NYSE$DK

Delek US Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Delek US reported a net loss in Q4 2023, with strong performance in logistics and retail segments, despite a challenging refining market.

Delek US Holdings reported a net loss of $164.9 million for Q4 2023, or $2.57 per share, with an adjusted net loss of $93.2 million. Despite a less favorable market environment for refining, the company achieved record total throughput in refining and strong results in its logistics and retail segments. The company returned $35.4 million to shareholders and reduced debt by $38.2 million in the quarter.

  • Net loss of $164.9 million ($2.57 per share) and adjusted net loss of $93.2 million ($1.46 per share) in Q4 2023.
  • Refining segment delivered a record total throughput rate despite a challenging market, with adjusted EBITDA of $(10.4) million.
  • Logistics segment achieved a record quarter with adjusted EBITDA of $99.4 million, driven by strong contributions from Midland and Delaware Gathering systems.
  • Retail segment's adjusted EBITDA increased to $9.3 million, primarily due to higher inside store margins and total retail fuel gallons sold.

Headline financials

Total Revenue

$4.05K

No prior period
EPS (adj)

-$1.46

No prior period
Adjusted EBITDA

$60.60

No prior period
Refining Adjusted EBITDA

-$10.40

No prior period
Logistics Adjusted EBITDA

$99.40

No prior period
Total Consolidated Long-Term Debt

$2.6K

No prior period
Net Debt Consolidated

$1.78K

No prior period
Cash Excluding DKL

$818.40

No prior period
Long-Term Debt Excluding DKL

$896.00

No prior period
Net Debt Excluding DKL

$77.60

No prior period
Net Income

-$160.10

No prior period
Operating Income

-$137.70

No prior period
Gross Profit

-$135M

No prior period
Cash & Equivalents

$822.20

No prior period
Total Assets

$7.17K

No prior period

Revenue & EPS history

Delek US · Revenue · Quarterly

$4.05K

Q4 2024
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Revenue by segment

Delek US · $3.88K total across 2 segments · Q4 2024

  • Refining
    $3.78K
  • Logistics
    $99.4

Forward guidance

Delek US estimates its 2024 capital program to be approximately $330 million, focusing on maintaining safe and reliable operations, enhancing its portfolio with strategic growth projects, and delivering shareholder value while maintaining financial strength and flexibility.

Tailwinds

  • 2024 capital expenditures are estimated to be lower than 2023, at approximately $330 million.
  • The capital program reflects a dedication to maintaining safe and reliable operations.
  • Strategic growth projects are planned to enhance the portfolio.
  • The company aims to deliver shareholder value while maintaining financial strength and flexibility.
  • Well-positioned from both operational and financial standpoints to deliver competitive returns.

Headwinds

  • No specific negative forward guidance points were explicitly stated in the provided text.

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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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