Delek US (DK) 10-Q 8 May 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2024	May 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-38142
Entity Registrant Name	DELEK US HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	35-2581557
Entity Address, Address Line One	310 Seven Springs Way
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Brentwood
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37027
City Area Code	615
Local Phone Number	771-6701
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	DK
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001694426
Common Stock, Shares, Outstanding		64,131,074
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 753.4	$ 822.2
Accounts receivable, net	831.7	783.7
Inventories, net of inventory valuation reserves	1,037.8	981.9
Other current assets	85.2	78.2
Total current assets	2,708.1	2,666
Property, plant and equipment:
Property, plant and equipment	4,736.4	4,690.7
Less: accumulated depreciation	(1,932.1)	(1,845.5)
Property, plant and equipment, net	2,804.3	2,845.2
Operating lease right-of-use assets	142.2	148.2
Goodwill	729.4	729.4
Other intangibles, net	291	296.2
Equity method investments	370.3	360.7
Other non-current assets	135	126.1
Total assets	7,180.3	7,171.8
Current liabilities:
Accounts payable	1,732.3	1,814.3
Current portion of long-term debt	14.5	44.5
Current portion of obligation under Inventory Intermediation Agreement	0	0.4
Current portion of operating lease liabilities	51.5	54.7
Accrued expenses and other current liabilities	808.2	771.2
Total current liabilities	2,606.5	2,685.1
Non-current liabilities:
Long-term debt, net of current portion	2,482.4	2,555.3
Obligation under Inventory Intermediation Agreement	492.7	407.2
Environmental liabilities, net of current portion	110.5	110.9
Asset retirement obligations	43.6	43.3
Deferred tax liabilities	269.6	264.1
Operating lease liabilities, net of current portion	104.7	111.2
Other non-current liabilities	35.2	35
Total non-current liabilities	3,538.7	3,527
Stockholders’ equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.01 par value, 110,000,000 shares authorized, 81,626,016 shares and 81,539,871 shares issued at March 31, 2024 and December 31, 2023, respectively	0.8	0.8
Additional paid-in capital	1,171.8	1,113.6
Accumulated other comprehensive loss	(4.8)	(4.8)
Treasury stock, 17,575,527 shares, at cost, at March 31, 2024 and December 31, 2023, respectively	(694.1)	(694.1)
Retained earnings	381.5	430
Non-controlling interests in subsidiaries	179.9	114.2
Total stockholders’ equity	1,035.1	959.7
Total liabilities and stockholders’ equity	$ 7,180.3	$ 7,171.8

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	110,000,000	110,000,000
Common stock, shares, issued (in shares)	81,626,016	81,539,871
Treasury stock, shares (in shares)	17,575,527	17,575,527

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net revenues	$ 3,227.6	$ 3,924.3
Cost of sales:
Cost of materials and other	2,797.3	3,439.6
Operating expenses (excluding depreciation and amortization presented below)	213.8	170.8
Depreciation and amortization	86.4	76.8
Total cost of sales	3,097.5	3,687.2
Operating expenses related to retail and wholesale business (excluding depreciation and amortization presented below)	25.8	27
General and administrative expenses	64.4	71.5
Depreciation and amortization	8.8	6.6
Other operating income, net	(1.6)	(10.8)
Total operating costs and expenses	3,194.9	3,781.5
Operating income	32.7	142.8
Interest expense, net	87.7	76.5
Income from equity method investments	(21.9)	(14.6)
Other income, net	(0.7)	(7.1)
Total non-operating expense, net	65.1	54.8
(Loss) income before income tax (benefit) expense	(32.4)	88
Income tax (benefit) expense	(7.2)	15.8
Net (loss) income	(25.2)	72.2
Net income attributed to non-controlling interests	7.4	7.9
Net (loss) income attributable to Delek	$ (32.6)	$ 64.3
Basic (loss) income per share (in dollars per share)	$ (0.51)	$ 0.96
Diluted (loss) income per share (in dollars per share)	$ (0.51)	$ 0.95
Weighted average common shares outstanding:
Basic (in shares)	64,021,988	66,951,975
Diluted (in shares)	64,021,988	67,369,374

