This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Delek US Holdings Reports Record Net Income For Third Quarter 2012

Direct operating expense was $30.1 million, or $3.89 per barrel sold, in the third quarter 2012, compared to $32.3 million, or $4.27 per barrel sold, during the third quarter of 2011. Adjusting third quarter 2012 sales volumes for the finished product buy/sell activity, direct operating expense was $4.71 per barrel.

El Dorado refining margin was $19.41 per barrel sold, excluding finished product buy/sell activity, in the third quarter 2012, which is a significant improvement from $12.77 per barrel sold during the third quarter of 2011. Compared to third quarter 2011, our average crude oil price differential to WTI in El Dorado decreased because the lower operating rate reduced the amount of more expensive Gulf Coast crude purchases. This resulted in a crude supply that consisted of approximately 14% of Gulf Coast sourced crude. This change in crude supply, combined with a product slate that included a higher percentage of light products, were the primary drivers in margin improvement from third quarter 2011.

Retail Segment

Retail segment contribution margin decreased to $11.0 million in the third quarter 2012, versus $15.6 million in the third quarter 2011. A steady increase in wholesale fuel price, which benefited our refining segment, resulted in a lower fuel margin compared to the year ago period. This decline in fuel margin was partially offset by lower operating expenses and a slight increase in merchandising margin compared to third quarter 2011. Fuel margin was 13.9 cents per gallon in third quarter 2012, compared to 18.8 cents per gallon in third quarter 2011.

At the conclusion of the third quarter 2012, the retail segment operated 372 locations, versus 384 locations at the end of the third quarter 2011.

Marketing Segment

Marketing segment contribution margin improved to $9.7 million in the third quarter 2012, versus $6.8 million in the third quarter 2011. The improved results were supported by an increase in total sales volumes of 3.6 percent, to 16,715 barrels per day.

4 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs