other material
confidence high
sentiment neutral
materiality 0.75
Delek US unveils investor presentation with 2Q23 throughput guidance and strategic review
Delek US Holdings, Inc.
- 2Q23 crude throughput guided at 290,000–300,000 bpd; total throughput 301,000–311,000 bpd.
- FY 2023 capital expenditure expected ~$350M; $192M spent in 1Q23.
- Cash of $865M and net debt of $1.91B as of March 31, 2023; DK excluding DKL net debt $213M.
- Evaluating strategic alternatives to unlock value, referencing a 9x-11x retail multiple.
- Owns 78.7% of DKL; implied equity value ~$1.5B or $22 per DK share.