Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 198

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 198
---
 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):

 Three Months Ended September 30, 2025RefiningLogisticsTotalNet revenues (excluding intercompany fees and revenues)$2,756.7 $130.3 $2,887.0 Inter-segment fees and revenues85.4 131.0 216.4 Total segment revenues$2,842.1 $261.3 $3,103.4 Elimination of inter-segment revenue(216.4)Total consolidated revenues$2,887.0 Cost of materials and other2,225.4 129.8 Operating expenses159.0 43.8 General and administrative expenses2.9 4.5 Income from equity method investments(9.3)(21.9)Other segment items(3)— 3.1 Segment EBITDA attributable to Delek$464.1 $102.0 $566.1 Reconciling items to consolidated loss before income taxesCorporate expenses, eliminations and other (1)153.5 Depreciation and amortization101.3 Interest expense, net93.1 Income tax expense39.9 Loss from discontinued operations, net of tax0.3 Net income attributable to Delek$178.0 Three Months Ended September 30, 2025RefiningLogisticsCorporate,Other and EliminationsConsolidatedDepreciation and amortization$66.9 $37.9 $(3.5)$101.3 Interest expense, net$50.5 $21.3 $21.3 $93.1 Income from equity method investments$(9.3)$(21.9)$— $(31.2)Capital spending (2)$33.2 $49.7 $7.7 $90.6 

15 |

Notes to Condensed Consolidated Financial Statements (unaudited)

 Three Months Ended September 30, 2024RefiningLogisticsTotalNet revenues (excluding intercompany fees and revenues)$2,852