Financial Performance & Liquidity - Delek Logistics reported another record quarter[10] - Delek US increased consolidated financial liquidity by approximately $250 million[11, 26] - Delek US spent $32 million in buybacks and $16 million in dividends, representing approximately a 20% yield[11] - Delek US reiterates 2025 Adjusted EBITDA guidance of $480 - $520 million[11] - Delek US's net loss was $(172.7) million, or $(2.78) per share, but adjusted net loss was $(144.4) million, or $(2.32) per share[49] - Delek US's Adjusted EBITDA was $26.5 million[49] Strategic Objectives & Initiatives - Delek is on track to achieve at least $120 million cash flow improvement through the enterprise optimization plan (EOP)[11, 13, 16] - Delek Logistics' third-party contribution is expected to increase to approximately 80% on a pro-forma basis due to new intercompany transactions[11, 13, 26, 34] - El Dorado's EOP initiatives are focused on generating free cash flow through cycle, with a $50 million margin improvement plan[19] Operational Throughput - Total refining throughput for 1Q25 was 2892 MBPD[47] - Tyler throughput was 348 MBPD in 4Q24 and 2665 MBPD in 1Q25[47]

"Looking ahead, we will continue to execute on our priorities of running safe and reliable operations, making further progress on midstream deconsolidation, improving cash flow generation by at least $120 million, and delivering shareholder value while maintaining our financial strength and flexibility," Soreq concluded. Delek US Results | | | | Three Months Ended March 31, | | | --- | --- | --- | --- | --- | | ($ in millions, except per share data) | 2025 | | | 2024 | | Net loss attributable to Delek US | ...

Company Overview - Delek US Holdings (DK) is expected to report a year-over-year decline in earnings due to lower revenues, with a projected quarterly loss of $1.75 per share, reflecting a change of -326.8% [3][12] - Revenues are anticipated to be $2.43 billion, down 24.6% from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for May 7, 2025, and could influence stock movement based on whether actual results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised 3.55% higher in the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP for Delek US Holdings is +18.05%, suggesting a likelihood of beating the consensus EPS estimate [11] - The company has a Zacks Rank of 3, indicating a hold position, which combined with the positive Earnings ESP suggests a potential earnings beat [11] Historical Performance - In the last reported quarter, Delek US Holdings was expected to post a loss of $2.89 per share but actually reported a loss of $2.54, resulting in a surprise of +12.11% [12] - The company has successfully beaten consensus EPS estimates in the last four quarters [13] Industry Context - Marathon Petroleum (MPC), a peer in the oil and gas refining and marketing industry, is expected to report earnings per share of $0.63 for the same quarter, reflecting a year-over-year change of -122.7% [17] - Marathon Petroleum's revenues are projected to be $30.09 billion, down 9.4% from the previous year [17]

Group 1: Trade and Market Impact - Investors showed relief on April 22 due to signs of easing trade tensions, with hints from President Trump and Treasury Secretary Scott Bessent about potential reductions in the 145% tariffs on Chinese goods [1] - The positive developments regarding tariffs have led to a bullish market trend since April 22, with expectations of further gains as more tariff-related good news is anticipated [2] Group 2: Stock Screening and Recommendations - A screening process has been designed to identify stocks based on improving broker recommendations and upward revisions in earnings estimates over the past four weeks, incorporating the price/sales ratio as a complementary valuation metric [3] - The screening criteria include a net upgrade in ratings, percentage change in earnings estimates, price-to-sales ratio, stock price above $5, average daily volume over 100,000 shares, and market capitalization in the top 3000 [4][5] Group 3: Featured Stocks - Avis Budget operates as a leading vehicle rental operator with a fleet of nearly 695,000 vehicles, benefiting from strong demand in North America [6] - ABM Industries provides integrated facility solutions and has a strong earnings surprise history, with an average beat of 9.6% over the last four quarters [7] - CVR Energy focuses on renewable energy and petroleum refining, committed to developing renewable biofuels [9] - Delek US Holdings is an independent refiner with significant competitive advantages in the Permian Basin, achieving an average earnings beat of 22.3% [10][11] - Asbury Automotive Group's diversified product mix and e-commerce platform, Clicklane, are driving growth and improving its risk profile [11][12]

Core Insights - Delek US Holdings, Inc. (DK) is a significant player in the U.S. downstream energy sector, focusing on refining and logistics, converting crude oil into essential fuels and managing their transportation and storage [1][2] - The stock has experienced volatility due to fluctuating refining margins, crude oil prices, and industry dynamics, leading to mixed investor sentiment regarding long-term gains versus short-term challenges [1][2] Business Model and Operations - DK operates a diversified business model, engaging in both refining and logistics, which provides stability even when one segment faces challenges [3] - The company runs four strategically located refineries with a total capacity of 302,000 barrels per day, benefiting from strong refining margins, particularly in the Mid-Continent and Gulf Coast regions [4] - DK's operations in the Permian Basin allow it to source crude oil at lower prices, reducing refining costs and enhancing profitability [5] - Investments in refining equipment are aimed at improving operations, lowering costs, and enhancing fuel quality, making DK's facilities more competitive [6] Challenges and Competitive Landscape - DK faces risks related to supply disruptions, which could impact production and financial performance [7] - Dependence on crude production from the Permian Basin poses a risk; any slowdown could increase feedstock costs and diminish competitive advantages [8] - Increasing competition from larger refiners with better economies of scale and financial resources could impact DK's market share and profitability [9] - DK's share price has underperformed compared to peers, losing 18.5% over the last three months, while the overall oil and gas sector increased by 3.9% [10] Summary of Performance - Despite a strong and diversified business model, DK faces several challenges, including potential supply disruptions, competition, and reliance on the Permian Basin for crude supply [14][15] - The recent underperformance compared to peers raises concerns among shareholders regarding the company's growth and investment value [10][15]

A month has gone by since the last earnings report for Delek US Holdings (DK) . Shares have added about 6.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Delek US Holdings due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It ...

Delek US Holdings, Inc. (DK) reported a fourth-quarter 2024 adjusted net loss of $2.45 per share, narrower than the Zacks Consensus Estimate of a loss of $2.89, owing to lower year-over-year operating costs. The figure was wider than the year-ago quarter’s loss of $1.46 per share. The loss was due to the Refining segment's weak year-on-year contributions.Net revenues decreased 39.8% year over year to $2.4 billion.  The figure also missed the Zacks Consensus Estimate by $176 million.Find the latest EPS estim ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 18 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38142 DELEK US HOLDINGS, INC. (Exact name of registrant as specified in its charter) | Delaware | | 35-2581557 | | --- | --- | --- | ...

For the quarter ended December 2024, Delek US Holdings (DK) reported revenue of $2.37 billion, down 41.4% over the same period last year. EPS came in at -$2.54, compared to -$1.46 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.55 billion, representing a surprise of -6.92%. The company delivered an EPS surprise of +12.11%, with the consensus EPS estimate being -$2.89.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

Exhibit 99.2 Fourth Quarter 2024 Earnings Conference Call February 25, 2025 2 Big Spring Refinery, Big Spring, TX El Dorado Refinery, El Dorado AR Overview • EOP & SOTP efforts • Operations: Another Safe and Reliable Quarter ◦ Successfully completed KSR Turnaround in 4Q'24 ◦ Further progress towards Midstream deconsolidation ◦ Working on additional deconsolidation options ◦ Original cost reductions (ZBB) exceeding $100mm target ◦ On track to achieve upper-end of $80 - $120mm cash flow improvement through en ...