for 90 days. Delek US is a diversified downstream energy company engaged in petroleum refining, logistics, and retail convenience stores, operating refineries across Texas, Arkansas, and Louisiana with a combined capacity of 302,000 barrels per day.

Delek Logistics Partners has announced a quarterly cash distribution of $1.02 per common limited partner unit for Q4 2022, reflecting a 3% increase from Q3 2021 and a 5% increase from Q4 2021. This marks the 40th consecutive quarter of increased payouts. The distribution is set for payment on February 9, 2023, to unitholders of record as of February 2, 2023. Delek Logistics aims for another 5% distribution growth in 2023, driven by strong demand in its Permian and Delaware Gathering Systems.

Delek Logistics Partners declared a quarterly cash distribution of $1.02 per common limited partner unit for Q4 2022, marking a 3% increase from Q3 2021 and a 5% increase compared to Q4 2021. This is the 40th consecutive quarter of distribution increases, fulfilling the company's 5% growth commitment for 2022. The distribution is payable on February 9, 2023, to unitholders of record by February 2, 2023. Delek Logistics anticipates another 5% distribution growth for 2023, driven by strong demand in the Permian and Delaware Gathering Systems.