Delek US Holdings Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Delek US Holdings Inc reported revenue of $10.7B (-9.5% year on year) and net income of $43.3M (+108.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net revenues | $10.7B | $11.9B | $16.9B | $20.2B |
| Cost of materials and other | $8.9B | $10.8B | $15.1B | $18.4B |
| Operating expenses (excluding depreciation and amortization presented below) | $862.9M | $763.8M | $770.6M | $701.8M |
| Depreciation and amortization | $374.3M | $349.7M | $322.8M | $263.8M |
| Total cost of sales | $10.1B | $11.9B | $16.2B | $19.3B |
| Insurance proceeds | ($100.0K) | ($20.6M) | ($20.3M) | ($31.2M) |
| Operating expenses related to wholesale business (excluding depreciation and amortization presented below) | $9.0M | $3.4M | $106.5M | $106.8M |
| General and administrative expenses | $269.5M | $252.8M | $286.4M | $348.8M |
| Depreciation and amortization | $23.5M | $24.8M | $28.8M | $23.2M |
| Asset impairment | $17.7M | $243.5M | $37.9M | — |
| Other operating income, net | ($8.5M) | ($55.5M) | ($7.2M) | ($12.5M) |
| Total operating costs and expenses | $10.4B | $12.3B | $16.6B | $19.8B |
| Operating income (loss) | $301.0M | ($491.5M) | $279.9M | $489.5M |
| Interest expense, net | $345.3M | $313.0M | $318.2M | $195.3M |
| Income from equity method investments | ($89.5M) | ($92.2M) | ($86.2M) | ($57.7M) |
| Other expense (income), net | $6.3M | ($6.3M) | ($3.9M) | ($2.5M) |
| Total non-operating expense, net | $262.1M | $214.5M | $228.1M | $135.1M |
| Income (loss) from continuing operations before income tax expense (benefit) | $38.9M | ($706.0M) | $51.8M | $354.4M |
| Income tax benefit | ($6.8M) | ($107.9M) | $5.1M | $63.9M |
| Income (loss) from continuing operations, net of tax | $45.7M | ($598.1M) | — | — |
| (Loss) income from discontinued operations, including gain on sale of discontinued operations | ($3.0M) | $105.9M | — | — |
| Income tax (benefit) expense | ($600.0K) | $28.7M | — | — |
| (Loss) income from discontinued operations, net of tax | ($2.4M) | $77.2M | — | — |
| Net income (loss) | $43.3M | ($520.9M) | $46.7M | $290.5M |
| Net income attributed to non-controlling interests | $66.1M | $39.5M | $26.9M | $33.4M |
| Net (loss) income attributable to Delek | ($22.8M) | ($560.4M) | $19.8M | $257.1M |
| Total basic (loss) income per share (in dollars per share) | -$0.38 | -$8.77 | $0.30 | $3.63 |
| (Loss) income from continuing operations (in dollars per share) | -$0.34 | -$9.98 | — | — |
| (Loss) income from discontinued operations (in dollars per share) | -$0.04 | $1.21 | — | — |
| Total diluted (loss) income per share (in dollars per share) | -$0.38 | -$8.77 | $0.30 | $3.59 |
| Basic (in shares) | 60.7M | 63.9M | 65.4M | 70.8M |
| Diluted (in shares) | 60.7M | 63.9M | 66.0M | 71.5M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Net revenues | $4.1B | $2.7B | $2.9B | $2.8B |
| Cost of materials and other | $3.4B | $2.5B | $2.2B | $2.4B |
| Operating expenses (excluding depreciation and amortization presented below) | $220.1M | $219.9M | $227.8M | $209.8M |
| Depreciation and amortization | $111.2M | $97.6M | $95.8M | $87.6M |
| Total cost of sales | $3.7B | $2.8B | $2.5B | $2.7B |
| Operating expenses related to wholesale business (excluding depreciation and amortization presented below) | $2.9M | $1.6M | $3.5M | $2.2M |
| General and administrative expenses | $56.7M | $44.0M | $76.8M | $76.6M |
| Depreciation and amortization | $4.5M | $5.7M | $5.5M | $6.5M |
| Other operating expense (income), net | ($1.4M) | ($2.2M) | ($100.0K) | $400.0K |
| Total operating costs and expenses | $3.8B | $2.8B | $2.6B | $2.8B |
