earnings
confidence high
sentiment neutral
materiality 0.75
Delek US reports Q2 net loss $8.3M, adjusted net income $65.2M; raises dividend to $0.235/share
Delek US Holdings, Inc.
2023-Q2 EPS reported
$0.84
revenue$8,119,900,000
- Net loss $8.3M ($0.13/sh); adjusted net income $65.2M ($1.00/sh); adjusted EBITDA $259.4M.
- Refining segment Adj. EBITDA $201.1M vs $463.1M YoY due to lower crack spreads (down ~49%).
- Logistics segment Adj. EBITDA $90.9M vs $69.0M YoY on Permian position and 3 Bear acquisition.
- Quarterly dividend raised to $0.235 (fourth consecutive increase); payable Aug 21, record Aug 14.
- Repurchased $40M shares in Q2, $25M after quarter end; $95M returned YTD via dividends and buybacks.