v3.26.1
Segment Data
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Data Segment Datae aggregate our operating units into two reportable segments: Refining and Logistics. Operations that are not specifically included in the reportable segments are included in Corporate, Other and Eliminations, which consist of the following:
•our corporate activities;
•results of certain immaterial operating segments; and
•intercompany eliminations.
On May 1, 2025, we transferred the Delek Permian Gathering ("DPG") purchasing and blending activities to Delek Logistics (the "DPG Dropdown”). The operating results of DPG are now reported in our Logistics segment, while previously recorded in the Refining segment.
The disaggregated financial results for the reportable segments have been prepared using a management approach, which is consistent with the basis and manner in which management internally disaggregates financial information for the purposes of assisting internal operating decisions. The Chief Operating Decision Maker ("CODM") evaluates performance based upon segment EBITDA attributable to Delek. We define EBITDA attributable to Delek for any period as net income (loss) attributable to Delek plus interest expense, income tax expense (benefit), depreciation, amortization, and proportional interest, taxes, depreciation and amortization of equity method investments. Segment EBITDA should not be considered a substitute for results prepared in accordance with U.S. GAAP and should not be considered an alternative to net income (loss), which is the most directly comparable financial measure to EBITDA that is in accordance with U.S. GAAP. Segment EBITDA, as determined and measured by us, should also not be compared to similarly titled measures reported by other companies.
Assets by segment are not a measure used to assess the performance of the Company by the CODM and thus are not disclosed.
Refining Segment
The refining segment processes crude oil and other feedstocks for the manufacture of transportation motor fuels, including various grades of gasoline, diesel fuel and aviation fuel, asphalt and other petroleum-based products that are distributed through owned and third-party product terminals. The refining segment includes the following:
•Tyler, Texas refinery (the "Tyler refinery");
•El Dorado, Arkansas refinery (the "El Dorado refinery");
•Big Spring, Texas refinery (the "Big Spring refinery"); and
•Krotz Springs, Louisiana refinery (the "Krotz Springs refinery").
In addition, the refining segment includes our wholesale crude operations and our 50% interest in a joint venture that owns asphalt terminals located in the southwestern region of the U.S.
The refining segment's petroleum-based products are marketed primarily in the south central and southwestern regions of the United States. This segment also ships and sells gasoline into wholesale markets in the southern and eastern United States. In addition, the segment sells motor fuels through its wholesale distribution network on an unbranded basis.
Logistics Segment
Our logistics segment owns and operates crude oil, refined products and natural gas logistics and marketing assets as well as water disposal and recycling assets. The logistics segment generates revenue by charging fees for gathering, transporting and storing crude oil and natural gas, marketing, distributing, transporting and storing intermediate and refined products and disposing and recycling water in select regions of the southern United States and North Dakota, the Midland Basin in Texas, the Delaware Basin in New Mexico and West Texas for our refining segment and third parties, and sales of wholesale products in the West Texas market. The operating results and assets acquired in the Gravity Acquisition have been included in the logistics segment beginning on January 2, 2025.

Business Segment Operating Performance
The following is a summary of business segment operating performance as measured by EBITDA attributable to Delek for the period indicated (in millions):
Three Months Ended June 30, 2026
RefiningLogisticsTotal
Net revenues (excluding intercompany fees and revenues)$3,907.1 $179.9 $4,087.0 
Inter-segment fees and revenues148.9 204.8 353.7 
Total segment revenues$4,056.0 $384.7 $4,440.7 
Elimination of inter-segment revenue(353.7)
Total consolidated revenues$4,087.0 
Cost of materials and other3,348.5 239.0 
Operating expenses156.1 43.4 
General and administrative expenses2.8 3.2 
Proportional EBITDA of equity-method investments(5.8)(20.7)
Other segment items(3)
(1.6)(0.2)
Segment EBITDA attributable to Delek$556.0 $120.0 $676.0 
Reconciling items to net income (loss) attributable to Delek
Corporate expenses, eliminations and other (1)
242.1 
Proportional interest, taxes, depreciation and amortization of equity-method investments6.8 
Depreciation and amortization115.7 
Interest expense, net100.1 
