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Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates in two segments Refining and Logistics. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals. It owns and operates refineries located in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana. The Logistics segment gathers, transports, and stores crude oil and natural gas, intermediate, and refined products; and markets, distributes, transports, and stores refined products, as well as disposes and recycles water for third parties. It owns or leases crude oil transportation pipelines, refined product pipelines, crude oil gathering systems, and associated crude oil storage tanks; and owns and operates light product distribution terminals, as well as markets light products using third-party terminals. It serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, government, and independent retail fuel operators. Delek US Holdings, Inc. was founded in 2001 and is headquartered in Brentwood, Tennessee.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $10.7B | $782M | $-23M | $-6M | -8.0% | -9.5% | -95.9% |
| 2024 | $11.9B | $-19M | $-560M | $-497M | -179.2% | -28.0% | -2930.3% |
| 2023 | $16.5B | $674M | $20M | $617M | 2.3% | -16.8% | -92.3% |
| 2022 | $19.8B | $793M | $257M | $140M | 27.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 19,801 | 16,467.20 | 11,852.20 | 10,722.90 |
| Operating Revenue | - | 19,801 | 16,467.20 | 11,852.20 | 10,722.90 |
| Cost Of Revenue | - | 19,064.50 | 15,935.40 | 11,920.10 | 10,134.30 |
| Gross Profit | - | 736.50 | 531.80 | -67.90 | 588.60 |
| Operating Expense | - | 310.20 | 269.50 | 200.70 | 270 |
| Selling General And Administration | - | 313.70 | 272 | 252.80 | 269.50 |
| Total Expenses | - | 19,374.70 | 16,204.90 | 12,120.80 | 10,404.30 |
| Operating Income | - | 426.30 | 262.30 | -268.60 | 318.60 |
| Total Operating Income As Reported | - | 457.50 | 244.70 | -491.50 | 301 |
| EBITDA | - | 792.60 | 674.10 | -18.50 | 782 |
| Normalized EBITDA | - | 761.40 | 691.70 | 204.40 | 799.60 |
| EBIT | - | 517.60 | 334.60 | -393 | 384.20 |
| Interest Income | 0.50 | - | - | - | - |
| Interest Expense | - | 195.80 | 318 | 313 | 345.30 |
| Net Interest Income | - | -195.80 | -318 | -313 | -345.30 |
| Other Non Operating Income Expenses | - | 2.40 | 3.70 | 6.30 | -6.30 |
| Other Income Expense | - | 91.30 | 72.30 | -124.40 | 65.60 |
| Interest Income Non Operating | 0.50 | - | - | - | - |
| Interest Expense Non Operating | - | 195.80 | 318 | 313 | 345.30 |
| Net Non Operating Interest Income Expense | - | -195.80 | -318 | -313 | -345.30 |
| Pretax Income | - | 321.80 | 16.60 | -706 | 38.90 |
| Tax Provision | - | 56.40 | -3 | -107.90 | -6.80 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 5.46 | -3.70 | -34.10 | -3.70 |
| Net Income Continuous Operations | - | 265.40 | 19.60 | -598.10 | 45.70 |
| Net Income From Continuing And Discontinued Operation | - | 257.10 | 19.80 | -560.40 | -22.80 |
| Net Income From Continuing Operation Net Minority Interest | - | 232 | -7.30 | -637.60 | -20.40 |
| Net Income | - | 257.10 | 19.80 | -560.40 | -22.80 |
| Net Income Common Stockholders | - | 257.10 | 19.80 | -560.40 | -22.80 |
| Net Income Including Noncontrolling Interests | - | 290.50 | 46.70 | -520.90 | 43.30 |
| Normalized Income | - | 206.26 | 6.60 | -448.80 | -6.50 |
| Diluted NI Availto Com Stockholders | - | 257.10 | 19.80 | -560.40 | -22.80 |
| Basic Average Shares | - | 70.79 | 65.41 | 63.88 | 60.70 |
| Diluted Average Shares | - | 71.52 | 65.98 | 63.88 | 60.70 |
| Reconciled Depreciation | - | 275 | 339.50 | 374.50 | 397.80 |
| Reconciled Cost Of Revenue | - | 19,064.50 | 15,935.40 | 11,920.10 | 10,134.30 |
| Total Unusual Items | - | 31.20 | -17.60 | -222.90 | -17.60 |
| Total Unusual Items Excluding Goodwill | - | 31.20 | -17.60 | -222.90 | -17.60 |
| Minority Interests | - | -33.40 | -26.90 | -39.50 | -66.10 |
| Net Income Discontinuous Operations | - | 25.10 | 27.10 | 77.20 | -2.40 |
| Special Income Charges | - | 31.20 | -17.60 | -222.90 | -17.60 |
| Other Special Charges | - | -31.20 | -20.30 | -20.60 | -0.10 |
| Write Off | - | 0 | 37.90 | 243.50 | 17.70 |
| Impairment Of Capital Assets | 0 | 0 | 37.90 | - | - |
| Depreciation Amortization Depletion Income Statement | 25 | 23.20 | 28.80 | - | - |
| Depreciation And Amortization In Income Statement | 25 | 23.20 | 28.80 | - | - |
| General And Administrative Expense | - | 313.70 | 272 | 252.80 | 269.50 |
| Other Gand A | - | 313.70 | 272 | 252.80 | 269.50 |
| Gain On Sale Of Ppe | 0 | 0 | - | - | - |
| Other Operating Expenses | - | -3.50 | -2.50 | -52.10 | 0.50 |
| Earnings From Equity Interest | - | 57.70 | 86.20 | 92.20 | 89.50 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Delek US Holdings, Inc.this co. | DK | $2.9B | -128.14 | 10.20 | -8.0% | 7.16 |
| Gulfport Energy Corporation | GPOR | $3.1B | 7.76 | 1.68 | 21.6% | 4.31 |
| BKV Corporation | BKV | $3.0B | 17.08 | 1.45 | 8.5% | 8.15 |
| Seadrill Limited | SDRL | $2.9B | - | 1.68 | -2.7% | 12.69 |
| Select Water Solutions, Inc. | WTTR | $2.7B | 127.24 |
| - |
| - |
| - |
| - |
| - |
| - |
| 3.35 |
| 2.6% |
| 13.33 |
| DHT Holdings, Inc. | DHT | $2.6B | 12.39 | 2.31 | 18.6% | 8.94 |
| National Energy Services Reunited Corp. | NESR | $2.6B | 49.96 | 2.64 | 5.3% | 11.77 |
| FLOC | FLOC | $2.5B | 60.62 | 10.98 | 18.1% | 8.92 |
| Teekay Tankers Ltd. | TNK | $2.4B | 6.92 | 1.19 | 17.2% | 3.77 |
| Peer Median | - | 17.08 | 1.99 | 12.8% | 8.93 | |