Delek US Holdings Reports Third Quarter 2026 Results
Key Highlights
- ➤Net income $1,133.8 million, or $18.22 per share, reached a record third quarter
- ➤Adjusted EBITDA $1,280.4 million, up from $766.7 million year over year
- ➤Delek Logistics (DKL) raised annual adjusted EBITDA guidance to $530-560 million
- ➤EOP annual run-rate cash flow improvement guidance increased to at least $250 million
- ➤Delek plans up to $100 million in fourth-quarter stock repurchases
Expert Statements
Avigal Soreq, President and Chief Executive Officer of Delek US
“Our third quarter results are a testament to the strong progress we have made as a company in making Delek a strong free cash flow generator through the cycle.”
Avigal Soreq, President and Chief Executive Officer of Delek US
“Our strong results are driven by smooth operations, access to advantaged barrels, and industry leading distillate and jet yield.”
Avigal Soreq, President and Chief Executive Officer of Delek US
“With our full system online, we remain well positioned to capture the benefits of the constructive margin environment we continue to see for the remainder of the year.”
Avigal Soreq, President and Chief Executive Officer of Delek US
“We have also taken great strides in improving our balance sheet and look forward to paying down our term loan in the fourth quarter.”
Avigal Soreq, President and Chief Executive Officer of Delek US
“We are also maintaining our balanced approach to capital allocation and plan to buy back up to $100 million of stock in Q4.”
Avigal Soreq, President and Chief Executive Officer of Delek US
“Delek Logistics Partners remains a key source of value creation, supported by its integrated three-stream service model, growing third-party cash flows, and continued asset optimization.”
Avigal Soreq, President and Chief Executive Officer of Delek US
“As the economic separation between DK and DKL increases, we believe both companies are better positioned to unlock their respective standalone value.”
Avigal Soreq, President and Chief Executive Officer of Delek US
“We have also increased our full year 2026 guidance today and for 2027 remain well positioned to add additional $60 million of our $75 million EBITDA growth guidance.”
Avigal Soreq, President and Chief Executive Officer of Delek US
“Looking ahead, we are encouraged by the setup for the remainder of 2026 and beyond.”
Avigal Soreq, President and Chief Executive Officer of Delek US
“We remain focused on safe and reliable operations, capturing the higher margin environment, maintaining capital discipline, and advancing incremental value creation initiatives that support our Sum of the Parts objectives.”
* Delek US reported a record third quarter net income of $1,133.8 million or $18.22 per share, adjusted net income of $843.0 million or $13.55 per share and adjusted EBITDA of $1,280.4 million
* Excluding the impacts of the RVO adjustment and SREs granted in the current quarter, adjusted EPS was $10.53 per share and adjusted EBITDA was $1,038.1 million
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