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Delek US Holdings Q3 revenue rises, beats analyst estimates

By Reuters News


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.)

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