Delek US

#4368

Rank

$2.49B

Marketcap

United States

Country

Leadership team

Mr. Reuven Avraham Spiegel (Exec. VP & CFO)

Mr. Todd O'Malley (Exec. VP & COO)

Mr. Ezra Uzi Yemin (Exec. Chairman)

Products/ Services

Energy, Marketing, Oil and Gas

Number of Employees

1,000 - 20,000

Headquarters

Brentwood, Tennessee, United States

Established

2001

Company Registration

SEC CIK number: 0001694426

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

Social Media

URL

https://www.delekus.com

Overview

Location

Recognition and Award

References

Summary

Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal. It owns and operates four independent refineries located in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana, as well as three biodiesel facilities in Crossett, Arkansas, Cleburne, Texas, and New Albany. The Logistics segment gathers, transports, and stores crude oil, intermediate, and refined products; and markets, distributes, transports, and stores refined products for third parties. It owns or leases capacity on approximately 400 miles of crude oil transportation pipelines, approximately 450 miles of refined product pipelines, an approximately 900-mile crude oil gathering system, and associated crude oil storage tanks with an aggregate of approximately 10.2 million barrels of active shell capacity; and owns and operates ten light product distribution terminals, as well as markets light products using third-party terminals. The Retail segment owns and leases 248 convenience store sites located primarily in West Texas and New Mexico. Its convenience stores offer various grades of gasoline and diesel under the DK or Alon brand; and food products and service, tobacco products, non-alcoholic and alcoholic beverages, and general merchandise, as well as money orders to the public primarily under the 7-Eleven and DK or Alon brand names. It serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, the U.S. government, and independent retail fuel operators. Delek US Holdings, Inc. was founded in 2001 and is headquartered in Brentwood, Tennessee.

History

Since 2001, the Company has completed multiple acquisitions in the refining, marketing & logistics, and convenience store industries.Today, Delek is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels, and convenience store retailing. Key events in its history are summarized below:

Acquisitions/Divestitures

May 2001: Acquired MAPCO Express, Inc., with 198 retail fuel and convenience stores

April 2005: Acquired the Tyler Refinery and its related assets

July 2006: Acquired of 40 Retail Fuel and Convenience Stores From Fast Petroleum

August 2006: Acquired of Refining Equipment, Pipelines, Storage Tanks and Terminals From Pride Companies

October 2011: Acquired sole ownership of Lion Oil Company, with a refinery, pipeline and other refining, product terminal, and crude oil pipeline assets in and around El Dorado, Arkansas, and product terminals in Memphis and Nashville, Tennessee

January 2013: Announced Agreement to Purchase a Biodiesel Facility in Cleburne,Texas from EQM Technologies & Energy, Inc.

February 2014: Announced Agreement to Purchase a Biodiesel Facility in Crossett, Arkansas

November 2016: Completed Sale of MAPCO Retail Related Assets for $535 million

March 2018: Sold refineries in Paramount, California and Long Beach, California to World Energy LLC.

November 2018: Announced Big Spring Crude Oil Gathering System in the Permian Basin

May 2019: Acquired 33% Interest in Red River pipeline joint venture

August 2019: Acquired 15% Interest in Wink to Webster Pipeline LLC

November 2019: Announced Agreement to Purchase a Biodiesel Facility in New Albany, Mississippi

May 2020: Sold Bakersfield Refinery to Global Clean Energy HoldingsMergers

May 2015: Acquired 33.7 million shares of common stock of Alon USA Energy, Inc. This represented approximately 48% of Alon USA shares outstanding in May 2015

July 2017: Acquired the remaining shares of common stock of Alon USA Energy, Inc. Operations included refining, retail, asphalt, and renewable fuel, including Paramount Petroleum.

Mission

Delek US Holdings mission is to be the premier downstream energy company in the United States, providing customers with quality fuels, specialty products and other services while delivering profit growth and creating long-term value for our shareholders.

Vision

Delek US Holdings' vision is to be the premier downstream energy and convenience store retailer in the United States, focused on executing disciplined and profitable investments, strong operational performance, and disciplined capital allocation.

Key Team

Mr. Blake Michael Fernandez (Sr. VP of Investor Relations & Market Intelligence)

Mr. Michael P. Ralsky (VP of Gov. Affairs, Public Affairs & Communications)

Mr. Jared Paul Serff (Exec. VP & Chief HR Officer)

Ms. Denise Clark McWatters (Exec. VP, Gen. Counsel & Corp. Sec.)

Mr. Avigal Soreq (Pres, CEO & Director)

Mr. Robert Wright (VP, Corp. Controller & Principal Accounting Officer)

Mr. Ido Biger (Exec. VP, CTO & Chief Data Officer)

Recognition and Awards

Delek US Holdings has earned numerous awards for its accomplishments as a public company. These accomplishments include being ranked as one of the 100 most sustainable companies worldwide by Corporate Knights and inclusion in the S&P SmallCap 600. In addition, the company was selected as a CDP Water A List company for three consecutive years from 2018-2020.