Delek Group (DK) saw its Q3 net income drop despite a 24% Y/Y rise in revenue, due to a...

|About: Delek US Holdings, Inc. (DK)|By:, SA News Editor

Delek Group (DK) saw its Q3 net income drop despite a 24% Y/Y rise in revenue, due to a "significant decline" in natural gas output mostly from depletion of the Mari B well at the Noble-operated (NE) Yam Tethys field off Israel. The Tamar field, with estimated reserves of 9.7T cubic ft., remains on track for start-up in H2 2013.