trending Market Intelligence /marketintelligence/en/news-insights/trending/Z-Oy00HTwO_W_5SHR81O9A2 content esgSubNav
In This List

Delek US Holdings' Q2 income rises, beats Street estimate

Blog

European Energy Insights - May 2021

Blog

Metals & Mining Insights May 2021

Blog

[Report]: 2021 Corporate Renewables Outlook

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective


Delek US Holdings' Q2 income rises, beats Street estimate

Delek US Holdings Inc. on Aug. 5 reported an adjusted net income of $90.6 million, or $1.17 per share, for the second quarter, up from $78.9 million, or 92 cents per share, a year ago.

The refiner beat the S&P Global Market Intelligence normalized consensus EPS estimate at 81 cents for the quarter.

On a GAAP basis, net income attributable to Delek totaled $77.3 million during the quarter, down from $79.1 million in the prior-year period.

The company had net revenues of $2.48 billion for the quarter, down from $2.64 billion a year earlier. The revenue was driven by the refining segment at $2.15 billion, a decrease from the segment's revenue of $2.32 billion in the prior-year period. The logistics and retail segments also saw a drop in revenue for the quarter, compared with the same period last year.

Adjusted EBITDA reached $204.9 million during the quarter, up from $186.1 million a year earlier.

Delek Logistics Partners LP also announced net income attributable to partners of $24.9 million, or 69 cents per unit, for the second quarter, down from $25.6 million, or 79 cents per unit, in the prior-year period.

Net revenues amounted to $155.3 million during the quarter, down from $166.3 million a year ago.