Delek US Holdings, Inc. (NYSE:DK) Q3 2022 Earnings Conference Call November 7, 2022 10:30 AM ET
Company Participants
Blake Fernandez - SVP, IR & Market Intelligence
Avigal Soreq - President, CEO & Director
Reuven Spiegel - EVP & CFO
Todd O'Malley - EVP & COO
Conference Call Participants
Roger Read - Wells Fargo Securities
Matthew Blair - Tudor, Pickering, Holt & Co.
Ryan Todd - Piper Sandler & Co.
Carly Davenport - Goldman Sachs
Kalei Akamine - Bank of America Merrill Lynch
Daniel Kutz - Morgan Stanley
John Royall - JPMorgan Chase & Co.
Jason Gabelman - Cowen and Company
Paul Cheng - Scotiabank
Operator
Good morning, and welcome to the Delek US Third Quarter 2022 Earnings Conference Call. [Operator Instructions].
I would now like to turn the conference over to Blake Fernandez. Please go ahead.
Blake Fernandez
Good morning. I would like to thank everyone for joining us on today's conference call and webcast to discuss Delek US Holdings' third quarter '22 financial results. Joining me on today's call is Avigal Soreq, President and CEO; Reuven Spiegel, CFO; Todd O'Malley, EVP and COO as well as other members of our management team.
The presentation materials used during today's call can be found on the Investor Relations section of the U.S. website. As a reminder, this conference call may contain forward-looking statements as that term is defined under federal securities laws. Please see Slide 2 for our safe harbor statement.
In addition to reporting financial results in accordance with generally accepted accounting principles or GAAP, we report certain non-GAAP financial results. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to the comparable GAAP results, which can be found in the press release posted on the Investor Relations section of our website. Our prepared remarks are being made assuming that the earnings release has been reviewed as we are covering less segment and market information that is incorporated into the press release.
On today's call, we'll begin with comments from our Avigal. Then Reuven will review financial performance and capitalization. Todd will cover guidance and CapEx and then we'll turn it over to Q&A.
With that, I'll turn the call over to Avigal.
Avigal Soreq
Thanks, Blake, and good morning. We had another quarter of strong operational performance due to consecutive quarters of record refinery utilization and solid results, excluding inventory -- movement. Additionally, the outlook for downstream energy industry is positive. I'm proud of the team execution and the focus on safety and reliability.