Delek US Holdings, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
DK$62.64-3.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
Condensed Consolidated Statements of Income (unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net revenues | $2,764.6 | $3,308.1 | $5,406.5 | $6,436.1 |
| Cost of sales: | ||||
| Cost of materials and other | 2,415.0 | 3,025.5 | 4,814.5 | 5,758.4 |
| Operating expenses (excluding depreciation and amortization presented below) | 209.8 | 185.1 | 420.9 | 398.9 |
| Depreciation and amortization | 87.6 | 80.7 | 182.6 | 167.1 |
| Total cost of sales | 2,712.4 | 3,291.3 | 5,418.0 | 6,324.4 |
| Operating expenses related to wholesale business (excluding depreciation and amortization presented below) | 2.2 | 0.9 | 3.5 | 2.0 |
| General and administrative expenses | 76.6 | 60.2 | 138.1 | 121.2 |
| Depreciation and amortization | 6.5 | 7.7 | 12.8 | 13.0 |
| Asset impairment | — | 22.1 | — | 22.1 |
| Other operating expense (income), net | 0.4 | (78.7) | (6.6) | (80.4) |
| Total operating costs and expenses | 2,798.1 | 3,303.5 | 5,565.8 | 6,402.3 |
| Operating (loss) income | (33.5) | 4.6 | (159.3) | 33.8 |
| Interest expense, net | 85.9 | 77.6 | 170.0 | 165.3 |
| Income from equity method investments | (22.2) | (30.4) | (35.5) | (52.3) |
| Other expense (income), net | 6.2 | — | 4.6 | (0.6) |
| Total non-operating expense, net | 69.9 | 47.2 | 139.1 | 112.4 |
| Loss from continuing operations before income tax benefit | (103.4) | (42.6) | (298.4) | (78.6) |
| Income tax benefit | (14.1) | (8.8) | (50.9) | (16.4) |
| Loss from continuing operations, net of tax | (89.3) | (33.8) | (247.5) | (62.2) |
| Discontinued operations: | ||||
| (Loss) income from discontinued operations | (1.0) | 8.8 | (1.4) | 12.4 |
| Income tax (benefit) expense | (0.2) | 1.1 | (0.3) | 1.5 |
| (Loss) income from discontinued operations, net of tax | (0.8) | 7.7 | (1.1) | 10.9 |
| Net loss | (90.1) | (26.1) | (248.6) | (51.3) |
| Net income attributed to non-controlling interests | 16.3 | 11.1 | 30.5 | 18.5 |
| Net loss attributable to Delek | $(106.4) | $(37.2) | $(279.1) | $(69.8) |
| Basic 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 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) |
| Weighted average common shares outstanding: | ||||
| Basic | 60,506,943 | 64,213,899 | 61,306,915 | 64,117,943 |
| Diluted | 60,506,943 | 64,213,899 | 61,306,915 | 64,117,943 |
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