Delek Q3 Loss Narrower Than Expected, Revenues Lag Estimates
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Delek reported a narrower-than-expected loss for Q3, but its revenues fell short of estimates. The company projects a total crude throughput of 255,000-269,000 barrels per day and a total throughput of 265,000-276,000 barrels per day for Q4.
November 15, 2024 | 2:15 pm
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Delek's Q3 loss was narrower than expected, but revenues missed estimates. The company forecasts Q4 crude throughput of 255k-269k bpd and total throughput of 265k-276k bpd.
The narrower-than-expected loss is a positive sign, but the revenue miss tempers enthusiasm. The throughput forecast provides guidance for Q4, but does not indicate a clear positive or negative short-term impact on stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100