DELEK US Reports Second Quarter Earnings Results for FY2023
August 14, 2023
🌥️Earnings Overview
On August 7 2023, DELEK US ($NYSE:DK) reported their Q2 2023 earnings results, with total revenue of USD 4195.6 million, a decrease of 29.9% from the same period in FY2022. Net income in Q2 2023 was USD -8.3 million, compared to the USD 361.8 million reported in Q2 2022.
Price History
DELEK US reported their second quarter earnings results for the financial year 2023 on Monday. The company’s stock opened at $27.4 and closed at $27.8, up 0.8% from last closing price of 27.5. It was a positive sign for the company and signaled an overall growth in the second quarter.
The company posted positive figures across multiple segments, which further bolstered investor confidence in DELEK US. Overall, these results have been well received by investors and analysts alike, and DELEK US looks to have a strong financial year in 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Delek Us. More…
| Total Revenues | Net Income | Net Margin |
| 17.92k | -55.3 | -0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Delek Us. More…
| Operations | Investing | Financing |
| 329.6 | -490.6 | -262 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Delek Us. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.77k | 6.71k | 14.32 |
Key Ratios Snapshot
Some of the financial key ratios for Delek Us are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 31.0% | -2.4% | 1.2% |
| FCF Margin | ROE | ROA |
| 0.6% | 14.2% | 1.8% |
Analysis
GoodWhale recently conducted an analysis of DELEK US‘s wellbeing. Our Star Chart rating for DELEK US is 6/10, indicating that its cashflows and debt indicate that the company is in an intermediate health state, with some capability to pay off debt and fund future operations. The analysis also showed that DELEK US was strong in asset, and medium in dividend, growth, and profitability. Based on these results, we classified the company as a ‘rhino’; a type of company that has achieved moderate revenue or earnings growth. It is made up of strong assets, but with moderate growth, dividend, and profitability. More…
Peers
The company’s competitors are PBF Energy Inc, HF Sinclair Corp, and PBF Logistics LP. Delek US Holdings Inc. has a market share of 9.4%.
– PBF Energy Inc ($NYSE:PBF)
PBF Energy is a leading independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other industrial products in the United States. The company’s market cap is $5.8 billion and its ROE is 52.76%. PBF Energy operates refining facilities in Ohio, New Jersey and Louisiana with a combined capacity of approximately 1.9 million barrels per day. The company also owns and operates two logistics businesses, PBF Logistics LP and PBF Holding Company LLC, which provide crude oil and refined product transportation and storage services.
– HF Sinclair Corp ($NYSE:DINO)
Sinclair Broadcasting Group, Inc. is an American telecommunications company that is owned by the family of company founder Julian Sinclair Smith. The company is the largest television station operator in the United States by number of stations, and largest by total coverage; owning or operating a total of 193 stations across the country. Many of the group’s stations are in the top markets, including Seattle, Pittsburgh, St. Louis and Las Vegas.
– PBF Logistics LP ($NYSE:PBFX)
PBF Logistics LP is a publicly traded master limited partnership that owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids (NGL) logistics assets. The company has a market cap of 1.38B as of 2022 and a Return on Equity of 40.3%. PBF Logistics is headquartered in Parsippany, New Jersey.
Summary
Delek US reported their Q2 FY2023 earnings on August 7th, showing a decrease in total revenue of 29.9% from the same period a year ago, resulting in a net income loss of $8.3 million. This is a stark contrast to the previous year’s income of $361.8 million. Investors should take note of this significant downturn and evaluate whether Delek’s current prospects are worth pursuing for the foreseeable future. Further research into the company should be done to assess their financial health and determine whether it is a smart investment.
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