| Operating income (loss) | $302.4M | ($179.3M) | $295.7M | ($33.5M) |
| Interest expense, net | $100.1M | $84.5M | $93.1M | $85.9M |
| Income from equity method investments | ($19.7M) | ($14.6M) | ($31.2M) | ($22.2M) |
| Other expense (income), net | $100.0K | ($300.0K) | ($1.2M) | $6.2M |
| Total non-operating expense, net | $80.5M | $69.6M | $60.7M | $69.9M |
| Income (loss) from continuing operations before income tax expense (benefit) | $221.9M | ($248.9M) | $235.0M | ($103.4M) |
| Income tax expense (benefit) | $41.8M | ($58.2M) | $39.9M | ($14.1M) |
| Income (loss) from continuing operations, net of tax | $180.1M | ($190.7M) | $195.1M | ($89.3M) |
| Income (loss) from discontinued operations | $0 | ($300.0K) | ($400.0K) | ($1.0M) |
| Income tax expense (benefit) | $0 | ($100.0K) | ($100.0K) | ($200.0K) |
| Income (loss) from discontinued operations, net of tax | $0 | ($200.0K) | ($300.0K) | ($800.0K) |
| Net income (loss) | $180.1M | ($190.9M) | $194.8M | ($90.1M) |
| Net income attributed to non-controlling interests | $10.6M | $10.4M | $16.8M | $16.3M |
| Net income (loss) attributable to Delek | $169.5M | ($201.3M) | $178.0M | ($106.4M) |
| Income (loss) income from continuing operations (in dollars per share) | $2.76 | -$3.34 | $2.96 | -$1.75 |
| Total basic income (loss) per share (in dollars per share) | $2.76 | -$3.34 | $2.96 | -$1.76 |
| income (loss) from continuing operations (in dollars per share) | $2.71 | -$3.34 | $2.93 | -$1.75 |
| Income (loss) from discontinued operations (in dollars per share) | $0.00 | $0.00 | $0.00 | -$0.01 |
| Total diluted income (loss) per share (in dollars per share) | $2.71 | -$3.34 | $2.93 | -$1.76 |
| Basic (in shares) | 61.3M | 60.3M | 60.2M | 60.5M |
| Diluted (in shares) | 62.5M | 60.3M | 60.9M | 60.5M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $625.8M | $735.6M | $822.2M | $841.3M |
| Accounts receivable, net | $648.7M | $617.6M | $783.7M | $1.2B |
| Inventories, net of inventory valuation reserves | $726.0M | $893.2M | $981.9M | $1.5B |
| Other current assets | $67.5M | $85.5M | $78.2M | $122.7M |
| Total current assets | $2.1B | $2.3B | $2.7B | $3.7B |
| Property, plant and equipment | $5.6B | $4.9B | $4.7B | $4.3B |
| Less: accumulated depreciation | ($2.3B) | ($2.0B) | ($1.8B) | ($1.6B) |
| Property, plant and equipment, net | $3.3B | $2.9B | $2.8B | $2.8B |
| Operating lease right-of-use assets | $71.4M | $92.2M | $148.2M | $179.5M |
| Goodwill | $475.3M | $475.3M | $729.4M | $744.3M |
| Other intangibles, net | $405.7M | $321.6M | $296.2M | $315.6M |
| Equity method investments | $427.7M | $392.9M | $360.7M | $359.7M |
| Other non-current assets | $127.1M | $111.9M | $126.1M | $100.4M |
| Total assets | $6.8B | $6.7B | $7.2B | $8.2B |
| Accounts payable | $1.6B | $1.8B | $1.8B | $1.7B |
| Current portion of long-term debt | $9.5M | $9.5M | $44.5M | $74.5M |
| Current portion of operating lease liabilities | $27.2M | $43.2M | $54.7M | $49.6M |
| Accrued expenses and other current liabilities | $858.9M | $649.5M | $771.2M | $1.2B |
| Total current liabilities | $2.5B | $2.5B | $2.7B | $3.1B |
| Long-term debt, net of current portion | $3.2B | $2.8B | $2.6B | $3.0B |
| Obligation under Inventory Intermediation Agreement | $119.5M | $408.7M | $407.2M | — |
| Environmental liabilities, net of current portion | $31.1M | $33.3M | $110.9M | $111.5M |
| Asset retirement obligations | $34.0M | $24.7M | $43.3M | $41.8M |
| Deferred tax liabilities | $217.9M | $214.8M | $264.1M | $266.5M |
| Operating lease liabilities, net of current portion | $46.1M | $54.8M | $111.2M | $122.4M |
| Other non-current liabilities | $98.8M | $82.6M | $35.0M | $23.7M |
