Quarterly ResultApr 29, 2026, 06:37 AM
DK Q1 Adjusted Net Income $4.7M, EPS $0.08; Net Loss $(201.3)M
AI Summary
Delek US Holdings reported a Q1 2026 net loss of $201.3 million or $(3.34) per share, but an adjusted net income of $4.7 million or $0.08 per share, with adjusted EBITDA of $211.7 million. The company successfully completed the Big Spring Refinery turnaround on time and within budget, and increased its Enterprise Optimization Plan's annual run-rate cash flow improvements to approximately $220 million. Additionally, Delek refinanced its revolving credit facilities, boosting consolidated borrowing capacity by $300 million, and declared a regular quarterly dividend of $0.255 per share.
Key Highlights
- DK Q1 2026 net loss $(201.3) million or $(3.34) per share.
- DK Q1 2026 adjusted net income $4.7 million or $0.08 per share.
- Adjusted EBITDA reached $211.7 million, up from $33.6 million in Q1 2025.
- Big Spring Refinery turnaround completed safely, on time, and within budget.
- Enterprise Optimization Plan cash flow improvements increased to ~$220 million annually.
- Refinanced credit facilities, increasing consolidated borrowing capacity by $300 million.
- Refining segment Adjusted EBITDA was $155.3 million (vs $(27.0) million in Q1 2025).
- Declared regular quarterly dividend of $0.255 per share.