Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 139

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 139
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2024

Asset impairment was $16.3 million for the three months ended September 30, 2025 compared to $9.2 million for the three months ended September 30, 2024.

•For the  third quarter of 2025, the asset impairment primarily related to an $11.6 million impairment of software development costs.

•For the third quarter of 2024, we recorded a $9.2 million asset impairment because it was no longer probable certain pipeline assets would be utilized. 

Refer to  Note 12 and Note 17 of the condensed consolidated financial statements in Item 1. Financial Statements, of this Quarterly Report on Form 10-Q for further information

YTD 2025 vs. YTD 2024

Asset impairment was $16.3 million for the nine months ended September 30, 2025 compared to  $31.3 million for the nine months ended September 30, 2024. 

•For the nine months ended September 30, 2025, the asset impairment primarily related to an $11.6 million impairment of software development costs.

•For the nine months ended September 30, 2024 we recorded a $22.1 million asset impairment as a result of our second quarter 2024 decision to idle the biodiesel facilities, while exploring viable and sustainable alternatives and we recorded a $9.2 million asset impairment because it was no longer probable certain pipeline assets would be utilized..

Refer to Note 12 and Note 17 of the condensed consolidated financial statements in Item 1. Financial Statements, of this Quarterly Report on Form 10-Q for further information.

Other Operating Expense (Income), Net

Q3 2025 vs. Q3 2024

Other operating expense (income), net decreased by $12.9 million in the third quarter of 2025 to an income of $0.1 million compared to expense of $12.8 million in the third quarter of 2024. During the three months ended September 30, 2024, we made a strategic decision to abandon certain capital projects included in construction in progress that no longer fit our core objectives and as a result we recognized a loss of $14.1 million.

YTD 2025 vs. YTD 2024

Other operating income, net was $6.7 million and $67.6 million for the nine months ended September 30, 2025 and 2024,