Equity Profile

DK

Delek US Holdings, Inc.

EnergyOil & Gas Refining & Marketing$3.0B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Delek US Holdings, Inc. operates in the energy sector, focusing on oil and gas refining and marketing....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and revenues this quarter.

N/A

Revenue Growth

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

N/A

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

DK Q2-2026 Earnings Preview

Context

Company Snapshot

Delek US Holdings, Inc. operates in the energy sector, focusing on oil and gas refining and marketing. With a market cap of $3 billion, the company plays a significant role in the U.S. energy landscape, especially as demand for refined products fluctuates with economic conditions.

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 Q1-2026, Delek surprised analysts with an EPS of $0.08, significantly beating expectations. The stock reacted positively, gaining 13.72% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's strong recent performance. However, the lack of analyst estimates leaves uncertainty about expectations.

Bull Case

If Delek can replicate its recent earnings surprises, it may see continued stock price appreciation and investor confidence.

Bear Case

Conversely, if the company fails to meet expectations or reports declining revenues, it could face significant selling pressure.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and will it continue the trend of positive surprises?

Given the company's recent history of beating EPS estimates, this figure will be crucial for investor sentiment.

How is revenue trending in relation to market demand for refined products?

Understanding revenue trends will help gauge the company's performance against economic conditions and competition.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Delek to continue its earnings surprise trend, especially given recent operational improvements.

Supporting Evidence

Delek has consistently surprised on EPS in recent quarters, indicating strong management performance.

The options market is pricing a significant move, suggesting that investors are anticipating volatility that could favor a positive outcome.

Key Risk

If the EPS comes in above $0.50, it could significantly shift market sentiment towards a more bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will either reinforce the company's recovery narrative or highlight ongoing challenges.

Bull Confirmed If

An EPS of $0.50 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.00 would confirm the bear case, suggesting ongoing financial struggles.

Pre-Earnings Positioning

Options Market

Implied Move

±13.86%

Historical Avg

±6.1%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating uncertainty among investors.

Options are pricing ±23.2% while DK has averaged ±6.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

69.4%

Calls (16K)P/C Ratio: 0.02Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 7 of 30 (23%)

This setup has occurred 30 times across Energy in the last 2 years. 23 of 30 (77%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.4%, with a raw directional average of -1.6% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Delek beats expectations, history suggests a stock increase of around 2.42%, confirming the recovery narrative.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await clearer guidance.

Miss

A miss could lead to a decline of approximately 0.07%, reflecting disappointment among investors.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on operational efficiencies that could impact margins.
2Updates on market demand for refined products and how it affects revenue.
3Insights into cost management strategies in the current economic environment.
4Guidance on future earnings expectations and capital expenditures.
5Any changes in market share relative to competitors.

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Company Snapshot

Delek US Holdings, Inc. operates in the energy sector, focusing on oil and gas refining and marketing....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and revenues this quarter.

N/A

Revenue Growth

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

N/A

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

DK Q2-2026 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 Q1-2026, Delek surprised analysts with an EPS of $0.08, significantly beating expectations. The stock reacted positively, gaining 13.72% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given the company's strong recent performance. However, the lack of analyst estimates leaves uncertainty about expectations.

Bull Case

If Delek can replicate its recent earnings surprises, it may see continued stock price appreciation and investor confidence.

Bear Case

Conversely, if the company fails to meet expectations or reports declining revenues, it could face significant selling pressure.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and will it continue the trend of positive surprises?

Given the company's recent history of beating EPS estimates, this figure will be crucial for investor sentiment.

How is revenue trending in relation to market demand for refined products?

Understanding revenue trends will help gauge the company's performance against economic conditions and competition.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Delek to continue its earnings surprise trend, especially given recent operational improvements.

Supporting Evidence

Delek has consistently surprised on EPS in recent quarters, indicating strong management performance.

The options market is pricing a significant move, suggesting that investors are anticipating volatility that could favor a positive outcome.

Key Risk

If the EPS comes in above $0.50, it could significantly shift market sentiment towards a more bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will either reinforce the company's recovery narrative or highlight ongoing challenges.

Bull Confirmed If

An EPS of $0.50 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.00 would confirm the bear case, suggesting ongoing financial struggles.

Pre-Earnings Positioning

Options Market

Implied Move

±13.86%

Historical Avg

±6.1%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating uncertainty among investors.

Options are pricing ±23.2% while DK has averaged ±6.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

69.4%

Calls (16K)P/C Ratio: 0.02Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Energy

n=30

Fade rate: 7 of 30 (23%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Delek beats expectations, history suggests a stock increase of around 2.42%, confirming the recovery narrative.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await clearer guidance.

Miss

A miss could lead to a decline of approximately 0.07%, reflecting disappointment among investors.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on operational efficiencies that could impact margins.
2Updates on market demand for refined products and how it affects revenue.
3Insights into cost management strategies in the current economic environment.
4Guidance on future earnings expectations and capital expenditures.
5Any changes in market share relative to competitors.