Delek

Delek US Holdings has reported its second quarter 2019.

Delek operates a refinery in El Dorado and has a pipeline subsidiary that collects petroleum produced in Columbia and Union counties.

Results

Reported second quarter net income of $77.3 million and adjusted EBITDA of $204.9 million.

Acquiring 15 percent Interest in Wink to Webster Pipeline LLC.

Acquired 33 percent Interest in Red River pipeline joint venture in May 2019.

Increasing regular quarterly dividend by $0.01 or 3.6 percent to $0.29 per share.

Expect to repurchase $40 million of stock during the third quarter 2019.

Delek US reported second quarter 2019 net income of $77.3 million, or $1 per diluted share, versus a net income of $79.1 million, or 89 cents per diluted share, for the quarter ended June 30, 2018. On an adjusted basis, Delek US reported adjusted net income of $90.6 million, or $1.17 per diluted share for the second quarter 2019. This compares to adjusted net income of $78.9 million, or 92 cents per diluted share, in the prior-year period.

Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") was $204.9 million compared to Adjusted EBITDA of $186.1 million in the prior-year period.

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