Delek US (NYSE:DK) Releases Earnings Results, Beats Expectations By $5.50 EPS

Delek US (NYSE:DK) announced its quarterly earnings data on Friday. The oil and gas company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.05 by $5.50, FiscalAI reports. The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%. Delek US’s revenue was up 52.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.13 earnings per share.

Here are the key takeaways from Delek US’s conference call:

• Delek reported third-quarter adjusted net income of about $843 million and adjusted EBITDA of about $1.28 billion. Excluding the 50% RVO adjustment and small-refinery exemption impacts, adjusted EBITDA was about $1.04 billion and adjusted EPS was $10.53.
• The company raised its Enterprise Optimization Plan target to at least $250 million in annual run-rate improvements, citing about $60 million of contribution in Q3 and stronger refining capture rates. Management said all four refineries ran reliably and Big Spring has exceeded its post-turnaround value-creation targets.
• Delek received small-refinery exemptions for all four refineries for 2025 and expects about $425 million in proceeds in Q4; management estimates the total accounting benefit at current RIN prices could reach $750 million–$800 million. Executives said the company intends to remain compliant but did not disclose its RIN position or detailed monetization strategy, and future relief remains dependent on policy.
• Delek increased its quarterly dividend by about 18% to $0.30 per share and expects roughly $100 million in Q4 share repurchases. Standalone Delek ended the quarter with about $22 million in net cash, and management said it does not plan to hold excess cash.
• Delek Logistics raised its 2026 EBITDA guidance to $530 million–$560 million and expects another $60 million of run-rate EBITDA from organic projects in 2027. Delek said third-party EBITDA is expected to exceed 80% on a pro forma basis, supporting its sum-of-the-parts strategy, though management gave no timeline for reducing its ownership below 50%.

Delek US Stock Performance

DK stock opened at $63.66 on Friday. Delek US has a one year low of $25.85 and a one year high of $82.27. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 3.38, a PEG ratio of 0.47 and a beta of 0.61. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. The firm has a 50-day simple moving average of $73.68 and a two-hundred day simple moving average of $53.75.

Delek US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Delek US’s previous quarterly dividend of $0.2550. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. Delek US’s payout ratio is currently 28.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Raymond James Financial reissued an “outperform” rating and set a $95.00 price target on shares of Delek US in a research report on Friday. Weiss Ratings upgraded shares of Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Morgan Stanley boosted their price target on shares of Delek US from $45.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday, September 14th. Finally, The Goldman Sachs Group upped their price target on shares of Delek US from $83.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.42.

Delek US News Roundup

Here are the key news stories impacting Delek US this week:

• Positive Sentiment: For Q3 2026, adjusted EPS was $13.55, versus the $8.05 FactSet estimate, while revenue of $4.39 billion exceeded the $3.88 billion consensus and rose 52.1% year over year. Reports attributed the strong results to refining performance and margins. Earnings results
• Positive Sentiment: Management raised its Enterprise Optimization Plan improvement guidance to at least $250 million from $220 million, signaling confidence in further operational gains and cash-flow generation. Company results release
• Positive Sentiment: Delek is targeting $100 million in share repurchases during Q4, which could support per-share value if completed. Buyback and improvement plan

Insider Transactions at Delek US

In related news, EVP Mark Hobbs sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $64.59, for a total transaction of $1,291,800.00. Following the completion of the transaction, the executive vice president owned 104,326 shares in the company, valued at $6,738,416.34. The trade was a 16.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Sullivan, Jr. sold 27,688 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $69.01, for a total transaction of $1,910,748.88. Following the sale, the director directly owned 32,004 shares of the company’s stock, valued at $2,208,596.04. The trade was a 46.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 163,377 shares of company stock worth $11,082,485. 3.56% of the stock is owned by corporate insiders.

Delek US Company Profile

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.