Board Change • May 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Director Chrissy Schwartzstein was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 11
Delek US Holdings, Inc. to Report Q1, 2026 Results on Apr 29, 2026 Delek US Holdings, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 29, 2026 Aankondiging • Mar 12
Delek US Holdings, Inc., Annual General Meeting, Apr 20, 2026 Delek US Holdings, Inc., Annual General Meeting, Apr 20, 2026. Aankondiging • Feb 19
Delek US Holdings, Inc. Announces Quarterly Dividend, Payable on March 9, 2026 Delek US Holdings, Inc. announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on March 9, 2026, to shareholders of record on March 2, 2026. Aankondiging • Jan 31
Delek US Holdings, Inc. to Report Q4, 2025 Results on Feb 27, 2026 Delek US Holdings, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 27, 2026 Aankondiging • Oct 30
Delek US Holdings, Inc. Approves Quarterly Dividend, Payable on November 17, 2025 Delek US Holdings, Inc. announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on November 17, 2025, to shareholders as of record on November 10, 2025. Aankondiging • Oct 18
Delek US Holdings, Inc. to Report Q3, 2025 Results on Nov 07, 2025 Delek US Holdings, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 07, 2025 Aankondiging • Jul 31
Delek US Holdings, Inc. Announces Quarterly Dividend, Payable on August 18, 2025 Delek US Holdings, Inc. announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on August 18, 2025, to shareholders as of record on August 11, 2025. Aankondiging • Jul 19
Delek US Holdings, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Delek US Holdings, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Aankondiging • Apr 30
Delek US Holdings, Inc. Announces Quarterly Dividend, Payable on May 19, 2025 Delek US Holdings, Inc. announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on May 19, 2025, to shareholders as of record on May 12, 2025. Aankondiging • Apr 16
Delek US Holdings, Inc. to Report Q1, 2025 Results on May 07, 2025 Delek US Holdings, Inc. announced that they will report Q1, 2025 results Pre-Market on May 07, 2025 Aankondiging • Mar 21
Delek US Holdings, Inc., Annual General Meeting, Apr 29, 2025 Delek US Holdings, Inc., Annual General Meeting, Apr 29, 2025. Aankondiging • Feb 19
Delek US Holdings, Inc. Announces Quarterly Dividend, Payable on March 10, 2025 Delek US Holdings, Inc. announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on March 10, 2025, to shareholders as of record on March 3, 2025. Aankondiging • Feb 04
Delek US Holdings, Inc. to Report Q4, 2024 Results on Feb 25, 2025 Delek US Holdings, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 25, 2025 Reported Earnings • Nov 09
Third quarter 2024 earnings released: US$2.69 loss per share (vs US$1.98 profit in 3Q 2023) Third quarter 2024 results: US$2.69 loss per share (down from US$1.98 profit in 3Q 2023). Revenue: US$3.04b (down 36% from 3Q 2023). Net loss: US$172.2m (down 234% from profit in 3Q 2023). Revenue is forecast to decline by 15% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Declared Dividend • Nov 03
Second quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 12th November 2024 Payment date: 18th November 2024 Dividend yield will be 6.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (18% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Aankondiging • Oct 31
Delek US Holdings, Inc. Announces Quarterly Dividend, Payable on November 18, 2024 Delek US Holdings, Inc. announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on November 18, 2024, to shareholders of record on November 12, 2024. Aankondiging • Oct 03
Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) completed the acquisition of Retail operations of Delek US Holdings, Inc. from Delek US Holdings, Inc. (NYSE:DK) Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) entered into a definitive equity purchase agreement to acquire Retail operations of Delek US Holdings, Inc. from Delek US Holdings, Inc. (NYSE:DK) for $350 million on July 31, 2024. The cash consideration of $350 million plus the purchase of inventory and other customary adjustments under the Retail Purchase Agreement for indebtedness. The transaction consideration cash-free, debt-free basis. The transaction is subject to customary regulatory approvals and other third party approvals (or the termination or expiration of applicable waiting periods). The expected to close during the second half of 2024. As of August 7, 2024 the closing of the transaction is currently anticipated to occur by the end of 2024.
