Core Viewpoint - Delek US Holdings (DK) has shown strong performance over the past year with a 52% increase in share value, attributed to improved regulatory activities enhancing the company's financial position. However, shares have recently declined by approximately 25% from their recent highs [1]. Summary by Relevant Sections - **Company Performance**: Delek US Holdings has experienced a significant share price increase of 52% over the past year, indicating strong market performance [1]. - **Regulatory Impact**: The improvement in the company's financial position is largely due to favorable regulatory activities [1]. - **Recent Share Price Decline**: Despite the overall positive performance, shares have dropped about 25% from their recent highs, suggesting potential volatility or market corrections [1].

Core Viewpoint - The energy sector has several oversold stocks that present potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Delek US Holdings Inc (NYSE:DK) has an RSI value of 24, with a stock price decline of approximately 23% over the past month, reaching a 52-week low of $11.02 [5] - Par Pacific Holdings Inc (NYSE:PARR) has an RSI value of 27.9, with a stock price decline of around 24% over the past month, hitting a 52-week low of $11.86 [6] - PermRock Royalty Trust (NYSE:PRT) has an RSI value of 13.6, with a stock price decline of about 27% over the past month, reaching a 52-week low of $2.73 [6] Group 2: Price Actions and Analyst Ratings - Delek US Holdings closed at $29.66 after a 0.9% drop on Wednesday, with an analyst rating of Outperform and a price target raised from $45 to $51 [5] - Par Pacific closed at $35.14 after a 1.1% drop on Wednesday, with a capital expenditure guidance of $190 million to $220 million for 2026 [6] - PermRock Royalty Trust closed at $2.79 after a 4.6% drop on Wednesday, reporting second-quarter earnings of 10 cents per share, down from 11 cents per share year-over-year [6]

Core Viewpoint - The energy sector has several oversold stocks that present potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Delek US Holdings Inc (NYSE:DK) has an RSI value of 24, with a stock price decline of approximately 23% over the past month, reaching a 52-week low of $11.02 [5] - Par Pacific Holdings Inc (NYSE:PARR) has an RSI value of 27.9, with a stock price decline of around 24% over the past month, hitting a 52-week low of $11.86 [6] - PermRock Royalty Trust (NYSE:PRT) has an RSI value of 13.6, with a stock price decline of about 27% over the past month, reaching a 52-week low of $2.73 [6] Group 2: Price Actions and Analyst Ratings - Delek US Holdings closed at $29.66 after a 0.9% drop, with an analyst rating of Outperform and a price target raised from $45 to $51 [5] - Par Pacific closed at $35.14 after a 1.1% drop, with recent capital expenditure guidance announced [6] - PermRock Royalty Trust closed at $2.79 after a 4.6% drop, with second-quarter earnings reported at 10 cents per share, down from 11 cents per share year-over-year [6]

Group 1 - Callodine Capital Management fully liquidated its position in Delek US Holdings, selling all 717,245 shares, which represented 1.57% of its assets, resulting in a position reduction valued at $15.19 million [2][7] - Delek US Holdings has seen its stock price increase by 60% over the past year, reaching $29.66, significantly outperforming the S&P 500, which rose about 16% in the same period [3][4] - The company reported a revenue of $10.67 billion and a net income loss of $514.90 million for the trailing twelve months (TTM) [4][10] Group 2 - Delek US Holdings operates as an integrated downstream energy company, involved in refining, logistics, and retail operations, supplying a variety of petroleum products across multiple channels [6][9] - The company generated revenue primarily through refining operations, logistics services, and retail fuel and merchandise sales, serving a diverse customer base including oil companies and the U.S. government [9][10] - Recent financial results showed a profit of $178 million in the last quarter, a significant improvement from a $76.8 million loss the previous year, largely due to a $280.8 million benefit from government exemptions [10][11]

