secwatch.observer — SEC 8-K summary
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Issuer:     Delek US Holdings, Inc. (DK)
CIK:        0001694426
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001694426-24-000152
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delek US Q3 net loss $76.8M; refining EBITDA plunges to $10.2M from $296M YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1694426/000169442624000152/0001694426-24-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1694426/000169442624000152/dk-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001694426-24-000152

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