Reports Q3 revenue $5.32B, consensus $3.63B. CEO Avigal Soreq stated, "We reported another quarter of strong operational performance with 99% crude utilization driven by solid execution and favorable macro trends…Our opportunities are significant, and our team is aligned. Together, we look forward to implementing our strategic initiatives and delivering value for our shareholders. During Q3, several actions were taken to further our key strategic priorities. We took initial steps to launch the sum of the parts evaluation process by hiring a head of Corporate Development and engaging bankers to advise on potential strategic options. Separately, we are exploring opportunities to improve our cost structure, in an effort to enhance the competitiveness of the portfolio. We will provide an update once our analysis is completed."
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