| Total non-current liabilities | $3.8B | $3.6B | $3.5B | $4.0B |
| Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value, 110,000,000 shares authorized, 77,357,447 shares and 80,127,994 shares issued at December 31, 2025 and December 31, 2024, respectively | 800.0K | 800.0K | 800.0K | 900.0K |
| Additional paid-in capital | $1.3B | $1.2B | $1.1B | $1.1B |
| Accumulated other comprehensive loss | $0 | ($4.1M) | ($4.8M) | ($5.2M) |
| Treasury stock, 17,575,527 shares, at cost, at December 31, 2025 and December 31, 2024, respectively | -694.1M | -694.1M | -694.1M | -694.1M |
| Retained earnings (deficit) | ($311.1M) | ($205.7M) | $430.0M | $507.9M |
| Non-controlling interests in subsidiaries | $260.8M | $262.4M | $114.2M | $125.9M |
| Total stockholders’ equity | $547.3M | $575.2M | $959.7M | $1.1B |
| Total liabilities and stockholders’ equity | $6.8B | $6.7B | $7.2B | $8.2B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $628.6M | $624.1M | $630.9M | $615.5M |
| Accounts receivable, net | $866.3M | $942.7M | $667.2M | $743.4M |
| Inventories, net of inventory valuation reserves | $999.3M | $931.0M | $769.3M | $860.9M |
| Other current assets | $108.7M | $149.9M | $278.4M | $101.8M |
| Total current assets | $2.6B | $2.6B | $2.3B | $2.3B |
| Property, plant and equipment | $5.9B | $5.8B | $5.5B | $5.4B |
| Less: accumulated depreciation | ($2.5B) | ($2.4B) | ($2.2B) | ($2.2B) |
| Property, plant and equipment, net | $3.4B | $3.4B | $3.2B | $3.2B |
| Operating lease right-of-use assets | $66.2M | $69.9M | $74.5M | $81.9M |
| Goodwill | $475.3M | $475.3M | $475.3M | $475.3M |
| Other intangibles, net | $400.4M | $404.2M | $409.3M | $415.9M |
| Equity method investments | $430.9M | $424.4M | $419.6M | $409.3M |
| Other non-current assets | $142.9M | $137.0M | $125.3M | $115.9M |
| Total assets | $7.6B | $7.6B | $7.1B | $7.1B |
| Accounts payable | $1.9B | $2.3B | $1.8B | $1.9B |
| Current portion of long-term debt | $8.5M | $9.5M | $9.5M | $9.5M |
| Current portion of operating lease liabilities | $27.2M | $26.3M | $30.2M | $35.4M |
| Accrued expenses and other current liabilities | $1.5B | $1.1B | $920.3M | $956.0M |
| Total current liabilities | $3.4B | $3.5B | $2.7B | $2.9B |
| Long-term debt, net of current portion | $3.2B | $3.2B | $3.2B | $3.1B |
| Obligation under Inventory Intermediation Agreement | $95.2M | $230.5M | $331.2M | $388.4M |
| Environmental liabilities, net of current portion | $30.7M | $30.9M | $31.3M | $31.8M |
| Asset retirement obligations | $36.3M | $35.1M | $33.0M | $34.7M |
| Deferred tax liabilities | $152.3M | $159.5M | $213.9M | $176.5M |
| Operating lease liabilities, net of current portion | $38.3M | $42.9M | $47.0M | $51.0M |
| Other non-current liabilities | $183.4M | $100.8M | $96.7M | $94.5M |
| Total non-current liabilities | $3.7B | $3.8B | $3.9B | $3.9B |
| Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value, 110,000,000 shares authorized, 78,774,745 shares and 77,357,447 shares issued at June 30, 2026, and December 31, 2025, respectively | 800.0K | 800.0K | 800.0K | 800.0K |
| Additional paid-in capital | $1.3B | $1.3B | $1.2B | $1.2B |
| Treasury stock, 17,575,527 shares, at cost, at June 30, 2026, and December 31, 2025, respectively | -694.1M | -694.1M | -694.1M | -694.1M |
| Retained earnings (deficit) | ($387.8M) | ($528.6M) | ($363.1M) | ($519.8M) |
| Non-controlling interests in subsidiaries | $236.2M | $249.5M | $263.9M | $268.9M |
| Total stockholders’ equity | $422.7M | $302.0M | $444.8M | $294.9M |
| Total liabilities and stockholders’ equity | $7.6B | $7.6B | $7.1B | $7.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $43.3M | ($520.9M) | $46.7M | $290.5M |
