Delek (DK) Q1 Loss Narrower Than Expected, Sales Decline Y/Y
DKDelek US(DK) Zacks Investment Research·2024-05-13 23:36

Delek US Holdings, Inc. (DK) reported first-quarter 2024 adjusted net loss of 41 cents per share, narrower than the Zacks Consensus Estimate of a loss of 56 cents per share, owing to lower year-over-year operating costs. However, the figure deteriorated from the year-ago quarter’s profit of 1.37pershare.TheunderperformancecouldbeattributedtotheRefiningsegmentsweakyearonyearcontributions.Netrevenuesdecreased17.71.37 per share. The underperformance could be attributed to the Refining segment's weak year-on-year contributions. Net revenues decreased 17.7% year over year to 3.2 billion and missed the consensus mark of $3.6 billi ...