BRENTWOOD, Tenn.--(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® ceremony at the New York Stock Exchange at 4:00 p.m. ET on Tuesday, August 23, 2011.
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 Company.
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®, 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: 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.