Aug. 12 at 12:13 PM
$DK narrows loss, but revenue misses — what’s the play? 🤔
Despite a narrower Q2 loss due to lower operating costs, DK's net revenue fell 16.4% YoY, missing estimates by
$117M. However, refining segment's adjusted EBITDA profit rose to
$113.6M, driven by higher crack spreads.
Full breakdown here 👉 https://www.zacks.com/stock/news/2701942/delek-q2-loss-narrower-than-expected-revenues-miss-estimates?cid=sm-stocktwits-2-2701942-body-7301&ADID=SYND_STOCKTWITS_TWEET_2_2701942_BODY_7301