Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 72

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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.3 Segment EBITDA attributable to Delek$185.2 $117.9 $254.5 $322.7 Corporate expenses, eliminations and other124.9 5.6 218.0 74.4 Interest expense, net85.9 77.6 170.0 165.3 Income tax benefit(14.1)(8.8)(50.9)(16.4)Depreciation and amortization94.1 88.4 195.4 180.1 (Income) loss from discontinued operations, net of tax0.8 (7.7)1.1 (10.9)Net loss attributable to Delek$(106.4)$(37.2)$(279.1)$(69.8)

The following table provides a reconciliation of refining margin to the most directly comparable U.S. GAAP measure, gross margin:

Reconciliation of refining margin to gross margin (in millions)

Refining Segment Three Months Ended June 30,Six Months Ended June 30,2025202320252024Total revenues$2,716.8 $3,307.2 $5,325.1 $6,415.5 Cost of sales2,695.5 3,356.4 5,396.4 6,423.5 Gross margin$21.3 $(49.2)$(71.3)$(8.0)Add back (items included in cost of sales): Operating expenses (excluding depreciation and amortization)150.5 148.6 308.6 314.4 Depreciation and amortization66.5 57.4 138.4 118.8 Refining margin$238.3 $156.8 $375.7 $425.2 

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Management's Discussion and Analysis

Summary Financial and Other Information

The following table provides summary financial data for Delek (in millions):

Summary Statement of Operations Data (1)Three Months Ended June 30,Six Months Ended June 30,2025202420252024Net revenues$2,764.6 $3,308.1 $5,406.5 $6,436.1 Cost of sales: Cost of materials and other2,415.0 3,025.5 4,814.5 5,758.4 Operating