---
schema_version: "secwatch.filing_event.v1"
accession: "0001694426-25-000056"
form_type: "8-K"
ticker: "DK"
cik: "0001694426"
company_name: "Delek US Holdings, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:28:03.970958+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Delek US Q1 net loss $172.7M; EBITDA $26.5M; EOP to improve cash flow $120M in 2H25

## Summary
- Net loss of $172.7M ($2.78/share) vs loss of $32.6M a year ago; adjusted net loss $144.4M ($2.32/share).
- Adjusted EBITDA $26.5M, down from $158.7M in Q1 2024; refining segment EBITDA negative $27.4M due to lower crack spreads.
- Logistics segment EBITDA $116.5M, up from $99.7M, driven by acquisitions (H2O, Gravity) and W2W dropdown.
- Enterprise Optimization Plan to deliver at least $120M run-rate cash flow improvement in 2H 2025; new intercompany agreements unlock ~$250M liquidity.
- DKL ownership reduced to 63.4% after Gravity acquisition; DKL on track for FY2025 EBITDA guidance $480-520M; DK bought $32M shares; dividend $0.255/share.

## SEC filing metadata
- accession: 0001694426-25-000056
- form_type: 8-K
- ticker: DK
- cik: 0001694426
- company_name: Delek US Holdings, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1694426/000169442625000056/0001694426-25-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1694426/000169442625000056/dk-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001694426-25-000056
- JSON: https://secwatch.observer/filing/0001694426-25-000056.json
- Plain text: https://secwatch.observer/filing/0001694426-25-000056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.