BRENTWOOD, Tenn.--(BUSINESS WIRE)--May. 15, 2012--
Delek US Holdings, Inc. (NYSE: DK), a diversified energy company with
assets in the petroleum refining, marketing and retail industries, today
provided an update on the status of operations at its El Dorado,
Arkansas and Tyler, Texas refineries.
El Dorado Refinery
As discussed on the Company’s first quarter 2012 conference call, the
Company’s El Dorado refinery has operated at reduced throughput rates
since May 1, 2012 due to the temporary suspension of crude oil delivered
from a supplier’s pipeline. Delek has secured additional feedstocks that
should allow the refinery to average total throughput of at least 60,000
barrels per day during both May and June.
The FCC unit at the Tyler refinery was temporarily idled on May 10, 2012
for repairs after experiencing an unsuccessful restart that resulted
from a power interruption on May 7, 2012. As a result of the
maintenance, the Company expects the refinery’s May crude oil throughput
to average between 45,000 and 50,000 barrels per day. The Company
expects to resume normal operation by the end of May.
Morgan Stanley Refining Corporate Access Day
President and CEO Uzi Yemin and other members of executive management
will meet with various investors on May 16, 2012 and will participate in
the Morgan Stanley Refining Corporate Access Day in New York on May 17,
Delek US’ latest investor presentation will be provided at the
conference and an electronic copy of this presentation is currently
available in the “Investors” section of the Delek US website at http://www.DelekUS.com.
About Delek US Holdings, Inc.
Delek US Holdings, Inc. is an integrated 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 375 company-operated convenience store locations operated
under the MAPCO Express®, MAPCO Mart®, East Coast®, Fast Food and Fuel™,
Favorite Markets®, Delta Express® and Discount Food Mart™ 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: 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; an incident at the refinery could expose us to potentially
significant costs and liabilities, including costs and liabilities that
may not be covered at all or in limited amounts by our insurance
policies; 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; management’s ability to execute its strategy of growth
through acquisitions and transactional risks in acquisitions; 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 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.
U.S. Investor / Media Relations Contact:
Executive Vice President
Chris Hodges, 312-589-3505
Founder & CEO