Delek US Holdings (DK) Operating Expenses (2016 - 2026)
Delek US Holdings' Operating Expenses came in at $3.78 billion for Q2 2026, up 35.3% from $2.8 billion a year earlier and up 33.6% from the prior quarter.
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Analysis
Delek US Holdings (DK) Operating Expenses (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Delek US Holdings reported Operating Expenses of $11.47 billion, down 0.3% year-over-year; for FY2025, it was $10.42 billion, down 15.6% from FY2024.
- Operating Expenses has declined in each of the last three years, though with a five-year compound annual growth rate of 5.3% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $12.34 billion in FY2024 (-23.9%), $16.22 billion in FY2023 (-16.1%), $19.34 billion in FY2022 (+81.1%) and $10.68 billion in FY2021 (+33.0%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses since Q4 2023.
- Year-over-year, Operating Expenses increased in two of the last eight quarters, with an average decline of 10.7%.
- The fastest year-over-year change in Operating Expenses over five years came in Q2 2022 (growth of 144.9%), and the weakest in Q4 2024 (a decline of 32.0%).
- Business Quant data shows DK's Operating Expenses at $2.83 billion (Q1 2026), $2.26 billion (Q4 2025) and $2.59 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 137.97 Bn | 121.73 Bn | 9.27 Bn | 45.02 Bn |
| 2 | Valero Energy | 134.23 Bn | 111.17 Bn | 5.47 Bn | 266.00 Mn |
| 3 | HF Sinclair | 23.03 Bn | 17.20 Bn | 1.57 Bn | 9.22 Bn |
| 4 | PBF Energy | 10.79 Bn | 8.35 Bn | 1.15 Bn | 10.41 Bn |
| 5 | Sunoco | 10.43 Bn | 4.80 Bn | 1.46 Bn | 13.68 Bn |
| 6 | Ultrapar Holdings | 8.35 Bn | 1.76 Bn | 912.61 Mn | -124.47 Mn |
| 7 | Cvr Energy | 6.36 Bn | 3.93 Bn | 117.00 Mn | 52.00 Mn |
| 8 | Delek US Holdings | 4.96 Bn | 2.45 Bn | 365.10 Mn | 3.78 Bn |
| 9 | Icahn Enterprises | 4.49 Bn | -1.27 Bn | - | 3.36 Bn |
| 10 | Par Pacific Holdings | 4.36 Bn | 3.68 Bn | 852.68 Mn | 2.33 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.78 Bn |
| Mar 31, 2026 | 2.83 Bn |
| Dec 31, 2025 | 2.26 Bn |
| Sep 30, 2025 | 2.59 Bn |
| Jun 30, 2025 | 2.80 Bn |
| Mar 31, 2025 | 2.77 Bn |
| Dec 31, 2024 | 2.78 Bn |
| Sep 30, 2024 | 3.16 Bn |
| Jun 30, 2024 | 3.30 Bn |
| Mar 31, 2024 | 3.10 Bn |
| Dec 31, 2023 | 4.09 Bn |
| Sep 30, 2023 | 4.42 Bn |
| Jun 30, 2023 | 4.15 Bn |
| Mar 31, 2023 | 3.78 Bn |
| Dec 31, 2022 | 4.17 Bn |
| Sep 30, 2022 | 5.27 Bn |
| Jun 30, 2022 | 5.49 Bn |
| Mar 31, 2022 | 4.41 Bn |
| Dec 31, 2021 | 3.08 Bn |
| Sep 30, 2021 | 2.92 Bn |
API Access
Delek US Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=DK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "DK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=DK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();