Equity Profile

DK

Delek US Holdings, Inc.

EnergyOil & Gas Refining & Marketing$3.0B

Apr29Wed

Post-Earnings Recap

ReportedQ1-2026Pre-Market6:30 AM EDT

Delek US Holdings, Inc. Beats on EPS, Stock Up 0.00%

Metric	Actual	Expected	Surprise
EPS	$0.08	$-1.56	+105.26%
Revenue	N/A	$2.5B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Delek US Holdings, Inc. Beats on EPS, Stock Up 0.00%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.08	$-1.56	+105.26%
Revenue	N/A	$2.5B	N/A

Management Commentary

Tone: Cautiously Optimistic

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.

What It Means

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.

Company Snapshot

Delek US Holdings, Inc. is a company in the energy sector, primarily focused on oil and gas refining and marketing....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, especially after a volatile previous quarter.

$-1.56

Revenue

Revenue figures will provide insight into the company's sales performance and market demand for its products.

$2.5B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

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.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+457.47%

Avg Stock Reaction

+2.12%

Last Quarter Recap

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.

Management Promises & Guidance

Expectations

Wall Street Expectations

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)

$-1.56

EPS is a key indicator of the company's profitability and financial health, especially after a volatile previous quarter.

Revenue

$2.5B

Revenue figures will provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

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.

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.

Edge

What the Street Is Missing

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.

Edge

Thesis-Break Levels

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.

Pre-Earnings Positioning

Options Market

Implied Move

±12.3%

Historical Avg

±6.1%

Pricing rich

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 ±6.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

64.5%

Calls (13K)P/C Ratio: 19.80Puts (9K)

Preparation

Post-Print Playbook

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%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on refining margins and how they are impacting profitability.
2Details on operational efficiencies and cost management strategies.
3Insights into market demand for refined products and any changes in consumer behavior.
4Management's outlook on future quarters and any guidance provided.
5Responses to industry trends and how Delek plans to adapt.

See the full picture

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Company Snapshot

Delek US Holdings, Inc. is a company in the energy sector, primarily focused on oil and gas refining and marketing....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, especially after a volatile previous quarter.

$-1.56

Revenue

Revenue figures will provide insight into the company's sales performance and market demand for its products.

$2.5B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+457.47%

Avg Stock Reaction

+2.12%

Last Quarter Recap

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.

Management Promises & Guidance

Expectations

Wall Street Expectations

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)

$-1.56

EPS is a key indicator of the company's profitability and financial health, especially after a volatile previous quarter.

Revenue

$2.5B

Revenue figures will provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

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.

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.

Edge

What the Street Is Missing

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.

Edge

Thesis-Break Levels

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.

Pre-Earnings Positioning

Options Market

Implied Move

±12.3%

Historical Avg

±6.1%

Pricing rich

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 ±6.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

64.5%

Calls (13K)P/C Ratio: 19.80Puts (9K)

Preparation

Post-Print Playbook

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%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on refining margins and how they are impacting profitability.
2Details on operational efficiencies and cost management strategies.
3Insights into market demand for refined products and any changes in consumer behavior.
4Management's outlook on future quarters and any guidance provided.
5Responses to industry trends and how Delek plans to adapt.