Delek US Holdings Q3 revenue rises, beats analyst estimates
Overview
US downstream energy firm's Q3 revenue rose and beat analyst expectations
Adjusted EPS for Q3 rose sharply yr/yr
Company repurchased $50 mln in stock, plans up to $100 mln buyback in Q4
Outlook
Delek Logistics raises 2026 adjusted EBITDA guidance to $530-560 mln
Company increases EOP annual run-rate cash flow improvement guidance to at least $250 mln
Company expects to benefit from constructive margin environment for rest of 2026
Result Drivers
MARGIN ENVIRONMENT - Co said higher refining margins, smooth operations, and strong distillate and jet yields drove quarterly results
CRACK SPREADS - Co said benchmark crack spreads rose 191% yr/yr, boosting refining segment performance
WHOLESALE MARGINS - Higher margins in the wholesale business and increased interest income supported logistics segment results
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $4.39 bln | $3.92 bln (9 Analysts) |
Q3 Adjusted EPS | $13.55 | ||
Q3 EPS | $18.22 | ||
Q3 Adjusted Net Income | $843 mln | ||
Q3 Net Income | $1.13 bln | ||
Q3 Adjusted EBITDA | $1.28 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"
Wall Street's median 12-month price target for Delek US Holdings Inc is $84.50, about 35.2% above its November 5 closing price of $62.49
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 11 three months ago
Reuters Recommended Reads
Nov 3 - Marathon profit beats estimates on soaring margins; strikes $4.2 billion refinery deal with CVR
Nov 3 - Marathon Petroleum Q3 adjusted EPS beats estimates on higher crack spreads
Nov 3 - CVR Energy Q3 sales and adjusted EPS beat estimates on higher crack spreads
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)