dk

(NYSE: DK)

Industry: Exploration & Production
On the web: http://www.mapcoexpress.com
Employees: 3,692

Delek US Holdings, Inc. is a Delaware corporation formed in connection with its acquisition in May 2001 of 198 retail fuel and convenience stores from a subsidiary of the Williams Companies. On May 9, 2006, it completed its initial public offering. It operates as a holding company. It is engaged in energy business focused on petroleum refining, wholesale sales of refined products and retail marketing. The Company’s business consists of three operating segments: refining, marketing and retail. The Company’s refining segment operates a high conversion, moderate complexity independent refinery with a design crude distillation capacity of 60,000 bpd, along with an associated crude oil pipeline and light products loading facilities. The refinery is located in Tyler, Texas, and is the only supplier of a full range of refined petroleum products within a radius of approximately 100 miles. The marketing segment sells refined products on a wholesale basis in west Texas through company-owned and third party operated terminals. The marketing segment engages in the transportation of petroleum products through pipelines and company-owned truck loading terminals in Abilene and San Angelo, Texas direct sales of petroleum products to third parties through truck racks in San Angelo, Abilene, Aledo, Odessa and Big Springs, Texas and other terminals throughout the Magellan Orion pipeline system supplying product to exchange partners at the Abilene, San Angelo and Aledo, Texas terminals marketing services provided to its Tyler refinery for both wholesale marketing and contract sales supplying ethanol to Express for blending with conventional gasoline using its newly constructed 30,000 barrel tanks located at a third-party owned terminal in Nashville, Tennessee and a margin-sharing arrangement with its Tyler refinery of 50% of wholesale margins above a contractually defined threshold. The Company’s retail segment markets gasoline, diesel, other refined petroleum products and convenience merchandise through a network of 482 company-operated retail fuel and convenience stores located in Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, Tennessee and Virginia. Of these 482 locations, the 24 stores located in Virginia are currently classified as held for sale for accounting purposes. It operates retail fuel and convenience stores, which are located in Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, Tennessee and Virginia, mainly under the MAPCO Express®, MAPCO Mart®, Discount Food Mart™, Fast Food and Fueltm, East Coast® and Favorite Markets® brands. The retail fuel and convenience store business is highly competitive. It owns the following trademark registrations issued by the United States Patent and Trademark Office: MAPCO®, MAPCO MART®, MAPCO EXPRESS & Design®, EAST COAST®, GRILLE MARX® CAFÉ EXPRESS FINEST COFFEE IN TOWN MAPCO & Design®, GUARANTEED RIGHT! MAPCO EXPRESS & Design®, FAST FOOD AND FUELtm, FLEET ADVANTAGE® and DELTA EXPRESS®. It competes on a store-by-store basis with other independent convenience store chains, independent owner-operators, major petroleum companies, supermarkets, drug stores, discount stores, club stores, mass merchants, fast food operations and other retail outlets. The Company is subject to various federal, state and local environmental laws.

Symbol, deka-.