DK Delek US (DK) Q2 FY26 earnings call
Delek US Holdings demonstrated strong operational execution in Q2 FY26, successfully navigating volatile markets and advancing its Enterprise Optimization Plan. The company continues to focus on increasing free cash flow, reducing costs, and maintaining a disciplined capital allocation strategy, including shareholder returns, while progressing towards the deconsolidation of its midstream business. Management expressed confidence in its mid-cycle free cash flow profile and the ongoing benefits from its EOP initiatives.
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DK operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Capital expenditures DKL | $31MOn Slide 21, we outline our fourth quarter capital spending with $82 million invested at Delek stand-alone and $31 million at DKL, largely for growth projects.Source: earnings call transcript | $61MThis includes second quarter capital purchases of $61 million at Delek Logistics, primarily for growth projects and $55 million of purchases in refining, along with a quarter-over-quarter reduction of capital accruals, primarily related to the payments on the final expenditures of the Big Spring turnaround, which we completed safely, on schedule and on budget.Source: earnings call transcript | +96.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.