Delek US Holdings Inc. (DK), a diversified downstream energy company, Wednesday reported first-quarter net income of $78 million or $1.28 per share, compared with $46 million or $0.79 per share last year. The growth was mainly due to higher refining margins.
Revenues for the quarter were $2.32 billion, compared with $2.17 billion in the prior year.
Analysts polled by Thomson Reuters estimated earnings of $1.14 per share on revenues of $2.01 billion for the quarter. Analysts' estimates typically exclude special items.
Delek's board declared a quarterly cash dividend of $0.15 per share, up 50 percent increase from the previous dividend. The dividend is payable June 18 to shareholders of record May 28.
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