Delek US Holdings Inc (DK)

Several events impacted Delek US Holdings' stock price in the past six months. A positive Q3 2025 earnings report, with a net income of $178.0 million and adjusted EPS of $7.13, led to a pre-market stock increase. The unveiling of an Enterprise Optimization Plan, expected to add at least $180 million in annual cash flow, and 2026 guidance were also significant. Refining margin volatility, including an adjusted EBITDA loss in Q1 2025, was experienced. Insider selling occurred in November 2025, with insiders selling more company stock than they bought over the past three months.

Demand for Delek US Holdings' products and services exhibits seasonality, particularly in its refining segment. Refining margins are expected to improve in the second quarter due to seasonal gasoline demand and tighter supply conditions. The company's refineries are well-positioned to capitalize on higher crack spreads during these periods.

Delek US Holdings, Inc., founded in 2001 and headquartered in Brentwood, Tennessee, operates in the Oil & Gas Refining and Marketing sector. The company's core business includes petroleum refining, logistics, and renewable fuels, producing transportation motor fuels, asphalt, and biodiesel. Its operations are divided into Refining, which processes crude oil, and Logistics, which handles the gathering, transportation, and storage of crude oil, natural gas, and refined products.

Delek US Holdings' refining operations are located in the southern and southwestern United States, with four inland refineries in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana. The Logistics segment's operations are concentrated in the southeastern United States, West Texas, and the Delaware Basin in New Mexico.

Delek US Holdings has been recognized for its operational performance and strategic initiatives, ranking 336 in the Fortune 500 in 2025 and recognized as an ESG leader. The company has faced challenges related to market volatility and regulatory pressures, including a lawsuit against Marex and BTX over refinery damage. The company's stock performance has been impacted by declining revenues and high leverage.

Delek US Holdings, Inc. has a diverse ownership structure, with a significant portion held by institutional investors, approximately 80.99% to 97.01%. Major institutional owners include Vanguard Group Inc. and BlackRock, Inc.. Major individual owners include Itshak Sharon, owning 56.18% of the company, Carl C. Icahn, owning 24.12% of the company and Avi Geffen, owning 10.00% of the company.