Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 252

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 252
---
 physical or financial commodity positions for crude oil that may not be used immediately in production, but that may be used to manage the overall supply and availability of crude expected to ultimately be needed for production and/or to meet minimum requirements under strategic pipeline arrangements, and also to optimize and hedge availability risks associated with crude that we ultimately expect to use in production. Such transactions are inherently based on certain assumptions and judgments made about the current and possible future availability of crude. Therefore, when we take physical or financial positions for optimization purposes, our intent is generally to take offsetting positions in quantities and at prices that will advance these objectives while minimizing our positional and financial statement risk. However, because of the volatility of the market in terms of pricing and availability, it is possible that we may have material positions with timing differences or, more rarely, that we are unable to cover a position with an offsetting position as intended. Such differences could have a material impact on the classification of resulting gains/losses, assets or liabilities, and could also significantly impact Refining EBITDA. 

Refinery StatisticsThree Months Ended June 30,Six Months Ended June 30,2025202420252024Total Refining SegmentDays in period91 91 181 182 Total sales volume - refined product (average bpd) (1)315,259 320,514 305,132 313,541 Total production (average bpd)311,298 311,957 298,505 302,340 Crude oil304,831 303,177 288,597 288,865 Other feedstocks11,494 12,877 14,241 17,487 Total throughput (average bpd):316,325 316,054 302,838 306,352 Crude Slate: (% based on amount received in period)WTI crude oil77.5 %72.0 %72.2 %71.7 %Gulf Coast Sweet Crude6.5 %7.5 %7.5 %6.9 %Local Arkansas crude oil3.3 %3.2 %3.5 %3.3 %Other12.7 %17.3 %16.8 %18.1 %Crude utilization (% based on nameplate capacity)100.9 %100.4 %95.6 %95.7 %

56 |

Management's Discussion and Analysis

Refinery