Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 267

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 267
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 take physical or financial commodity positions for crude oil that may not be used immediately in production, but that may be used to manage the overall supply and availability of crude expected to ultimately be needed for production and/or to meet minimum requirements under strategic pipeline arrangements, and also to optimize and hedge availability risks associated with crude that we ultimately expect to use in production. Such transactions are inherently based on certain assumptions and judgments made about the current and possible future availability of crude. Therefore, when we take physical or financial positions for optimization purposes, our intent is generally to take offsetting positions in quantities and at prices that will advance these objectives while minimizing our positional and financial statement risk. However, because of the volatility of the market in terms of pricing and availability, it is possible that we may have material positions with timing differences or, more rarely, that we are unable to cover a position with an offsetting position as intended. Such differences could have a material impact on the classification of resulting gains/losses, assets or liabilities, and could also significantly impact Refining EBITDA. 

Refinery StatisticsThree Months Ended September 30,Nine Months Ended September 30,2025202420252024Total Refining SegmentDays in period92 92 273 274 Total sales volume - refined product (average bpd) (1)317,587 309,175 309,329 312,075 Total production (average bpd)309,739 303,882 302,291 302,858 Crude oil303,811 295,350 293,724 291,042 Other feedstocks10,350 12,245 12,931 15,727 Total throughput (average bpd):314,161 307,595 306,655 306,769 Crude Slate: (% based on amount received in period)WTI crude oil77.2 %69.4 %73.9 %70.9 %Gulf Coast Sweet Crude5.0 %8.8 %6.7 %7.5 %Local Arkansas crude oil3.1 %3.2 %3.4 %3.3 %Other14.7 %18.6 %16.0 %18.3 %Crude utilization (% based on nameplate capacity)100.6 %97.8 %97.3 %96.4 %

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Management's Discussion and Analysis

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