Delek US
Refines inland crude into transportation fuels and pairs the refineries with midstream logistics.
Something off on this page? Send us feedback.
Profile
Refines crude into gasoline, diesel, jet fuel, asphalt and other petroleum products at four inland refineries, selling mainly into U.S. markets. A controlling stake in Delek Logistics adds fee-based pipelines, terminals, storage, natural-gas processing and water systems serving affiliated refineries and third parties.
Processes inland-sourced crude into gasoline, diesel, jet fuel, asphalt and other petroleum products at four refineries in Texas, Arkansas and Louisiana. The refining segment sells mainly into inland U.S. markets through wholesale racks, pipelines, terminals and exchanges; idle biodiesel facilities remain under review.
Links refinery supply and distribution with a consolidated logistics segment built around Delek Logistics Partners. Pipelines, terminals, storage, wholesale marketing, crude gathering, natural-gas processing, and water disposal and recycling serve both affiliated refineries and third-party customers across the Permian Basin and other U.S. energy regions. Results depend on refinery reliability, crude and refined-product margins, transportation access, and compliance with fuel, pipeline, environmental and safety rules. Several logistics assets remain operationally tied to the Tyler, El Dorado and Big Spring refineries.
Company facts
Key statistics
Year to date +143% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 18, 2026 | Goldman Sachs | Reiterate | Buy | $55 | $83 | |
| Aug 11, 2026 | Mizuho Securities | Target | $60 | $66 | ||
| Jul 13, 2026 | Raymond James | Reiterate | Outperform | $37 | $70 | |
| Jun 29, 2026 | Cowen & Co. | Upgrade | Hold | Buy | ||
| Jun 29, 2026 | TD Cowen | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $2.67 | $5.48 | +105.2% | $3.44B | $4.09B | +18.8% | −9.74% |
| Apr 29, 2026Q1 FY26 | −$1.56 | $0.08 | +105.1% | $2.33B | $2.65B | +13.9% | −0.17% |
| Feb 27, 2026Q4 FY25 | −$0.19 | $0.44 | +327.1% | $2.55B | $2.43B | −4.7% | +8.48% |
| Nov 7, 2025Q3 FY25 | $0.28 | $1.52 | +442.9% | $2.55B | $2.89B | +13.2% | +0.17% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.64B | $2.76B | $2.89B | $2.43B | $2.65B | $4.09B | |
| Gross profit | −$70.0M | $45.7M | $494.0M | $238.8M | −$70.7M | $365.1M | |
| Operating income | −$125.8M | −$33.5M | $295.7M | $202.4M | −$110.8M | $302.4M | |
| Net income | −$172.7M | −$106.4M | $178.0M | $78.3M | −$201.3M | $169.5M | |
| Diluted EPS | −$2.78 | −$1.76 | $2.93 | $1.26 | −$3.34 | $2.71 | |
| Gross margin | -2.6% | 1.7% | 17.1% | 9.8% | -2.7% | 8.9% | |
| Operating margin | -4.8% | -1.2% | 10.2% | 8.3% | -4.2% | 7.4% |
Fiscal years (4-quarter sums)FY21 $10.65B · FY22 $20.25B · FY23 $16.80B · FY24 $11.85B · FY25 $10.72B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $628.6M · Total debt $3.26B · Total assets $7.55B · Shareholders' equity $422.7M
Dividends
Raised for 3 straight years — most recently to $0.255 from $0.25 in Aug 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 3, 2026 | Aug 3 | Aug 10 | $0.255 | |
| May 1, 2026 | May 1 | May 8 | $0.255 | |
| Mar 2, 2026 | Mar 2 | Mar 9 | $0.255 | |
| Nov 10, 2025 | Nov 10 | Nov 17 | $0.255 | |
| Aug 11, 2025 | Aug 11 | Aug 18 | $0.255 | |
| May 12, 2025 | May 12 | May 19 | $0.255 | |
| Mar 3, 2025 | Mar 3 | Mar 10 | $0.255 | |
| Nov 12, 2024 | Nov 12 | Nov 18 | $0.255 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 61.29M · Float 59.74M · 97.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.42M | 8.84% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 3.88M | 6.33% | 13F | Aug 13, 2026 |
| State Street Corp | 3.22M | 5.26% | 13F | Aug 7, 2026 |
| Rubric Capital Management LP | 2.69M | 4.38% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 2.66M | 4.34% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Gary M. Jr. Sullivan | director | −27,688 | $69.01 |
| Aug 21, 2026 | Richard J. Marcogliese | director | −2,000 | $71.05 |
| Aug 21, 2026 | William J. Finnerty | director | −1,457 | $64.70 |
| Aug 18, 2026 | Reuven Spiegel | officer: EVP, Special Projects | −10,000 | $68.21 |
| Aug 17, 2026 | Avigal Soreq | director, officer: President & CEO | −80,000 | $66.51 |
Peers
- Marathon Petroleum
Largest U.S. refining and midstream scale peer
- Valero Energy
Major independent refiner in shared product markets
- Phillips 66
Diversified downstream peer across refining and logistics
- HF Sinclair
Inland refining peer with asphalt and midstream overlap
- PBF Energy
Independent refiner with matching refining/logistics structure
- CVR Energy
Mid-Continent refiner close to DK's regional model
- Par Pacific
Regional refiner/logistics operator with niche-market overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Delek US | $72.40 | +0.15% | $4.43B | 20.3 | 6.7 | 0.4 | +47.8% |
| Marathon Petroleum | $369.35 | +0.10% | $107.68B | 12.7 | 7.5 | 0.7 | +54.9% |
| Valero Energy | $352.97 | +0.19% | $101.45B | 14.6 | 8.3 | 0.8 | +48.8% |
| Phillips 66 | $244.72 | +0.27% | $97.83B | 13.9 | 8.8 | 0.6 | +55.9% |
| HF Sinclair | $100.35 | +0.64% | $17.73B | 9.5 | 7.3 | 0.6 | +53.2% |
| PBF Energy | $71.90 | +0.93% | $8.45B | 6.3 | 3.8 | 0.2 | +56.2% |
| CVR Energy | $41.90 | +0.38% | $4.20B | 60.5 | 16.8 | 0.5 | +55.5% |
| Par Pacific | $79.00 | +0.22% | $3.95B | 4.6 | 5.1 | 0.5 | +56.8% |
| Median | 12.7 | 7.5 | 0.6 | +55.5% |