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.


(In millions, except share and per share data)	Three Months Ended March 31,
		2025		2024
Numerator:
Numerator for EPS - continuing operations
Net loss from continuing operations		$	(158.2)	$	(28.4)

Less: Income from continuing operations attributed to non-controlling interests		14.2		7.4


Numerator for basic and diluted EPS from continuing operations attributable to Delek		$	(172.4)	$	(35.8)

Numerator for EPS - discontinued operations
(Loss) income from discontinued operations, including gain on sale of discontinued operations		$	(0.4)	$	3.6
Less: Income tax (benefit) expense		(0.1)		0.4


(Loss) income from discontinued operations, net of tax		$	(0.3)	$	3.2

Denominator:
Weighted average common shares outstanding (denominator for basic EPS)		62,115,776		64,021,988


Dilutive effect of stock-based awards		—		—
Weighted average common shares outstanding, assuming dilution (denominator for diluted EPS)		62,115,776		64,021,988

EPS:
Basic loss per share:
Loss from continuing operations		$	(2.78)	$	(0.56)
Income from discontinued operations		—		0.05
Total basic loss per share		$	(2.78)	$	(0.51)
Diluted loss per share:
Loss from continuing operations		$	(2.78)	$	(0.56)
Income from discontinued operations		—		0.05
Total diluted loss per share		$	(2.78)	$	(0.51)

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)		2,823,263		829,292
Antidilutive due to loss		214,789		550,254
Total antidilutive stock-based compensation		3,038,052		1,379,546