Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 19

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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, 2025. The operating results and assets acquired in the H2O Midstream Acquisition have been included in the logistics segment beginning on September 11, 2024. 

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Notes to Condensed Consolidated Financial Statements (unaudited)

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 June 30, 2025RefiningLogisticsTotalNet revenues (excluding intercompany fees and revenues)$2,632.3 $132.3 $2,764.6 Inter-segment fees and revenues (1)84.5 114.1 198.6 Total segment revenues$2,716.8 $246.4 $2,963.2 Elimination of inter-segment revenue(198.6)Total consolidated revenues$2,764.6 Cost of materials and other2,478.5 119.3 Operating expenses150.5 38.2 General and administrative expenses4.7 8.9 Income from equity method investments(11.7)(10.5)Other(0.3)0.4 Segment EBITDA attributable to Delek$95.1 $90.1 $185.2 Reconciling items to consolidated loss before income taxesCorporate expenses, eliminations and other (2)124.9 Depreciation and amortization94.1 Interest expense, net85.9 Income tax benefit(14.1)Loss from discontinued operations, net of tax0.8 Net loss attributable to Delek$(106.4)Three Months Ended June 30, 2025RefiningLogisticsCorporate,Other and EliminationsConsolidatedDepreciation and amortization$66.5 $30.2 $(2.6)$94.1 Interest expense, net$43.0 $18.1 $24.8 $85.9 Income from equity method investments$(11.7)$(10.5)$— $(22.2)Capital spending (3)$40.3 $119.2 $4.5 $164.0 

15 |

Notes to Condensed Consolidated Financial Statements (unaudited)

 Three Months Ended June 30, 2024RefiningLogisticsTotalNet revenues (excluding intercompany fees and revenues)$3,