Delek US Holdings, Inc. (DK) AI Stock Analysis

Delek US Holdings, Inc. operates as an integrated downstream energy company in the United States across three primary segments: Refining, Logistics, and Retail. In Refining, the company processes crude oil and feedstocks into gasoline, diesel, aviation fuel, and asphalt across four refineries located in Tyler and Big Spring, Texas; El Dorado, Arkansas; and Krotz Springs, Louisiana, in addition to three biodiesel facilities. Its Logistics segment transports, gathers, and stores crude oil and refined products via approximately 400 miles of crude pipelines, 450 miles of refined product pipelines, a 900-mile gathering network, and storage capacity of roughly 10.2 million barrels. In Retail, Delek operates 248 convenience stores under the DK and Alon brand names in West Texas and New Mexico.

Over the past five fiscal years, Delek generated an 8.0% revenue CAGR from FY2020 to FY2025. Annual revenue reached $19.80B in FY2022 before dropping to $16.92B in FY2023, $11.85B in FY2024, and $10.72B in FY2025, when revenue fell 9.5%. Profitability has varied widely, moving from a net loss of $560.4M in FY2024 to a net loss of $22.8M in FY2025, despite positive EPS of $6.56. Operating margin improved from -4.1% in FY2024 to 3.7% in FY2025. In the trailing twelve months, revenue reached $12.06B with an operating margin of 7.6% and a net profit margin of 1.9%. For the quarter ended June 30, 2026, quarterly revenue grew 47.8% year-over-year while quarterly earnings expanded 1870.0%.

As of June 30, 2026, Delek held $628.6M in cash and short-term investments against total debt of $3.26B, resulting in net debt of $2.63B. Shareholders' equity stood at $422.7M on total assets of $7.55B, yielding a debt-to-equity ratio of 7.70 and a current ratio of 0.76. In FY2025, operating cash flow was $551.5M, supporting $529.5M in capital expenditures and generating free cash flow of $22.0M. The company allocated capital toward $79.4M in share buybacks and paid $62.0M in dividends during FY2025, helping lower its share count by 15.7% over five years.

Delek trades at a trailing P/E of 20.8x and a forward P/E of 20.3x, both above the median of its US-listed Energy peers of 15.0x and 12.7x, respectively. Its price-to-sales multiple is 0.4x compared to the peer median of 1.8x, while its EV/EBITDA of 6.5x sits below the peer median of 8.0x. The company's price-to-book ratio is 23.7x. Over the past year, DK gained 137.1% compared to a 16.8% return for the S&P 500 (SPY), and its 5-year return of 324.7% outperformed SPY's 83.0% gain. The stock closed at $76.59 on October 16, 2026, which is 51.6% above its 200-day average.

Delek pays a forward annual dividend of $1.02 per share, representing a dividend yield of 1.33% and a payout ratio of 6.8%. Dividends are distributed quarterly and have been paid for 5 consecutive years, with an annualized 5-year dividend growth rate of 1.9%. The most recent ex-dividend date was August 3, 2026.

Wall Street coverage includes 5 Strong Buy, 1 Buy, 6 Hold, and 1 Sell recommendations. The mean price target of $80.69 represents a 5.4% premium over the last close of $76.59. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $17.54 on revenue of $14.30B, implying 165.7% EPS growth. For the following year, 11 analysts estimate EPS will decline 45.6% to $9.55 on revenue of $13.12B. Delek beat EPS estimates in all of the last 4 quarters, and its next earnings report is scheduled for November 6, 2026.

This page is an AI-written research summary of Delek US Holdings, Inc. (DK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: DK income statement, DK balance sheet, DK key metrics, DK analyst forecast, DK chart. See the DK stock overview for the latest quote and news.