Delek US Holdings Inc. (DK) news stock charts
Delek US Holdings Inc. (DK) Investment Summary:
Delek US Holdings, Inc., through its subsidiaries, engages in the refining and marketing of petroleum products in the United States. The company operates in three segments: Refining, Marketing, and Retail. The Refining segment operates an independent refinery in Tyler, Texas. This segment produces gasoline, diesel, jet fuels, liquefied petroleum gas, and natural gas liquids, as well as petrochemicals, such as propane, refinery grade propylene, and butanes; and other products, including anode grade coke, slurry oil, sulfur, and other blendstocks. The Marketing segment sells refined products on a wholesale basis in west Texas through company-owned and third party operated terminals. The Retail segment markets gasoline, diesel, and other refined petroleum products and convenience merchandise through company-operated retail fuel and convenience stores under the MAPCO Express, MAPCO Mart, Discount Food Mart, Fast Food and Fuel, East Coast, and Favorite Markets brand names. As of December 31, 2008, this segment operated a network of 482 company-operated retail fuel and convenience stores in Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. Delek US Holdings serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, and independent retail fuel operators. The company was founded in 2001 and is headquartered in Brentwood, Tennessee. Delek US Holdings, Inc. is a subsidiary of Delek Group, Ltd.DELEK US HOLDINGS INC (DK:NYSE)
Snapshot of DELEK US HOLDINGS INC (DK)
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OPEN
$7.44
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PREVIOUS CLOSE
$7.40
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DAY HIGH
$7.44
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DAY LOW
$7.13
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52 WEEK HIGH
04/9/09 - $12.41
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52 WEEK LOW
12/11/09 - $5.65
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MARKET CAP
388.5M
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AVERAGE VOLUME 10 D
94.8K
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EPS TTM
$-0.81
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SHARES OUTSTANDING
54.3M
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EX-DATE
02/23/10
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P/E TTM
--
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DIVIDEND
$0.15
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DIVIDEND YIELD
2.09%
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| K = Thousands M = Millions B = Billions | ||
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Key developments for DELEK US HOLDINGS INC (DK)
Delek US Holdings Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported net loss from continuing operations of $21.1 million, or $0.39 per basic and diluted share, versus net income from continuing operations of $1.4 million, or $0.03 per basic and diluted share, in the fourth quarter 2008. Net sales were $849.5 million against $678.8 million last year. Operating loss was $22.7 million against operating income of $11.3 million last year. Loss from continuing operations before income tax expense was $31.0 million against income from continuing operations before income tax expense of $7.3 million last year. Net loss was $21.1 million or $0.39 per basic and diluted share against net income of $2.1 million or $0.04 per basic and diluted share last year. Adjusted loss per share from continuing operations was $0.50 against adjusted earnings per share from continuing operations of $0.35 last year. Adjusted loss per share was $0.50 against adjusted earnings per share of $0.36 last year. Adjusted net loss from continuing operations before tax was $41.5 million and adjusted net loss from continuing operations after tax was $27.0 million. Total adjusted net loss before tax was $41.5 million and total adjusted net loss after tax was $27.0 million. For the full year, the company reported net income from continuing operations of $2.3 million, or $0.04 per basic and diluted share, versus net income from continuing operations of $24.6 million, or $0.46 per diluted share, in 2008. Net sales were $2,666.7 million against $4,723.7 million last year. Operating income was $31.4 million against operating income of $72.1 million last year. Income from continuing operations before income tax expense was $5.4 million against income from continuing operations before income tax expense of $43.2 million last year. Net income was $0.7 million or $0.01 per basic and diluted share against net income of $26.5 million or $0.49 per diluted share last year. Adjusted loss per share from continuing operations was $0.41 against adjusted earnings per share from continuing operations of $0.78 last year. Adjusted loss per share was $0.44 against adjusted earnings per share of $0.81 last year. Adjusted net loss from continuing operations before tax was $36.8 million and adjusted net loss from continuing operations after tax was $22.4 million. Total adjusted net loss before tax was $39.5 million and total adjusted net loss after tax was $24.0 million. Cash flows provided by operating activities were $137.8 million against $28.6 million last year. As of Dec. 31, 2009, the company had $68.4 million in cash and $317.1 million in debt, resulting in a net debt position of $248.7 million. For the quarter, impairment of goodwill before tax was $7.0 million against $11.2 million last year. Impairment of goodwill after tax was $4.3 million or $0.08 per share. The company anticipates total capital spending will decline significantly in 2010, compared to prior years.
Delek US Holdings Inc. held its earnings conference call. The company intends to look at acquisition opportunities. Uzi Yemin, President and CEO of the company said: Our goal in the past was, and still, to make strategic acquisition. However, as we said in the past, we're not going to stretch the balance sheet more than what we think is needed and we're not going to risk the Company for an acquisition. So, by the end of the day, we will probably keep looking. Not probably, we will keep looking and a lot of opportunity in the marketplace. However, we want to be much disciplined and not to stretch the balance sheet too hard. Fred Green, VP and COO of the company said: I think we've put ourselves in a position that, as Uzi just mentioned, if an attractive acquisition came along, we will have the debt capacity on the revolving side. But I would emphasize again, as Uzi talked about a few minutes ago, that we want to maintain the level of leverage we have today. We could possibly go up to 2.5 times EBITDA, but that would be as high as we want to go. So any acquisitions we would make, I think there would be a portion of equity and a portion of debt financing so that we keep our capital structure in line with where it is today and not deteriorate from where we are today.
Delek US Holdings Inc. Presents at The 2010 INVESTTennessee Equity Conference, May-27-2010. Venue: Nashville Convention Center, Nashville, Tennessee, United States.
Delek US Holdings Inc. financial resources
DK Competitors
| Company | Last | Change |
| Alon USA Energy Inc | $7.48 USD | -0.24 |
| Frontier Oil Corp | $13.75 USD | -0.13 |
| Holly Corp | $27.44 USD | -0.21 |
| Tesoro Corp/Texas | $13.84 USD | -0.31 |
| Western Refining Inc | $5.06 USD | +0.05 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | DK | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 0.1x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | 7.3x |
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| TEV/Sales | 0.0x |
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DK transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Delek US Holdings Inc.
Delek US Holdings Reports Fourth Quarter and Full-Year 2009 Results
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Refiner Delek posts 4Q loss as demand slides
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DELEK US HOLDINGS, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and E
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Refiner Delek posts 4Q loss as demand slides
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Q4 2009 Delek US Holdings Earnings Release - Before Market Open
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Delek US Holdings Reports Fourth Quarter and Full-Year 2009 Results
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Delek US Holdings Earnings Call scheduled for Thu, Mar 11
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Delek US Holdings Announces $300 Million Revolving Credit Facility
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Delek US Holdings Announces $300 Million Revolving Credit Facility
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DELEK US HOLDINGS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Def
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Delek US Declares Quarterly Cash Dividend
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Delek US Holdings to Host Fourth Quarter and Full-Year 2009 Conference Call on March 11th
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Delek reports repairs to blowers at Tyler cat cracker
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Delek US Declares Quarterly Cash Dividend
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Delek US Holdings to Host Fourth Quarter and Full-Year 2009 Conference Call on March 11th
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UPDATE - Delek reports FCCU boiler shutdown because of cold
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DELEK US HOLDINGS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financia
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Delek US Holdings Reports Third Quarter 2009 Results
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DELEK US HOLDINGS, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and E
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