Raymond James & Associates, Inc. acted as financial advisor for Delek US Holdings, Inc. Baker Botts L.L.P. acted as legal advisor for Delek US Holdings, Inc. Tyler Hilton, Jared Koch and Ashley Kim of Baker & McKenzie LLP acted as legal advisor to Fomento Económico Mexicano, S.A.B. de C.V.
Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSA UBD) completed the acquisition of Retail operations of Delek US Holdings, Inc. from Delek US Holdings, Inc. (NYSE:DK) on October 1, 2024. Aankondiging • Sep 19
Delek US Holdings, Inc. to Report Q3, 2024 Results on Nov 06, 2024 Delek US Holdings, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 06, 2024 Buy Or Sell Opportunity • Sep 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to €16.80. The fair value is estimated to be €21.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to decline by 22% in 2 years. Earnings are forecast to grow by 78% in the next 2 years. Reported Earnings • Aug 07
Second quarter 2024 earnings released: US$0.58 loss per share (vs US$0.13 loss in 2Q 2023) Second quarter 2024 results: US$0.58 loss per share (further deteriorated from US$0.13 loss in 2Q 2023). Revenue: US$3.42b (down 18% from 2Q 2023). Net loss: US$37.2m (loss widened 348% from 2Q 2023). Revenue is expected to decline by 9.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 39%. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 04
First quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 12th August 2024 Payment date: 19th August 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Aankondiging • Aug 01
Delek US Holdings, Inc. Increases Regular Quarterly Dividend, Payable on August 19, 2024 Delek US Holdings, Inc. announced that its Board of Directors has approved a $0.005 per share increase in the regular quarterly dividend to $0.255 per share, to be paid on August 19, 2024, to shareholders of record on August 12, 2024. Aankondiging • Jul 04
Delek US Holdings, Inc. to Report Q2, 2024 Results on Aug 06, 2024 Delek US Holdings, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 06, 2024 New Risk • May 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risk Paying a dividend despite being loss-making. Reported Earnings • May 08
First quarter 2024 earnings released: US$0.51 loss per share (vs US$0.96 profit in 1Q 2023) First quarter 2024 results: US$0.51 loss per share (down from US$0.96 profit in 1Q 2023). Revenue: US$3.23b (down 18% from 1Q 2023). Net loss: US$32.6m (down 151% from profit in 1Q 2023). Revenue is forecast to decline by 8.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 06
Fourth quarter dividend of US$0.25 announced Shareholders will receive a dividend of US$0.25. Ex-date: 16th May 2024 Payment date: 24th May 2024 Dividend yield will be 3.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (306% earnings payout ratio). However, it is well covered by cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 240% to bring the payout ratio under control. EPS is expected to grow by 90% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Aankondiging • May 03
Delek US Holdings, Inc. Approves Regular Quarterly Dividend, Payable on May 24, 2024 Delek US Holdings, Inc. announced that its Board of Directors has approved a $0.005 per share increase in the regular quarterly dividend to $0.25 per share, to be paid on May 24, 2024, to shareholders of record on May 17, 2024. New Risk • Apr 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 54% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 54% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (306% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Aankondiging • Apr 06
Delek US Holdings, Inc. to Report Q1, 2024 Results on May 07, 2024 Delek US Holdings, Inc. announced that they will report Q1, 2024 results Pre-Market on May 07, 2024 Aankondiging • Feb 29
Delek US Holdings, Inc. Reports Impairment of Goodwill for the Quarter Ended December 31, 2023 Delek US Holdings, Inc. reported impairment of goodwill for the quarter ended December 31, 2023. For the quarter, the company reported Goodwill impairment of $14.8 million. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 15% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (306% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$0.30 (vs US$3.63 in FY 2022) Full year 2023 results: EPS: US$0.30 (down from US$3.63 in FY 2022). Revenue: US$16.9b (down 16% from FY 2022). Net income: US$19.8m (down 92% from FY 2022). Profit margin: 0.1% (down from 1.3% in FY 2022). Revenue is forecast to decline by 16% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 23
