Why Delek Holdings Stock Flew Almost 5% Higher on Friday

By Eric Volkman – Feb 27, 2026 at 7:21PM ESTKey PointsThe oil company's fourth quarter was a gusher, in several respects.It did especially well on the bottom line.Downstream oil company Delek US Holdings (DK +3.70%) put quite a cap on its trading week with an almost 5% gain in its share price on Friday. Much of this had to do with the company's latest earnings release, disseminated that morning; it featured rather positive developments, such as a flip into the black on the bottom line. An unexpected development In its fourth quarter of 2025, Delek's revenue was just under $2.43 billion; this topped the year-ago result by 2%. More impressively, the company posted a surprise net profit not according to generally accepted accounting principles (GAAP) of $143 million ($2.31 per share). That was a massive improvement over the nearly $161 million it lost in the fourth quarter of 2024. Image source: Getty Images. On average, analysts tracking Delek stock were modeling $2.55 billion on the top line, and a non-GAAP (adjusted) net loss of $0.07 per share. The radical improvement in the bottom line was attributable mainly to the company's refining segment. Delek said its operations generated adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $314 million, quite the shift from the year-ago loss of nearly $69 million. This was due to an increase in refining margin, Delek wrote. ExpandNYSE: DKDelek UsToday's Change(3.70%) $1.34Current Price$37.73Key Data PointsMarket Cap$2.2BDay's Range$35.22 - $38.7552wk Range$11.03 - $43.50Volume90KAvg Vol1.4MGross Margin2.04%Dividend Yield2.80% One to keep an eye on Any time a company makes such a robust recovery in a crucial financial line item, it's worth paying attention. Yet I'd caution that one quarter does not a future make, and at this point I'd like to see Delek build some momentum before I consider its stock an unambiguous buy.Read NextAug 8, 2020 •By Will HealyDanger Lurks for These 3 High-Yield Dividend StocksMay 7, 2020 •By Motley Fool TranscribingDelek US Holdings (DK) Q1 2020 Earnings Call TranscriptFeb 26, 2020 •By Motley Fool TranscribingDelek US Holdings (DK) Q4 2019 Earnings Call TranscriptAug 5, 2019 •By Motley Fool TranscribingDelek US Holdings (DK) Q2 2019 Earnings Call TranscriptMay 6, 2019 •By Motley Fool TranscribingDelek US Holdings (DK) Q1 2019 Earnings Call TranscriptFeb 20, 2019 •By Motley Fool TranscribersDelek US Holdings Inc (DK) Q4 2018 Earnings Conference Call TranscriptAbout the AuthorEric Volkman is a contributing Motley Fool finance and stock market analyst. Previously, Eric was an equities analyst at European investment bank Raiffeisen Capital and Investment. He’s also been a freelance finance writer since 1995. He studied at Susquehanna University.TMFVolkmanStocks MentionedDelek UsNYSE: DK$37.73(+3.70%)+$1.35*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.