Delek US reports Q4 adjusted EPS ($1.46), consensus ($1.27)

Reports Q4 revenue $4.05b, consensus $3.55B. “During Q4, we operated well, achieving record total throughput in refining,” said Avigal Soreq, CEO. “The market environment was less than favorable, but we remained focused on what we could control…Throughout the year, we made strategic investments to strengthen our foundation. We focused on people, processes, and equipment to support safe and reliable operations. At the same time, we drove long-term shareholder value and improved our financial strength by returning $146M of capital to shareholders and reducing our net debt by $435M during the year. Our guiding principles in 2024 are focused execution and a disciplined approach to capital allocation. The strategic initiatives we started in 2023 are gaining momentum and delivering results..For 2024, we estimate our capital program to be lower than 2023 at approximately $330M. The capital program reflects our dedication to maintaining safe and reliable operations, enhancing our portfolio with strategic growth projects, and delivering shareholder value while maintaining our financial strength and flexibility. We believe we are well positioned from both an operational and financial standpoint to deliver competitive returns.”