Post-earnings recap
Reported
Wed, Apr 29, 2026
EPS actual
$0.08
EPS est.
$-1.52
EPS surprise
+105.26%
1-day move
+13.72%
Delek US Holdings, Inc. reported a surprising positive EPS, which indicates better-than-expected profitability. However, the lack of revenue information and guidance may leave investors cautious. The stock reaction remained stable, reflecting uncertainty in future performance despite the EPS beat.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.08 | $-1.56 | +105.26% |
| Revenue | N/A | $2.5B | N/A |
Overall, management expressed cautious optimism about the company's ability to navigate challenges. They noted the positive EPS surprise as a sign of resilience.
Management highlighted unexpected EPS performance despite revenue not being disclosed.
They emphasized a focus on operational efficiency moving forward.
Delek US Holdings, Inc. is a company in the energy sector, primarily focused on oil and gas refining and marketing. With a market cap of $2 billion, it plays a significant role in the energy supply chain, providing essential products to consumers and businesses.
Last quarter
In the last quarter, Delek reported a surprising EPS of $2.31, significantly exceeding expectations. This strong performance led to a positive stock reaction, indicating investor confidence.
EPS beat streak
5Q
EPS beat rate
88%
Avg EPS surprise
+471.62%
Avg 1-day reaction
+2.28%
Analysts are cautiously optimistic about Delek's upcoming earnings, with expectations of a loss but potential for a surprise based on previous performance.
Bull case
If Delek can beat EPS estimates again, it may signal a strong recovery in operations and increased demand, leading to a positive stock reaction.
Bear case
Conversely, if the company reports a larger loss than expected, it could raise concerns about its operational efficiency and market conditions.
Key metrics to watch
Earnings Per Share (EPS)
$-1.56EPS is a key indicator of the company's profitability and financial health, especially after a volatile previous quarter.
Revenue
$2.5BRevenue figures will provide insight into the company's sales performance and market demand for its products.
The print will turn on these.
Q1
Will Delek's EPS come in better than the consensus estimate of $-1.56?
A beat on EPS could indicate improved operational performance and boost investor confidence.
Q2
What will the revenue figure be relative to the $2.5 billion consensus?
Revenue performance is crucial for assessing market demand and the company's ability to generate sales.
—
Est. EPS
$1.52
Est. Rev
$3.6B
Impl. Move
±39.2%
Why consensus could be wrong
The Street may underestimate Delek's ability to recover from previous losses, given its recent strong performance.
Supporting evidence
Delek has consistently beaten EPS estimates in the past quarters, indicating potential for continued improvement.
The options market is pricing a larger move than historical averages, suggesting traders expect significant volatility.
Recent oil price trends may favor Delek's refining margins, which could lead to better-than-expected results.
Key risk
If revenue exceeds $2.5 billion, it could challenge the consensus view of ongoing struggles.
Pre-commit to what would confirm each case.
This quarter's performance is critical as it follows a surprising rebound, and expectations are mixed.
Bull confirmed if
An EPS of better than $-1.56 would confirm the bull case and suggest a strong recovery.
Bear confirmed if
An EPS worse than $-2.32 would confirm the bear case and raise concerns about the company's financial health.
What the market is pricing for the move.
Implied Move
±12.3%
Historical Avg
±5.9%
The options market is pricing in a significant move, indicating that traders expect volatility around the earnings report.
Options are pricing ±11.1% while DK has averaged ±5.9% over the last 8 prints — setup is pricing rich.
ATM IV
0.6%
30d HV
64.5%
Smart-money positioning from the most recent 13F filings.
Institutional
105.94%
of float
Insider
2.55%
of float
Holders
415
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
5,416,899 sh · $408.8M
8.85%
5.5%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Delek beats expectations, history suggests a potential stock increase of around +1.11%, confirming a positive outlook.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further guidance.
Miss
A miss could lead to a decline, with history suggesting a potential drop of around +0.07%.
The lines on the call that would change the story.
Vanguard Portfolio Management LLC
3,878,912 sh · $292.7M
6.33%
6.7%
State Street Corporation
3,223,307 sh · $243.2M
5.26%
5.8%
Rubric Capital Management LP
2,687,449 sh · $202.8M
4.39%
Flat
Vanguard Capital Management LLC
2,658,066 sh · $200.6M
4.34%
1.6%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.