Delek US Holdings (DK)
NYSE:DK
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.14Last Year’s EPS
-0.56Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of meaningful operational and strategic positives — successful Big Spring turnaround, a raised EOP target with tangible near-term P&L contribution, strong midstream (DKL) momentum, robust operating cash flow and record Logistics Q1 performance — but these were counterbalanced by a GAAP net loss, segment-level losses in Supply & Marketing, and substantial regulatory and commodity-price risk from rising RIN costs and uncertainty around SRE timing and magnitude. Management expressed confidence in capture opportunities from current market dislocations and emphasized capital discipline, but material downside risk remains tied to RVO/RIN outcomes and near-term turnaround impacts.Company Guidance
Big Spring Turnaround Successfully Completed
Planned Big Spring turnaround completed safely, on budget, and on time; refinery running at full capacity. Management expects improved reliability, optimized crude slate, better product yields, higher octane/blending capabilities and no further planned turnarounds for 2026 (highest spending quarter now behind them).
Enterprise Optimization Plan (EOP) Upsized
EOP target raised to at least $220 million on an annual run-rate basis. Estimated contribution of approximately $60 million to P&L in 2026. Management highlights cultural adoption of EOP across the company and cites mid-cycle free cash flow potential of $600–$700 million (estimated as ~20%–30% of current market capitalization).
Delek Logistics (DKL) Momentum
DKL reaffirmed 2026 EBITDA guidance of $520 million to $560 million. Pro forma expectation for third-party EBITDA to exceed 80%, completion of first acid gas injection well, continued growth investments (~$42 million of $50 million invested in DKL projects this quarter), and 53 consecutive distribution increases demonstrating consistent midstream value creation.
Strong Operational Cash Flow
Cash flow provided by operations of $461 million in the quarter. Adjusted EBITDA of approximately $212 million and adjusted net income of about $5 million (or $0.08 per share).
Logistics Segment Best Q1 on Record
Logistics delivered its best first quarter to date with approximately $132 million of adjusted EBITDA, despite an approximate $10 million negative impact from winter storm Fern.
Disciplined Capital Allocation and Shareholder Returns
Company paid approximately $16 million in dividends during the quarter, reiterated a balanced capital allocation approach (dividends, buybacks, balance sheet) and emphasized continued discipline given improved reliability and EOP uplift. Management indicated they see value in the share price and remain optimistic about returning capital.
Q2 Throughput and 2026 Expense Guidance
Implied system throughput guidance for Q2 of 293,000–313,000 barrels per day with refinery-level guidance provided (Tyler 72k–77k bpd; El Dorado 78k–83k; Big Spring 65k–70k; Krotz Springs 78k–83k). 2026 guidance includes operating expenses $215M–$225M, G&A $47M–$52M, D&A $105M–$115M, net interest expense $80M–$90M.
DK Earnings History
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 |
|---|---|---|---|
Apr 29, 2026 | $41.04 | $46.67 | +13.72% |
Feb 27, 2026 | $36.14 | $37.85 | +4.76% |
Oct 29, 2025 | $36.93 | $37.72 | +2.14% |
Aug 06, 2025 | $20.54 | $19.54 | -4.89% |
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 Aug 11, 2026, After Close (Confirmed).
What is Delek US Holdings (DK) earnings time?
Delek US Holdings (DK) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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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 2026 (Q2) is 2.14.