Delek US Holdings reported second-quarter 2026 net income of $169.5 million, or $2.71 per share, the company said in a filing.
The Brentwood, Tennessee-based refiner said adjusted net income for the quarter was $343.9 million, or $5.48 per share, with adjusted EBITDA of $638.7 million, according to the filing. Excluding the impact of an RVO adjustment, adjusted EPS was $3.64 per share and adjusted EBITDA was $490.1 million, the company said.
The refining segment generated Adjusted EBITDA of $566.2 million in the second quarter, up from $114.8 million a year earlier, which Delek US attributed to higher refining margins driven by increased crack spreads that were up an average of 136.0% from prior-year levels, according to the filing. Adjusted EBITDA in the segment was also affected by inventory adjustments of $(157.3) million, compared with $41.9 million in the prior-year quarter, the company said.
Delek Logistics Partners, LP, the company's logistics segment, reported Adjusted EBITDA of $143.5 million for the quarter, up from $127.4 million a year earlier, which the filing said reflected higher margins in the wholesale business and increased interest income related to sales-type leases.
President and Chief Executive Officer Avigal Soreq said in the filing that the Big Spring refinery ran well during the second quarter following the completion of its turnaround in the first quarter, and that the company has no more planned turnarounds for the remainder of the year.
On July 23, 2026, the Board of Directors approved a regular quarterly dividend of $0.255 per share, payable August 10, 2026 to shareholders of record as of August 3, 2026, the filing said. Delek US also said it purchased $20.0 million in common stock during the quarter and paid $15.6 million in dividends.
As of June 30, 2026, Delek US reported a cash balance of $628.6 million and total consolidated long-term debt of $3,189.7 million, for net debt of $2,561.1 million, according to the filing. Excluding Delek Logistics, the company had $614.9 million in cash and $817.0 million of long-term debt, resulting in a $202.1 million net debt position, the filing said.
$DKDelek US HoldingsPrice$58 ▼1.69%Net sentiment+0.03Bullish33%Mentions · 30d6Samplen=6Avg volume241,303View on the dashboardFinazon · prior-day close · Aug 7, 2026
$DKLDelek Logistics Partners LPPrice$58 ▲1.10%Net sentiment—Mentions · 30d—Avg volume11,435View on the dashboardFinazon · prior-day close · Jul 23, 2026