earnings
confidence high
sentiment negative
materiality 0.80
Delek US posts Q2 net loss $37.2M; announces retail sale, DKL acquisitions
Delek US Holdings, Inc.
2024-Q2 EPS reported
-$1.09
revenue$6,649,300,000
- Net loss $37.2M ($0.58/share) vs net loss $8.3M in Q2 2023; adjusted net loss $59.3M ($0.92/share).
- Refining segment Adjusted EBITDA fell to $42.1M from $212.4M YoY on lower crack spreads.
- Agreed to sell retail assets for ~$385M; entered 10-year fuel supply deal with FEMSA.
- DKL dropped down Wink-to-Webster pipeline, agreed to acquire H2O Midstream for ~$230M, FID on new gas plant.
- Quarterly dividend raised to $0.255/share; Board approved for Aug 19 payment to record Aug 12.