Delek US Holdings, Inc.

Delek US Holdings, Inc. announced several executive management changes effective July 1, 2026. Robert Wright was appointed Chief Financial Officer, succeeding Mark Hobbs, who transitioned to Executive Vice President, Logistics. Misty Lavender was named Executive Vice President, General Counsel and Corporate Secretary, replacing Denise McWatters, who will move to a consulting role. Additionally, Mohit Bhardwaj's role expanded to Executive Vice President, New Energy, Strategy & IR, and Robert Wright received an increase in base salary and bonus target.

Delek US Holdings, Inc. closed an amendment to its Amended and Restated Term Loan Credit Agreement, effectively refinancing its existing term loan facility. This amendment reduced the outstanding principal amount to $850.0 million, extended the maturity to six years, and lowered the interest rate on borrowings. MUFG Bank, Ltd. and U.S. Bank Trust Company, National Association were appointed as the new administrative and collateral agents, respectively.

Delek US Holdings, Inc. announced an amendment to its amended and restated term loan credit agreement, which is expected to close around May 15, 2026. The amendment will extend the maturity of the Term Credit Facility to six years and reduce the interest rate on borrowings. Following contemplated prepayments, the principal amount of the facility will be $850.0 million.

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.

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.

Delek US Holdings, Inc. has established its 2026 Long-Term Incentive Plan, effective April 20, 2026. The plan's primary objectives are to attract and retain key personnel, including nonemployee directors, employees, and consultants. It seeks to reward their contributions and align their interests with the company's success by providing a proprietary stake in its growth and performance through various awards.

Delek US Holdings, Inc. announced a leadership transition in its refining operations. Amber Russell has been appointed Executive Vice President, Refining, effective April 20, 2026. Concurrently, Joseph Israel departed from his role as Executive Vice President, Refining and Renewables. Ms. Russell brings extensive experience from bp and ExxonMobil, while Mr. Israel will receive previously disclosed separation benefits and COBRA coverage.

Delek US Holdings, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.255 per share. This dividend is scheduled to be paid on May 8, 2026, to all shareholders who are on record as of May 1, 2026. This action demonstrates the company's ongoing commitment to returning value to its shareholders.

Delek US Holdings, Inc. amended its existing credit agreement, increasing its revolving loan commitments by $150 million to $1.25 billion. The amendment also extends the maturity date of the Revolving Facility by over three years to April 9, 2031, and reduces the applicable interest rate margins by 0.25%. These modifications enhance the company's financial flexibility and liquidity while lowering borrowing costs.