Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 137

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 137
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 to $30.4 million for the second quarter of 2024, a decrease of $8.2 million. This decrease was primarily driven by the following:

•a decrease in income from our investment in W2W Holdings LLC to $5.9 million during the three months ended June 30, 2025 from $10.6 million in the three months ended June 30, 2024; and

•a decrease in income from our investment in Red River Pipeline Company LLC to $2.8 million during the three months ended June 30, 2025 from $5.5 million in the three months ended June 30, 2024.

YTD 2025 vs. YTD 2024

We recognized income from equity method investments of $35.5 million for the six months ended June 30, 2025, compared to $52.3 million for the six months ended June 30, 2024, a decrease of $16.8 million. This decrease was primarily driven by the following:

•a decrease in income from our investment in W2W Holdings LLC to $11.2 million during the six months ended June 30, 2025 from $20.0 million in the six months ended June 30, 2024; and

•a decrease in income from our investment in Red River Pipeline Company LLC to $5.0 million during the six months ended June 30, 2025 from $10.7 million in the six months ended June 30, 2024.

Other Expense (Income), net

Q2 2025 vs. Q2 2024

Other expense (income), net increase by $6.2 million, or 100.0%, to $6.2 million in the second quarter of 2025 compared to $0.0 million in the second quarter of 2024, primarily driven by the following: 

•an impairment recognized on two investments held at cost within other non-current assets for $8.6 million.

Refer to Note 12 condensed consolidated financial statements in Item 1. Financial Statements, of this Quarterly Report on Form 10-Q for further information.

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Management's Discussion and Analysis

YTD 2025 vs. YTD 2024

Other expense (income), net was $4.6 million of expense in the six months ended June 30, 2025, compared to $0.6 million of income for six months ended June 30