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Delek US Holdings (DK)
NYSE:DK
Holding DK?
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$1.89Last Year’s EPS
-$1.46Same Quarter Last Year
Moderate Sell
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 1.46%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were strong operational achievements, successful transactions, and strategic plans for cost reduction, the company faced challenges with low refining margins and a significant quarterly loss. The overall sentiment is balanced between positive strategic moves and negative financial performance.Company Guidance
During the DK Third Quarter 2024 Earnings Call, several key metrics and strategic initiatives were highlighted. The company reported an adjusted EBITDA of approximately $71 million, indicating a challenging refining margin environment that is $5 to $6 below the mid-cycle. Despite this, DK is focusing on cost structure reduction, executing the Krotz Springs turnaround, and enhancing its balance sheet through opportunistic share buybacks, having spent $20 million on share repurchases this quarter. Additionally, the company has completed several strategic transactions, including the sale of retail assets, which contributed to strong balance sheet maintenance. Operationally, the focus remains on safe and reliable operations, with El Dorado and Big Spring refineries demonstrating significant improvements. DK's new cost reduction and margin improvement plan aims to achieve at least $100 million in incremental annual savings by the second half of 2025, with $30 to $40 million from G&A efficiencies and $50 to $80 million from margin improvements. Financially, the company reported a net loss of $77 million for the quarter, with operating expenses projected between $177 million and $188 million for the fourth quarter. DK remains committed to disciplined capital allocation, including a dividend payout of $16 million this quarter.Strong Operational Quarter
Delek US had another strong operational quarter, with significant progress in Big Spring and Krotz Springs turnaround.
Sum of the Parts Transactions Closed
Closed series of transactions, including the drop-down of Wink to Webster and the sale of retail assets to FEMSA, strengthening DK and DKL.
New Cost Reduction and Margin Improvement Plan
Plan expects to achieve at least $100 million in incremental annual cost savings and margin improvement by the second half of 2025.
Delek Logistics Acquisition
Delek Logistics closed its acquisition of H2O Midstream on September 11, enhancing its position in the Permian Basin.
Dividend and Share Buybacks
Paid $16 million in dividends and bought back $20 million of shares during the quarter, demonstrating commitment to shareholder returns.
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DK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $15.71 | $17.06 | +8.59% |
| Aug 06, 2024 | $21.17 | $18.84 | -11.01% |
| May 07, 2024 | $25.76 | $26.95 | +4.62% |
| Feb 27, 2024 | $27.04 | $24.58 | -9.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Delek US Holdings (DK) report earnings?
Delek US Holdings (DK) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Delek US Holdings (DK) earnings time?
Delek US Holdings (DK) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DK EPS forecast?
DK EPS forecast for the fiscal quarter 2024 (Q4) is -$1.89.
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