Recent Updates — DK
The Board of Directors approved a quarterly cash dividend of $0.30 per share, representing an approximately 18% increase over the previous distribution of $0.255 per share. The dividend is payable on November 18, 2026, to shareholders of record as of November 10, 2026. Delek US Holdings operates in the downstream energy sector, managing petroleum refining assets and midstream logistics infrastructure.
Delek US Holdings completed a private offering of $460 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031 on September 29, 2026. The company received net proceeds of $449.1 million after deducting discounts and commissions. Proceeds were used to fund capped call transactions costing approximately $34.3 million and for general corporate purposes, including partial repayment of the Term Loan Credit Facility. The notes carry an initial conversion rate of 11.7219 shares per $1,000 principal amount, equivalent to a conversion price of approximately $85.31 per share, representing a 27.5% premium over the September 24 closing stock price of $66.91. The notes mature on November 1, 2031, and are fully guaranteed by subsidiaries securing the company's term loan and asset-based revolving credit facilities. Delek US Holdings operates in the downstream energy industry, owning petroleum refining, logistics, pipelines, and renewable fuels assets.
Delek US Holdings, Inc. reported second quarter 2026 net income of $169.5 million ($2.71 per share), compared to a loss in the prior year period. Adjusted net income was $343.9 million ($5.48 per share) and adjusted EBITDA reached $638.7 million, driven by a 136% increase in benchmark crack spreads and improved refining margins. The company also announced a regular quarterly dividend of $0.255 per share, payable on August 10, 2026 to shareholders of record as of August 3, 2026. Additionally, Delek US purchased $20.0 million in common stock during the quarter and successfully refinanced portions of its capital structure, extending debt maturities while reducing interest expense. Delek US Holdings, Inc. is a diversified downstream energy company operating petroleum refining, logistics, pipelines, and renewable fuels assets.
Delek US Holdings, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. The company posted net income of $169.5 million, or $2.71 per diluted share, compared to a net loss of $106.4 million in the prior-year period. Adjusted net income was $343.9 million, and adjusted EBITDA reached $638.7 million. The Board approved a regular quarterly dividend of $0.255 per share, payable on August 10, 2026 to shareholders of record as of August 3, 2026. Additionally, the company purchased $20.0 million in common stock during the quarter and successfully refinanced portions of its capital structure. Delek US Holdings, Inc. is a diversified downstream energy company operating petroleum refining, logistics, pipelines, and renewable fuels assets.
Delek US Holdings, Inc. announced on July 23, 2026, that its Board of Directors approved a quarterly dividend of $0.255 per share. The dividend is scheduled to be paid on August 10, 2026, to shareholders of record as of August 3, 2026. Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, and pipelines.
Delek US Holdings, Inc. announced executive management changes effective July 1, 2026, including the appointment of Robert Wright as Chief Financial Officer, Mark Hobbs as EVP, Logistics, and Mohit Bhardwaj as EVP, New Energy, Strategy & IR. The Company amended employment agreements for Mr. Wright and Reuven Spiegel, and appointed Misty Lavender as EVP, General Counsel and Corporate Secretary. Denise McWatters will transition to a consulting role through June 2028. Delek US Holdings, Inc. is an energy company that operates in the refining and logistics sectors.