Delek Targets Another $1 Per Barrel at El Dorado: Can Margins Climb?

Impact · against what's priced in

Delek US's 'El Dorado Refinery 2.0' initiative provides a marginal positive catalyst by adding a specific $30 million annual profit target to its existing optimization efforts. PBF Energy's reported margin increase is already captured by the market's assumption of a mid-cycle refining environment.

DK+0.10

Not in the price yet

The price assumes

Enterprise Optimization Plan delivering at least $220 million in annual cash flow