Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 67

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 67
---
 distributing, transporting and storing intermediate and refined products and disposing and recycling water in select regions of the southeastern United States and North Dakota, the Midland Basin in Texas, the Delaware Basin in New Mexico and West Texas for our refining segment and third parties, and sales of wholesale products in the West Texas market.  The operating results and assets acquired in the Gravity Acquisition have been included in the logistics segment beginning on January 2, 2025. The operating results and assets acquired in the H2O Midstream Acquisition have been included in the logistics segment beginning on September 11, 2024. Business Segment Operating PerformanceThe following is a summary of business segment operating performance as measured by EBITDA attributable to Delek for the period indicated (in millions):

13 |

Notes to Condensed Consolidated Financial Statements (unaudited)

 Three Months Ended March 31, 2025(In millions)RefiningLogisticsCorporate,Other and EliminationsConsolidatedNet revenues (excluding intercompany fees and revenues)$2,518.3 $123.6 $— $2,641.9 Inter-segment fees and revenues90.0 126.3 (216.3)— Total revenues$2,608.3 $249.9 $(216.3)$2,641.9 Cost of materials and other2,470.9 129.1 (200.5)2,399.5 Operating Expenses158.1 40.9 13.4 212.4 General and administrative expenses2.1 8.9 50.5 61.5 Income from equity method investments(3.5)(10.2)0.4 (13.3)Other(3.1)(4.3)13.0 5.6 Segment EBITDA attributable to Delek$(16.2)$85.5 $(93.1)$(23.8)Depreciation and amortization71.9 30.9 (1.5)101.3 Interest expense, net36.1 18.6 29.4 84.1 Income tax benefit(36.8)Loss from discontinued operations, net of tax0.3 Net loss attributable to Delek$(172.7)Capital spending (2)$56.2 $71.9 $4.5 $132.6  Three Months Ended March 31, 2024(In