Delek US (NYSE:DK) Announces Quarterly Earnings Results, Beats Estimates By $2.50 EPS

Delek US (NYSE:DK) released its quarterly earnings results on Friday. The oil and gas company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $2.50, FiscalAI reports. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.Delek US’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.54) EPS.

Here are the key takeaways from Delek US’s conference call:

• The company raised its Enterprise Optimization Plan (EOP) target to at least $200 million annual run rate, saying EOP contributed about $50 million to Q4 results and is a sustained, company-wide initiative to boost free cash flow.
• Management monetized the bulk of 2023–2024 RINs (~$360 million) and used proceeds to pay down the Inventory Intermediation Agreement (~$380 million), which they expect will cut annual interest expense by at least $40 million and improve free cash flow.
• Delek Logistics (DKL) delivered a record ~$536 million adjusted EBITDA in 2025, gave 2026 guidance of $520–$560 million, and expects pro forma third‑party EBITDA to exceed 80%, supporting the company’s sum‑of‑the‑parts / deconsolidation strategy.
• Refining results were the main drag on quarter‑to‑quarter adjusted EBITDA (down ~$91 million excluding SREs) and Big Spring’s planned Q1 2026 turnaround will lower throughput, with system throughput guidance of 240,000–259,000 bpd for Q1 and elevated operating expenses.
• While management is confident SREs remain a durable policy and expects additional monetizations in early 2026, recognition of pre‑2023 RINs and future SRE values remain dependent on EPA decisions and carry execution/legislative risk.

Delek US Trading Up 3.8%

DK traded up $1.38 during midday trading on Friday, reaching $37.76. 2,905,502 shares of the company were exchanged, compared to its average volume of 1,530,477. The stock has a market capitalization of $2.27 billion, a P/E ratio of -4.63 and a beta of 0.84. Delek US has a one year low of $11.02 and a one year high of $43.50. The stock’s 50-day simple moving average is $30.97 and its 200 day simple moving average is $32.47. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.58 and a current ratio of 0.86.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.02 annualized dividend and a yield of 2.7%. Delek US’s dividend payout ratio is presently -12.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, January 21st. TD Cowen increased their price objective on shares of Delek US from $28.00 to $36.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. UBS Group boosted their price target on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. JPMorgan Chase & Co. reduced their target price on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Finally, Piper Sandler dropped their price target on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its stake in Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Delek US in the 3rd quarter valued at $27,000. Focus Partners Wealth bought a new stake in shares of Delek US in the 3rd quarter valued at $44,000. Aster Capital Management DIFC Ltd raised its stake in Delek US by 23.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after buying an additional 425 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Delek US during the fourth quarter worth about $79,000. Institutional investors own 97.01% of the company’s stock.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.