Delek US Holdings, Inc. (DK) Stock Price & Analysis
Delek US Holdings, Inc. (DK) closed at USD 75.79 on Thursday, October 22, 2026, down 3.11% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 78.22; the Oct 22, 2026 session ranged USD 75.12–79.38 on volume of 1,412,917 shares. Market capitalization is $4.64B, with a 52-week range of USD 25.85–82.27 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DK.md
Key facts (DK)
- Last four reported quarters (through Jun 30, 2026): revenue $12.1B, net income $225M (1.9% margin), free cash flow $681M (SEC filings).
- Valuation: P/E 20.7x (avg 85.2x at the last 1 fiscal year-ends), EV/EBITDA 7.2x, net debt $2.56B.
- Earnings quality: non-operating income -$273M vs operating income $583M over the last four quarters; P/E excluding non-operating income ≈9.8x (estimate: non-operating income taxed at the company's 8.9% effective rate).
- Analysts: Hold (mean 2.77 on a 1–5 scale) (13 analysts), mean target USD 84.85 (range 62–118).
- Total return with dividends: 1Y +106.3% vs S&P 500 +14.9%; 5Y +323.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-06, EPS estimate USD 8.07, revenue estimate $3.96B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DK)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $10.6B | $19.8B | $16.5B | $11.9B | $10.7B | $12.1B |
| Gross profit | $251M | $748M | $549M | -$43.1M | $612M | — |
| Operating income | -$34.7M | $458M | $245M | -$492M | $301M | $583M |
| Net income | -$128M | $257M | $19.8M | -$560M | -$22.8M | $225M |
| EPS (diluted) | -$1.73 | $3.59 | $0.30 | -$8.77 | -$0.38 | — |
| Free cash flow | $149M | $145M | $621M | -$495M | $6.3M | $681M |
| Gross margin | 2.4% | 3.8% | 3.3% | -0.4% | 5.7% | — |
| Operating margin | -0.3% | 2.3% | 1.5% | -4.1% | 2.8% | 4.8% |
| Net margin | -1.2% | 1.3% | 0.1% | -4.7% | -0.2% | 1.9% |
| Revenue growth | +45.8% | +86.0% | -16.8% | -28.0% | -9.5% | — |
| Cash + short-term investments | $857M | $841M | $822M | $736M | $626M | — |
| Total debt | $2.22B | $3.05B | $2.60B | $2.77B | $3.23B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (DK)
P/E 20.7x · P/E ex non-operating (est.) ≈9.8x · P/S 0.4x · EV/EBITDA 7.2x · EV/Sales 0.6x · P/FCF 6.8x · P/B 11.0x · FCF yield 14.68% · Earnings yield 4.84% · Dividend yield (paid, TTM) 1.33% · Net debt $2.56B · EV $7.20B
P/E at fiscal year-ends: Dec 2023 85.2x.
Analysts (DK)
Consensus Hold (mean 2.77 on a 1–5 scale), 13 analysts; mean target USD 84.85 (low 62, high 118).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | TD Cowen | Target raised | Buy | $85 → $90 |
| 2026-10-15 | Goldman Sachs | Target raised | Buy | $83 → $97 |
| 2026-10-14 | Wells Fargo | Target raised | Overweight | $82 → $95 |
| 2026-10-08 | Mizuho | Downgrade | Outperform → Neutral | $66 → $83 |
| 2026-10-07 | Freedom Broker | Initiated | Hold | $86 |
| 2026-09-14 | Raymond James | Target raised | Outperform | $72 → $90 |
| 2026-09-14 | Morgan Stanley | Target raised | Equal-Weight | $45 → $81 |
| 2026-09-14 | TD Cowen | Target raised | Buy | $76 → $90 |
| 2026-09-01 | Wells Fargo | Target raised | Overweight | $59 → $82 |
| 2026-08-18 | Goldman Sachs | Target raised | Buy | $73 → $83 |
| 2026-08-11 | Mizuho | Target raised | Outperform | $60 → $66 |
| 2026-07-21 | TD Cowen | Target raised | Buy | $58 → $76 |
Total return (dividends reinvested) (DK)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +106.3% | +323.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +106.8% | +33.4% |
| Volatility (annualized) | 54.0% | 54.1% |
| Max drawdown | -36.0% (Nov 2025→Jan 2026) | -61.9% (Apr 2024→Mar 2025) |
DK revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Refining | $3.91B | 95.6% | +48.4% |
| Logistics | $179.9M | 4.4% | +36.0% |
