Delek US beats Q2 revenue estimates, on track to meet FY EBITDA guidance
DK•Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell".
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."
Wall Street's median 12-month price target for Delek US Holdings Inc is $52.00, about 21.5% below its August 4 closing price of $66.20.
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 17 three months ago.
Outlook and capital allocation
Delek US expects no more planned refinery turnarounds for the rest of 2026 and said it is well positioned to benefit from a constructive margin environment.
Delek Logistics remains on track to meet annual EBITDA guidance of $520 million to $560 million.
The company also said it purchased $20 million in common stock and refinanced debt, extending maturities and reducing interest expense.
Q2 revenue, earnings and EBITDA beat estimates
Delek US said second-quarter revenue rose and beat analyst expectations, while adjusted earnings per share increased sharply year over year, driven by higher refining margins and improved operations.
The US downstream energy company reported:
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q2 Revenue | $4.09 bln | $3.61 bln |
| Q2 Adjusted EPS | $5.48 | — |