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (25.2)	$ 72.2
Other comprehensive (loss) income:
Comprehensive (loss) income	(25.2)	72.2
Comprehensive income attributable to non-controlling interest	7.4	7.9
Comprehensive (loss) income attributable to Delek	$ (32.6)	$ 64.3

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Treasury Shares	Non-Controlling Interest in Subsidiaries
Beginning balance (in shares) at Dec. 31, 2022		84,509,517
Beginning balance at Dec. 31, 2022	$ 1,069.5	$ 0.9	$ 1,134.1	$ (5.2)	$ 507.9	$ (694.1)	$ 125.9
Beginning balance (in shares) at Dec. 31, 2022						(17,575,527)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	72.2				64.3		7.9
Common stock dividends	(14.7)				(14.7)
Equity-based compensation expense	6.4		6.3				0.1
Distributions to non-controlling interests	(9.5)						(9.5)
Repurchase of common stock (in shares)		(16,292)
Repurchase of common stock	(0.4)		(0.2)		(0.2)
Taxes paid due to the net settlement of equity-based compensation	$ (0.6)		(0.5)				(0.1)
Exercise of equity-based awards (in shares)	53,643	53,643
Other (in shares)		22,235
Other	$ 1.4		1.5		(0.1)
Ending balance (in shares) at Mar. 31, 2023		84,569,103
Ending balance at Mar. 31, 2023	1,124.3	$ 0.9	1,141.2	(5.2)	557.2	$ (694.1)	124.3
Ending balance (in shares) at Mar. 31, 2023						(17,575,527)
Beginning balance (in shares) at Dec. 31, 2023		81,539,871
Beginning balance at Dec. 31, 2023	$ 959.7	$ 0.8	1,113.6	(4.8)	430	$ (694.1)	114.2
Beginning balance (in shares) at Dec. 31, 2023	(17,575,527)					(17,575,527)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	$ (25.2)				(32.6)		7.4
Common stock dividends	(15.7)				(15.7)
Equity-based compensation expense	7.2		7				0.2
Distributions to non-controlling interests	(9.8)						(9.8)
Repurchase of common stock (in shares)		0
Taxes paid due to the net settlement of equity-based compensation	$ (0.8)		(0.5)				(0.3)
Exercise of equity-based awards (in shares)	44,374	44,374
Equity attributable to issuance of Delek Logistic common limited partner units, net of tax	$ 118.9		50.5				68.4
Other (in shares)		41,771
Other	0.8		1.2		(0.2)		(0.2)
Ending balance (in shares) at Mar. 31, 2024		81,626,016
Ending balance at Mar. 31, 2024	$ 1,035.1	$ 0.8	$ 1,171.8	$ (4.8)	$ 381.5	$ (694.1)	$ 179.9
Ending balance (in shares) at Mar. 31, 2024	(17,575,527)					(17,575,527)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Common stock dividends per share (in dollars per share)	$ 0.245	$ 0.220

