Tranche Update on Delek US Holdings, Inc. (NYSE:DK)'s Equity Buyback Plan announced on January 3, 2017.
January 23, 2018 at 05:27 pm EST
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From October 1, 2017 to December 31, 2017, the company has repurchased 762,623 shares, representing 0.94% for $25 million. With this, the company has completed the repurchase of 762,623 shares, representing 0.94% for $25 million under the buyback announced on January 3, 2017.
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, renewable fuels and convenience store retailing. The Company's segments include Refining, Logistics and Retail. The Refining segment processes crude oil and other feedstocks for the manufacture of transportation motor fuels, including various grades of gasoline, diesel fuel and aviation fuel, asphalt and other petroleum-based products. The Refining segment also owns and operates three biodiesel facilities involved in the production of biodiesel fuels and related activities, located in Crossett, Arkansas, Cleburne, Texas and New Albany, Mississippi. The Logistics segment is engaged in gathering, transporting, offloading and storing crude oil and natural gas; for storing intermediate products and feedstocks, and disposing and recycling water. The Retail segment includes the operations of owned and leased convenience store sites located in West Texas and New Mexico.