Delek US publishes third-quarter 2026 earnings call transcript

DK•2026-11-09

Delek US reported adjusted net income of $843 million, or $13.55 per share, for the third quarter of 2026. It expects about $100 million in fourth-quarter share buybacks and $425 million in proceeds from small refinery exemptions.

1. Quarterly results and plans

Delek US held its third-quarter 2026 earnings call on November 6 with CEO Avigal Soreq, CFO Robert Wright and EVP Mohit Bhardwaj. Adjusted net income was $843 million, or $13.55 per share. The company expects about $100 million in fourth-quarter share buybacks and raised its quarterly dividend approximately 18% to $0.30 per share.

2. Exemptions and target

Small refinery exemptions are expected to generate approximately $425 million in fourth-quarter proceeds, with total accounting benefits of $750 million to $800 million. Management raised its enterprise optimization target to at least $250 million in annual run-rate improvement.