Delek US Holdings stock posts record Q3 profit as cash plans expand

Published on 11/12/2026 at 01:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Delek US Holdings stock follows a record third quarter driven by stronger refining margins. Management also raised its cash-flow target.

Delek US strengthens cash generation

Third-quarter net income attributable to Delek reached 1,133.8 million US dollars.
Management raised its annual Enterprise Optimization Plan cash-flow target to at least 250 million US dollars.
The company plans to repay its 850 million US dollar term loan and may repurchase up to 100 million US dollars of stock in the fourth quarter.

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Delek US Holdings reported record third-quarter results on November 6, 2026, as stronger refining margins and reliable operations lifted profitability. In its company announcement carried by Financial Times, Delek said net income attributable to the company rose to 1,133.8 million US dollars from 178.0 million US dollars a year earlier.

Record refining performance lifts earnings

Adjusted net income reached 843.0 million US dollars, or 13.55 US dollars per diluted share, compared with 434.2 million US dollars, or 7.13 US dollars per share, in the prior-year quarter. Adjusted EBITDA increased to 1,280.4 million US dollars from 766.7 million US dollars.

Revenue climbed to 4,392.1 million US dollars from 2,887.0 million US dollars. Refining adjusted EBITDA rose to 1,242.1 million US dollars from 697.4 million US dollars, while benchmark crack spreads increased by an average of 191.2 percent, according to the release.

Delek US stock traded at 60.06 euros on Lang & Schwarz at 11:00 p.m. CET on Wednesday, November 11. The quote is shown without a daily comparison to an Xetra closing price.

Cash priorities move into focus

Delek raised its Enterprise Optimization Plan annual run-rate cash-flow improvement target to at least 250 million US dollars, up from 220 million US dollars. The company also expects to repay its outstanding 850 million US dollar term loan during the fourth quarter.

Capital returns are set to continue. Delek repurchased 50.0 million US dollars of common stock in the quarter and expects to buy back up to 100 million US dollars in the fourth quarter. The regular quarterly dividend was increased by approximately 18 percent to 0.30 US dollars per share, payable on November 18 to shareholders of record on November 10.

Delek operates across downstream energy

Delek US is a diversified downstream energy company operating in petroleum refining, logistics, pipelines and renewable fuels. Its refining assets are located in Texas, Arkansas and Louisiana, with combined nameplate crude throughput capacity of 302,000 barrels per day.

The company also owns approximately 58.0 percent of Delek Logistics Partners, a midstream partnership focused on crude, gas and water infrastructure. Delek therefore combines a refining business with integrated logistics assets and remains exposed to refining margins, feedstock access and energy-market volatility.