secwatch.observer — SEC 8-K summary
======================================

Issuer:     Delek US Holdings, Inc. (DK)
CIK:        0001694426
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001694426-24-000065
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delek US reports 1Q24 net loss $32.6M, adj. loss $0.41/share; Q2 guidance issued
--------------------------------------------------------------------------------

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1694426/000169442624000065/0001694426-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1694426/000169442624000065/dk-20240604.htm
  HTML page:      https://secwatch.observer/filing/0001694426-24-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer