Delek US Holdings, Inc. DK witnessed a comprehensive earnings miss for the first quarter of 2020. The company posted adjusted net loss per share of $1.74, wider than the Zacks Consensus Estimate of a loss of 98 cents. Moreover, the year-ago income was $1.54 per share. Notably, weak contribution from refining segment hampered results.Quarterly revenues of $1,821 million compared unfavorably with the year-ago sales of $2,200 million. However, the top line surpassed the Zacks Consensus Estimate of $1,260 million owing to solid contributions from the Paline Pipeline, the Lion Pipeline System and the Gathering Assets.Segmental PerformanceRefining: The company reported a negative margin of $290.4 million for this segment against a profit of $301.9 million in the year-ago quarter. Results were hurt by lower crude differential environment.Logistics: This unit represents the company’s 63% interest in Delek Logistics Partners, L.P. DKL, a publicly-traded master limited partnership that owns, operates, develops and acquires pipelines and other midstream assets. Margin from the Logistics unit was $47.3 million, up 18% from $40.1 million in the year-ago period, led by a $3.6-MILLION increase in income from equity method investments as well as improved efforts from the Paline Pipeline, the Lion Pipeline System and the Gathering Assets.Retail: Margin for the unit, formed from the acquisition of Alon USA Energy in 2017, expanded 20.6% to $12.3 million from the year-earlier quarter’s level on the back of higher Retail fuel margin. Delek’s merchandise sales of $71.7 million with average margin of 31.6% compared unfavorably with sales of $75.3 million with average margin of 31% in the prior year. Its retail fuel gallons sale totaled $48 million, the average margin being 31 cents per gallon. This compared unfavorably with $53.9 million sale with average margin of 19 cents in first-quarter 2019.Delek US Holdings Inc Price, Consensus and EPS Surprise Delek US Holdings Inc price-consensus-eps-surprise-chart | Delek US Holdings Inc QuoteFinancialsTotal expenses incurred in the quarter increased 10.4% from the prior-year period to $2,182.7 million.In the reported quarter, Delek spent $190.2 million on capital programs (88.4% on the Refining segment). As of Mar 31, 2020, the company had cash and cash equivalents worth $784.9 million and a long-term debt of $2,185.5 million with total debt to total capital of 59.5%.The company declared a quarterly dividend of 31 cents per share, payable Jun 3, 2020 to its shareholders of record as of May 20.GuidanceIn response to the coronavirus-induced bearish oil environment, Delek is slashing its 2020 capital expenses by $75 million from the prior guidance of $325 millionFurther, the company intends to minimize its overall cost structure by approximately $100 million from the year-ago level. This can be achieved through the ongoing optimization of operating costs and implementation of a freeze on hiring to reduce overhead expenses.Refining throughput for the second quarter is projected to be nearly 80% of utilization.Zacks Rank & Key PicksDelek has a Zacks Rank #4 (Sell).Among other players in the energy sector that already reported earnings, the bottom-line results of Cheniere Energy Inc. LNG and Williams Companies Inc. WMB, both carrying a Zacks Rank #2 (Buy), beat the respective Zacks Consensus Estimate by 204.3% and 4%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Williams Companies Inc The (WMB): Free Stock Analysis Report Cheniere Energy Inc (LNG): Free Stock Analysis Report Delek US Holdings Inc (DK): Free Stock Analysis Report Delek Logistics Partners LP (DKL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research