Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 192

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 192
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Total basic loss per share$(1.76)$(0.58)$(4.55)$(1.09)Diluted loss per share:Loss from continuing operations$(1.75)$(0.70)$(4.53)$(1.26)(Loss) income from discontinued operations(0.01)0.12 (0.02)0.17 Total diluted loss per share$(1.76)$(0.58)$(4.55)$(1.09)The following equity instruments were excluded from the diluted weighted average common shares outstanding because their effect would be anti-dilutive:Antidilutive stock-based compensation (because average share price is less than exercise price)2,446,267 1,397,499 2,384,652 1,250,217 Antidilutive due to loss507,043 664,225 471,261 660,263 Total antidilutive stock-based compensation2,953,310 2,061,724 2,855,913 1,910,480 

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Notes to Condensed Consolidated Financial Statements (unaudited)

6.  Delek Logistics

Delek Logistics is a publicly traded limited partnership formed by Delek in 2012 that owns and operates crude oil, refined products and natural gas logistics and marketing assets as well as water disposal and recycling assets. A substantial majority of Delek Logistics' assets are integral to Delek’s refining and marketing operations. As of June 30, 2025, we owned a 63.3% interest in Delek Logistics, consisting of 33,868,203 common limited partner units and the non-economic general partner interest. The limited partner interests in Delek Logistics not owned by us are reflected in net income attributable to non-controlling interest in the accompanying condensed consolidated statements of income and in non-controlling interest in subsidiaries in the accompanying condensed consolidated balance sheets. AcquisitionOn January 2, 2025, Delek Logistics completed the Gravity Acquisition in which it acquired water disposal and recycling operations in the Permian Basin and the Bakken for total consideration of $300.8 million, subject to customary adjustments for net working capital. See Note 2 - Acquisitions for additional information.Delek Permian Gathering DropdownOn May 1, 2025, we transferred the Delek Permian Gathering purchasing and blending activities to Delek Logistics. In connection with the DPG Dropdown, Delek Logistics will assume all of