Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 150

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 150
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 a decrease in sales volume and insurance and third party proceeds received in 2024 related to the fires in 2021 and 2022.

YTD 2025 vs. YTD 2024

EBITDA decreased by $43.5 million, or 35.5% for the six months ended June 30, 2025 compared to the six months ended June 30, 2024, primarily due to a decrease in refining margin driven by decreased crack spreads, decreased sales volumes, and insurance and third party proceeds received in 2024 related to the fires in 2021 and 2022.

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Management's Discussion and Analysis

Logistics Segment

The table below sets forth certain information concerning our logistics segment operations ($ in millions, except per barrel amounts):

Selected Logistics Financial and Operating InformationThree Months Ended June 30,Six Months Ended June 30,2025202420252024Revenues$246.4 $264.6 $496.3 $516.7 Cost of materials and other$119.3 $138.1 $248.4 $261.8 Operating expenses (excluding depreciation and amortization)$38.2 $29.6 $79.1 $61.5 EBITDA$90.1 $100.6 $175.6 $200.3 Operating Information:Gathering & Processing: (average bpd)Lion Pipeline System:Crude pipelines (non-gathered)71,220 73,320 66,580 73,166 Refined products pipelines53,597 60,575 54,797 61,904 SALA Gathering System9,983 13,02410,151 13,005East Texas Crude Logistics System33,101 23,25930,027 21,481Midland Gathering Assets207,183 206,933209,059 210,196Plains Connection System158,881 210,033 169,004 233,438 Delaware Gathering Assets:Natural gas gathering and processing (Mcfd) (1)60,940 76,237 60,378 76,280 Crude oil gathering (average bpd)137,167 123,927 129,737 123,718 Water disposal and recycling (average bpd)116,504 116,499 122,468 122,881 Midland Water Gathering System: Water