Delek US Q1 net loss $32.6M vs prior year profit; dividends raised to $0.25/share

Delek US Holdings, Inc.

2024-Q1 EPS reported -$0.51 revenue$3,227,600,000

Net loss of $32.6M (diluted loss $0.51/share) vs net income $64.3M in Q1 2023; adjusted net loss $26.2M ($0.41/share).
Adjusted EBITDA fell to $158.7M from $284.6M; refining segment EBITDA $106.1M, down 54% due to lower crack spreads.
Logistics segment EBITDA rose to $99.7M (up 9% YoY) on Delaware Gathering contributions and annual rate increases.
Quarterly dividend increased to $0.25 per share, payable May 24 to holders of record May 17.
Company initiated process to unlock value in retail business; liquidity ~$800M after DKL debt/equity offerings.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Delek US Holdings, Inc. reported the quarter ended March 31, 2024 results: net income Net loss of $32.6 million, EPS $(0.51) per share.

Period: the quarter ended March 31, 2024
Net income: Net loss of $32.6 million
EPS: $(0.51) per share
Result: reported results

Exact text from the filing

On May 7, 2024, Delek US Holdings, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001694426-24-000056

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