Third quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 29th February 2024 Payment date: 8th March 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not adequately covered by earnings (90.3% earnings payout ratio). However, it is well covered by cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share is expected to decline by 57% over the next 3 years. This means the payout ratio would increase to a potentially unsustainable range and the dividend may be at risk. Aankondiging • Feb 21
Delek US Holdings, Inc. Declares Quarterly Dividend, Payable on March 8, 2024 Delek US Holdings, Inc. announced that its Board of Directors has approved a $0.005 per share increase in the regular quarterly dividend to $0.245 per share, to be paid on March 8, 2024, to shareholders of record on March 1, 2024. Aankondiging • Jan 27
Delek US Holdings, Inc. to Report Q4, 2023 Results on Feb 27, 2024 Delek US Holdings, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 27, 2024 Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$1.98 (vs US$0.10 in 3Q 2022) Third quarter 2023 results: EPS: US$1.98 (up from US$0.10 in 3Q 2022). Revenue: US$4.75b (down 11% from 3Q 2022). Net income: US$128.7m (up US$121.3m from 3Q 2022). Profit margin: 2.7% (up from 0.1% in 3Q 2022). Revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 02
Delek US Holdings, Inc. Increases Regular Quarterly Dividend, Payable on November 20, 2023 Delek US Holdings, Inc. announced that its Board of Directors has approved a $0.05 per share increase in the regular quarterly dividend to $0.24 per share, to be paid on November 20th, 2023, to shareholders of record on November 13th, 2023. Aankondiging • Oct 11
Delek US Holdings, Inc. to Report Q3, 2023 Results on Nov 07, 2023 Delek US Holdings, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 07, 2023 New Risk • Aug 10
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Reported Earnings • Aug 09
Second quarter 2023 earnings released: US$0.13 loss per share (vs US$5.11 profit in 2Q 2022) Second quarter 2023 results: US$0.13 loss per share (down from US$5.11 profit in 2Q 2022). Revenue: US$4.20b (down 30% from 2Q 2022). Net loss: US$8.30m (down 102% from profit in 2Q 2022). Revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €24.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 70% over the past three years. Aankondiging • Jul 12
Delek US Holdings, Inc. to Report Q2, 2023 Results on Aug 07, 2023 Delek US Holdings, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 07, 2023 Reported Earnings • May 09
First quarter 2023 earnings released: EPS: US$0.96 (vs US$0.09 in 1Q 2022) First quarter 2023 results: EPS: US$0.96 (up from US$0.09 in 1Q 2022). Revenue: US$3.92b (down 12% from 1Q 2022). Net income: US$64.3m (up US$57.7m from 1Q 2022). Profit margin: 1.6% (up from 0.1% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 9.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 17
President recently bought €143k worth of stock On the 14th of March, Avigal Soreq bought around 7k shares on-market at roughly €21.11 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Avigal's only on-market trade for the last 12 months. Buying Opportunity • Mar 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be €29.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 28% per annum. Earnings is also forecast to decline by 45% per annum over the same time period. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$3.63 (vs US$2.75 loss in FY 2021) Full year 2022 results: EPS: US$3.63 (up from US$2.75 loss in FY 2021). Revenue: US$20.2b (up 90% from FY 2021). Net income: US$257.1m (up US$460.6m from FY 2021). Profit margin: 1.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 25% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 31
Delek US Holdings, Inc. to Report Q4, 2022 Results on Feb 28, 2023 Delek US Holdings, Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 28, 2023 Buying Opportunity • Jan 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be €30.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 21% per annum. Earnings is also forecast to decline by 57% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €25.80, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total loss to shareholders of 9.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.39 per share. Upcoming Dividend • Nov 10