Company Overview - Delek US Holdings, Inc. (NYSE:DK) is a diversified downstream energy company specializing in petroleum refining, asphalt, renewable fuels, and logistics [2]. Price Target and Analyst Rating - Mizuho raised its price target on Delek US Holdings from $45 to $51, indicating a significant upside potential of over 72% from the current share price [2]. - Mizuho maintained its 'Outperform' rating on DK shares [2]. Financial Performance - Delek US Holdings has surpassed estimates in each of its three quarters so far in FY 2025 [5]. - The company recently raised its EBITDA guidance to $500-$520 million for the year [5]. - The share price of DK has soared by over 60% since the beginning of 2025 [5]. Market Context - The energy sector experienced a challenging year in 2025, primarily due to oversupply in gas storage and the oil market, which drove prices to a multi-year low [3]. - Mizuho recommends reallocating risk toward oil exploration and production (E&P) with a selective bias toward gas stocks, driven by high demand from rising LNG exports and record power demand [4].

Core Insights - Delek US Holdings, Inc. (DK) has outperformed the Oil Refining & Marketing sub-industry and the broader Oils & Energy sector, with a share price increase of 69% over the past 12 months compared to 14.4% and 7.5% respectively [1][7] Company Overview - Delek is a significant player in the U.S. downstream oil and gas sector, producing gasoline, diesel, and jet fuel, while managing a logistics network for product transportation [3] - The company's financial performance is influenced by crude oil prices, refining margins, and market conditions, necessitating a balance between long-term growth potential and short-term volatility [3] Financial Performance - In Q3 2025, Delek paid $15.3 million in dividends and repurchased approximately $15 million of its shares, indicating a strong commitment to shareholder returns [5][7] - The company reported revenues of $2.89 billion for Q3 2025, reflecting a 5.11% year-over-year decline, which may signal challenges in volume or pricing within its core operations [14] Strategic Initiatives - The wholesale marketing business contributed around $70 million in Q3 2025, driven by initiatives from the Enterprise Optimization Plan (EOP) aimed at enhancing profitability through optimized logistics and strategic market adjustments [8] - Delek is positioned to benefit from a leading role in the Permian sour gas market, with ongoing projects expected to drive growth in the midstream segment [9] Market Outlook - Management has indicated a positive outlook for Q4 2025, highlighting a strong start from EOP initiatives and a high distillate yield system of 42%, which may allow the company to capitalize on favorable market conditions [10]

Core Insights - Delek US Holdings' Director Ezra Uzi Yemin executed a modest sale of 7,388 shares, representing 4.25% of his direct holdings prior to the transaction, which is significantly smaller than his previous sale of 132,612 shares [1][3] Transaction Summary - The transaction involved the sale of 7,388 shares valued at approximately $281,300, with a post-transaction holding of 166,580 shares worth around $6.4 million [2][4] Market Context - The sale occurred when Delek US Holdings shares were priced at approximately $38.08, and the company reported a one-year total return of 87.9% as of December 11, 2025 [5][7] Company Overview - Delek US Holdings operates as a diversified downstream energy company, focusing on refining, logistics, and retail operations across the southern United States, capturing value throughout the petroleum supply chain [9][11] Recent Performance - The company reported third-quarter results with adjusted earnings of $7.13 per share, exceeding expectations, leading to raised price targets from analysts despite a recent pullback in stock price from a high of $43.50 to around $34 [12] Regulatory Impact - A significant factor in Delek's stock performance is the EPA granting the company more than half of its pending small refinery exemptions, which could add at least $150 million annually to earnings, benefiting smaller independent refiners like Delek [10]

Company Overview - Delek US Holdings is an integrated downstream energy company with operations in refining, logistics, and retail, managing four refineries and a network of pipelines and convenience stores [6][10] - The company generates revenue through refining operations, logistics services, and retail fuel and merchandise sales, primarily serving customers in the southern and southwestern United States [10] Financial Performance - For the trailing twelve months (TTM), Delek reported revenue of $10.7 billion and a net income of -$514.9 million [4] - In the third quarter, Delek achieved a net income of $178 million and an adjusted EBITDA of $759.6 million, significantly improved from $70.6 million a year ago [11] - The stock price as of Thursday was $37.61, reflecting a 99% increase over the past year, outperforming the S&P 500's 13% gain during the same period [3][4] Investment Insights - GeoSphere Capital Management established a new position in Delek, acquiring 150,000 shares valued at approximately $4.8 million, representing 3.7% of its $131.7 million in U.S. equities [2][3] - The investment indicates confidence in Delek's improved fundamentals and cash-flow strength, despite the stock being down roughly 40% from pre-pandemic highs [11][12] - Delek's operational improvements, expanding margins, and rising free cash flow capacity present potential upside for investors, especially with expected SRE grants of around $400 million in the coming months [12]

