Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 196

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 196
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 Pipeline Company LLC (“Red River”), which owns and operates a crude oil pipeline running from Cushing, Oklahoma to Longview, Texas. As of June 30, 2025, and December 31, 2024, Delek's investment balance in Red River totaled $133.2 million and $136.5 million, respectively. 

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Notes to Condensed Consolidated Financial Statements (unaudited)

In addition, Delek Logistics has two other pipeline joint ventures in which it owns a 50% membership interest in the entity formed with an affiliate of Plains All American Pipeline, L.P. to operate one of these pipeline systems and a 33% membership interest in Andeavor Logistics Rio Pipeline LLC which operates the other pipeline system. As of June 30, 2025, and December 31, 2024, Delek Logistics' investment balance in these joint ventures was $91.8 million and $94.6 million, respectively.Other Investments

In addition to our pipeline joint ventures, we also have a 50% interest in a joint venture that owns asphalt terminals located in the southwestern region of the U.S., as well as a 50% interest in a joint venture that owns, operates and maintains a terminal consisting of an ethanol unit train facility with an ethanol tank in Arkansas.  As of June 30, 2025, and December 31, 2024, Delek's investment balance in these joint ventures was $89.1 million and $75.7 million, respectively. These investments are included in Refining in our segment disclosure. 

8. Inventory

Crude oil feedstocks, refined products, blendstocks and asphalt inventory for all of our operations are stated at the lower of cost determined using the first-in, first-out ("FIFO") basisor net realizable value. The following table presents the components of inventory for each period presented (in millions):Titled InventoryInventory Intermediation Agreement (1)TotalJune 30, 2025Feedstocks, raw materials and supplies$245.6 $132.7 $378.3 Refined products and blendstock245.0 237.6 482.6 Total$490.6 $370.3 $860.9 December 31, 2024Feedstocks, raw materials and supplies$246.5 $131.5 $378.0 Refined products and blendstock243.4 271.8 515.2 Total$