DK | Delek US Holdings Inc
Founded in 2001, Delek US Holdings, Inc. (NYSE: DK) is a downstream energy company with assets in petroleum refining, logistics, convenience store retailing, and renewables. This platform was created through a combination of M&A and organic projects that has supported continued growth since 2001. The most recent step, which doubled the size of Delek, was the completion of the acquisition of Alon USA Energy, Inc. in July 2017 and the acquisition of the remaining units of Alon USA Partners in February 2018. The inland refining system has four refineries with approximately 70% of its crude oil sourced from the Permian Basin, via a combination of third-party and Delek pipelines. In the midstream business, Delek is developing its Permian Basin platform through the construction of its Big Spring Gathering system around Big Spring, Texas.
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