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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 | -4.2% | -9.5% | - |
| 2024 | $11.9B | $-19M | $-560M | $-497M | -97.4% | -28.0% | -2930.3% |
| 2023 | $16.5B | $674M | $20M | $617M | 2.1% | -16.8% | -92.3% |
| 2022 | $19.8B | $793M | $257M | $140M | 24.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | 426.30 | 262.30 | -268.60 | 318.60 |
| EBITDA | 792.60 | 674.10 | -18.50 | 782 |
| EBIT | 517.60 | 334.60 | -393 | 384.20 |
| Pretax Income | 321.80 | 16.60 | -706 | 38.90 |
| Tax Provision | 56.40 | -3 | -107.90 | -6.80 |
| Net Income | 257.10 | 19.80 | -560.40 | -22.80 |
| Net Income Common Stockholders | 257.10 | 19.80 | -560.40 | -22.80 |
| Total Expenses | 19,374.70 | 16,204.90 | 12,120.80 | 10,404.30 |
| Interest Expense | 195.80 | 318 | 313 | 345.30 |
| Interest Income | 0 | 0 | 0 | 0 |
| Selling General And Administration | 313.70 | 272 | 252.80 | 269.50 |
| Normalized EBITDA | 761.40 | 691.70 | 204.40 | 799.60 |
| Normalized Income | 206.26 | 6.60 | -448.80 | -6.50 |
| Basic EPS | 3.63 | 0.30 | -8.77 | -0.38 |
| Diluted EPS | 3.59 | 0.30 | -8.77 | -0.38 |
| Tax Effect Of Unusual Items | 5.46 | -3.70 | -34.10 | -3.70 |
| Tax Rate For Calcs | 0.17 | 0.21 | 0.15 | 0.21 |
| Total Unusual Items | 31.20 | -17.60 | -222.90 | -17.60 |
| Total Unusual Items Excluding Goodwill | 31.20 | -17.60 | -222.90 | -17.60 |
| Net Income From Continuing Operation Net Minority Interest | 232 | -7.30 | -637.60 | -20.40 |
| 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 |
| Net Interest Income | -195.80 | -318 | -313 | -345.30 |
| Net Income From Continuing And Discontinued Operation | 257.10 | 19.80 | -560.40 | -22.80 |
| Total Operating Income As Reported | 457.50 | 244.70 | -491.50 | 301 |
| Diluted Average Shares | 71.52 | 65.98 | 63.88 | 60.70 |
| Basic Average Shares | 70.79 | 65.41 | 63.88 | 60.70 |
| Diluted NI Availto Com Stockholders | 257.10 | 19.80 | -560.40 | -22.80 |
| Minority Interests | -33.40 | -26.90 | -39.50 | -66.10 |
| Net Income Including Noncontrolling Interests | 290.50 | 46.70 | -520.90 | 43.30 |
| Net Income Discontinuous Operations | 25.10 | 27.10 | 77.20 | -2.40 |
| Net Income Continuous Operations | 265.40 | 19.60 | -598.10 | 45.70 |
| Other Income Expense | 91.30 | 72.30 | -124.40 | 65.60 |
| Other Non Operating Income Expenses | 2.40 | 3.70 | 6.30 | -6.30 |
| Special Income Charges | 31.20 | -17.60 | -222.90 | -17.60 |
| Gain On Sale Of Ppe | 0 | 0 | 0 | 0 |
| 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 | 37.90 | 0 | 0 |
| Earnings From Equity Interest | 57.70 | 86.20 | 92.20 | 89.50 |
| Net Non Operating Interest Income Expense | -195.80 | -318 | -313 | -345.30 |
| Interest Expense Non Operating | 195.80 | 318 | 313 | 345.30 |
| Interest Income Non Operating | 0 | 0 | 0 | 0 |
| Other Operating Expenses | -3.50 | -2.50 | -52.10 | 0.50 |
| Depreciation Amortization Depletion Income Statement | 23.20 | 28.80 | 0 | 0 |
| Depreciation And Amortization In Income Statement | 23.20 | 28.80 | 0 | 0 |
| General And Administrative Expense | 313.70 | 272 | 252.80 | 269.50 |
| Other Gand A | 313.70 | 272 | 252.80 | 269.50 |
| Operating Revenue | 19,801 | 16,467.20 | 11,852.20 | 10,722.90 |
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 | - | 9.74 | -4.2% | 7.29 |
| Gulfport Energy Corporation | GPOR | $3.5B | 8.97 | 1.97 | 23.3% | 4.81 |
| BKV Corporation | BKV | $3.3B | 15.46 | 1.45 | 8.4% | 8.51 |
| Seadrill Limited | SDRL | $3.1B | - | 1.09 | -2.7% | 11.06 |
| DHT Holdings, Inc. | DHT | $2.9B | 13.95 | 2.59 |
| 18.6% |
| 10.27 |
| Teekay Tankers Ltd. | TNK | $2.7B | 7.75 | 1.32 | 17.2% | 6.81 |
| FLOC | FLOC | $2.6B | 19.77 | 3.12 | 3.0% | 6.87 |
| National Energy Services Reunited Corp. | NESR | $2.4B | 46.63 | 2.52 | 5.3% | 11.06 |
| Select Water Solutions, Inc. | WTTR | $2.3B | 80.95 | 2.21 | 2.3% | 10.25 |
| Peer Median | - | 15.46 | 2.09 | 6.8% | 9.38 | |