Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 211

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 211
---
ization6.3 5.3 Other operating income, net(7.0)(1.7)Total operating costs and expenses2,767.7 3,098.8 Operating (loss) income(125.8)29.2 Interest expense, net84.1 87.7 Income from equity method investments(13.3)(21.9)Other income, net(1.6)(0.6)Total non-operating expenses, net69.2 65.2 Loss from continuing operations before income tax benefit(195.0)(36.0)Income tax benefit(36.8)(7.6)Loss from continuing operations, net of tax(158.2)(28.4)Discontinued operations:(Loss) income from discontinued operations(0.4)3.6 Income tax (benefit) expense(0.1)0.4 (Loss) income from discontinued operations, net of tax(0.3)3.2 Net loss(158.5)(25.2)Net income attributed to non-controlling interests14.2 7.4 Net loss attributable to Delek$(172.7)$(32.6)

(1) This information is presented at a summary level for your reference. See the Condensed Consolidated Statements of Income in Item 1. to this Quarterly Report on Form 10-Q for more detail regarding our results of operations and net income per share.

We report operating results in two reportable segments:

•Refining

•Logistics                                                                       

Decisions concerning the allocation of resources and assessment of operating performance are made based on this segmentation. Management measures the operating performance of each of its reportable segments based on the segment EBITDA.    

43 |

Management's Discussion and Analysis

Results of Operations 

Consolidated Results of Operations — Comparison of the Three Months Ended March 31, 2025 versus the Three Months Ended March 31, 2024

Net Loss

Consolidated net loss for the three months ended March 31, 2025 was $158.5 million compared to a net loss of $25.2 million for the three months ended March 31, 2024. Consolidated net loss attributable to Delek for the three months ended March 31, 2025 was $172.7 million, or $(2.78) per basic share, compared to a loss of $32.6 million, or $(0.51