Delek US Holdings, Inc. (NYSE:DK) Q2 2023 Earnings Conference Call August 7, 2023 11:00 AM ET
Company Participants
Rosy Zuklic - VP, IR
Avigal Soreq - President and CEO
Joseph Israel - EVP, Operations
Mark Hobbs - EVP, Corporate Development
Reuven Spiegel - EVP and CFO
Conference Call Participants
Manav Gupta - UBS
Matthew Blair - Tudor, Pickering, Holt
Nicolette Slusser - Goldman Sachs
Doug Leggate - Bank of America
Ryan Todd - Piper Sandler
Roger Read - Wells Fargo
Paul Cheng - Scotiabank
Jason Gabelman - Cowen
Operator
Good morning and welcome to the Delek US Holdings Second Quarter earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please also note this event is being recorded.
I would now like to turn the conference over to Rosy Zuklic, Vice President of Investor Relations. Please go ahead.
Rosy Zuklic
Good morning and welcome to the Delek US second quarter earnings conference call. Participants on today's call will include Avigal Soreq, President and CEO; Joseph Israel, EVP, Operations; Reuven Spiegel, EVP and Chief Financial Officer; Mark Hobbs, EVP, Corporate Development.
Today's presentation material can be found on the Investor Relations section of the Delek US website. Slide 2 contains our safe harbor statement regarding forward-looking statements. We'll be making forward-looking statements during today's call. These statements risk involve risks and uncertainties that may cause actual results to differ materially from today's comments. Factors that could cause actual results to differ are included here as well as in our SEC filings. The company assumes no obligation to update any forward-looking statements.
I will now turn the call over to Avigal for opening remarks.
Avigal Soreq
Good morning and thank you for joining us today. During the second quarter, we delivered solid financial results. Our team executed well and stayed focused on our key objectives. We continue to do what we said we would do. We kept our commitment to return value to shareholders. We target a dividend that is competitive and sustainable.
Given the market outlook, our share buyback program give us the ability to further reward our investors in the near and mid-term. Year-to-date, we have returned $95 million through dividend and share buybacks. Since June of last year to the end of this week, we have returned close to $275 million to investors. We also recognize there is a value in a strong balance sheet and financial flexibility.