The earnings call highlighted significant progress in Delek's Enterprise Optimization Plan, operational achievements, and financial liquidity improvements. However, the company faced financial challenges, including a net loss and high operating expenses. Overall, the highlights and lowlights are balanced, reflecting both positive strategic advancements and financial hurdles.

Company Guidance

During Delek U.S.'s second quarter earnings call, the company provided updated guidance and discussed various metrics and strategic initiatives. The Enterprise Optimization Plan (EOP) guidance was increased to $130 million to $170 million on a run rate basis, with $30 million of EOP cash flow improvements already realized in the quarter. Delek Logistics aims to meet its 2025 EBITDA guidance of $480 million to $520 million and has achieved a strong financial liquidity position with over $1 billion. Operational performance was notable, with Big Spring, Tyler, El Dorado, and Krotz Springs refineries showing strong throughput and operational metrics. Delek reported a net loss of $106 million for the quarter, but adjusted EBITDA was $170.2 million. The company also highlighted a commitment to capital allocation, having paid $16 million in dividends and repurchased $13 million of shares. Overall, Delek expressed optimism for the second half of 2025, underpinned by strategic execution and operational improvements.

Enterprise Optimization Plan (EOP) Progress

Delek increased its EOP guidance to $130 million to $170 million on a run rate basis. Approximately $30 million of EOP cash flow improvement was realized in the quarter, achieving the prior target of $120 million one quarter ahead of schedule.

Operational Achievements

Delek reported record throughput in the quarter, with strong performance at the Big Spring refinery and other locations. The company's refining margins increased by $0.96 per barrel compared to the second quarter of 2024.

Financial Liquidity and Growth

Delek Logistics increased financial liquidity through a successful high-yield offering, with over $1 billion of liquidity at DKL. This financial flexibility supports growth and economic separation from DK.

Positive Supply and Marketing Contribution

Supply and marketing contributed a gain of $26 million, with $19 million from wholesale marketing and $7 million from supply, positively impacted by seasonal trends and EOP improvements.

Delek US Holdings (DK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	-0.53 / -	-1.45	―	―	―
Aug 06, 2025	2025 (Q2)	-0.88 / -0.56	-0.92	39.13% (+0.36)
May 07, 2025	2025 (Q1)	-2.42 / -2.32	-0.41	-465.85% (-1.91)
Feb 25, 2025	2024 (Q4)	-2.81 / -2.54	-1.46	-73.97% (-1.08)
Nov 06, 2024	2024 (Q3)	-1.68 / -1.45	2.02	-171.78% (-3.47)
Aug 06, 2024	2024 (Q2)	-1.33 / -0.92	1	-192.00% (-1.92)
May 07, 2024	2024 (Q1)	-0.43 / -0.41	1.37	-129.93% (-1.78)
Feb 27, 2024	2023 (Q4)	-1.28 / -1.46	0.88	-265.91% (-2.34)
Nov 07, 2023	2023 (Q3)	1.40 / 2.02	0.02	10000.00% (+2.00)
Aug 07, 2023	2023 (Q2)	0.73 / 1.00	4.4	-77.27% (-3.40)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$20.81	$19.79	-4.90%
May 07, 2025	$13.63	$13.64	+0.07%
Feb 25, 2025	$15.67	$15.68	+0.06%
Nov 06, 2024	$15.02	$16.31	+8.59%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Delek US Holdings (DK) report earnings?

Delek US Holdings (DK) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Delek US Holdings (DK) earnings time?

Delek US Holdings (DK) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is DK EPS forecast?

DK EPS forecast for the fiscal quarter 2025 (Q3) is -0.53.

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