Delek Us stock dividend – DELEK US Holdings Swings to Q1 Adjusted Earnings, Raises Quarterly Dividend Despite Revenue Drop
May 17, 2023
Trending News ☀️
DELEK US ($NYSE:DK) Holdings is an energy company with refineries located in Tyler, Texas and El Dorado, Arkansas. Its stock is traded on the NYSE (NYSE: DK). The company’s Q1 earnings report revealed that it had swung to adjusted earnings of $1.37 per diluted share, despite a drop in revenue from the same period last year. Furthermore, the company announced an increase in its quarterly dividend from $0.20 to $0.22 per share. The dividend increase is a sign of the company’s faith in its financial strength, which was demonstrated by the strong adjusted earnings figures.
It is likely that the increase in dividend will be welcomed by shareholders as a reward for their continued support. Overall, the earnings report from DELEK US Holdings showed that despite a revenue drop, the company was able to swing to a positive result and also raise its dividend. This is likely to be seen as a positive sign of the company’s future prospects and is likely to be seen as an endorsement of its current performance and management.
Earnings
DELEK US Holdings recently released its earnings report for FY2023 Q1, ending March 31 2023. Despite the decline in revenue, the company saw a 874.2% increase in net income, reaching $64.3 million.
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 |
| 19.71k | 314.8 | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Delek Us. More…
| Operations | Investing | Financing |
| 793.6 | -1.12k | 340.8 |
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 |
| 7.79k | 6.66k | 14.93 |
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 |
| 30.3% | -2.4% | 3.3% |
| FCF Margin | ROE | ROA |
| 1.5% | 42.3% | 5.3% |
Dividends – Delek Us stock dividend
DELEK US Holdings recently shifted to an adjusted earnings for the first quarter. The last two years have seen the company issue an annual dividend per share of 0.63 and 0.41 US dollars respectively. Moving forward, DELEK US Holdings is expecting dividend yields of 2.3% and 1.45% for 2022 and 2023 respectively, with an average dividend yield of 1.88%. This is a positive outlook for shareholders despite the decrease in revenue.
Share Price
This news was met with optimism from investors, as DELEK US stock opened at $22.3 and closed at $22.5, up by 1.8% from its previous closing price of 22.1. The company’s outstanding performance during the quarter despite the pandemic-related pressures reflects its strong financials and robust strategies, which are expected to drive better results in the coming quarters. Live Quote…
Analysis
At GoodWhale, we have conducted an in-depth analysis of DELEK US‘s fundamentals. According to Star Chart, DELEK US is classified as a ‘cheetah’, a company that has experienced high revenue or earnings growth, but is considered to have lower profitability and therefore less stability. This could be interesting for investors looking for higher potential returns but who are willing to take on more risk. DELEK US has strong assets, growth and medium dividend and profitability. It also has a high health score of 7/10, which we assess to be the result of its current cashflows and debt. This suggests that the company is in good financial health and is capable of safely riding out any crisis without the threat of bankruptcy. More…
Peers
The company’s competitors are PBF Energy Inc, HF Sinclair Corp, and PBF Logistics LP. Delek US Holdings Inc. has a market share of 9.4%.
– PBF Energy Inc ($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
Revenues dropped year-on-year but were able to be offset by cost cutting strategies and increased efficiencies. The company also raised its quarterly dividend, an assurance to investors of its overall financial health. Analysts remain positive on DELEK US Holdings, citing their strong balance sheet and progress with cost savings initiatives as reasons for optimism. With continued focus on operational performance, DELEK US Holdings is well-positioned for long-term growth.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
