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Last $28.68 USD
Change Today -0.87 / -2.94%
Volume 636.2K
DK On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

delek us holdings inc (DK) Key Developments

Delek US Holdings, Inc. Provides Capital Expenditures Guidance for the Year 2015

Delek US Holdings, Inc. provided capital expenditures guidance for the year 2015. 2015 capital expenditures are forecast to be approximately $240 million. This amount includes $173 million in refining segment, $20 million in logistics segment, $24 million in retail segment and $23 million at the corporate level. This is an increase from approximately $226 million in previous 2015 forecast, which is primarily driven by plans to build 6 new large-format stores in the second half of this year. It expects the income tax rate for 2015 to be 28% to 30% excluding the non-controlling interest. This guidance for 2015 is lower than previous range of 35% to 36%.

Delek US Eyes Acquisitions

Delek US Holdings, Inc. (NYSE:DK) plans to make acquisitions. Uzi Yemin, Chairman, President and Chief Executive Officer of the company said: “With a large investment program in refining behind us, our capital expenditure needs are expected to decline in the coming quarters to a base maintenance level of less than $100 million per year. Our efforts are focused on allocating our capital to continue to grow. Acquisitions remain a priority, as shown by our Alon USA transaction. Also we believe that the acquisition environment in the logistics area have been improving, with the change in commodity prices and valuations. And we are continuing to explore opportunities. Our conservative financial position should allow us to support our growth initiative while continuing to return cash to our shareholders.”

Delek US Holdings, Inc. Declares Quarterly Dividend, Payable on September 15, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Delek US announced that its Board of Directors had declared its regular quarterly cash dividend of $0.15 per share. Shareholders of record on August 25, 2015 will receive this cash dividend payable on September 15, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's net sales were $1,693.1 million compared to $2,374.7 million a year ago. Operating income was $79.8 million compared to $106.0 million a year ago. Operating income in the second quarter 2014 included a one-time non-cash expense of approximately $22.6 million before tax related to the financial settlement under the restated supply and offtake agreement with J Aron. Income before income tax expense was $70.2 million compared to $95.8 million a year ago. Net income was $55.1 million compared to $63.2 million a year ago. Net income attributable to the company was $48.3 million compared to $54.9 million a year ago. Diluted earnings per share was $0.79 compared to $0.92 a year ago. Capital spending (excluding business combinations) was $47.7 million compared to $39.1 million a year ago. Second quarter 2015 results included a $15.3 million net hedging loss, of which $13.4 million was unrealized. There was approximately $22.8 million of costs that reduced performance in the period, which includes the unrealized hedging loss, expenses related to the Alon USA transaction, higher depreciation due to asset disposals and unanticipated pipeline related expenses. Results in the second quarter 2015 benefited from increased throughput at the Tyler, Texas refinery and a higher WTI Gulf Coast 5-3-2 crack spread on a year-over-year basis. For the six months, the company's net sales were $2,843.7 million compared to $4,240.4 million a year ago. Operating income was $71.9 million compared to $173.7 million a year ago. Income before income tax expense was $53.5 million compared to $154.4 million a year ago. Net income was $44.4 million compared to $102.5 million a year ago. Net income attributable to the company was $32.2 million compared to $88.6 million a year ago. Diluted earnings per share was $0.54 compared to $1.48 a year ago. Capital spending (excluding business combinations) was $138.4 million compared to $153.4 million a year ago. Net cash provided by operating activities was $92.4 million compared to $172.0 million a year ago.

Delek US Holdings, Inc. to Report Q2, 2015 Results on Aug 03, 2015

Delek US Holdings, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 03, 2015

Delek US Holdings, Inc., Q2 2015 Earnings Call, Aug 04, 2015

Delek US Holdings, Inc., Q2 2015 Earnings Call, Aug 04, 2015

 

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DK Competitors

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Company Last Change
Alon USA Energy Inc $17.34 USD -0.46
Calumet Specialty Products Partners LP $25.62 USD -0.34
CVR Energy Inc $38.67 USD -0.54
CVR Refining LP $18.20 USD -0.11
TravelCenters of America LLC $11.48 USD -0.07
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Industry Analysis

DK

Industry Average

Valuation DK Industry Range
Price/Earnings 12.2x
Price/Sales 0.3x
Price/Book 1.5x
Price/Cash Flow 7.1x
TEV/Sales 0.0x
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