other material
confidence high
sentiment negative
materiality 0.65
Delek US reports 1Q24 net loss $32.6M, adj. loss $0.41/share; Q2 guidance issued
Delek US Holdings, Inc.
- 1Q24 net loss $32.6M vs 1Q23 net income $64.3M; adjusted net loss $26.2M ($0.41/share) vs adj. income $92.7M.
- Adjusted EBITDA $158.7M in 1Q24, up from $60.6M in 4Q23; cash from operations $166.7M.
- Q2 2024 guidance: crude throughput 287-300k bpd, operating expenses $215-225M, net interest $80-90M.
- 2024 capital forecast $330M; consolidated net debt $1.74B; Delek US ex-DKL net debt only $152M.
- Evaluating strategic alternatives; highlights retail 6.5x-10x multiple and ~$1.4B DKL stake (72.7% ownership).