Delek US highlights record logistics EBITDA, $85M buybacks, and Q4 2023 guidance

Delek US Holdings, Inc.

3Q23 record Logistics EBITDA of $278.8M; Retail best EBITDA since COVID at $37.6M.
YTD 2023 cash from operations $922.8M; net debt reduced by $476M vs Dec 2022.
Targeting $100M run-rate cost reduction in 2024; Q4 2023 crude throughput 284-302 kbpd.
$85M in share buybacks through Oct 31, 2023; quarterly dividend raised to $0.24/share.
Delek US excluding DKL had $(0.9)M net cash (i.e., essentially zero net debt) at Sep 30.

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