How did Delek US Holdings' revenue and expenses trends shift in Q4 2024?
5/9/2025 01:15am
Delek US Holdings experienced a significant decline in net income in Q4 2024, with a reported net loss of $413.8 million and an adjusted net loss of $160.5 million. Despite this, the company's total revenue for the quarter was $2.37 billion.
1. **Revenue Trends**: Delek US Holdings' revenue trend in Q4 2024 was not explicitly detailed in the available data. However, the company's total revenue for the quarter was reported as $2.37 billion.
|code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|
|DK|DK.N|Delek Us Holdings|2023 Q4|3.9421E9||169|
|DK|DK.N|Delek Us Holdings|2024 Q1|3.128E9||169|
|DK|DK.N|Delek Us Holdings|2024 Q2|3.4217E9||169|
|DK|DK.N|Delek Us Holdings|2024 Q3|3.0424E9||169|
2. **Expense Trends**: The company's expenses were not detailed in the available data. However, it is important to note that Delek US Holdings reported a significant net loss in Q4 2024, which was partly due to the challenging market conditions the company operated in during the quarter.
3. **Profitability**: The company's adjusted EBITDA for the quarter was reported as $(23.2) million, which indicates that the company was unprofitable in terms of EBITDA during this period.
4. **Strategic Initiatives**: Despite the challenges, Delek US Holdings made significant progress in achieving its Sum of the Parts ("SOTP") goals during 2024. The company sold its retail assets for proceeds of $390 million and made strides in deconsolidating its midstream segment, Delek Logistics Partners DKL. These strategic moves are likely to have a positive impact on the company's long-term profitability.