Delek US Holdings — Third Quarter 2026 Earnings Summary

Delek US Holdings reported a record third quarter 2026 net income of $1,133.8 million, or $18.22 per share, driven by a 191.2% increase in benchmark crack spreads and significant Renewable Fuel Standard exemptions. Adjusted net income for the quarter was $843.0 million, while adjusted EBITDA reached $1,280.4 million, excluding the impacts of Small Refinery Exemptions which would have lowered adjusted EBITDA to $1,038.1 million. The company increased its annual Enterprise Optimization Plan cash flow guidance to at least $250 million and raised Delek Logistics' adjusted EBITDA guidance to a range of $530-560 million. Additionally, Delek US repurchased $50 million of its common stock, increased its quarterly dividend by approximately 18% to $0.30 per share, and plans to repay its outstanding $850 million term loan in the fourth quarter.