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net (loss) income	$ (25.2)	$ 72.2
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	95.2	83.4
Non-cash lease expense	14.1	15.4
Deferred income taxes	(8.1)	16.6
Income from equity method investments	(21.9)	(14.6)
Dividends from equity method investments	9.5	8.7
Non-cash lower of cost or market/net realizable value adjustment	(8.8)	(1.7)
Loss on extinguishment of debt	3.6	0
Equity-based compensation expense	7.2	6.4
Other	(0.1)	3.3
Changes in assets and liabilities:
Accounts receivable	(48)	395.9
Inventories and other current assets	(48.3)	166.8
Fair value of derivatives	13.5	(0.4)
Accounts payable and other current liabilities	110.4	(293.1)
Obligation under Inventory Intermediation Agreements	85.1	(63.5)
Non-current assets and liabilities, net	(11.5)	(0.3)
Net cash provided by operating activities	166.7	395.1
Cash flows from investing activities:
Distributions from equity method investments	2.8	2.1
Purchases of property, plant and equipment	(47.3)	(211.3)
Purchase of equity securities	0	(7.5)
Purchases of intangible assets	(0.7)	(0.6)
Insurance proceeds	3.6	0
Other	0	(4.8)
Net cash used in investing activities	(41.6)	(222.1)
Cash flows from financing activities:
Proceeds from long-term revolvers	1,493.1	848.6
Payments on long-term revolvers	(1,708.4)	(1,123.5)
Proceeds from term debt	650	0
Payments on term debt	(533.7)	(6.1)
Proceeds from product and other financing agreements	101	335
Repayments of product and other financing agreements	(290.7)	(236.1)
Proceeds from Inventory Intermediation Agreement	0	32.2
Proceeds from termination of Supply & Offtake Obligation	0	25.8
Taxes paid due to the net settlement of equity-based compensation	(0.8)	(0.6)
Repurchase of common stock	0	(0.4)
Distribution to non-controlling interest	(9.8)	(9.5)
Proceeds from issuance of Delek Logistic common limited partner units, net	132.3	0
Payment of debt extinguishment costs	(0.3)	0
Dividends paid	(15.7)	(14.7)
Deferred financing costs paid	(10.9)	0
Net cash (used in) provided by financing activities	(193.9)	(149.3)
Net (decrease) increase in cash and cash equivalents	(68.8)	23.7
Cash and cash equivalents at the beginning of the period	822.2	841.3
Cash and cash equivalents at the end of the period	753.4	865
Cash paid during the period for:
Interest, net of capitalized interest of $0.2 million and $0.9 million in the 2024 and 2023 periods, respectively	75.2	105.7
Income taxes	0	0.1
Non-cash investing activities:
Decrease in accrued capital expenditures	(1.4)	(19.2)
Non-cash financing activities:
Non-cash lease liability arising from obtaining right-of-use assets during the period	$ 9	$ 19.8

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Cash Flows [Abstract]
Capitalized interest	$ 0.2	$ 0.9

Organization and Basis of Prese

Organization and Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Delek US Holdings, Inc. operates through its consolidated subsidiaries, which include Delek US Energy, Inc. ("Delek Energy") (and its subsidiaries) and Alon USA Energy, Inc. ("Alon") (and its subsidiaries). The terms "we," "our," "us," "Delek" and the "Company" are used in this report to refer to Delek and its consolidated subsidiaries. Delek's common stock is listed on the New York Stock Exchange ("NYSE") under the symbol "DK." Our condensed consolidated financial statements include the accounts of Delek and its subsidiaries. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with United States ("U.S.") Generally Accepted Accounting Principles ("GAAP") have been condensed or omitted, although management believes that the disclosures herein are adequate to make the financial information presented not misleading. Our unaudited condensed consolidated financial statements have been prepared in conformity with GAAP applied on a consistent basis with those of the annual audited consolidated financial statements included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on February 28, 2024 (the "Annual Report on Form 10-K") and in accordance with the rules and regulations of the SEC. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto for the year ended December 31, 2023 included in our Annual Report on Form 10-K. Our condensed consolidated financial statements include Delek Logistics Partners, LP ("Delek Logistics", NYSE:DKL), which is a variable interest entity ("VIE"). As the indirect owner of the general partner of Delek Logistics, we have the ability to direct the activities of this entity that most significantly impact its economic performance. We are also considered to be the primary beneficiary for accounting purposes for this entity and are Delek Logistics' primary customer. In the event that Delek Logistics incurs a loss, our operating results will reflect such loss, net of intercompany eliminations, to the extent of our ownership interest in this entity. In the opinion of management, all adjustments necessary for a fair presentation of the financial condition and the results of operations for the interim periods have been included. All significant intercompany transactions and account balances have been eliminated in consolidation. All adjustments are of a normal, recurring nature. Operating results for the interim period should not be viewed as representative of results that may be expected for any future interim period or for the full year. Accounting Pronouncements Not Yet Adopted ASU 2023-09, Income Taxes(Topic 740): Improvements to Income Tax Disclosures In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09 Income Taxes(Topic 740): Improvements to Income Tax Disclosures ("ASU 2023-09"). The standard is intended to enhance the transparency and decision usefulness of income tax disclosures. ASU 2023-09 requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income taxes paid. The amendments in this ASU are effective for annual periods beginning after December 15, 2024, with early adoption permitted, and should be applied on a prospective basis with the option to apply the standard retrospectively. The Company is currently evaluating the provisions of the amendments and the impact on its future condensed consolidated financial statements, but does not currently expect adopting this new guidance will have a material impact on our condensed consolidated financial statements and related disclosures. ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ("ASU 2023-07"). ASU 2023-07 expands reportable segment disclosure requirements by requiring disclosures of significant reportable segment expenses that are regularly provided to the chief decision maker ("CODM") and included within each reported measure of a segment's profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment's profit or loss and assets. The ASU also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment's profit or loss in assessing segment performance and deciding how to allocate resources. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, and should be applied retrospectively to all prior periods presented in the financial statements. The adoption of ASU 2023-07 should not have a material impact on our condensed consolidated financial statements and related disclosures. See Note 2 for further information. ASU 2023-06, Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative In October 2023, the FASB issued ASU 2023-06 Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative ("ASU 2023-06"). The main provision of ASU 2023-06 is to clarify or improve disclosure and presentation requirements of a variety of topics, which will allow users to more easily compare entities subject to the SEC's existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the FASB accounting standard codification with the SEC's regulations. The effective date for each amendment will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The Company is currently evaluating the provisions of the amendments and the impact on its future condensed consolidated financial statements, but does not currently expect adopting this new guidance will have a material impact on our condensed consolidated financial statements and related disclosures.

