Delek US Holdings, Inc. (DK) Stock

Delek US Holdings, Inc. (DK) is a Energy stock trading at $64.05 (as of 2026-08-20), with a market capitalization of $3.92B and a trailing P/E of 17.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal. It owns and operates four independent refineries located in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana, as well as three biodiesel facilities in Crossett, Arkansas, Cleburne, Texas, and New Albany. The Logistics segment gathers, transports, and stores crude oil, intermediate, and refined products; and markets, distributes, transports, and stores refined products for third parties. It owns or leases capacity on approximately 400 miles of crude oil transportation pipelines, approximately 450 miles of refined product pipelines, an approximately 900-mile crude oil gathering system, and associated crude oil storage tanks with an aggregate of approximately 10.2 million barrels of active shell capacity; and owns and operates ten light product distribution terminals, as well as markets light products using third-party terminals. The Retail segment owns and leases 248 convenience store sites located primarily in West Texas and New Mexico. Its convenience stores offer various grades of gasoline and diesel under the DK or Alon brand; and food products and service, tobacco products, non-alcoholic and alcoholic beverages, and general merchandise, as well as money orders to the public primarily under the 7-Eleven and DK or Alon brand names. It serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, the U.S. government, and independent retail fuel operators. Delek US Holdings, Inc. was founded in 2001 and is headquartered in Brentwood, Tennessee.

Understand Delek US Holdings, Inc.: how it makes money

Delek US Holdings runs an integrated downstream energy business in the United States, refining crude oil into transportation fuels and other petroleum products and supporting distribution through its refining assets and logistics operations, which also feed into its retail business.

Profit is primarily driven by how much economic value Delek captures from converting crude and feedstock into refined products (Refining), supported by additional contribution from moving and distributing those products (Logistics) and selling through retail.

Business quality (Weak): Integrated downstream model with multiple operational steps, but the latest quarter shows negative gross and operating margins, so near-term profitability appears challenging.

Bull case

  • Integrated downstream footprint: Delek operates through three segments, Refining, Logistics, and Retail, linking fuel production to downstream distribution.
  • Owned refining capacity and product output: It owns and operates four independent refineries in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana.
  • Refining produces a broad product mix: Refining processes crude oil and other feedstock to manufacture gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products.

Bear case

  • Negative profitability in the latest quarter: For the period ended 2026-03-31, gross margin was -4.9% and operating margin was -6.8%.
  • Segment contributions provided are modest relative to total revenue: The available segment operating metrics shown for Refining and Logistics are small in absolute dollars compared with the company-wide revenue scale provided.
Valuation — source: SEC EDGAR (first-party)
Price$64.05
Market Cap$3.92B
P/E Ratio17.5
EV / EBITDA6.5
Price / Book9.28
Price / Sales0.33
FCF Yield17.4%
DCF Value (model)$24.26
DCF Upside vs Price-62.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$10.72B
Net Margin-0.2%
Revenue Growth (YoY)47.8%
EPS Growth (YoY)-256.8%
FCF Growth (YoY)-177.9%
Financial Health — source: SEC EDGAR
Altman Z-Score1.93 (grey)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E17.5
Sector P/E (Energy)16.8
Industry P/E (Petroleum & Natural Gas)16.7
vs Sector4.1%
vs Industry4.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($231.50M)
Institutional Holders Tracked10
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOAvigal Soreq
Employees1,987
CountryUS
IPO Date2006-05-04

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DK earnings history · DK institutional & insider holders · DK KPIs & operating metrics · DK financials · DK investor presentations & press releases · DK SEC filings · DK peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.