$DK

The U.S. Department of Energy (DOE) allocated $42 million from a $1 billion Defense Production Act fund for the Constitution Pipeline, a natural gas project from Pennsylvania to New York. The DOE also approved up to $50 million for Appalachian Power's transmission capacity expansion and announced plans to expand a Delek US Holdings refinery. These projects are part of the Trump administration's energy plans and are backed by GOP lawmakers.

Inflation data exceeded expectations, increasing Fed rate hike expectations. Brent crude surged to $110/barrel due to geopolitical disruptions. Vance proposed using wartime authority to expand Delek US Holdings' refinery. Sanders proposed a windfall tax on oil companies. Palihapitiya warned of potential bond-yield shocks affecting AI and other debt-sensitive businesses.

The US plans to collaborate with Delek US Holdings (DK) to expand its Texas refinery, aiming to boost energy investments and lower fuel prices, according to Vice President Vance.

Eight energy stocks, including Delek US Holdings (DK), Marathon Petroleum (MPC), and Phillips 66 (PSX), have earned A+ EPS Revision Quant Grades from Seeking Alpha, indicating strong analyst optimism ahead of Q3 2026 earnings. The list spans refiners, LNG producers, and oilfield services companies.

Wall Street analysts issued upgrades, downgrades, and initiations for several companies. Notable upgrades include Marvell (MRVL) to Buy with a $350 target and NetApp (NTAP) to Outperform with a $300 target. Downgrades include AppFolio (APPF) to Neutral with a $220 target. Initiations include Abbott Laboratories (ABT) with an Overweight rating and $120 target. Major indices closed at record highs, with the S&P 500 at 7,818 and Nasdaq at 27,599.

Freedom Broker initiated coverage on Delek US Holdings (NYSE:DK) with a Hold rating and $86.00 price target, implying 14.1% upside. The stock has risen 141% over the past year. Delek reported Q2 2026 earnings of $5.48 per share on $4.09B revenue, beating estimates. Analysts note potential margin easing and regulatory uncertainties.

Delek US Holdings, Inc. (DK) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Exhibit 99.1 Delek US Holdings, Inc. Announces Proposed Offering of Convertible Senior Notes • Opportunistic capital raise with proceeds used to enhance financial flexibility will include the partial repayment of amounts outstanding under the Term Loan Credit Facility • A portion

Delek US Holdings (DK) priced a $400M zero-coupon convertible senior notes offering due 2031. Proceeds will pay down debt and support general corporate purposes. The stock is up 127.80% year-to-date but down 13.16% in the past week. Analysts view it as 9.5% undervalued at a fair value of $75, though its P/E ratio is higher than sector peers.

Delek US Energy Inc (DK) shares fell 6% after announcing a $400M convertible senior notes offering due 2031. The notes are senior unsecured obligations, convertible under certain conditions, and offered to qualified institutional buyers. The company's refining assets have a combined capacity of 302,000 barrels per day.

US stocks opened lower, with tech leading losses due to Oracle's (ORCL) force majeure notice on a New Mexico data center, affecting Oracle, Bloom Energy (BE), and Blue Owl (OWL). Treasury yields bull steepened, and crude prices rose amid US-Iran tensions. The SNB held rates at 0% and removed intervention language. Specific stock movements include MGM Resorts (MGM), TransUnion (TRU), Viking Therapeutics (VKTX), Knife River (KNF), Delek US Holdings (DK), and Dropbox (DBX).