Quarterly ResultApr 29, 2026, 01:54 PM
DK Q1 Net Loss $(201.3)M; EPS $(3.34); Operating Cash Flow $461.1M
AI Summary
Delek US Holdings, Inc. reported a net loss attributable to Delek of $(201.3) million, or $(3.34) per share, for Q1 2026, widening from a net loss of $(172.7) million, or $(2.78) per share, in Q1 2025. Despite the increased loss, net cash provided by operating activities significantly improved to $461.1 million from a $(62.4) million use in the prior year. The company also engaged in intercompany asset transfers with Delek Logistics, including the $19.0 million Tyler Tank Purchase and the $25.0 million El Dorado rail facility purchase.
Key Highlights
- Net loss attributable to Delek was $(201.3)M, compared to $(172.7)M in Q1 2025.
- Basic and diluted EPS was $(3.34), worsening from $(2.78) in Q1 2025.
- Net revenues were $2,653.1M, a slight increase from $2,641.9M in Q1 2025.
- Net cash provided by operating activities was $461.1M, a significant improvement from $(62.4)M in Q1 2025.
- Refining segment EBITDA attributable to Delek was $79.2M, up from $(15.8)M in Q1 2025.
- Logistics segment EBITDA attributable to Delek was $94.9M, up from $92.2M in Q1 2025.
- Company acquired a Tyler refinery tank for $19.0M and El Dorado rail facility assets for $25.0M.
- $140.0M remains authorized under the common unit repurchase agreement with Delek Logistics.
Price Impact
More from DK