Delek US Holdings Reports First Quarter 2021 Results Improved sequential EBITDA despite various headwinds; headline earnings reflect a lower tax benefit attributable to a more favorable internal outlook and corresponding impact on estimated annual effective tax rates Record first quarter retail segment results versus comparable periods providing stability and growth Improving crack spreads prompted a re-start of the Krotz Springs refinery All major planned refinery turnaround activities for the year are now complete, paving the way for higher utilization rates Maintain strong balance sheet with $794 million of cash as of March 31, 2021
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Delek US Holdings: Q1 Earnings Snapshot
May 4, 2021
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BRENTWOOD, Tenn. (AP) Delek US Holdings Inc. (DK) on Tuesday reported a loss of $98.6 million in its first quarter.
On a per-share basis, the Brentwood, Tennessee-based company said it had a loss of $1.34. Losses, adjusted for non-recurring gains, were $1.69 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.38 per share.
The refinery operator posted revenue of $2.39 billion in the period.
Delek US Holdings shares have risen 54% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.80, a rise of 12% in the last 12 months.
/PRNewswire/ Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today declared its quarterly cash distribution for the first quarter 2021 of $0.92.
Delek Logistics Partners, LP to Host First Quarter 2021 Conference Call on May 5 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Delek US Holdings to Host First Quarter 2021 Conference Call on May 5 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.