v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured on Recurring Basis The fair value hierarchy for our financial assets and liabilities accounted for at fair value on a recurring basis was as follows (in millions):
As of June 30, 2026
Level 1Level 2Level 3Total
Assets
Commodity derivatives$— $84.3 $— $84.3 
Interest rate swap derivatives— 4.4 — 4.4 
RINs commitment contracts— 0.7 — 0.7 
Total assets— 89.4 — 89.4 
Liabilities
Commodity derivatives— (88.6)— (88.6)
Interest rate swap derivatives— (3.9)— (3.9)
Consolidated Net RINs deficit— (822.5)— (822.5)
Crude exchange contract— (80.0)— (80.0)
Inventory Intermediation Agreement obligation— (95.2)— (95.2)
Total liabilities— (1,090.2)— (1,090.2)
Net liabilities$— $(1,000.8)$— $(1,000.8)
As of December 31, 2025
Level 1Level 2Level 3Total
Assets
Commodity derivatives$— $15.0 $— $15.0 
Total assets— 15.0 — 15.0 
Liabilities
Commodity derivatives— (16.7)— (16.7)
Interest rate derivatives— (2.3)— (2.3)
RINs commitment contracts— (2.7)— (2.7)
Consolidated Net RINs deficit— (107.4)— (107.4)
Inventory Intermediation Agreement obligation— (119.5)— (119.5)
Total liabilities— (248.6)— (248.6)
Net liabilities$— $(233.6)$— $(233.6)
Fair Value, by Balance Sheet Grouping The carrying values (excluding unamortized debt issuance costs) and estimated fair values of these notes were as follows (in millions):
Balance at June 30, 2026Balance at December 31, 2025
Carrying ValueFair ValueCarrying ValueFair Value
Delek Logistics 2029 Notes (1)
$650.0 $676.6 $1,050.0 $1,100.4 
Delek Logistics 2033 Notes$700.0 $714.4 $700.0 $716.4 
Delek Logistics 2034 Notes$800.0 $797.3 N/AN/A
(1) The carrying value of the Delek Logistics 2029 Notes decreased as a result of a conditional notice of partial redemption of $400.0 million in principal, issued concurrently with the offering of the Delek Logistics 2034 Notes.