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Delek US Holdings DK Refining — Cost of materials and other

Other segment segments

Logistics
$239M+100%

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Other financials

Income statement

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Revenue$4.1B+47.8%
Gross profit$365.1M+599%
Operating income$302.4M+1,003%
Net income$169.5M+259%
EPS (diluted)$2.71+254%

Balance sheet

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Cash & equivalents$628.6M+2.1%
Total debt$3.3B+2.1%
Total equity$422.7M+43.3%
Total assets$7.6B+6.8%

Cash flow

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Operating cash flow$262.9M+411%
CapEx$173.8M+4.8%
Free cash flow$89.1M+178%

Valuation

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Market cap$3.59B+195%
Enterprise value$6.22B+64.2%
P/E16×
P/S0.3×+0.2×

Profitability

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Gross margin7.1%+6.0pp
Operating margin4.8%+3.1pp
Net margin1.9%+1.0pp
FCF margin5.7%+3.6pp

Returns & leverage

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Return on equity62.6%+37.7pp
Debt / equity7.7×-3.1×
Current ratio0.8×0.0×

Where this comes from

Reported directly by Delek US Holdings in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

The source filing: Delek US Holdings’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 1:09 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053106
Line itemThree Months Ended June 30, 2026 / RefiningThree Months Ended June 30, 2026 / LogisticsTotal
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 other3,348.5239.0
Operating expenses156.143.4
General and administrative expenses2.83.2
Proportional EBITDA of equity-method investments(5.8)(20.7)
Other segment items(3)(1.6)(0.2)

Item 1. Financial Statements (unaudited)

FAQ

What is Delek US Holdings's refining — cost of materials and other?
Delek US Holdings (DK) reported refining — cost of materials and other of $3.35B in Q2 2026.
How has Delek US Holdings's refining — cost of materials and other changed year-over-year?
Delek US Holdings's refining — cost of materials and other increased by 35.1% year-over-year, from $2.48B to $3.35B.
What is the long-term trend for Delek US Holdings's refining — cost of materials and other?
Over 3 years (2022 to 2025), Delek US Holdings's refining — cost of materials and other has grown at a -20.8% compound annual growth rate (CAGR), from $18.41B to $9.16B.
What does refining — cost of materials and other mean?
Includes the direct costs associated with purchasing crude oil and other feedstocks required for the refining process, along with other variable production costs. Monitoring this metric is essential for evaluating the impact of commodity price volatility on the segment's gross margin.

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