Delek US Q3 revenue beats expectations

Delek US Holdings

07/11/2025 11:38

Overview

Delek US Q3 revenue beats expectations, driven by Small Refinery Exemptions

Company increases annual cash flow improvement guidance to at least $180 mln

Outlook

Delek US expects ~$400 mln in proceeds from SRE monetization over next 6-9 months

Company raises annual cash flow improvement guidance to at least $180 mln

Delek Logistics raises full-year adjusted EBITDA guidance to $500-$520 mln

Result Drivers

SRE IMPACT - Co recognized a $280.8 mln benefit from Small Refinery Exemptions granted by the EPA, reducing costs significantly

LOGISTICS GROWTH - Logistics segment growth driven by W2W dropdown and H2O Midstream and Gravity Acquisitions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.89 bln
$2.76 bln (8 Analysts)
Q3 Adjusted EPS
$7.13
Q3 EPS
$2.93
Q3 Adjusted Net Income
$434.20 mln
Q3 Net Income
$178 mln
Q3 Adjusted EBITDA
$759.60 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 1 "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 $34.00, about 15.3% below its November 6 closing price of $39.21

Press Release: ID:nBw2QqlLna

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(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.)