Segment Data

Segment Data	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Data	Segment Data We aggregate our operating units into three reportable segments: Refining, Logistics, and Retail. 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, including our Canadian crude trading operations (as discussed in Note 9); and • intercompany eliminations. The disaggregated financial results for the reporting 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 CODM evaluates performance based upon 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 and amortization. Segment EBITDA should not be considered a substitute for results prepared in accordance with U.S. GAAP and should not be considered alternatives 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"). The refining segment also owns and operates three biodiesel facilities involved in the production of biodiesel fuels and related activities, located in Crossett, Arkansas, Cleburne, Texas and New Albany, Mississippi. In addition, the refining segment includes our wholesale crude operations. 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 southeastern United States, 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. Retail Segment Our retail segment consists of 250 owned and leased convenience store sites as of March 31, 2024, located primarily in West Texas and New Mexico. These convenience stores typically offer various grades of fuel, food and beverage products, general merchandise, and certain food and other services. Substantially all of the motor fuel sold through our retail segment is supplied by our Big Spring refinery, which is transferred to the retail segment at prices substantially determined by reference to published commodity pricing information. 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 March 31, 2024 (In millions) Refining Logistics Retail Corporate, Consolidated Net revenues (excluding intercompany fees and revenues) $ 2,921.6 $ 112.5 $ 193.5 $ — $ 3,227.6 Inter-segment fees and revenues 186.7 139.6 — (326.3) — Total revenues $ 3,108.3 $ 252.1 $ 193.5 $ (326.3) $ 3,227.6 Segment EBITDA attributable to Delek $ 101.1 $ 99.7 $ 6.5 $ (64.2) $ 143.1 Depreciation and amortization (61.4) (26.5) (3.5) (3.8) (95.2) Interest expense, net (12.1) (40.3) — (35.3) (87.7) Income tax benefit 7.2 Net loss attributable to Delek $ (32.6) Income from equity method investments $ — $ (8.5) $ — $ (13.4) $ (21.9) Capital spending (1) $ 21.5 $ 15.2 $ 4.1 $ 5.1 $ 45.9 Three Months Ended March 31, 2023 (In millions) Refining Logistics Retail Corporate, Consolidated Net revenues (excluding intercompany fees and revenues) $ 3,600.8 $ 118.5 $ 205.0 $ — $ 3,924.3 Inter-segment fees and revenues 193.7 125.0 — (318.7) — Total revenues $ 3,794.5 $ 243.5 $ 205.0 $ (318.7) $ 3,924.3 Segment EBITDA attributable to Delek $ 192.1 $ 91.4 $ 6.4 $ (49.9) $ 240.0 Depreciation and amortization (56.6) (21.1) (2.7) (3.0) (83.4) Interest expense, net (9.0) (32.6) (0.2) (34.7) (76.5) Income tax expense (15.8) Net income attributable to Delek $ 64.3 Income from equity method investments $ (0.4) $ (6.3) $ — $ (7.9) $ (14.6) Capital spending (1) $ 147.6 $ 36.1 $ 2.7 $ 5.7 $ 192.1

