Equity Profile

DK

Delek US Holdings, Inc.

EnergyOil & Gas Refining & Marketing$4.2B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Delek US Holdings, Inc. is a company in the energy sector, specifically focused 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.

N/A

Revenue Growth

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

N/A

1 more metrics, 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. is a company in the energy sector, specifically focused on oil and gas refining and marketing. With a market cap of $4 billion, it plays a significant role in the energy supply chain, especially as global energy demands evolve.

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 reported an EPS of $0.08, significantly beating expectations by over 105%. 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 performance in previous quarters. However, uncertainty remains due to volatile oil prices and refining margins.

Bull Case

If Delek continues its trend of beating EPS estimates, it could see a strong stock price reaction, especially if revenue growth is also robust.

Bear Case

On the other hand, if the company fails to meet expectations or if refining margins decline, it could lead to a significant drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to the previous quarters?

Given Delek's strong history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

How are refining margins trending in the current market environment?

Refining margins are critical for Delek's profitability, and any guidance on this will be pivotal for investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Delek's ability to capitalize on refining margins due to recent supply chain improvements.

Supporting Evidence

The company has a strong track record of beating EPS estimates, with an 88% success rate over the last eight quarters.

Options are pricing in a significant move, suggesting that traders expect a larger reaction than historical averages.

Recent trends in oil prices could favor Delek's refining operations, contrary to broader market fears.

Key Risk

If refining margins exceed expectations, it could significantly shift the market's view on Delek's profitability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Delek can maintain its strong performance in a volatile oil market, making these metrics crucial.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $0.00 would confirm the bear case, suggesting significant challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±23.24%

Historical Avg

±6.1%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Delek beats expectations, history suggests a positive stock reaction, potentially around +2.42% on the first trading day.

In-Line / Cautious

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

Miss

Should the company miss expectations, history suggests a potential decline of around +0.07% on the first trading day.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on refining margin trends and their impact on profitability.
2Details on operational efficiencies that could enhance cost management.
3Insights into market demand for refined products in the upcoming quarters.
4Management's outlook on oil price fluctuations and their strategy to mitigate risks.
5Any commentary on potential acquisitions or expansions in refining capacity.

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Company Snapshot

Delek US Holdings, Inc. is a company in the energy sector, specifically focused 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.

N/A

Revenue Growth

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

N/A

1 more metrics, 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 reported an EPS of $0.08, significantly beating expectations by over 105%. The stock reacted positively, gaining 13.72% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Delek continues its trend of beating EPS estimates, it could see a strong stock price reaction, especially if revenue growth is also robust.

Bear Case

On the other hand, if the company fails to meet expectations or if refining margins decline, it could lead to a significant drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to the previous quarters?

Given Delek's strong history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

How are refining margins trending in the current market environment?

Refining margins are critical for Delek's profitability, and any guidance on this will be pivotal for investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Delek's ability to capitalize on refining margins due to recent supply chain improvements.

Supporting Evidence

The company has a strong track record of beating EPS estimates, with an 88% success rate over the last eight quarters.

Options are pricing in a significant move, suggesting that traders expect a larger reaction than historical averages.

Recent trends in oil prices could favor Delek's refining operations, contrary to broader market fears.

Key Risk

If refining margins exceed expectations, it could significantly shift the market's view on Delek's profitability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Delek can maintain its strong performance in a volatile oil market, making these metrics crucial.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $0.00 would confirm the bear case, suggesting significant challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±23.24%

Historical Avg

±6.1%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

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)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Delek beats expectations, history suggests a positive stock reaction, potentially around +2.42% on the first trading day.

In-Line / Cautious

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

Miss

Should the company miss expectations, history suggests a potential decline of around +0.07% on the first trading day.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on refining margin trends and their impact on profitability.
2Details on operational efficiencies that could enhance cost management.
3Insights into market demand for refined products in the upcoming quarters.
4Management's outlook on oil price fluctuations and their strategy to mitigate risks.
5Any commentary on potential acquisitions or expansions in refining capacity.