NYSE$DK
Delek US Holdings Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Delek US Holdings reported a net loss of $76.8 million for the third quarter of 2024, with adjusted net loss of $93.0 million and adjusted EBITDA of $70.6 million.
Delek US Holdings reported a net loss of $76.8 million for the third quarter of 2024, or $(1.20) per share. Adjusted net loss was $93.0 million, or $(1.45) per share, with adjusted EBITDA of $70.6 million. The company successfully closed several strategic transactions, including the sale of retail assets for $390 million and the drop-down of the Wink to Webster pipeline into DKL. The logistics segment achieved a record quarterly EBITDA of $106.1 million.
- Net loss of $76.8 million or $(1.20) per share, with an adjusted net loss of $93.0 million or $(1.45) per share.
- Adjusted EBITDA for the quarter was $70.6 million, significantly lower than $345.1 million in the prior year.
- Successfully closed the sale of retail assets for $390 million and completed the drop-down of the Wink to Webster pipeline into DKL.
- Logistics segment reported a record quarterly Adjusted EBITDA of $106.1 million, an increase from $96.5 million in the prior year quarter.
Headline financials
Revenue & EPS history
Delek US · Revenue · Quarterly
$3.04B
Revenue by segment
Delek US · $3.88K total across 2 segments · Q4 2024
- Refining$3.78K—97.4%
- Logistics$99.4—2.6%
Forward guidance
Delek US plans to continue executing on priorities including safe operations, midstream deconsolidation, Enterprise Optimization Plan efforts, and delivering shareholder value while maintaining financial strength and flexibility.
Tailwinds
- Continued focus on safe and reliable operations.
- Further progress on midstream deconsolidation efforts.
- Execution of the Enterprise Optimization Plan (EOP) to increase profitability by at least $100 million.
- Commitment to delivering shareholder value.
- Maintaining financial strength and flexibility.
Headwinds
- Uncertainty related to timing and amount of future share repurchases and dividend payments.
- Risks and uncertainties regarding crude oil quantities, costs, and refined petroleum product prices.
- Uncertainties regarding future decisions by OPEC on production and pricing.
- Risks related to the integration of Delaware Gathering business by Delek Logistics.
- Potential for diminishment in fair value of acquired assets, possibly requiring write-downs or impairments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+1.1%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+5.2%
Avg return
30 days after
46%
12 / 26 earnings
Positive
+13.7%
Q1 2026
Best reaction
-6.8%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +13.7% | +17.0% | +8.4% | |
| Q4 2025 | +4.8% | +18.7% | +30.4% | |
| Q3 2025 | +5.7% | +4.2% | -7.1% | |
| Q2 2025 | -4.9% | -1.8% | +48.6% | |
| Q1 2025 | +1.4% | +11.3% | +38.3% | |
| Q4 2024 | +4.3% | +5.0% | +3.4% | |
| Q3 2024 | -0.7% | +7.3% | -15.2% | |
| Q2 2024 | +0.0% | -4.8% | -3.4% | |
| Q1 2024 | +0.0% | +8.6% | -11.1% | |
| Q3 2023 | -1.3% | +0.1% | -0.8% | |
| Q2 2023 | +2.7% | +2.9% | +12.1% | |
| Q1 2023 | +1.8% | +3.1% | +12.3% | |
| Q3 2022 | -0.6% | +0.1% | -22.6% | |
| Q2 2022 | -0.2% | +7.1% | +14.5% | |
| Q1 2022 | -2.6% | -13.2% | +10.2% | |
| Q3 2021 | +3.1% | -0.2% | -10.6% | |
| Q2 2021 | +3.4% | -0.4% | +0.6% | |
| Q1 2021 | -1.9% | -6.4% | -1.2% | |
| Q3 2020 | +0.0% | +18.5% | +45.2% | |
| Q2 2020 | -6.8% | -0.7% | -3.6% | |
| Q1 2020 | +12.8% | -4.5% | +18.6% | |
| Q3 2019 | +1.1% | +0.0% | -10.8% | |
| Q2 2019 | -1.2% | -8.2% | -1.6% | |
| Q1 2019 | -3.8% | -9.7% | -7.2% | |
| Q3 2018 | +0.5% | -4.4% | -2.4% | |
| Q2 2018 | -1.6% | -6.0% | -9.7% |
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