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share (or "EPS") is computed by dividing net income (loss) by the weighted average common shares outstanding. Diluted earnings per share is computed by dividing net income, as adjusted for changes to income that would result from the assumed settlement of the dilutive equity instruments included in diluted weighted average common shares outstanding, by the diluted weighted average common shares outstanding. For all periods presented, we have outstanding various equity-based compensation awards that are considered in our diluted EPS calculation (when to do so would be dilutive), and is inclusive of awards disclosed in Note 15 to these condensed consolidated financial statements. For those instruments that are indexed to our common stock, they are generally dilutive when the market price of the underlying indexed share of common stock is in excess of the exercise price. The following table sets forth the computation of basic and diluted earnings per share. Three Months Ended March 31, 2024 2023 Numerator: Numerator for EPS Net (loss) income $ (25.2) $ 72.2 Less: Income attributed to non-controlling interests 7.4 7.9 Numerator for basic and diluted EPS attributable to Delek $ (32.6) $ 64.3 Denominator: Weighted average common shares outstanding (denominator for basic EPS) 64,021,988 66,951,975 Dilutive effect of stock-based awards — 417,399 Weighted average common shares outstanding, assuming dilution (denominator for diluted EPS) 64,021,988 67,369,374 EPS: Basic (loss) income per share $ (0.51) $ 0.96 Diluted (loss) income per share $ (0.51) $ 0.95 The following equity instruments were excluded from the diluted weighted average common shares outstanding because their effect would be anti-dilutive: Antidilutive stock-based compensation (because average share price is less than exercise price) 829,292 2,181,281 Antidilutive due to loss 550,254 — Total antidilutive stock-based compensation 1,379,546 2,181,281

Delek Logistics

Delek Logistics	3 Months Ended
	Mar. 31, 2024
Variable Interest Entity, Not Primary Beneficiary, Disclosures [Abstract]
Delek Logistics	Delek Logistics Delek Logistics is a publicly traded limited partnership formed by Delek in 2012 that owns and operates crude oil, refined products and natural gas logistics and marketing assets as well as water disposal and recycling assets. A substantial majority of Delek Logistics' assets are integral to Delek’s refining and marketing operations. As of March 31, 2024, we owned a 72.7% interest in Delek Logistics, consisting of 34,311,278 common limited partner units and the non-economic general partner interest. The limited partner interests in Delek Logistics not owned by us are reflected in net income attributable to non-controlling interest in the accompanying condensed consolidated statements of income and in non-controlling interest in subsidiaries in the accompanying condensed consolidated balance sheets. On March 12, 2024, Delek Logistics completed a public offering of its common units in which it sold 3,584,416 common units (including an overallotment option of 467,532 common units) to the underwriters of the offering at a price to the public of $38.50 per unit. The proceeds received from this offering (net of underwriting discounts, commissions and expenses) were $132.3 million and were used to repay a portion of the outstanding borrowings under the Delek Logistics Revolving Facility (defined below). Underwriting discounts totaled $5.5 million. As a result of this common unit issuance and our resulting Delek Logistics ownership change, we adjusted additional paid-in capital and equity attributable to Delek Logistics’ non-controlling interest holders to reallocate Delek Logistics' equity among its unitholders. Delek Logistics is a VIE, as defined under GAAP, and is consolidated into our condensed consolidated financial statements, representing our logistics segment. The assets of Delek Logistics can only be used to settle its own obligations and its creditors have no recourse to our assets. Exclusive of intercompany balances and the marketing agreement intangible asset between Delek Logistics and Delek which are eliminated in consolidation, the Delek Logistics condensed consolidated balance sheets are included in the condensed consolidated balance sheets of Delek. The Delek Logistics condensed consolidated balance sheets are presented below (in millions): As of March 31, 2024 As of December 31, 2023 ASSETS Cash and cash equivalents $ 9.7 $ 3.8 Accounts receivable 57.0 41.1 Accounts receivable from related parties 36.6 28.4 Inventory 1.7 2.3 Other current assets 0.6 0.7 Property, plant and equipment, net 930.0 936.2 Equity method investments 238.2 241.3 Operating lease right-of-use assets 17.6 19.0 Goodwill 12.2 12.2 Intangible assets, net 337.3 343.0 Other non-current assets 13.5 14.2 Total assets $ 1,654.4 $ 1,642.2 LIABILITIES AND DEFICIT Accounts payable $ 26.3 $ 26.3 Accounts payable to related parties — — Current portion of long-term debt — 30.0 Current portion of operating lease liabilities 6.4 6.7 Accrued expenses and other current liabilities 24.5 27.6 Long-term debt 1,601.2 1,673.8 Asset retirement obligations 10.2 10.0 Operating lease liabilities, net of current portion 7.4 8.3 Other non-current liabilities 20.9 21.4 Deficit (42.5) (161.9) Total liabilities and deficit $ 1,654.4 $ 1,642.2