| Total revenue | $4.09B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DK suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Gravity Water Intermediate Holdings | “By acquiring Gravity and H20 Midstream, we intend to increase third-party revenue streams, diversify our customer and product mix, and expand our footprint in the Midland and Bakken basins, aligning with our strategic growth objectives.” |
| Partner | Citigroup Energy | “In December 2022, we entered into an Inventory Intermediation Agreement with Citi (the "Inventory Intermediation Agreement") in which Citi purchases a substantial portion of the crude oil and refined products for three of our refineries' inventory at market prices.” |
| Partner | W2W Holdings | “HoldCo was originally formed by Delek and MPLX Operations LLC ("MPLX") to obtain financing and fund capital calls associated with our collective and contributed interests in the WWP joint venture.” |
| Partner | H2O Midstream | “•our ability to execute our long-term sustainability strategy and growth through acquisitions and dispositions such as the sale of our Retail Stores, the Gravity Acquisition, the H2O Midstream Acquisition, and joint ventures, including our ability to successfully integrate acquisitions, complete strategic transactions, safety initiatives and capital projects, realize expected synergies, cost savings and other bene…” |
| Partner | Delek and MPLX Operations | “HoldCo was originally formed by Delek and MPLX Operations LLC ("MPLX") to obtain financing and fund capital calls associated with our collective and contributed interests in the WWP joint venture.” |
| Partner | PLAINS ALL AMERICAN PIPELINE LP (PAA) | “In addition, Delek Logistics has two other pipeline joint ventures in which it owns a 50% membership interest in the entity formed with an affiliate of Plains All American Pipeline, L.P. to operate one of these pipeline systems and a 33% membership interest in Andeavor Logistics Rio Pipeline LLC which operates the other pipeline system.” |
| Partner | Alon USA Energy | “As a result of the termination of the License Agreement, we are no longer obligated to remove equipment from the property for certain development activities and as a result we have reversed the $17.9 million asset retirement obligation recorded in connection with the Delek/Alon Merger, effective July 1, 2017, since we own the property and intend to operate the property as an asphalt and marine fuel terminal and th…” |
Quoted from the company's 10-K filed Feb 27, 2026.
Companies that name DK in their SEC reports
| Relationship to DK | Company | Filing | Sentence |
|---|---|---|---|
| partner | Delek Logistics Partners, LP (DKL) | 10-K Feb 27, 2026 | “Unless otherwise noted or the context requires otherwise, references in this report to "Delek Holdings" refers collectively to Delek US Holdings, Inc. and any of its subsidiaries, other than the Partnership and its subsidiaries and its general partner.” |
DK customer concentration
In the period ended Dec 31, 2023, a single direct customer accounted for 10% of revenue, per the company's 10-K filed Feb 27, 2026. The company does not name it.
DK company outlook (results filed Apr 29, 2026)
- “The steady ramp-up of our Delaware Basin Libby 2 Plant and our comprehensive sour gas capabilities reinforce DKL's competitive position and support its attractive 2026 outlook.”
- “The El Dorado Terminal Purchase is expected to close on October 1, 2027, subject to the satisfaction of customary closing conditions.”
- “It assumes no beginning or ending inventory, so that the current period average purchase cost per barrel is a reasonable estimate of our market purchase cost for the current period, without giving effect to any build or draw on beginning inventory.”
- “(4) Starting with the quarter ended September 30, 2025, we have updated our non-GAAP financial measures to include the benefit related to small refinery exemptions expected to be received specific to the current year obligation based on current laws and regulations.”
Quoted word-for-word from the SEC 8-K results press release.
