Earnings Releases·Nov 6, 2026, 6:31 AM ET

Delek US Holdings — Third Quarter 2026 Earnings Summary

Reported net income of $1,133.8 million ($18.22 per share) for Q3 2026, a significant increase from $178.0 million ($2.93 per share) in the prior-year quarter, driven by a 191.2% rise in benchmark crack spreads and a $334.7 million reduction in costs from Small Refinery Exemptions.
Raised annual adjusted EBITDA guidance for Delek Logistics to $530–560 million and confirmed an Enterprise Optimization Plan run-rate cash flow improvement of at least $250 million, with management indicating potential to add $60 million to 2027 EBITDA growth guidance.
Announced plans to repay the outstanding $850 million Term Loan in Q4 2026, increase the regular quarterly dividend by approximately 18% to $0.30 per share, and execute up to $100 million in stock buybacks in Q4.
Generated $567.4 million in net cash from operating activities for the quarter and holds a cash balance of $1,335.1 million against $3,389.8 million in total long-term debt, resulting in a net debt position of $2,054.7 million.