Why These Energy Stocks Are Losing This Week

7. Delek US Holdings, Inc. (NYSE:DK)

Share Price Decline Between Mar. 27 and Apr. 3: 19.71%

Delek US Holdings, Inc. (NYSE:DK) is a diversified downstream energy company specializing in petroleum refining, asphalt, renewable fuels, and logistics.

The stock of Delek US Holdings, Inc. (NYSE:DK) continues to plunge and hit a 52-week low of $11.51 on April 4 as the company is faced with several challenges, including potential supply disruptions due to an escalating global trade war, competition in its retail fuel business, and reliance on the depleting Permian Basin for crude supply. The massive decline in global oil prices is also set to reduce DK’s margins. Moreover, the share price was also affected after the company reported a net loss of $413.8 million in Q4 2024, resulting in an adjusted loss per share of $2.54. Delek’s revenue of $2.37 billion during the quarter was also down 41.38% YoY and missed market expectations by over $201 million.