Delek us holdings reports first quarter 2022 results

Reported first quarter net income of $6.6 million or $0.09 per share and adjusted ebitda of $172.8 million completed $64 million share acquisition from the icahn group at $18.30/share, reducing shares outstanding by ~5% planned acquisition of 3bear places us well on-track to achieve midstream ebitda target of $365 - $395 million accelerating permian gathering activity provides growth opportunities and potential for attractive crude discounts positioned to capture robust energy environment with no major turnaround activity planned in 2022 retrospectively transitioned tyler, tx refinery from lifo to fifo inventory accounting methodology maintained strong balance sheet with $854 million of cash as of march 31, 2022 brentwood, tenn. , may 3, 2022 /prnewswire/ -- delek us holdings, inc. (nyse: dk) ("delek us") today announced financial results for its first quarter ended march 31, 2022.
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