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Delek US Holdings (DK) AI Stock Analysis
Delek US Holdings
(NYSE:DK)
DK scores as neutral overall, driven by improving operating results and strong recent free cash flow, partially offset by elevated balance-sheet risk. Near-term technical signals are weak (below key moving averages with negative MACD), while valuation and shareholder returns are moderate. The latest earnings call and corporate actions support the cash-flow outlook, but regulatory (RFS/RVO) and market volatility remain meaningful risks.
Delek US Holdings (DK) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $4.01B
- Dividend Yield
- 1.56%
- Average Volume (3M)
- 2.00M
- Price to Earnings (P/E)
- 17.9
- Beta (1Y)
- 0.46
- Revenue Growth
- 11.40%
- EPS Growth
- ―
- Country
- US
- 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...
How the Company Makes Money
Delek US Holdings makes money primarily by converting crude oil and other feedstocks into higher-value refined products and selling those products, and by earning fees and margins from midstream/logistics and marketing activities. 1) Refining (larges...
Delek US Holdings Earnings Call Summary
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.
Q2-2026 Updates
Positive Updates
Negative Updates
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 Financial Statement Overview
Summary
Financials show a near-term rebound led by strong cash generation (TTM operating cash flow ~$1.28B and free cash flow ~$864M, with strong FCF growth), but the balance sheet is a material risk factor given very elevated/unstable leverage metrics and negative ROE. Profitability has improved with revenue up ~12.3% TTM, yet margins and earnings remain volatile for a cyclical refiner.
Income Statement
56NeutralBalance Sheet
28NegativeCash Flow
72Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.06B | 10.72B | 11.85B | 16.92B | 19.80B | 10.65B |
| Gross Profit | 1.03B | 568.30M | -67.90M | 1.04B | 736.50M | 225.50M |
| EBITDA | 1.03B | 782.00M | -18.50M | 664.00M | 792.60M | 264.00M |
| Net Income | 224.50M | -22.80M | -560.40M | 19.80M | 257.10M | -128.30M |
Balance Sheet | ||||||
| Total Assets | 7.55B | 6.85B | 6.67B | 7.17B | 8.19B | 6.81B |
| Cash, Cash Equivalents and Short-Term Investments | 628.60M | 625.80M | 735.60M | 821.80M | 841.30M | 856.50M |
| Total Debt | 3.26B | 3.35B | 2.86B | 2.74B | 3.23B | 2.42B |
| Total Liabilities | 6.89B | 6.30B | 6.09B | 6.21B | 7.12B | 5.80B |
| Stockholders Equity | 422.70M | 286.50M | 312.80M | 845.50M | 943.60M | 894.20M |
Cash Flow | ||||||
| Free Cash Flow | 684.90M | 22.00M | -497.40M | 616.80M | 139.50M | 148.20M |
| Operating Cash Flow | 1.27B | 551.50M | -66.80M | 1.01B | 425.30M | 371.40M |
| Investing Cash Flow | -590.40M | -713.60M | -241.50M | -408.00M | -931.60M | -178.40M |
| Financing Cash Flow | -670.90M | 52.30M | 221.70M | -624.70M | 491.10M | -124.00M |
Delek US Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DK, the sentiment is Negative. The current price of 65.46 is below the 20-day moving average (MA) of 74.65, below the 50-day MA of 74.01, and above the 200-day MA of 53.40, indicating a neutral trend. The MACD of -1.25 indicates Positive momentum. The RSI at 37.24 is Neutral, neither overbought nor oversold. The STOCH value of 13.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DK.
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
Latest Risks Added
3 New RisksDelek US Holdings Peers Comparison
Overall Rating
DINO85Outperform
PARR76Outperform
MPC74Outperform
PBF72Outperform
CVI66Neutral- DK55Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| DINO | 85Outperform | $19.43B | 5.29 | 34.53% | 1.94% | 29.47% | 848.69% |
| PARR | 76Outperform | $3.57B | 3.58 | 55.18% | ― | 29.06% | 298.17% |
| MPC | 74Outperform | $120.01B | 7.67 | 76.65% | 1.02% | 31.77% | 446.09% |
| PBF | 72Outperform | $9.44B | 3.19 | 43.05% | 1.51% | 31.51% | ― |
| CVI | 66Neutral | $4.89B | 16.29 | 36.83% | 1.33% | 34.41% | 60.60% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| DK | 55Neutral | $4.34B | 17.93 | 95.27% | 1.56% | 11.40% | ― |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DK | Delek US | 65.46 | 24.94 | 61.54% | |
| CVI | CVR Energy Inc | 43.01 | 6.79 | 18.73% | |
| DINO | HF Sinclair Corporation | 104.57 | 51.57 | 97.30% | |
| MPC | Marathon Petroleum | 392.68 | 202.10 | 106.05% | |
| PBF | PBF Energy | 72.62 | 36.65 | 101.87% | |
| PARR | Par Pacific Holdings | 69.66 | 28.51 | 69.28% |
Delek US Holdings Corporate Events
Delek US Holdings Boosts Quarterly Dividend to Shareholders
PositiveOn October 29, 2026, Delek US Holdings, Inc. announced that its board approved a quarterly dividend of $0.30 per share, representing an increase of roughly 18% from the prior $0.255 payout. The dividend will be paid on November 18, 2026, to sharehold...
Delek US Completes Convertible Notes Offering to Refinance Debt
PositiveOn September 29, 2026, Delek US Holdings completed a private offering of $460 million of 0.00% Convertible Senior Notes due 2031, fully guaranteed on a senior unsecured basis by subsidiaries that back its term loan and asset-based revolving credit fa...
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.
Date of analysis: Oct 30, 2026