Delek US (NYSE:DK) Announces Quarterly Earnings Results

Delek US (NYSE:DK) issued its earnings results on Friday. The oil and gas company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.05 by $5.50, FiscalAI reports. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the prior year, the firm posted $7.13 earnings per share. The business’s revenue was up 52.1% on a year-over-year basis.

Here are the key takeaways from Delek US’s conference call:

• Delek reported third-quarter adjusted net income of about $843 million and adjusted EBITDA of about $1.28 billion. Excluding the 50% RVO adjustment and small-refinery exemption impacts, adjusted EBITDA was about $1.04 billion and adjusted EPS was $10.53.
• The company raised its Enterprise Optimization Plan target to at least $250 million in annual run-rate improvements, citing about $60 million of contribution in Q3 and stronger refining capture rates. Management said all four refineries ran reliably and Big Spring has exceeded its post-turnaround value-creation targets.
• Delek received small-refinery exemptions for all four refineries for 2025 and expects about $425 million in proceeds in Q4; management estimates the total accounting benefit at current RIN prices could reach $750 million–$800 million. Executives said the company intends to remain compliant but did not disclose its RIN position or detailed monetization strategy, and future relief remains dependent on policy.
• Delek increased its quarterly dividend by about 18% to $0.30 per share and expects roughly $100 million in Q4 share repurchases. Standalone Delek ended the quarter with about $22 million in net cash, and management said it does not plan to hold excess cash.
• Delek Logistics raised its 2026 EBITDA guidance to $530 million–$560 million and expects another $60 million of run-rate EBITDA from organic projects in 2027. Delek said third-party EBITDA is expected to exceed 80% on a pro forma basis, supporting its sum-of-the-parts strategy, though management gave no timeline for reducing its ownership below 50%.

Delek US Stock Up 1.9%

Shares of NYSE DK traded up $1.17 during midday trading on Friday, reaching $63.66. 1,632,537 shares of the company’s stock traded hands, compared to its average volume of 1,649,891. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 0.51 and a beta of 0.61. The stock’s 50 day simple moving average is $73.68 and its 200-day simple moving average is $53.75. Delek US has a one year low of $25.85 and a one year high of $82.27.

Delek US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Tuesday, November 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. This is a boost from Delek US’s previous quarterly dividend of $0.2550. The ex-dividend date of this dividend is Tuesday, November 10th. Delek US’s payout ratio is currently 28.65%.

Insider Activity

In other Delek US news, EVP Reuven Spiegel sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $68.21, for a total transaction of $682,100.00. Following the completion of the transaction, the executive vice president directly owned 36,435 shares of the company’s stock, valued at approximately $2,485,231.35. This trade represents a 21.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary M. Jr. Sullivan sold 27,688 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $69.01, for a total value of $1,910,748.88. Following the completion of the transaction, the director directly owned 32,004 shares of the company’s stock, valued at approximately $2,208,596.04. This trade represents a 46.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 163,377 shares of company stock worth $11,082,485 over the last 90 days. 3.56% of the stock is currently owned by insiders.

Trending Headlines about Delek US

Here are the key news stories impacting Delek US this week:

• Positive Sentiment: For Q3 2026, adjusted EPS was $13.55, versus the $8.05 FactSet estimate, while revenue of $4.39 billion exceeded the $3.88 billion consensus and rose 52.1% year over year. Reports attributed the strong results to refining performance and margins. Earnings results
• Positive Sentiment: Management raised its Enterprise Optimization Plan improvement guidance to at least $250 million from $220 million, signaling confidence in further operational gains and cash-flow generation. Company results release
• Positive Sentiment: Delek is targeting $100 million in share repurchases during Q4, which could support per-share value if completed. Buyback and improvement plan

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Delek US from $83.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Piper Sandler started coverage on shares of Delek US in a research report on Tuesday, October 27th. They set a “neutral” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Raymond James Financial reiterated an “outperform” rating and issued a $95.00 price target on shares of Delek US in a research note on Friday. Finally, Citigroup reiterated a “neutral” rating on shares of Delek US in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Delek US has a consensus rating of “Moderate Buy” and a consensus target price of $75.42.

About Delek US

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.