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Overview
Delek US Holdings is a downstream energy company with three main activities: refining, logistics, and retail. Its refining segment turns crude oil into products such as gasoline, diesel, and jet fuel for wholesale and retail customers. Its logistics arm operates pipelines and terminals that move and store crude and refined products, creating an integrated supply chain from refineries to market centers. Its retail business runs a chain of convenience stores that offer fuel, food and merchandise. The company differentiates itself through an integrated platform that combines refining, transportation, and retail operations under one umbrella, a broad customer base, and growth driven by acquisitions and organic expansion. Its goal is to reliably supply energy products to its markets while expanding its footprint and improving efficiency to create value for shareholders.
About Delek US
Industries
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Brentwood, California
Founded
2001
Simplify's Take
What believers are saying
- The revolver expanded to $1.25 billion, extending maturity to April 2031.
- Management raised annual Enterprise Optimization Plan savings to at least $220 million.
- Q1 2026 operating cash flow reached $461 million despite a reported net loss.
What critics are saying
- EPA Small Refinery Exemption denial leaves roughly $750 million RIN exposure.
- Big Spring downtime and turnarounds can again drive quarterly losses and margin compression.
- Higher crude prices and distillate spread normalization rapidly erode downstream profitability.
What makes Delek US unique
- Integrated refining, logistics, and retail diversify Delek beyond pure refining exposure.
- Amber Russell joined on 2026-04-20, bringing ExxonMobil and bp refining leadership.
- Delek Logistics underpins cash flow with 2026 EBITDA guidance of $520 million-$560 million.
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Company News
Delek US Holdings has amended its asset-based revolving credit facility, increasing total commitments from $1.1 billion to $1.25 billion and extending maturity from October 2027 to April 2031. The amendment reduces interest rate margins by 0.25% and permits additional incremental revolving capacity up to $750 million. The downstream energy company loosened covenant thresholds and adjusted reporting requirements whilst maintaining secured first-priority liens and customary financial covenants tested quarterly. The changes enhance Delek's liquidity profile and provide greater flexibility for operational and financing needs in its asset-intensive business. TipRanks' AI Analyst rates the stock as neutral, citing weak underlying financial performance offset by strong technical momentum and positive earnings guidance.
Delek US Holdings director Ezra Uzi Yemin sold 140,006 shares across two transactions in March 2026, generating approximately $6.1 million in gross proceeds, according to SEC filings. The sales were executed under a 10b5-1 plan adopted on 3 December 2025, meaning they were scheduled in advance. The March transactions reduced Yemin's aggregate holdings by approximately 14.9%, from 938,076 shares to 798,070 shares. Since October 2025, he has reduced his total holdings by roughly 245,000 shares—a 15% reduction. Delek US Holdings is a downstream energy company operating refineries in Texas, Arkansas and Louisiana, with a market capitalisation of $2.7 billion. The company reported $10.7 billion in trailing twelve-month revenue but posted a net loss of $22.8 million.
Zohar Shlomo, a director at Delek US Holdings, sold 7,343 shares of common stock for approximately $338,000 on 19 March 2026, according to an SEC Form 4 filing. The sale represented 52.49% of his direct shareholdings, reducing his position from 13,989 to 6,646 shares. The transaction was the third recent sale by Shlomo since 5 March 2026, with all three representing large proportions of his declining share holdings. The sale occurred as Delek's shares have surged 180% over the past year, closing at $44.60 on 19 March 2026. Delek US Holdings operates four refineries producing petroleum products and generates revenue through refining, transportation, marketing and retail fuel sales across the southern United States. The company reported revenue of $10.72 billion over the trailing twelve months.
Delek US Holdings reported fourth-quarter 2025 adjusted earnings per share of $0.44 and adjusted EBITDA of approximately $226 million. Net income reached $78 million, or $1.26 per share, whilst adjusted net income was $143 million, or $2.31 per share. The company raised its enterprise optimisation plan target to at least $200 million annually and reported full-year adjusted EBITDA of approximately $763 million. Fourth-quarter cash flow from operations totalled $503 million, with $82 million in capital spending. Delek subsidiary DKL announced 2026 EBITDA guidance of $520 million to $560 million. The company maintained shareholder returns through approximately $20 million in share repurchases and $15 million in dividend payments during the quarter.
Fomento Economico Mexico, or Femsa, based in Monterrey, Mexico, has agreed to buy the 249 DK convenience stores from Tennessee-based oil refiner Delek US Holdings for $385 million in cash.
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About Delek US
Industries
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Brentwood, California
Founded
2001
Delek US is Hiring for 51 Jobs on Simplify!
Find jobs on Simplify and start your career today