Delek US Holdings Q2 adjusted loss smaller than expected as refining margins rise

Delek US Holdings

06/08/2025 12:24

Overview

Delek US Holdings Q2 adjusted loss per share beats analyst expectations, per LSEG data

Adjusted EBITDA rises to $170.2 mln, driven by refining margin increase

Co advances Enterprise Optimization Plan, exceeding cash flow improvement targets

Outlook

Delek US targets $130-$170 mln annual cash flow improvement from EOP

Company executing on full-year Adjusted EBITDA guidance of $480-$520 mln

Result Drivers

ENTERPRISE OPTIMIZATION - EOP contributed ~$30 mln in cash flow improvements, exceeding expectations

PROCESSING CAPACITY EXPANSION - Completion of Libby 2 gas processing plant expanded capacity for producer customers

REFINING MARGIN - Refining segment adjusted EBITDA rose due to increased crack spreads

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
-$0.56
-$0.89 (12 Analysts)
Q2 Adjusted Net Income
-$33.10 mln
Q2 Net Income
-$106.40 mln
Q2 Adjusted EBITDA
$170.20 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

Wall Street's median 12-month price target for Delek US Holdings Inc is $22.50, about 6.4% above its August 5 closing price of $21.07

Press Release: ID:nBw2j51Y4a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)