Delek US (NYSE:DK) Issues Quarterly Earnings Results, Beats Estimates By $0.68 EPS

Delek US (NYSE:DK) announced its earnings results on Wednesday. The oil and gas company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.68, FiscalAI reports. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.36 billion. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The company’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.32) earnings per share.

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

• Big Spring turnaround completed safely, on budget and on time; the refinery is back at full capacity and management expects improved reliability, optimized crude slate, higher yields and octane/blending capability with no further major turnarounds planned, positioning the system to capture seasonal crack strength.
• Management raised the Enterprise Optimization Plan (EOP) target to at least $220 million annual run?rate, reported ~$60 million of EOP contribution in Q1, and said further EOP actions could drive another step?change in free cash flow.
• Delek Logistics (DKL) reaffirmed 2026 EBITDA guidance of $520–$560 million, expects third?party EBITDA to exceed 80% pro forma, completed its first acid gas injection well to support Delaware Basin growth, and reiterated steps to unlock DKL value (including potential deconsolidation options).
• Regulatory risk from RINs / Small Refinery Exemptions (SREs) remains material — excluding SREs Q1 adjusted EBITDA and EPS were weaker (approx. $129M and a $0.98 loss per share), and management warns a large 2026 RVO exposure (they cite ~$750M at a ~$1.50 blended RIN assumption) makes EPA SRE timing/decisions a key near?term risk to results and fuel affordability.
• Reported Q1 cash flow from operations of ~$461 million, adjusted EBITDA of ~$212 million and adjusted net income of ~$5 million; Q2 throughput guidance implies a system range of ~293,000–313,000 bpd and management provided operating expense, G&A, D&A and net interest ranges for the quarter.

Delek US Trading Up 13.8%

Delek US stock traded up $5.68 during midday trading on Wednesday, hitting $46.72. 1,916,943 shares of the stock were exchanged, compared to its average volume of 1,523,284. The company has a fifty day simple moving average of $41.21 and a two-hundred day simple moving average of $36.55. Delek US has a 52 week low of $12.80 and a 52 week high of $48.32. The stock has a market capitalization of $2.79 billion, a PE ratio of -133.50, a P/E/G ratio of 0.57 and a beta of 0.68. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 5.89.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, May 1st will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 1st. Delek US’s dividend payout ratio (DPR) is currently -291.43%.

Key Headlines Impacting Delek US

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

• Positive Sentiment: Q1 results beat expectations: DK reported EPS of $0.08 vs. a consensus loss of ($0.60) and revenue of $2.65B vs. $2.36B est., showing sequential improvement and helping drive investor optimism. Business Wire Release
• Positive Sentiment: Management tone: CEO Avigal Soreq highlighted “momentum” and execution of an Enterprise Optimization Plan and other value-creation initiatives on the call — signaling improved cash flow focus and operational discipline. Earnings Call Transcript
• Positive Sentiment: Near-term analyst lift: Zacks raised its Q3 2026 EPS estimate (to $0.36), a short-term estimate boost that can support sentiment and near-term expectations for earnings power.
• Neutral Sentiment: Market materials available: The company published a slide deck and press materials alongside the release (useful for modeling cash flow and refinery/marketing detail). MarketBeat Earnings Summary & Materials
• Neutral Sentiment: Valuation commentary: Recent write-ups have re-examined DK’s valuation after the run-up; these are informational but not new company guidance. Yahoo Finance
• Neutral Sentiment: Scotiabank model divergence: Scotiabank projects higher FY2026–27 EPS (and models upside vs. consensus) but maintains a “Hold,” reflecting mixed conviction despite bullish numbers.
• Negative Sentiment: Price target cut: TD Cowen trimmed its target from $60 to $44 and keeps a “Hold,” which may cap upside from bullish headlines and temper momentum. Benzinga / TickerReport
• Negative Sentiment: Longer-term estimate pullbacks: Zacks lowered FY2028 EPS expectations, signaling some analyst caution about sustainable earnings beyond the near term.

Insider Transactions at Delek US

In other news, Director Shlomo Zohar sold 7,343 shares of Delek US stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $46.00, for a total transaction of $337,778.00. Following the transaction, the director directly owned 6,646 shares of the company’s stock, valued at $305,716. This trade represents a 52.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William J. Finnerty sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $45.50, for a total transaction of $227,500.00. Following the completion of the transaction, the director directly owned 41,369 shares of the company’s stock, valued at $1,882,289.50. This trade represents a 10.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 172,095 shares of company stock valued at $7,257,409. Corporate insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Delek US

Several large investors have recently modified their holdings of DK. New York State Common Retirement Fund raised its position in shares of Delek US by 1.8% during the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 400 shares during the period. Aster Capital Management DIFC Ltd increased its stake in Delek US by 23.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 425 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Delek US by 95.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after buying an additional 432 shares during the period. Orion Porfolio Solutions LLC raised its holdings in Delek US by 2.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after buying an additional 507 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in Delek US by 0.9% in the third quarter. Alliancebernstein L.P. now owns 66,005 shares of the oil and gas company’s stock valued at $2,130,000 after buying an additional 573 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Mizuho raised their target price on shares of Delek US from $51.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. TD Cowen cut their price objective on shares of Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Monday. UBS Group raised their price objective on shares of Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, April 10th. Morgan Stanley lifted their target price on shares of Delek US from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Finally, Citigroup increased their price target on Delek US from $33.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Delek US currently has an average rating of “Hold” and an average target price of $44.15.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.