Delek US posts $1.13 billion Q3 profit
Key points
- Delek US Holdings (NYSE:DK) reported third-quarter 2026 net income of $1.134 billion, or $18.22 per share, with adjusted EBITDA of $1.280 billion.
- The company expects to repay its outstanding $850 million term loan during the fourth quarter and plans up to $100 million in additional share repurchases.
- Delek increased its Enterprise Optimization Plan annual cash flow improvement target to at least $250 million and raised Delek Logistics' annual adjusted EBITDA guidance to $530 million–$560 million.
Delek US Holdings (NYSE:DK) reported third-quarter 2026 net income of $1.134 billion, or $18.22 per share, alongside adjusted EBITDA of $1.280 billion for the quarter ended September 30.
The company also reported adjusted net income of $843 million, or $13.55 per share, while excluding the effects of renewable volume obligation (RVO) adjustments and small refinery exemptions (SREs) reduced adjusted earnings per share to $10.53.
Adjusted EBITDA excluding the current-quarter RVO adjustment and SRE benefits was $1.038 billion, while the company increased its Enterprise Optimization Plan annual run-rate cash flow improvement target to at least $250 million.
Delek Logistics reported adjusted EBITDA of $142.9 million and raised its annual guidance to $530 million–$560 million, while Delek US expects to repay its $850 million term loan and repurchase up to $100 million in shares during the fourth quarter.
Delek US operates refining, logistics, transportation and marketing businesses, with operations focused on petroleum refining and related energy infrastructure.
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