Income tax expense (benefit)41.8 
Net income (loss) attributable to Delek$169.5 
Three Months Ended June 30, 2026
RefiningLogisticsCorporate,
Other and Eliminations		Consolidated
Depreciation and amortization$76.6 $40.2 $(1.1)$115.7 
Interest expense, net$35.3 $47.6 $17.2 $100.1 
Income from equity method investments$(5.2)$(14.5)$— $(19.7)
Capital spending (2)
$54.3 $60.9 $10.3 $125.5 
Three Months Ended June 30, 2025
RefiningLogisticsTotal
Net revenues (excluding intercompany fees and revenues)$2,632.3 $132.3 $2,764.6 
Inter-segment fees and revenues84.5 114.1 198.6 
Total segment revenues$2,716.8 $246.4 $2,963.2 
Elimination of inter-segment revenue(198.6)
Total consolidated revenues$2,764.6 
Cost of materials and other2,478.5 119.3 
Operating expenses150.5 38.2 
General and administrative expenses4.7 8.9 
Proportional EBITDA of equity-method investments(12.9)(17.0)
Other segment items(3)
(0.3)0.4 
Segment EBITDA attributable to Delek$96.3 $96.6 $192.9 
Reconciling items to net income (loss) attributable to Delek
Corporate expenses, eliminations and other (1)
125.7 
Proportional interest, taxes, depreciation and amortization of equity-method investments7.7 
Depreciation and amortization94.1 
Interest expense, net85.9 
Income tax expense (benefit)(14.1)
Net income (loss) attributable to Delek$(106.4)
Three Months Ended June 30, 2025
RefiningLogisticsCorporate,
Other and Eliminations		Consolidated
Depreciation and amortization$66.5 $30.2 $(2.6)$94.1 
Interest expense, net$43.0 $18.1 $24.8 $85.9 
Income from equity method investments$(11.7)$(10.5)$— $(22.2)
Capital spending (2)
$40.3 $119.2 $4.5 $164.0 
Six Months Ended June 30, 2026
RefiningLogisticsTotal
Net revenues (excluding intercompany fees and revenues)$6,429.4 $310.7 $6,740.1 
Inter-segment fees and revenues257.1 371.5 628.6 
Total segment revenues$6,686.5 $682.2 $7,368.7 
Elimination of inter-segment revenue(628.6)
Total consolidated revenues$6,740.1 
Cost of materials and other5,750.3 407.6 
Operating expenses306.3 90.4 
General and administrative expenses6.4 7.5 
Proportional EBITDA of equity-method investments(9.4)(39.0)
Other segment items(3)
(2.3)0.8 
Segment EBITDA attributable to Delek$635.2 $214.9 $850.1 
Reconciling items to net income (loss) attributable to Delek
Corporate expenses, eliminations and other (1)
480.6 
Proportional interest, taxes, depreciation and amortization of equity-method investments14.1 
Depreciation and amortization219.0 
Interest expense, net184.6 
Income tax expense (benefit)(16.4)
Net income (loss) attributable to Delek$(31.8)
Six Months Ended June 30, 2026
RefiningLogisticsCorporate,
Other and Eliminations		Consolidated
Depreciation and amortization$141.9 $79.7 $(2.6)$219.0 
Interest expense, net$84.3 $66.9 $33.4 $184.6 
Income from equity method investments$(8.2)$(26.1)$— $(34.3)
Capital spending (2)
$226.2 $110.7 $20.1 $357.0 
Six Months Ended June 30, 2025
RefiningLogisticsTotal
Net revenues (excluding intercompany fees and revenues)$5,150.6 $255.9 $5,406.5 
Inter-segment fees and revenues174.5 240.4 414.9 
Total segment revenues$5,325.1 $496.3 $5,821.4 
Elimination of inter-segment revenue(414.9)
Total consolidated revenues$5,406.5 
Cost of materials and other4,949.4 248.4 
Operating expenses308.6 79.1 
General and administrative expenses6.8 17.8 
Proportional EBITDA of equity-method investments(16.8)(33.9)
Other segment items(3)
(3.4)(3.9)
Segment EBITDA attributable to Delek$80.5 $188.8 $269.3 
Reconciling items to net income (loss) attributable to Delek
Corporate expenses, eliminations and other (1)
219.1 
Proportional interest, taxes, depreciation and amortization of equity-method investments14.8 
Depreciation and amortization195.4 
Interest expense, net170.0 
Income tax expense (benefit)(50.9)
Net income (loss) attributable to Delek$(279.1)
Six Months Ended June 30, 2025
RefiningLogisticsCorporate,
Other and Eliminations		Consolidated
Depreciation and amortization$138.4 $61.1 $(4.1)$195.4 
Interest expense, net$79.1 $36.7 $54.2 $170.0 
Income from equity method investments$(15.2)$(20.7)$0.4 $(35.5)
Capital spending (excluding business combinations) (2)
$96.5 $191.1 $9.0 $296.6 
(1) Corporate expenses, eliminations and other represents corporate costs that are not allocated to the operating segments, inter-segment cost eliminations, and other unallocated shared service functions. Corporate expenses also include certain gains or losses resulting from changes in fair value due to price movements in credits used to satisfy our environmental credit obligations. “Corporate expenses, eliminations and other” are included in the tables above to reconcile total Segment EBITDA attributable to Delek to the Company’s net income (loss) attributable to Delek.
(2) Capital spending includes additions on an accrual basis.
(3) Other segment items include other operating (income) expense, net, and other (income) expense, net.