earnings
confidence high
sentiment negative
materiality 0.75
Delek US Q3 net loss $76.8M; refining EBITDA plunges to $10.2M from $296M YoY
Delek US Holdings, Inc.
2024-Q3 EPS reported
-$2.29
revenue$9,478,500,000
- Net loss of $76.8M ($1.20/share) vs net income $128.7M last year; adjusted net loss $93.0M ($1.45/share).
- Refining segment Adjusted EBITDA fell to $10.2M from $296.1M YoY due to 49% lower benchmark crack spreads.
- Logistics segment record EBITDA of $106.1M, up from $96.5M, driven by Delaware Gathering and W2W dropdown.
- Closed retail sale for $390M; completed W2W drop-down and H2O Midstream acquisition; announced EOP targeting at least $100M profitability improvement by 2H25.
- Regular dividend $0.255/share payable Nov 18; Q4 guidance: total throughput 265,000-276,000 bpd.