Company: DK
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001694426-25-000112
Chunk: 207

Company: Delek US Holdings, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 207
---
ies. We have elected to offset the recognized fair value amounts for multiple derivative instruments executed with the same counterparty in our financial statements. As a result, the asset and liability amounts below differ from the amounts presented in our condensed consolidated balance sheets. See Note 12 for further information regarding the fair value of derivative instruments (in millions).June 30, 2025December 31, 2024Derivative TypeBalance Sheet LocationAssetsLiabilitiesAssetsLiabilitiesDerivatives not designated as hedging instruments:Commodity derivatives (1)Other current assets$25.0 $(32.3)$19.5 $(22.0)Commodity derivatives (1)Other current liabilities— — 5.4 (5.4)RINs commitment contracts (2)Other current assets3.7 — 0.3 — RINs commitment contracts (2)Other current liabilities— (2.5)— (5.6)Interest rate swap derivativesOther current assets3.0 — 3.5 — Interest rate swap derivativesOther long-term liabilities— (5.0)4.8 (5.1)Total gross fair value of derivatives31.7 (39.8)33.5 (38.1)Less: Counterparty netting and cash collateral (3)23.3 (32.3)19.9 (27.4)Total net fair value of derivatives$8.4 $(7.5)$13.6 $(10.7)(1)As of June 30, 2025, and December 31, 2024, we had open derivative positions representing 14,949,800 and 18,471,700 barrels, respectively, of crude oil and refined petroleum products.  Additionally, as of June 30, 2025, we had no open derivative positions representing natural gas products. We had 1,495,000 open derivative positions of natural gas products as of December 31, 2024.(2)As of June 30, 2025, and December 31, 2024, we had open RINs commitment contracts representing 96,562,300 and 36,000,000 RINs, respectively. (3)As of June 30, 2025, and December 31, 2024, $9.0 million and $7.5 million, respectively, of cash collateral held