| Depreciation and amortization | $397.8M | $374.5M | $351.6M | $287.0M |
| Non-cash lease expense | $39.5M | $46.1M | $61.9M | $62.6M |
| Deferred income taxes | ($10.5M) | ($103.6M) | ($1.6M) | $61.6M |
| Asset impairment | $17.7M | $243.5M | $37.9M | — |
| Income from equity method investments | ($89.5M) | ($92.2M) | ($86.2M) | ($57.7M) |
| Dividends from equity method investments | $41.1M | $74.1M | $61.0M | $32.3M |
| Non-cash lower of cost or market/net realizable value adjustment | $8.4M | ($10.7M) | $400.0K | $1.9M |
| Loss on extinguishment of debt | $0 | $3.6M | — | — |
| Equity-based and non-cash compensation expense | $86.7M | $33.8M | $27.5M | $29.1M |
| Loss (income) from discontinued operations | $2.4M | ($77.2M) | — | — |
| Other | $15.9M | $500.0K | $4.8M | $14.9M |
| Accounts receivable | ($21.5M) | $179.8M | $460.0M | ($428.9M) |
| Inventories and other current assets | $149.4M | $84.6M | $557.9M | ($254.4M) |
| Fair value of derivatives | $7.2M | ($5.5M) | $4.0M | ($4.6M) |
| Accounts payable and other current liabilities | ($42.0M) | ($220.8M) | ($303.3M) | $298.7M |
| Obligation under Inventory Intermediation Agreements | ($96.0M) | $1.1M | ($192.1M) | $102.3M |
| Non-current assets and liabilities, net | ($11.7M) | ($94.4M) | ($16.9M) | ($10.0M) |
| Cash provided by (used in) operating activities - continuing operations | $538.2M | ($83.7M) | — | — |
| Cash (used in) provided by operating activities - discontinued operations | ($2.4M) | $16.9M | — | — |
| Net cash provided by (used in) operating activities | $535.8M | ($66.8M) | $1.0B | $425.3M |
| Business combination, net of cash acquired | ($181.2M) | — | $0 | ($625.6M) |
| Equity method investment contributions | ($2.1M) | ($19.1M) | $0 | ($100.0K) |
| Distributions from equity method investments | $15.7M | $5.0M | $14.9M | $9.9M |
| Purchases of property, plant and equipment | ($529.5M) | ($427.7M) | ($419.6M) | ($311.4M) |
| Purchase of equity securities | $0 | ($400.0K) | ($11.9M) | — |
| Purchases of intangible assets | ($12.5M) | ($2.9M) | ($4.3M) | ($5.6M) |
| Proceeds from sale of property, plant and equipment | $10.3M | $10.2M | $2.6M | $1.2M |
| Insurance and settlement proceeds | $10.7M | $16.2M | $10.3M | $0 |
| Other | ($9.3M) | ($2.0M) | — | — |
| Cash used in investing activities - continuing operations | ($697.9M) | ($603.2M) | — | — |
| Cash provided by (used in) investing activities - discontinued operations | $0 | $361.7M | — | — |
| Net cash used in investing activities | ($697.9M) | ($241.5M) | ($408.0M) | ($931.6M) |
| Proceeds from long-term revolvers | $9.9B | $6.9B | $3.5B | $3.4B |
| Payments on long-term revolvers | ($10.1B) | ($7.3B) | ($4.0B) | ($2.5B) |
| Proceeds from term debt | $700.0M | $1.1B | $0 | $1.3B |
| Payments on term debt | ($9.5M) | ($540.8M) | ($28.2M) | ($1.3B) |
| Proceeds from product and other financing agreements | $2.1B | $1.1B | $1.2B | — |
| Repayments of product and other financing agreements | ($2.0B) | ($1.1B) | ($1.2B) | — |
| Proceeds from Inventory Intermediation Agreement | $0 | $0 | $32.2M | $538.8M |
| Repayments on Inventory Intermediation Agreement | ($193.2M) | — | — | — |
| Proceeds from termination of Supply & Offtake Obligation | $0 | $0 | $25.8M | — |
| Repurchase of common stock | ($79.4M) | ($41.5M) | ($85.4M) | ($129.6M) |
| Distribution to non-controlling interest | ($87.1M) | ($56.8M) | ($38.6M) | ($36.0M) |
| Proceeds from issuance of Delek Logistic common limited partner units, net | $0 | $297.9M | $0 | $3.1M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | ($10.8M) | ($190.9M) | ($53.8M) | ($248.6M) |
| Depreciation and amortization | $219.0M | $103.3M | $296.7M | $195.4M |