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 17 November 2022. Payment date: 02 December 2022. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (0.9%). Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: US$0.10 (vs US$0.24 in 3Q 2021) Third quarter 2022 results: EPS: US$0.10 (down from US$0.24 in 3Q 2021). Revenue: US$5.32b (up 80% from 3Q 2021). Net income: US$7.40m (down 59% from 3Q 2021). Profit margin: 0.1% (down from 0.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 20% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. Aankondiging • Nov 02
Delek US Holdings Increases Regular Quarterly Dividend, Payable on December 2, 2022 Delek US Holdings, Inc. announced that its Board of Directors has approved a $0.01 per share increase in the regular dividend bringing the quarterly dividend to $0.21 per share that will be paid on December 2, 2022 to shareholders of record on November 18, 2022. Aankondiging • Sep 29
Delek US Holdings, Inc. to Report Q3, 2022 Results on Nov 07, 2022 Delek US Holdings, Inc. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 07, 2022 Aankondiging • Sep 07
Delek US Holdings, Inc. Appoints Mark Hobbs as Executive Vice President, Corporate Development Delek US Holdings, Inc. announced that Mark Hobbs will join Delek in the upcoming weeks to fill the role of Executive Vice President, Corporate Development. In his new role, Mr. Hobbs will work closely with Delek's management team to lead the Company's corporate development functions. He will contribute to the Company's efforts of bringing the "sum of the parts" valuation to fruition, along with identifying growth opportunities in both current and new markets. Mr. Hobbs is an experienced investment banker with over 28 years of energy industry experience, leading and participating in strategic advisory engagements across the downstream sector. He brings deep sector knowledge with expertise in downstream, midstream, oilfield services and renewables. Mr. Hobbs joins Delek US from Citigroup, where he spent the past 11-years as a Managing Director, leading coverage efforts across the global downstream sector, including renewable fuels. He has worked closely with international oil companies, national oil companies and independent refiners advising on both strategic and capital raising transactions. Prior to Citigroup, Mr. Hobbs worked for other global financial institutions in leadership roles in both Houston and London. He holds a Master of Business Administration from Columbia Business School and a Bachelor of Business Administration from the University of Texas at Austin. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 15% share price gain to €27.00, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 6.9% over the past three years. Upcoming Dividend • Aug 12
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 19 August 2022. Payment date: 06 September 2022. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.0%). Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$5.11 (vs US$1.10 loss in 2Q 2021) Second quarter 2022 results: EPS: US$5.11 (up from US$1.10 loss in 2Q 2021). Revenue: US$5.98b (up 173% from 2Q 2021). Net income: US$361.8m (up US$442.9m from 2Q 2021). Profit margin: 6.0% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is expected to shrink by 9.7% compared to a 32% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 02
Delek US Holdings, Inc. Announces Regular Quarterly Cash Dividend, Payable on September 6, 2022 Delek US Holdings, Inc. announced that its Board of Directors reinstated the Company's regular quarterly cash dividend on its common stock of $0.20 per share payable to all shareholders of record of the Company's common stock as of the close of business on August 22, 2022. The payment date for the dividend will be September 6, 2022. Aankondiging • Jul 07
Delek US Holdings, Inc. to Report Q2, 2022 Results on Aug 04, 2022 Delek US Holdings, Inc. announced that they will report Q2, 2022 results Pre-Market on Aug 04, 2022 Upcoming Dividend • Jul 04
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 11 July 2022. Payment date: 20 July 2022. The company last paid an ordinary dividend in August 2011. The average dividend yield among industry peers is 1.4%. Aankondiging • Jun 26
Delek US Holdings, Inc.(NYSE:DK) dropped from Russell 2000 Value Index Delek US Holdings, Inc.(NYSE:DK) dropped from Russell 2000 Value Index Aankondiging • Jun 22
