Delek US Holdings, Inc. (DK) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Now, let's turn the conference over to Robert Wright, Senior VP of the U.S. Branch. You may begin. Good morning, and welcome to the DELIC-US First Quarter Earnings Conference Call. Participants joining me on today's call will include Abigail Sorek, President and CEO, Joseph Israel, EVP Operations, and Mark Hobbs, EVP and Chief Financial Officer. Today's presentation material can be found on the Investor Relations section of the DELIC-US Slide 2 contains our safe harbor statement regarding forward-looking comments. Any forward-looking information shared during today's call involve risks and uncertainties that may cause actual results to differ materially from today's comments. Factors that could cause actual results to differ are included here as well as within our SEC filings. The company assumes no obligation to update any forward-looking statements. I will now turn the call over to Abigail for opening remarks. Abigail? Thank you, Robert. Good morning, and thank you for joining us today. Despite continued challenging refining margin environment, which was around $4 below mid-cycle, DELEC continued on its transformational journey. On the first quarter, we made further progress in improving our operational performance by conducting two important plant outages at Tyler and Big Spring. We continue to make strong progress on our EOP plans. We also continue to advance our sub-department efforts to additional intercompany agreements between DK and DKL. Let me highlight the progress we have made on our key priorities. First, safe and reliable operations. We have made further progress in improving the operations throughout our company. We successfully completed an high-key turnaround at Tyler and maintenance at several units at Big Spring. The Big Spring Refinery continues t...