Equity Method Investments

Equity Method Investments	3 Months Ended
	Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments Wink to Webster Pipeline Through our wholly-owned direct subsidiary Delek Energy, we own a 50% investment in W2W Holdings LLC ("HoldCo") which was formed by us and MPLX Operations LLC ("MPLX") to obtain financing and fund capital calls associated with our collective and contributed interests in the Wink to Webster Pipeline LLC ("WWP") Joint Venture. The Company has determined that HoldCo is a VIE. While we have the ability to exert significant influence through participation in board and management committees, we are not the primary beneficiary since we do not have a controlling financial interest in HoldCo, and no single party has the power to direct the activities that most significantly impact HoldCo's economic performance. Distributions received from WWP are first applied to service the debt of HoldCo's wholly owned finance LLC, with excess distributions being made to the HoldCo members as provided for in the W2W Holdings LLC Agreement and as allowed for under its debt agreements. The obligations of the HoldCo members under the W2W Holdings LLC Agreement are guaranteed by the parents of the member entities. As of March 31, 2024, except for the guarantee of member obligations under the joint venture, we do not have other guarantees with or to HoldCo, nor any third-party associated with HoldCo contracted work. The Company's maximum exposure to any losses incurred by HoldCo is limited to its investment. As of March 31, 2024 and December 31, 2023, Delek's HoldCo investment balance totaled $60.8 million and $51.4 million, respectively. Delek Logistics Investments Delek Logistics has a 33% membership interest in Red River Pipeline Company LLC (“Red River”), which owns a 16-inch crude oil pipeline running from Cushing, Oklahoma to Longview, Texas. As of March 31, 2024 and December 31, 2023, Delek's investment balance in Red River totaled $140.0 million and $141.1 million, respectively. In addition to Red River, Delek Logistics has two other pipeline joint ventures in which we own a 50% membership interest in the entity formed with an affiliate of Plains All American Pipeline, L.P. to operate one of these pipeline systems and a 33% membership interest in Andeavor Logistics Rio Pipeline LLC which operates the other pipeline system. As of March 31, 2024 and December 31, 2023, Delek Logistics' investment balance in these joint ventures was $98.2 million and $100.3 million. Other Investments

Inventory

Inventory	3 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
Inventory	Inventory Crude oil feedstocks, refined products, blendstocks and asphalt inventory for all of our operations, excluding merchandise inventory in our retail segment, are stated at the lower of cost determined using the first-in, first-out ("FIFO") basis or net realizable value. Retail merchandise inventory consists of cigarettes, beer, convenience merchandise and food service merchandise and is stated at estimated cost as determined by the retail inventory method. The following table presents the components of inventory for each period presented: Titled Inventory Inventory Intermediation Agreement (1) Total March 31, 2024 Feedstocks, raw materials and supplies $ 294.1 $ 150.5 $ 444.6 Refined products and blendstock 245.0 316.5 561.5 Merchandise inventory and other 31.7 — 31.7 Total $ 570.8 $ 467.0 $ 1,037.8 December 31, 2023 Feedstocks, raw materials and supplies $ 250.2 $ 116.9 $ 367.1 Refined products and blendstock 278.6 304.8 583.4 Merchandise inventory and other 31.4 — 31.4 Total $ 560.2 $ 421.7 $ 981.9 (1) Refer to Note 7 - Inventory Intermediation Obligations for further information. At March 31, 2024, we recorded a pre-tax inventory valuation reserve of $2.8 million due to a market price decline below our cost of certain inventory products. At December 31, 2023, we recorded a pre-tax inventory valuation reserve of $11.6 million. For the three months ended March 31, 2024 and 2023, we recognized a net reduction in cost of materials and other in the accompanying condensed consolidated statements of income related to the change in pre-tax inventory valuation of $8.8 million and $1.7 million, respectively.

