Delek US Holdings, Inc. (DK)

Delek US Holdings, Inc. (DK) is a diversified downstream energy company with assets in petroleum refining, logistics, and convenience store retailing, headquartered in Brentwood, Tennessee. Led by President and CEO Avigal Soreq, Delek’s strategic mission is to "maximize the value of our integrated downstream business while maintaining a relentless focus on safety and operational excellence." The company holds a prominent industry position as a leading independent refiner in the Permian Basin, operating refineries in Texas, Arkansas, and Louisiana. The company’s vision is to be the most efficient and reliable energy provider in the Southern United States. In late 2025, DK stock has faced headwinds due to global refining margin compression, yet the DK stock price remains buoyed by the company’s "Value Unlock" strategy, which includes the potential spin-off of its high-margin retail and logistics assets.

The business operations of Delek US are concentrated in three segments: Refining, Logistics (Delek Logistics Partners), and Retail. In fiscal 2025, the company reported a strategic focus on its 300,000+ barrel per day refining capacity, utilizing its proximity to Permian crude to maintain a significant feedstock cost advantage. A primary growth driver is the "Retail Expansion," where the company is modernizing its 250+ convenience stores in the Southwest to include EV charging and premium food services. The 2026 strategic roadmap focuses on "Energy Transition Integration," including the production of sustainable aviation fuel (SAF) and renewable diesel at its Big Spring refinery. Delek holds an "Asset Connectivity Moat," where its integrated pipeline and storage network allows it to capture margins across the entire value chain from the wellhead to the gas station pump. With a market capitalization of $2.27 billion as of late 2025, DK stock is a favored play for value investors seeking "Sum-of-the-Parts" potential as the company simplifies its corporate structure.

Delek US Holdings, Inc. (DK) is listed on the New York Stock Exchange (NYSE). For investors researching DK stock, the company’s consistent dividend and opportunistic share buybacks—totaling $42 million in 2025—demonstrate a commitment to shareholder returns even during cyclical lows. The DK stock price is highly sensitive to Brent-WTI spreads and Gulf Coast crack spreads. For those monitoring DK stock, the successful execution of its "Portfolio Optimization" program in 2026 is the primary catalyst for a return to GAAP profitability.