Core Insights - Delek US Holdings, Inc. (DK) has significantly outperformed its peers and the broader Oils & Energy sector, with a year-to-date increase of over 106.6%, compared to a 19% gain in the refining sub-industry and a 6% rise in the overall sector [1][7][21] Company Performance - DK's strong performance is attributed to exceptional earnings in Q3, with adjusted earnings per share of $1.52 and adjusted EBITDA of $759.6 million, bolstered by a $280.8 million benefit from Small Refinery Exemptions (SRE) [9][21] - The company anticipates approximately $400 million in cash inflow from SRE monetization over the next six to nine months, which will enhance financial flexibility and shareholder value [10][21] - Delek Logistics Partners (DKL), a subsidiary of DK, has raised its full-year 2025 EBITDA guidance to between $500 million and $520 million, indicating strong performance and growth potential [11] Market Position and Opportunities - DK is well-positioned in the U.S. downstream sector, producing essential fuels and operating a logistics network that supports the national fuel supply chain [3][4] - The company is capitalizing on opportunities in the Delaware Basin, leveraging its first-mover advantage in sour gas solutions, which is expected to drive further growth [12][21] Challenges and Risks - The company's refining business is exposed to cyclical and volatile refining margins, which could impact profitability despite strong operational execution [15][20] - Execution risks are present in midstream growth initiatives, particularly related to the ramp-up of new assets like the Libby 2 plant [17][20] - DK's consolidated net debt stands at $2.55 billion, which may limit financial flexibility during downturns and expose the company to risks associated with rising interest rates [19][20]

Core Insights - Delek US Holdings, Inc. (DK) reported third-quarter 2025 adjusted earnings per share of $1.52, significantly exceeding the Zacks Consensus Estimate of 28 cents, and showing a substantial improvement from the adjusted loss of $1.45 in the same quarter last year, driven by enhanced performance across segments and an 18.1% reduction in operating expenses [1][2][8] Financial Performance - Net revenues decreased by 5.1% year over year to $2.9 billion, primarily due to lower revenues from the refining segment, but still surpassed the Zacks Consensus Estimate by $177 million [2] - Adjusted EBITDA for the quarter was $759.6 million, a sharp increase from $70.6 million reported a year earlier, and also exceeded estimates by $177 million [2] - Total operating expenses fell by approximately 18.1% year over year to $2.6 billion, with capital program expenditures amounting to $90.6 million [8] Segment Performance - The refining segment achieved an adjusted EBITDA profit of $696.9 million, a significant rise from the $10.2 million profit in the prior-year quarter, surpassing profit estimates of $3.1 million [4][11] - The logistics segment reported adjusted EBITDA of $131.5 million, up from $106.1 million in the year-ago quarter, driven by recent acquisitions and higher wholesale margins, also beating estimates of $85.2 million [7][11] Dividends and Share Repurchase - The board of directors approved a regular quarterly dividend of 25.5 cents per share, to be paid on November 17, 2025, to shareholders of record as of November 10, 2025 [3] - During the same period, the company repurchased approximately $15 million worth of its common shares and distributed $15.3 million in dividends [3][11] Future Guidance - The company anticipates a strong close to the fourth quarter, with expected operating expenses between $205 million and $220 million, and general and administrative expenses of $52 million to $57 million [12] - Projected crude throughput is expected to remain healthy, ranging from 252,000 to 284,000 barrels per day [13] - For 2025, the company expects improved cash-flow visibility, targeting at least $180 million in annual run-rate improvement under the Enterprise Optimization Plan, and anticipates receiving about $400 million from the monetization of historical Small Refinery Exemption credits [14]