Delek US Holdings, Inc. Announces Special Dividend, Payable on July 20, 2022 Delek US Holdings, Inc. announced that the board of directors declared a special dividend of $0.20 per share. The dividend is payable on July 20, 2022 to shareholders of record on July 12, 2022. Buying Opportunity • May 21
Now 21% undervalued Over the last 90 days, the stock is up 67%. The fair value is estimated to be €33.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: US$0.09 (vs US$1.34 loss in 1Q 2021) First quarter 2022 results: EPS: US$0.09 (up from US$1.34 loss in 1Q 2021). Revenue: US$4.46b (up 86% from 1Q 2021). Net income: US$6.60m (up US$105.2m from 1Q 2021). Profit margin: 0.1% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 9.9%, compared to a 44% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 21
Delek US Holdings, Inc. to Report Q1, 2022 Results on May 03, 2022 Delek US Holdings, Inc. announced that they will report Q1, 2022 results Pre-Market on May 03, 2022 Aankondiging • Apr 05
Delek US Holdings, Inc., Annual General Meeting, May 03, 2022 Delek US Holdings, Inc., Annual General Meeting, May 03, 2022, at 13:00 Central Daylight. Agenda: To elect eight directors of the company to serve until the 2023 Annual Meeting of Stockholders or until their respective successors are appointed, elected and qualified; to adopt the advisory resolution approving the company's executive compensation program for the named executive officers as described in the proxy statement; to ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the 2022 fiscal year; to approve an amendment to the 2016 Long-Term Incentive Plan to increase the number of shares available for issuance thereunder; to approve an amendment and restatement of the Amended and Restated Certificate of Incorporation adding certain provisions required by the Jones Act; and to consider other matters. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$2.75 loss per share (up from US$8.26 loss in FY 2020). Revenue: US$10.6b (up 46% from FY 2020). Net loss: US$203.5m (loss narrowed 67% from FY 2020). Revenue exceeded analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 3.5%, compared to a 80% growth forecast for the oil industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Aankondiging • Nov 28
Delek US Holdings, Inc. (NYSE:DK) agreed to acquire 15% interest in Wink to Webster Long-Haul Pipeline for approximately $130 million. Delek US Holdings, Inc. (NYSE:DK) agreed to acquire 15% interest in Wink to Webster Long-Haul Pipeline for approximately $130 million on November 26, 2021. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.24 (vs US$1.20 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.96b (up 43% from 3Q 2020). Net income: US$18.1m (up US$106.2m from 3Q 2020). Profit margin: 0.6% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 04
Second quarter 2021 earnings released: US$1.10 loss per share (vs US$1.19 profit in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$2.19b (up 43% from 2Q 2020). Net loss: US$81.1m (down 193% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • May 06
First quarter 2021 earnings released: US$1.34 loss per share (vs US$4.28 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$2.39b (up 31% from 1Q 2020). Net loss: US$98.6m (loss narrowed 69% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 03
Delek US Holdings Names Todd O'Malley as EVP and Chief Commercial Officer Delek US Holdings, Inc. announced the appointment of Todd O'Malley to EVP, Chief Commercial Officer effective March 1, 2021. Prior to joining Delek in 2021, Mr. O'Malley served as a special advisor to a number of private equity and public company CEO's and boards regarding corporate strategy, M&A/divestments, financial structuring, and commercial optimization. He has previously held C-suite positions at Citizens Companies (President and CEO), Gulf Oil (EVP and Chief Commercial Officer), PBF Logistics (President), and PBF Energy (SVP and Chief Commercial Officer). Aankondiging • Feb 27
Delek US Holdings, Inc. Appoints Nilah Staskus as Senior Vice President, Chief Accounting Officer and Principal Accounting Officer On February 22, 2021, the Board of Directors of Delek US Holdings, Inc. appointed Nilah Staskus, age 60, as Senior Vice President, Chief Accounting Officer and designated Ms. Staskus the Company’s principal accounting officer for SEC reporting purposes. Ms. Staskus has served as Senior Vice President, Accounting for the Company and Delek Logistics Partners, LP (“Delek Logistics”) since July 2019. Reported Earnings • Feb 25
