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Delek US Holdings DK Refining — Net revenues

Other segment segments

Logistics
$384.7M+56.1%

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Other financials

Income statement

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Revenue$4.1B+47.8%
Gross profit$365.1M+599%
Operating income$302.4M+1,003%
Net income$169.5M+259%
EPS (diluted)$2.71+254%

Balance sheet

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Cash & equivalents$628.6M+2.1%
Total debt$3.3B+2.1%
Total equity$422.7M+43.3%
Total assets$7.6B+6.8%

Cash flow

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Operating cash flow$262.9M+411%
CapEx$173.8M+4.8%
Free cash flow$89.1M+178%

Valuation

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Market cap$3.59B+195%
Enterprise value$6.22B+64.2%
P/E16×
P/S0.3×+0.2×

Profitability

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Gross margin7.1%+6.0pp
Operating margin4.8%+3.1pp
Net margin1.9%+1.0pp
FCF margin5.7%+3.6pp

Returns & leverage

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Return on equity62.6%+37.7pp
Debt / equity7.7×-3.1×
Current ratio0.8×0.0×

Where this comes from

Reported directly by Delek US Holdings in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Delek US Holdings’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 1:09 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053106
Line itemThree Months Ended June 30, 2026 / RefiningThree Months Ended June 30, 2026 / LogisticsTotal
Net revenues (excluding intercompany fees and revenues)$3,907.1$179.9$4,087.0
Inter-segment fees and revenues148.9204.8353.7
Total segment revenues$4,056.0$384.7$4,440.7
Elimination of inter-segment revenue(353.7)
Total consolidated revenues$4,087.0
Cost of materials and other3,348.5239.0
Operating expenses156.143.4
General and administrative expenses2.83.2

Item 1. Financial Statements (unaudited)

FAQ

What is Delek US Holdings's refining — net revenues?
Delek US Holdings (DK) reported refining — net revenues of $4.06B in Q2 2026.
How has Delek US Holdings's refining — net revenues changed year-over-year?
Delek US Holdings's refining — net revenues increased by 49.3% year-over-year, from $2.72B to $4.06B.
What is the long-term trend for Delek US Holdings's refining — net revenues?
Over 4 years (2021 to 2025), Delek US Holdings's refining — net revenues has grown at a 0.7% compound annual growth rate (CAGR), from $10.27B to $10.55B.
What does refining — net revenues mean?
Represents the total gross revenue generated from the sale of refined petroleum products and related services within the refining business segment. This metric reflects the top-line performance of the segment before accounting for the cost of feedstock and operational expenses.

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