Delek US Announces Capital Program for 2023
January 5, 2023
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DELEK US ($NYSE:DK) is a diversified energy company engaged in the exploration, production, transportation and marketing of crude oil, natural gas and refined products in the United States. Through its subsidiaries, DELEK US Holdings, Inc. and Delek Logistics Partners, LP, it operates retail and wholesale fuel businesses in the Southwest and Southeast, respectively. The company also owns refining assets in Texas and Tennessee. Recently, Delek US announced its capital program for the year 2023. The company plans to use the capital program to invest in pipeline infrastructure, build new terminals and expand existing terminals and refineries. This will enable the company to increase its crude oil and refined product capacity and increase its access to new markets.
The capital program will also enable the company to improve its supply chain efficiency and reduce its costs. The capital program will also enable Delek US to invest in its retail segment through the expansion of existing sites and construction of new sites. This will help the company to better serve its customers with improved convenience, fuel offering and services. Overall, the capital program will enable Delek US to improve its operations and expand its business. The company believes that the investments will create significant value for its shareholders in the long run.
Market Price
As of the time of writing, media sentiment regarding this announcement was mostly positive. On Wednesday, the stock opened at $25.2 and closed at $25.6, a decrease of 0.5% from the previous closing price of $25.8. The company has provided its shareholders with a capital program designed to maximize shareholder value and benefit its operations. The capital program consists of a combination of capital expenditures, debt repayment, and share repurchases. Delek US plans to invest in its existing assets to improve operational efficiencies while also investing in new growth opportunities.
Additionally, they plan to repay debt in order to increase their financial flexibility. Lastly, the company plans to repurchase shares of its own stock in order to create value for shareholders over the long-term. Overall, Delek US has created a capital program for 2023 that is aimed at creating value for shareholders and improving operation efficiency. The company is confident that this strategy will benefit both their operations and the shareholders. With this announcement, it appears that media sentiment is mostly positive and that investors are optimistic about the future of Delek US Holdings. 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 |
| 18.87k | 333.9 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Delek Us. More…
| Operations | Investing | Financing |
| 877.3 | -855.1 | 301 |
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 |
| 8.4k | 7.11k | 16.66 |
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 |
| 25.8% | -2.4% | 3.4% |
| FCF Margin | ROE | ROA |
| 4.3% | 33.3% | 4.7% |
VI Analysis
DELEK US Holdings, Inc. is a low risk investment, according to VI Risk Rating analysis of the company’s fundamentals. The VI app provides investors a simplified view of the company’s financial and business aspects, enabling them to make informed decisions. The app highlights DELEK US’s long-term potential and the areas with potential risks. Further, the app allows registered users to access more detailed information about the company’s financials, such as balance sheets and income statements. It also provides insights into the company’s business operations, including its market performance and competitive landscape. This comprehensive view of DELEK US allows investors to assess their risk appetite and decide whether investing in the company is a good fit for them. The app also provides users with a comprehensive overview of the company’s performance over time, allowing them to track its progress and adjust their investments accordingly. By using the app, investors can gain insights into DELEK US’s long-term potential and make informed decisions about their investments. Overall, VI Risk Rating analysis of DELEK US Holdings, Inc. shows that it is a low risk investment in terms of financial and business aspects, making it an attractive option for investors looking for a long-term bet. Registered users can use the VI app to gain more detailed insights into the company’s financials and business operations, allowing them to make smart decisions about their investments. More…
VI 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 is a diversified downstream energy company with operations mainly focused on petroleum refining, marketing and logistics. The company recently announced a capital program for 2023, with plans to invest in its existing operations, as well as to pursue strategic acquisitions. According to current media sentiment, the outlook for Delek US is largely positive.
Analysts expect the company to benefit from its diverse portfolio of downstream activities as well as its ability to capitalize on growth opportunities in the near future. As such, investors may consider Delek US as a lucrative opportunity for long-term growth.
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