Delek US Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 27, 2024 at 07:00 am EST
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Delek US Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 4,049.1 million compared to USD 4,479.2 million a year ago. Net loss was USD 164.9 million compared to USD 118.7 million a year ago. Basic loss per share from continuing operations was USD 2.57 compared to USD 1.73 a year ago. Diluted loss per share from continuing operations was USD 2.57 compared to USD 1.73 a year ago.
For the full year, sales was USD 16,917.4 million compared to USD 20,245.8 million a year ago. Net income was USD 19.8 million compared to USD 257.1 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 3.63 a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to USD 3.59 a year ago.
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, renewable fuels and convenience store retailing. The Company's segments include Refining, Logistics and Retail. The Refining segment processes crude oil and other feedstocks for the manufacture of transportation motor fuels, including various grades of gasoline, diesel fuel and aviation fuel, asphalt and other petroleum-based products. The Refining segment also owns and operates three biodiesel facilities involved in the production of biodiesel fuels and related activities, located in Crossett, Arkansas, Cleburne, Texas and New Albany, Mississippi. The Logistics segment is engaged in gathering, transporting, offloading and storing crude oil and natural gas; for storing intermediate products and feedstocks, and disposing and recycling water. The Retail segment includes the operations of owned and leased convenience store sites located in West Texas and New Mexico.