DK analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $8.07 | $3.29 | +145.1% | $3.96B | 10 |
| Next quarter (ends Dec 2026) | $4.66 | $1.38 | +238.3% | $3.69B | 9 |
| Current fiscal year (ends Dec 2026) | $17.69 | $7.17 | +146.6% | $14.48B | 10 |
| Next fiscal year (ends Dec 2027) | $9.09 | $3.05 | +197.8% | $13.42B | 10 |
DK options: expected move
Options price a move of about ±15.0% (±$11.35) by Nov 20, 2026, which includes earnings on Nov 6, 2026. Over the last 8 reports the stock moved ±8.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 66.7% | ±15.0% |
| Dec 18, 2026 | 56 | 65.4% | ±20.5% |
| Jan 15, 2027 | 84 | 63.0% | ±24.1% |
| Mar 19, 2027 | 147 | 62.7% | ±31.4% |
| Apr 16, 2027 | 175 | 62.1% | ±33.8% |
| May 21, 2027 | 210 | 62.6% | ±37.1% |
| Aug 20, 2027 | 301 | 61.4% | ±43.2% |
| Nov 19, 2027 | 392 | 60.0% | ±47.9% |
30-day implied volatility 63.8% vs 48.1% realized over the last 30 trading days. Put/call ratio (volume) 0.64. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:23 UTC)
| Price | USD 75.79 |
|---|---|
| Change | ▼ 3.11% (down) |
| Previous Close | USD 78.22 |
| Open | USD 79.2 |
| Day Range | USD 75.12 – 79.38 |
| 52-Week Range | USD 25.85 – 82.27 |
| Volume | 1,412,917 shares |
| Market Cap | $4.64B |
| Exchange | NYQ |
Technical Analysis (DK)
Nexqual's technical model rates DK "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 11:23 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 51.74 (neutral) |
| vs SMA50 | Above (USD 73.25) |
| MACD | 1.31 (positive) |
Analyst Ratings (DK)
Wall Street analysts rate DK "Hold" based on 13 analysts, with a mean price target of USD 84.85 (range USD 62–118), per Nexqual as of October 23, 2026 at 11:23 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 13 |
| Mean Target | USD 84.85 |
| High Target | USD 118 |
| Low Target | USD 62 |
| Buy / Hold / Sell | 5 / 7 / 1 |
Earnings (DK)
| Next Earnings Date | 2026-11-06 |
|---|---|
| EPS Estimate | USD 8.07 |
| Revenue Estimate | $3.96B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 5.48 vs est 2.64 ▲ beat |
| 2026-03-31 | USD 0.08 vs est -1.62 ▲ beat |
| 2025-12-31 | USD 2.31 vs est -0.19 ▲ beat |
| 2025-09-30 | USD 7.13 vs est 0.18 ▲ beat |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
Financials & Fundamentals (DK)
| Total Revenue | $12.06B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +47.80% |
| Gross Margin | +10.45% |
| Operating Margin | +7.56% |
| Profit Margin | +1.86% |
| ROE | +78.76% |
| Debt / Equity | 8.12 |
| Current Ratio | 0.76 |
| Total Cash | $628.60M |
| Total Debt | $3.43B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $681.30M (5.7% of revenue) |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
Financial Health Score (DK)
Nexqual rates Delek US Holdings, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 11:23 UTC.
| Growth | Weak — Revenue -10% YoY (annual), declining |
|---|---|
| Profitability | Weak — Gross margin 10%, operating 8% (last 12 months) |
| Balance Sheet | Critical — $629M cash and investments vs $3.19B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $681M (last 4 quarters to Jun 2026, SEC), 6% margin |
| Efficiency | Strong — ROE 79%, ROA 5.5% |
Ownership (DK)
| Insider Ownership | +2.55% |
|---|---|
| Institutional Ownership | +106.19% |
| Shares Outstanding | 61.23M |
| Float | 60.02M |
| Short % of Float | +12.42% |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
Leadership (DK)
Delek US Holdings, Inc. is led by Avigal Soreq, President, CEO & Director, per Nexqual as of October 23, 2026 at 11:23 UTC.
| President, CEO & Director | Avigal Soreq |
|---|---|
| Executive VP & CFO | Robert Wright |
| Executive Vice President of Special Projects | Reuven Avraham Spiegel |
| Executive Vice President of Logistics | Mark Hobbs |
| Executive VP and President of Refining & Renewables | Joseph Israel |
Major Backers & Investors (DK)
Notable institutional backers of Delek US Holdings, Inc. include Rubric Capital Management LP, Two Sigma Investments, LP, FMR, LLC, according to Nexqual as of October 23, 2026 at 11:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Rubric Capital Management LP | 4.39% |
| Two Sigma Investments, LP | 3.56% |
| FMR, LLC | 3.3% |
| River Road Asset Management, LLC | 3% |
| Goldman Sachs | 2.6% |
| Fidelity | 2.24% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 10.67% |
| BlackRock | 8.85% |
| State Street | 5.26% |
| Allianz Asset Management GmbH | 3.11% |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
Legal & Regulatory Risks from Delek US Holdings, Inc.'s Latest 10-K (filed 2026-02-27)
- We generate wastes that may be subject to RCRA and comparable state and local requirements.
- Risks Related to Air Emissions Regulations
- Risks Related to Water Emissions Regulations
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| IEP | Icahn Enterprises L.P. - Deposi | USD 6.13 | ▼ 0.33% |
| PARR | Par Pacific Holdings, Inc. Comm | USD 80.18 | ▼ 5.34% |
| CVI | CVR Energy Inc. | USD 58.63 | ▼ 3.46% |
| DKL | Delek Logistics Partners, L.P. | USD 56.91 | ▲ 0.25% |
| UGP | Ultrapar Participacoes S.A. (Ne | USD 7.8 | ▼ 2.13% |
| PBF | PBF Energy Inc. | USD 79.25 | ▼ 2.81% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:23 UTC. This page is informational and not investment advice.
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