secwatch.observer — SEC 8-K summary
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Issuer:     Delek US Holdings, Inc. (DK)
CIK:        0001694426
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001694426-22-000154
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delek US Q3 net income $7.4M ($0.10/sh); adj. EBITDA $135.8M; dividend raised to $0.21/sh
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- Q3 2022 net income $7.4M ($0.10/sh) vs $11.8M ($0.16/sh) YoY; adj. net income $1.1M ($0.02/sh).
- Adjusted EBITDA $135.8M, up from $101.9M YoY, despite $225.1M unfavorable inventory valuation.
- Record 99% crude utilization; refining contribution $106M vs $82.1M YoY.
- Plans $75-100M share buybacks and $100-150M debt reduction in Q4; dividend +$0.01 to $0.21/sh.
- Hired head of Corporate Development and retained bankers to evaluate sum-of-parts value unlock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1694426/000169442622000154/0001694426-22-000154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1694426/000169442622000154/dk-20221107.htm
  HTML page:      https://secwatch.observer/filing/0001694426-22-000154

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer