Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 24

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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ine Months Ended September 30,2025202420252024Net revenues$— $202.4 $— $612.0 Cost of material and other— (164.0)0.5 (498.7)Operating expenses— (30.6)— (80.7)General and administrative expenses1.2 (8.8)— (15.1)Depreciation and amortization— (1.8)— (9.0)Other operating (expense) income, net(1.6)(0.2)(2.3)0.9 Interest (expense) income, net— — — (0.1)Other income, net— — — 0.1 Gain on sale of Retail Stores— 98.4 — 98.4 (Loss) income from discontinued operations before taxes(0.4)95.4 (1.8)107.8 Income tax (benefit) expense(0.1)28.1 (0.4)29.6 (Loss) income  from discontinued operations, net of tax$(0.3)$67.3 $(1.4)$78.2 

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Notes to Condensed Consolidated Financial Statements (unaudited)

5. Earnings (Loss) Per Share

Basic earnings (loss) per share (or "EPS") is computed by dividing net income (loss) by the weighted average common shares outstanding. Diluted earnings (loss) per share is computed by dividing net income (loss), as adjusted for changes to income that would result from the assumed settlement of the dilutive equity instruments included in diluted weighted average common shares outstanding, by the diluted weighted average common shares outstanding. For all periods presented, we have outstanding various equity-based compensation awards that are considered in our diluted EPS calculation (when to do so would be dilutive), and is inclusive of awards disclosed in Note 18 to these condensed consolidated financial statements. For those instruments that are indexed to our common stock, they are generally dilutive when the market price of the underlying indexed share of common stock is in excess of the exercise price.The following table sets forth the computation of basic and diluted earnings per share.(In millions, except share and per share data)Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Numerator:Numerator for EPS - continuing operationsNet income (loss