Delek US Holdings (DEH) AI Stock Analysis

Delek US Holdings

(Frankfurt:DEH)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Cash generationStrong trailing cash generation provides Delek with internal funding for debt reduction, capital investment and shareholder returns. Although historical cash flow has been volatile, the latest improvement demonstrates meaningful cash-producing capacity that can support the business over the next several quarters.

Negative Factors

Balance-sheet riskElevated and unstable leverage reduces Delek’s financial flexibility and leaves less capacity to absorb weaker refining conditions or fund strategic initiatives. Negative return on equity and a thin equity base also indicate that strong recent cash flow has not yet translated into stable shareholder returns.

Delek US Holdings (DEH) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 4.50B
Dividend Yield: 1.40%
Average Volume (3M): 99
Price to Earnings (P/E): 19.2
Beta (1Y): -0.14
Revenue Growth: 3.99%
EPS Growth: ―
Country: Germany
Employees: 1,902
Sector: Energy
Sector Strength: 65
Industry: Oil & Gas Refining & Marketing

Delek US Holdings Business Overview & Revenue Model

Company Description

Delek US Holdings, Inc. is an integrated downstream energy corporation operating within the United States. Its operations are divided into three core segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other raw ma...

Delek US Holdings Earnings Call Summary

Earnings Call Date:Aug 04, 2026(Q2-2026)|% Change Since:9.56%|Next Earnings Date:Nov 05, 2026

Earnings Call SentimentPositive

The call emphasized strong operational execution, record results in logistics, meaningful adjusted earnings and clear progress on enterprise optimization and DKL separation — all supported by capital returns and debt reduction. Offsetting risks include commodity and geopolitical-driven market volatility, RFS/RVO uncertainty and a sizable working capital outflow that reduced operating cash flow. Management conveyed confidence in free cash flow generation and continued capital discipline.

Positive Updates

Strong Adjusted Earnings and EBITDA

Reported GAAP net income of ~$170 million ($2.71/share) and adjusted net income of ~$344 million ($5.48/share). Adjusted EBITDA for the quarter was ~$639 million (note: excluding the 50% RVO adjustment adjusted EBITDA was ~$490 million).

Negative Updates

Market Volatility and Geopolitical Impact

Events in the Middle East and Eastern Europe created steep liquidation, wide swings in crude differentials and transportation fuel shortages. Management highlighted ongoing volatility which complicates margin capture and supply dynamics.

Company Guidance

For Q3 2026 Delek guided system throughput of 296,000–316,000 bpd (Tyler 72,000–77,000 bpd; El Dorado 78,000–83,000 bpd; Big Spring 68,000–73,000 bpd; Krotz Springs 78,000–83,000 bpd), operating expenses of $220–$230 million, G&A of $50–$55 million, D&A of $110–$120 million, and net interest expense of $75–$85 million (DK standalone $28–$33 million; DKL $47–$52 million). Management reaffirmed DKL 2026 EBITDA guidance of $520–$560 million and expects pro‑forma DKL third‑party EBITDA to exceed 80%; the Enterprise Optimization Plan targets at least $220 million of annual run‑rate cash flow (EOP contributed about $60 million in Q2), and management reiterated a mid‑cycle free cash flow outlook of roughly $650–$700 million including DKL distributions (implying ~15–20% FCF yield).

Delek US Holdings Risk Analysis

Delek US Holdings disclosed 57 risk factors in its most recent earnings report. Delek US Holdings reported the most risks in the "Finance & Corporate" category.

Finance & Corporate21
Tech & Innovation2
Legal & Regulatory7
Production14
Ability to Sell8
Macro & Political5

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

3 New Risks

1.The stockholder rights plan adopted by our Board may impair an attempt to acquire control of Delek.Q2, 2020

2.The periodic price adjustment settlements on the J. Aron Supply and Offtake Agreement may affect our liquidity position.Q2, 2020

3.The current COVID-19 Pandemic and certain developments in the global oil markets have had, and may continue to have, an adverse impact on our business, our future results of operations and our overall financial performance.Q2, 2020

Delek US Holdings Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

DE:DEH against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DINO	82Outperform	$19.71B	5.65	34.53%	1.81%	29.47%	848.69%
MPC	78Outperform	$124.89B	14.81	48.71%	0.93%	15.19%	331.26%
PARR	78Outperform	$3.82B	4.16	57.75%	―	13.19%	―
PBF	72Outperform	$9.25B	3.30	43.05%	1.47%	31.51%	―
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CVI	51Neutral	$5.87B	81.04	10.48%	1.02%	17.88%	―

* Energy Sector Average

Performance Comparison

DE:DEH and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:DEH	Delek US	62.10	29.66	91.41%
CVI	CVR Energy Inc	55.92	19.65	54.16%
DINO	HF Sinclair Corporation	111.66	59.89	115.68%
MPC	Marathon Petroleum	430.39	249.63	138.10%
PBF	PBF Energy	75.08	40.67	118.17%
PARR	Par Pacific Holdings	72.16	31.63	78.04%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Delek US Holdings AI Stock Analysis