| Non-cash lease expense | $11.3M | $5.9M | $31.9M | $21.7M |
| Deferred income taxes | ($61.8M) | ($58.3M) | ($13.7M) | ($51.2M) |
| Income from equity method investments | ($34.3M) | ($14.6M) | ($66.7M) | ($35.5M) |
| Dividends from equity method investments | $23.0M | $12.9M | $27.9M | $13.5M |
| Non-cash lower of cost or market/net realizable value adjustment | ($4.2M) | ($8.7M) | $39.2M | $100.0K |
| Loss on extinguishment of debt | $23.5M | $1.6M | $0 | $0 |
| Equity-based and non-cash compensation expense | $14.5M | $7.4M | $65.6M | $14.6M |
| Loss (income) from discontinued operations | $200.0K | $200.0K | $1.4M | $1.1M |
| Other | $10.8M | $4.4M | $13.7M | $10.2M |
| Accounts receivable | ($212.0M) | ($288.4M) | ($39.6M) | ($115.6M) |
| Inventories and other current assets | ($304.2M) | ($264.4M) | $58.7M | ($3.8M) |
| Fair value of derivatives | ($3.6M) | ($16.0M) | ($15.2M) | $2.0M |
| Accounts payable and other current liabilities | $1.0B | $1.1B | $44.9M | $214.6M |
| Obligation under Inventory Intermediation Agreements | ($24.3M) | $111.0M | ($77.5M) | ($20.3M) |
| Non-current assets and liabilities, net | $70.0M | ($2.8M) | ($14.6M) | ($8.1M) |
| Cash provided by (used in) operating activities - continuing operations | $724.2M | $461.3M | $34.4M | ($9.9M) |
| Cash (used in) provided by operating activities - discontinued operations | ($200.0K) | ($200.0K) | ($1.4M) | ($1.1M) |
| Net cash provided by (used in) operating activities | $724.0M | $461.1M | $33.0M | ($11.0M) |
| Business combination, net of cash acquired | $0 | $0 | ($181.2M) | ($181.2M) |
| Distributions from equity method investments | $8.1M | $5.0M | $12.1M | $5.6M |
| Purchases of property, plant and equipment | ($361.5M) | ($187.7M) | ($409.5M) | ($301.5M) |
| Purchases of intangible assets | ($9.2M) | ($5.9M) | ($9.0M) | ($7.1M) |
| Proceeds from sale of property, plant and equipment | $200.0K | $100.0K | $5.1M | $4.9M |
| Insurance and settlement proceeds | $0 | $0 | $10.3M | $6.2M |
| Other | ($4.1M) | ($1.8M) | ($8.8M) | ($4.5M) |
| Net cash used in investing activities | ($366.5M) | ($190.3M) | ($581.0M) | ($477.6M) |
| Proceeds from long-term revolvers | $6.0B | $3.1B | $7.5B | $5.4B |
| Payments on long-term revolvers | ($6.0B) | ($3.2B) | ($7.8B) | ($5.7B) |
| Proceeds from term debt | $1.6B | — | $700.0M | $700.0M |
| Payments on term debt | ($1.7B) | ($2.4M) | ($7.1M) | ($4.8M) |
| Proceeds from product and other financing agreements | $566.6M | $268.6M | $1.7B | $840.2M |
| Repayments of product and other financing agreements | ($705.8M) | ($416.2M) | ($1.5B) | ($678.1M) |
| Repurchase of common stock | ($20.0M) | $0 | ($59.4M) | ($44.4M) |
| Distribution to non-controlling interest | ($44.3M) | ($22.1M) | ($65.2M) | ($43.3M) |
| Dividends paid | ($31.2M) | ($15.6M) | ($46.7M) | ($31.4M) |
| Deferred financing costs paid | ($33.5M) | ($9.0M) | ($10.9M) | ($10.8M) |
| Other | ($51.2M) | ($25.1M) | ($5.6M) | ($4.3M) |
| Net cash (used in) provided by financing activities | ($354.7M) | ($272.5M) | $443.3M | $368.5M |
| Net increase (decrease) in cash and cash equivalents | $2.8M | ($1.7M) | ($104.7M) | ($120.1M) |
| Cash and cash equivalents at the beginning of the period | $625.8M | $625.8M | $735.6M | $735.6M |
| Cash and cash equivalents at the end of the period | $628.6M | $624.1M | $630.9M | $615.5M |
| Interest, net of capitalized interest of $5.8 million and $7.0 million in the 2026 and 2025 periods, respectively | $170.5M | $86.6M | $259.7M | $163.6M |
| Income taxes, net of refunds | ($2.8M) | — | — | — |
Delek US Holdings Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.