Inventory Intermediation Obliga

Inventory Intermediation Obligations	3 Months Ended
	Mar. 31, 2024
Other Liabilities Disclosure [Abstract]
Inventory Intermediation Obligations	Inventory Intermediation Obligations The following table summarizes our outstanding obligations under our Inventory Intermediation Agreement: As of March 31, 2024 As of December 31, 2023 Obligations under Inventory Intermediation Agreement Obligations related to Base Layer Volumes $ 492.7 $ 407.2 Current portion — 0.4 Total obligations under Inventory Intermediation Agreement $ 492.7 $ 407.6 Other (receivable) payable for monthly activity true-up $ (23.8) $ (9.3) Included in the Inventory Intermediation Agreement are cost of financing associated with the value of the inventory and other periodic charges, which we include in interest expense, net in the condensed consolidated statements of income. In addition to the cost of financing charges, we have other intermediation fees which include market structure settlements, where we may pay or receive amounts based on market conditions and volumes subject to the intermediation agreement. These market structure settlements are recorded in cost of materials and other in the condensed consolidated statements of income. The following table summarizes these fees: Three Months Ended March 31, 2024 2023 Net fees and (income) expenses: Inventory intermediation fees $ (5.6) $ 5.9 Interest expense, net $ 16.5 $ 14.0 Inventory Intermediation Agreement On December 22, 2022, Delek entered into an inventory intermediation agreement ("Inventory Intermediation Agreement") with Citigroup Energy Inc. ("Citi") in connection with DK Trading & Supply, LLC ("DKTS"), an indirect subsidiary of Delek. Pursuant to the Inventory Intermediation Agreement, Citi will (i) purchase from and sell to DKTS crude oil and other petroleum feedstocks in connection with refining processing operations at El Dorado, Big Spring, and Krotz Springs, (ii) purchase from and sell to DKTS all refined products produced by such refineries other than certain excluded products and (iii) in connection with such purchases and sales, DKTS will enter into certain market risk hedges in each case, on the terms and subject to certain conditions. The Inventory Intermediation Agreement results in up to $800 million of working capital capacity for DKTS. On December 21, 2023, DKTS amended the Inventory Intermediation Agreement to among other things, (i) extend the term of the Inventory Intermediation Agreement from December 30, 2024 to January 31, 2026, (ii) reduce Citi’s unilateral term extension option from a twelve month extension period to a six month extension period and (iii) increase the amount of the payment deferral mechanism from $70 million to $250 million. As of March 31, 2024 and December 31, 2023, we had letters of credit outstanding of $185.0 million and $230.0 million, respectively, supporting the Inventory Intermediation Agreement. The Inventory Intermediation Agreement provides for the lease to Citi of crude oil and refined product storage facilities. At the inception of the Inventory Intermediation Agreement, we transferred title to a certain number of barrels of crude and other inventories to Citi, and the Inventory Intermediation Agreement requires the repurchase of the remaining inventory (including certain "Base Layer Volumes") at termination. As of March 31, 2024 and December 31, 2023, the volumes subject to the Inventory Intermediation Agreement totaled 5.5 million barrels and 5.4 million barrels, including Base Layer Volumes associated with our non-current inventory intermediation obligation of 5.5 million barrels. The Inventory Intermediation Agreement is accounted for as an inventory financing arrangement under the fair value election provided by Accounting Standards Codification ("ASC") 815 Derivatives and Hedging ("ASC 815") and ASC 825, Financial Instruments ("ASC 825"). Therefore, the crude oil and refined products barrels subject to the Inventory Intermediation Agreement will continue to be reported in our condensed consolidated balance sheets until processed and sold to a third party. At each reporting period, we record a liability equal to the repurchase obligation to Citi at current market prices. The repurchase obligations associated with the Base Layer Volumes are reflected as non-current liabilities on our condensed consolidated balance sheets to the extent that they are not contractually due within twelve months. The remaining obligation resulting from our monthly activity, including long and short inventory positions valued at market-indexed pricing, are included in current liabilities (or receivables) on our condensed consolidated balance sheets.

