Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 208

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 208
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 by counterparties has been netted with the derivatives with each counterparty. Total gains (losses) on our non-trading commodity derivatives and RINs commitment contracts recorded in the condensed consolidated statements of income are as follows (in millions) (3):Three Months Ended June 30,Six Months Ended June 30,2025202420252024(Losses) gains on hedging derivatives not designated as hedging instruments recognized in cost of materials and other (1)$(3.3)$(7.5)$12.0 $(29.2)Losses on interest rate derivatives not designated as hedging instruments recognized in interest expense, net (2)(0.6)— (2.9)— Total (losses) gains$(3.9)(7.5)$9.1 $(29.2)(1) (Losses) gains on commodity derivatives that are economic hedges but not designated as hedging instruments include unrealized (losses) of $(6.3) million and $(4.7) million for the  three and six months ended June 30, 2025, respectively, and  $(0.2) million and $(9.2) million for the three and  six months ended June 30, 2024, respectively.(2) Losses on interest rate derivatives that are economic hedges but not designated as hedging instruments include unrealized losses of $(1.8) million and $(5.2) million for the three and six June 30, 2025, respectively. There were no unrealized gains (losses) on interest rate derivatives that are economic hedges but not designated as hedging instruments for the three and six June 30, 2024.(3)    See the separate table below for disclosures about "trading derivatives".

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Notes to Condensed Consolidated Financial Statements (unaudited)

Total gains (losses) on our trading derivatives (none of which were designated as hedging instruments) recorded in other operating income, net on the condensed consolidated statements of income are as follows (in millions): Three Months Ended June 30,Six Months Ended June 30,2025202420252024Trading Physical Forward Contract Commodity DerivativesRealized gains (losses)$— $0.1 $— $(0.1)Unrealized gains (losses)— — — — Total$— $0.1 $—