Delek US Approves Quarterly Distribution of $0.255 per Share for Second Quarter
Key Facts
In its second-quarter 2026 results, Delek US announced that its board approved a quarterly cash distribution of $0.255 per share. The company said the distribution will be paid on August 10, 2026, to shareholders of record on August 3. The announcement sets out the distribution amount and timing in the context of the company's quarterly results, but does not announce a new increase in distributions. The company recorded net income of $169.5 million, or $2.71 per share, in the same quarter. These figures appeared in the company's second-quarter results statement.
Adjusted EBITDA was $638.7 million in the second quarter of 2026, compared with $177.9 million in the same period of 2025. The company attributed the improvement in refining margins to wider refining spreads. It said its benchmark spreads rose by an average of 136.0% from year-earlier levels. Adjusted earnings in the refining segment were $566.2 million, versus $114.8 million in the second quarter of 2025. The company said the segment's adjusted earnings "were $566.2 million in the second quarter of 2026, compared with $114.8 million in the same quarter last year."
In the logistics segment, adjusted earnings were $143.5 million in the second quarter of 2026, compared with $127.4 million in the same period a year earlier. This figure provides a separate view of refining performance, which the company linked in its statement to higher spreads. Total adjusted EBITDA was $638.7 million for the quarter, of which refining accounted for $566.2 million. Logistics recorded $143.5 million, according to the company's results. The year-on-year comparison shows increases in the reported figures for both the refining and logistics segments, with the size of the increase differing between them.
The company's stock closed at $70.3 on October 28, 2026, according to EL7 data. The closing price came after the distribution decision announced by the company in its second-quarter results, but the available data do not link the share-price move to the decision. Delek US scheduled its third-quarter 2026 results conference call for November 6, 2026. The call is expected to be the company's next presentation of results for the subsequent period. The distribution documented in the current results remains the quarterly payment of $0.255 per share.