Among the most commonly misconstrued pair of words is shareholder – stakeholder, which at a glance differs only in the prefixes. Yet, as with many things financial, the difference is more than just a few arbitrary letters. How wide is the actual difference? Benzinga s dedicated team set out. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Advancement of Renewable Diesel Initiatives SUGAR LAND, Texas (May 11, 2021) - CVR Energy, Inc. ( CVR Energy or the Company ) (NYSE: CVI) today announced that its Board of Directors (the Board ) has determined that the Company will focus on renewable fuels and is no longer interested in acquiring another crude oil refinery. In connection therewith, the Board approved expenditures of up to $10 million to progress its renewable diesel initiatives, including: The completion of process design to convert an existing hydrotreater at the Coffeyville refinery to renewable diesel service; and The completion of process design and the ordering of certain long-lead equipment for a feed pretreater for the Wynnewood refinery to lower carbon intensity and feed cost. The pretreater design could be expandable to also process feed for the potential Coffeyville refinery renewable diesel conversion.
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BRENTWOOD, Tenn., May 6, 2021 /PRNewswire/ Delek US Holdings, Inc. (NYSE: DK) ( Delek ) today announced that, based on the preliminary vote count provided by its proxy solicitor following the Company s 2021 Annual Meeting of Stockholders, Delek shareholders have overwhelmingly voted to elect all 8 of its highly qualified director nominees, Uzi Yemin, William J. Finnerty, Richard J. Marcogliese, Gary M. Sullivan, Jr., Vicky Sutil, Laurie Tolson, David Wiessman and Shlomo Zohar, to the Company s Board of Directors. Delek issued the following statement:
We appreciate the support of our shareholders. Moving forward, we remain firmly focused on overseeing and executing the Company s strategy and continuing to evaluate opportunities to drive value. We look forward to maintaining our constructive engagement with our shareholders and remain committed to acting in the best interests of the Company and all Delek shareholders.
Shareholders Elect ALL Delek Director Nominees at 2021 Annual Meeting
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BRENTWOOD, Tenn., May 6, 2021 /PRNewswire/ Delek US Holdings, Inc. (NYSE: DK) ( Delek ) today announced that, based on the preliminary vote count provided by its proxy solicitor following the Company s 2021 Annual Meeting of Stockholders, Delek shareholders have overwhelmingly voted to elect all 8 of its highly qualified director nominees, Uzi Yemin, William J. Finnerty, Richard J. Marcogliese, Gary M. Sullivan, Jr., Vicky Sutil, Laurie Tolson, David Wiessman and Shlomo Zohar, to the Company s Board of Directors. Delek issued the following statement:
We appreciate the support of our shareholders. Moving forward, we remain firmly focused on overseeing and executing the Company s strategy and continuing to evaluate opportunities to drive value. We look forward to maintaining our constructive engagement with our shareholders and remain committed to acting i
Delek Logistics Partners, LP Reports First Quarter 2021 Results
- Reported first quarter net income attributable to all partners of $36.3 million; represents a 30% increase y/y
- EBITDA of $58.7 million represented an increase of 21% y/y
- Agreement with Baker Hughes offers scalable organic growth opportunities with minimal capital
- First quarter distributable cash flow coverage ratio of 1.3x and total leverage ratio of approximately 3.7x
- Declared first quarter distribution of $0.92 per limited partner unit; reflects 3.4 percent increase y/y
- Reiterating 5% distribution growth in 2021 versus year-ago levels
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BRENTWOOD, Tenn., May 4, 2021 /PRNewswire/ Delek Logistics Partners, LP (NYSE: DKL) ( Delek Logistics ) today announced its financial results for the first quarter 2021. For the three months ended March 31, 2021, Delek Logistics reported net income attributable to all partners of $36.3 million, or $0.83 per di