BRENTWOOD, Tenn., Aug 15, 2011 (BUSINESS WIRE) --
Delek US Holdings, Inc. (NYSE: DK), a diversified energy company with
assets in the petroleum refining, marketing and retail industries, today
announced that members of the Company's executive leadership team, board
of directors and guests will participate in The Closing Bell(R) ceremony
at the New York Stock Exchange at 4:00 p.m. ET on Tuesday, August 23,
The Closing Bell Ceremony will commemorate Delek US' fifth year as a
public company listed on the New York Stock Exchange, in addition to the
Company's recent acquisition of a majority equity interest in Lion Oil
Uzi Yemin, President and Chief Executive Officer of Delek US Holdings,
remarked: "Since our IPO in 2006, Delek US has focused on driving
superior returns for its shareholders through a combination of organic
growth and strategic acquisitions. Earlier this year, we more than
doubled our refining production capacity and greatly enhanced our
product distribution capabilities through our acquisition of a majority
equity interest in Lion Oil."
"Delek US' net income increased by more than $70 million during the
first half of 2011, when compared to first half of 2010, due to a
combination of elevated Gulf Coast refining margins and our continued
access to cost-advantaged crude oil," continued Yemin.
"Looking ahead, we remain focused on expanding our asset footprint as an
integrated downstream energy company," stated Yemin. "We appreciate the
dedication of our employees and the long-term support of shareholders
who have been pivotal to our success."
A live webcast of The Closing Bell will be available on the New York
Stock Exchange website at www.nyse.com
beginning at 3:59 p.m. ET.
About Delek US Holdings, Inc.
Delek US Holdings, Inc. is a diversified downstream energy business
focused on petroleum refining, the wholesale distribution of refined
products and convenience store retailing. The refining segment consists
of refineries operated in Tyler, Texas and El Dorado, Arkansas with a
combined nameplate production capacity of 140,000 barrels per day. The
marketing and supply segment markets refined products through a series
of owned and third-party product terminals and pipelines. The retail
segment supplies fuels and merchandise through a network of
approximately 390 company-operated convenience store locations operated
under the MAPCO Express(R), MAPCO Mart(R), East Coast(R), Fast Food and Fuel(TM),
Favorite Markets(R), Delta Express(R) and Discount Food Mart(TM) brand names.
Safe Harbor Provisions Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based
upon current expectations and involve a number of risks and
uncertainties. Statements concerning our current estimates, expectations
and projections about our future results, performance, prospects and
opportunities and other statements, concerns, or matters that are not
historical facts are "forward-looking statements," as that term is
defined under the federal securities laws.
Investors are cautioned that the following important factors, among
others, may affect these forward-looking statements. These factors
include but are not limited to: management's ability to execute its
strategy through acquisitions and transactional risks in acquisitions;
risks and uncertainties with the respect to the quantities and costs of
crude oil, the costs to acquire feedstocks and the price of the refined
petroleum products we ultimately sell; our competitive position and the
effects of competition; the projected growth of the industry in which we
operate; changes in the scope, costs, and/or timing of capital projects;
losses from derivative instruments; general economic and business
conditions, particularly levels of spending relating to travel and
tourism or conditions affecting the southeastern United States;
potential conflicts of interest between our majority stockholder and
other stockholders; and other risks contained in our filings with the
United States Securities and Exchange Commission.
Forward-looking statements should not be read as a guarantee of future
performance or results and will not be accurate indications of the times
at, or by which such performance or results will be achieved.
Forward-looking information is based on information available at the
time and/or management's good faith belief with respect to future
events, and is subject to risks and uncertainties that could cause
actual performance or results to differ materially from those expressed
in the statements. Delek US undertakes no obligation to update or revise
any such forward-looking statements.
SOURCE: Delek US Holdings, Inc.
Delek US Holdings, Inc.
Noel Ryan III, 615-435-1356
Head of Investor Relations & Communications