Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 164

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 164
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 The refining segment includes the following:•Tyler, Texas refinery (the "Tyler refinery");•El Dorado, Arkansas refinery (the "El Dorado refinery");•Big Spring, Texas refinery (the "Big Spring refinery"); and•Krotz Springs, Louisiana refinery (the "Krotz Springs refinery").The refining segment also owns three biodiesel facilities, located in Crossett, Arkansas, Cleburne, Texas and New Albany, Mississippi.  During the second quarter of 2024, we made the decision to idle the biodiesel facilities, while exploring viable and sustainable alternatives.  In addition, the refining segment includes our wholesale crude operations and our 50% interest in a joint venture that owns asphalt terminals located in the southwestern region of the U.S.The refining segment's petroleum-based products are marketed primarily in the south central and southwestern regions of the United States. This segment also ships and sells gasoline into wholesale markets in the southern and eastern United States. In addition, the segment sells motor fuels through its wholesale distribution network on an unbranded basis. Logistics SegmentOur logistics segment owns and operates crude oil, refined products and natural gas logistics and marketing assets as well as water disposal and recycling assets. The logistics segment generates revenue by charging fees for gathering, transporting and storing crude oil and natural gas, marketing, distributing, transporting and storing intermediate and refined products and disposing and recycling water in select regions of the southeastern United States and North Dakota, the Midland Basin in Texas, the Delaware Basin in New Mexico and West Texas for our refining segment and third parties, and sales of wholesale products in the West Texas market.  The operating results and 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):

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Notes to Condensed Consolidated Financial Statements (unaudited)

 Three Months Ended March 31, 2025(In millions)RefiningLogisticsCorporate,Other and EliminationsConsolidatedNet revenues (excluding intercompany fees and revenues)$2,518.3 $123.6 $— $2,641.9 Inter-segment fees and revenues90.0 126.3 (216.3)— Total