Delek US

Headquartered in Brentwood, Tennessee, Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels and convenience store retailing.

Delek US Holdings, Inc.
public company
Traded asNYSE: DK
ISINUS24665A1034
IndustryOil & Gas Refining & Marketing
PredecessorFina, Alon USA Energy, Inc., MAPCO Express, Lion Oil Company
Founded2001
HeadquartersCorporate headquarters in Brentwood, Tennessee, United States
Key people
Ezra Uzi Yemin, (Chairman, President and Chief Executive Officer)
Kevin Kremke, (Executive Vice President and Chief Financial Officer)
Frederec Green, (Executive Vice President and Chief Operating Officer)
ProductsFuels, Petrochemicals
RevenueUS$ 7.27 Billion (FY 2017)[1]
US$ 428.4 Million (FY 2017)[1]
US$ 294.7 Million (FY 2017)[1]
Number of employees
3,941[2] (2017)
Websitewww.delekus.com

In all, the combined Brentwood-based company has a broad platform consisting of:

  • A refining system with approximately 300,000 barrels per day of crude throughput capacity consisting of four locations and an integrated retail platform that includes approximately 300 locations serving central and west Texas and New Mexico.
  • Logistics operations including Delek Logistics, which can benefit from future drop downs and organic projects to support a larger refining system.
  • A marketing operation that supplies more than 350 wholesale locations, has unbranded wholesale sales of approximately 145,000 barrels per day of light products in 13 states, and has utilization of 450,000 barrels per month of space on the Colonial Pipeline System.
  • An integrated asphalt business consisting of operations primarily in Texas, Arkansas, Oklahoma, California and Washington approaching 1 million tons of sales on an annual basis.[3]

Expansion

Alon U.S.A. announced it would buy Paramount Petroleum Corp. for $307 million cash and assume $100 million in debt. The deal closed in August 2006. Alon U.S.A. also planned to buy the assets of Edgington Oil Co. for $52 million cash, a deal delayed in closing due to an FTC request for further information. Among Paramount's assets are a 54,000 barrels per day (8,600 m3/d) refinery in Paramount, California, and seven asphalt terminals. Edgington is a topping refinery located in Long Beach, California, with a listed capacity of about 40,000 barrels per day (6,400 m3/d).

In July 2006, Alon USA closed on the transaction to purchase 40 convenience stores from Good Time Stores. In March 2007, Alon USA announced that it would purchase Abilene-based Skinny's convenience stores for 70 million dollars.

In May 2008, Valero announced they had sold the 85,000 BPD Krotz Springs, Louisiana, refinery to Alon USA for $433 million.

On June 2, 2010, Alon announced that it has completed the acquisition of the Bakersfield, California, refinery from Big West of California, LLC, a subsidiary of Flying J Inc. The purchase price of the Bakersfield transaction, including substantially all of the assets of Big West, consists of $40 million in cash. The company also acquired the Bakersfield refinery's existing inventory as of the closing date of the transaction. The Bakersfield refinery is located in California's Central Valley and has the capacity to refine up to 70,000 barrels per day of crude oil. The refinery is supplied by crude oil produced in the San Joaquin Valley with its products marketed in California and is a major provider of motor fuels in central California.

Merger with Alon USA

On July 1, 2017, Delek US Holdings Inc., Brentwood, Tennessee, completed its purchase of Alon Israel Oil Co. Ltd.’s US-based refining and marketing subsidiary Alon USA Energy Inc.[4] As part of the all-stock transaction, Delek acquired the remaining 53% of Alon USA’s common stock not already owned by Delek. The combined company will be led primarily by Delek US’ existing management team.

References
  1. Delek US Holdings, Inc. (DK) annual SEC income statement filing via Wikinvest.
  2. "Delek US Holdings". Fortune. Retrieved 2018-12-18.
  3. "Delek US Puts Alon USA Acquisition in the Books". Convenience Store News. Retrieved 2018-12-05.
  4. "Delek US, Alon USA complete merger". Oil&Gas Journal. 3 July 2017.

Official website

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