Full year 2020 earnings released: US$8.26 loss per share (vs US$4.03 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$7.30b (down 22% from FY 2019). Net loss: US$608.0m (down 299% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue beats expectations Revenue exceeded analyst estimates by 9.3%. Over the next year, revenue is expected to shrink by 6.3% compared to a 29% growth forecast for the Oil and Gas industry in Germany. Is New 90 Day High Low • Feb 18
New 90-day high: €19.40 The company is up 72% from its price of €11.30 on 19 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.91 per share. Is New 90 Day High Low • Jan 27
New 90-day high: €17.20 The company is up 118% from its price of €7.90 on 29 October 2020. The German market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 72% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.90 per share. Aankondiging • Jan 22
Delek US Holdings, Inc. Announces the Appointment of Laurie Z. Tolson to the Board of Directors Delek US Holdings, Inc. announced the appointment of Laurie Z. Tolson to the Board of Directors effective January 20, 2021. Laurie Z. Tolson, has served on the Board of Directors at Fenix Marine Services. Since March 2020, Ms. Tolson has been the chief executive officer of Tolson Consulting Company, where she advises companies on digital transformation strategies. Aankondiging • Jan 16
CVR Energy Not Interested in Buying Delek CVR Energy, Inc. (NYSE:CVI) majority owned by billionaire-investor Carl Icahn, said it was not interested in buying Delek US Holdings, Inc. (NYSE:DK) and proposed to replace three Delek board nominees with its own. CVR, which owns about 15% of Delek and is its largest stockholder, said it would instead focus on devoting capital to internal higher-return projects, according to a regulatory filing, which cited a letter to Delek from CVR Energy Chief Executive Officer David Lamp. Lamp cited the dramatic changes in the industry since it started buying shares of Delek as one of the reasons it was not pursuing an acquisition. Responding to CVR’s letter, Delek said it welcomes dialogue with its shareholders and constructive input related to enhancing shareholder value. The company added that its nominating and corporate governance committee will evaluate any nominees from CVR if and when they are received, and make a recommendation in due course. Lamp said CVR continues to believe Delek’s stock is undervalued and the company would benefit by prioritizing free cash flow over growth, and focusing on core refineries while exiting from others. “Generally when activists get involved in energy equities, they tend to outperform . CVI is making it very clear they have no intentions of acquiring DK. So, we expect the positive reaction to be more muted,” Credit Suisse analyst Manav Gupta wrote in a note. Aankondiging • Jan 13
Delek US Holdings, Inc. to Report Q4, 2020 Results on Feb 23, 2021 Delek US Holdings, Inc. announced that they will report Q4, 2020 results After-Market on Feb 23, 2021 Is New 90 Day High Low • Jan 13
New 90-day high: €15.20 The company is up 56% from its price of €9.75 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.33 per share. Recent Insider Transactions • Dec 15
Independent Director recently bought €154k worth of stock On the 10th of December, Richard Marcogliese bought around 11k shares on-market at roughly €13.97 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €114k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Dec 07
New 90-day high: €13.10 The company is up 13% from its price of €11.60 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 41% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.44 per share. Aankondiging • Nov 26
Avigal Soreq Notifies Delek US Holdings, Inc. to Leave Role as Executive Vice President and Chief Operating Officer On November 24, 2020, Avigal Soreq notified Delek US Holdings, Inc. (the Company) that he will be leaving his role as Executive Vice President and Chief Operating Officer to pursue an opportunity in Israel outside of industry. The effective date of Mr. Soreq's resignation has not been determined at this time, and Mr. Soreq will remain active and support the Company during a period of transition. 