Delek US Holdings Targets $250 Million End-of-Period Run-Rate Improvement and $100 Million Q4 Buybacks
Delek US Holdings, Inc. (DK) reported a landmark third quarter, which CEO Avigal Soreq characterized as a pivotal moment in the company's ongoing financial transformation. The company is focusing on execution-driven results to strengthen its balance sheet and optimize operational efficiency. Looking ahead, Delek has outlined an expected end-of-period run-rate improvement of at least $250 million. To reward shareholders, management is targeting approximately $100 million in share buybacks during the fourth quarter, signaling confidence in their cash flow generation and liquidity position.