DK expects a total crude throughput of 255,000-269,000 barrels per day and a total throughput of 278,000-292,000 barrels per day in the first quarter of 2025.
The headline numbers for Delek US Holdings (DK) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Delek US Holdings (DK) came out with a quarterly loss of $2.54 per share versus the Zacks Consensus Estimate of a loss of $2.89. This compares to loss of $1.46 per share a year ago.
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (NYSE:DK) (“Delek”) today announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on March 10, 2025, to shareholders as of record on March 3, 2025. About Delek US Holdings, Inc. Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. The refining assets consist primarily of refineries operated in Tyler.
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (NYSE:DK) (“Delek”) today announced that the Company intends to issue a press release summarizing fourth-quarter 2024 results before the U.S. stock market opens on Tuesday, February 25, 2025. A conference call to discuss these results is scheduled to begin at 10:00 a.m. CT on Tuesday, February 25, 2025. Interested parties may listen to the conference call by visiting Delek's website at www.DelekUS.com and clicking on Events & Presen.
Heartland Advisors, an investment management firm, published its fourth quarter 2024 investor letter for the "Heartland Value Fund." You can download the letter here. In the fourth quarter, the fund increased by 1.97%, while the Russell 2000 Value Index dropped by 1.06%, showing that the fund performed better than the benchmark over the last 1, 3, and other periods.
DK capitalizes on logistics growth and deconsolidation but faces risks from volatile refining margins, high debt and limited growth in refining operations.
Delek US Holdings endured negative operating cash flow during Q2 and Q3 2024 due to weakening refining margins. Despite this cash burn and the potential for a downturn during 2025, it seems their dividends are safe for now. Management made sustaining their dividends their "first" priority, which is supported by their ample liquidity and no short-term debt maturities.
DK expects a total crude throughput of 255,000-269,000 barrels per day and a total throughput of 265,000-276,000 barrels per day in the fourth quarter.
Delek US Holdings (DK) came out with a quarterly loss of $1.45 per share versus the Zacks Consensus Estimate of a loss of $1.71. This compares to earnings of $2.02 per share a year ago.