Delek US Holdings (DK) Tops Q1 EPS by 68c
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Delek US Holdings Reports First Quarter 2022 Results
May 3, 2022 7:30 AM EDTReported first quarter net income of $6.6 million or $0.09 per share and Adjusted EBITDA of $172.8 millionCompleted $64 million share acquisition from the Icahn Group at $18.30/share, reducing shares outstanding by ~5% Planned acquisition of 3Bear places us well on-track to achieve midstream EBITDA target of $365 - $395 millionAccelerating Permian Gathering activity provides growth opportunities and potential for attractive crude discountsPositioned to capture robust energy environment with no major turnaround activity planned in 2022Retrospectively transitioned Tyler, TX refinery from LIFO to FIFO inventory accounting methodologyMaintained... More
