Overview

* Delek US Holdings ( DK ) Q2 adjusted loss per share beats analyst expectations, per LSEG data

* Adjusted EBITDA rises to $170.2 mln, driven by refining margin increase

* Co advances Enterprise Optimization Plan, exceeding cash flow improvement targets

Outlook

* Delek US ( DK ) targets $130-$170 mln annual cash flow improvement from EOP

* Company executing on full-year Adjusted EBITDA guidance of $480-$520 mln

Result Drivers

* ENTERPRISE OPTIMIZATION - EOP contributed ~$30 mln in cash flow improvements, exceeding expectations

* PROCESSING CAPACITY EXPANSION - Completion of Libby 2 gas processing plant expanded capacity for producer customers

* REFINING MARGIN - Refining segment adjusted EBITDA rose due to increased crack spreads

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat -$0.56 -$0.89

Adjusted (12

EPS Analysts

)

Q2 -$33.10

Adjusted mln

Net

Income

Q2 Net -$106.40

Income mln

Q2 $170.20

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."

* Wall Street's median 12-month price target for Delek US Holdings Inc ( DK ) is $22.50, about 6.4% above its August 5 closing price of $21.07

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)