Long-Term Obligations

Long-Term Obligations	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Long-Term Obligations	Long-Term ObligationsOutstanding borrowings under debt instruments are as follows (in millions): March 31, 2024 December 31, 2023 Delek Term Loan Credit Facility 938.1 940.5 Delek Logistics Revolving Facility 565.2 780.5 Delek Logistics Term Loan Facility — 281.3 Delek Logistics 2025 Notes — 250.0 Delek Logistics 2028 Notes 400.0 400.0 Delek Logistics 2029 Notes 650.0 — United Community Bank Revolver 5.0 5.0 Principle amount of long-term debt 2,558.3 2,657.3 Less: Unamortized discount and deferred financing costs (61.4) (57.5) Total debt, net of unamortized discount and deferred financing costs 2,496.9 2,599.8 Less: Current portion of long-term debt 14.5 44.5 Long-term debt, net of current portion $ 2,482.4 $ 2,555.3 Delek Term Loan Credit Facility On November 18, 2022, Delek entered into an amended and restated term loan credit agreement (the "Delek Term Loan Credit Facility") providing for a senior secured term loan facility in an initial principal of $950.0 million at a discount of 4.00%. This senior secured facility allows for $400.0 million in incremental loans subject to certain restrictions. Repayment terms include quarterly principal payments of $2.4 million with the balance of principal due on November 19, 2029. At Delek’s option, borrowings bear interest at either the Adjusted Term Secured Overnight Financing Rate ("SOFR") or base rate as defined by the agreement, plus an applicable margin of 2.50% per annum with respect to base rate borrowings and 3.50% per annum with respect to SOFR borrowings. At March 31, 2024 and December 31, 2023, the weighted average borrowing rate was approximately 8.93% and 8.96%, respectively. The effective interest rate was 10.15% as of March 31, 2024. Delek Logistics Term Loan Facility On October 13, 2022, Delek Logistics entered into a senior secured term loan with an original principal of $300.0 million ("the Delek Logistics Term Loan Facility"). The outstanding principal balance of $281.3 million was paid on March 13, 2024 from a portion of the proceeds received from the issuance of the Delek Logistics 2029 Notes as indicated below. At Delek Logistics' option, borrowings bore interest at either the SOFR or U.S. dollar prime rate, plus an applicable margin. The applicable margin was 2.50% for the first year and 3.00% for the second year for U.S. dollar primate rate borrowings. SOFR borrowings include a credit spread adjustment of 0.10% to 0.25% plus an applicable margin of 3.50% for the first year and 4.00% for the second year. Debt extinguishment costs were $2.1 million and are recorded in interest expense, net in the accompanying condensed consolidated statements of income. Revolving Credit Facilities Available capacity and amounts outstanding for each of our revolving credit facilities as of March 31, 2024 are shown below (in millions): Total Capacity Outstanding Borrowings Outstanding Letters of Credit Available Capacity Maturity Date Delek Revolving Credit Facility (1) $ 1,100.0 $ — $ 280.5 $ 819.5 October 26, 2027 Delek Logistics Revolving Facility (2) $ 1,150.0 $ 565.2 $ — $ 584.8 October 13, 2027 United Community Bank Revolver (3) $ 25.0 $ 5.0 $ — $ 20.0 June 30, 2024 (1) Total capacity includes letters of credit up to $500.0 million. This facility requires a quarterly unused commitment fee based on average commitment usage, currently at 0.30% per annum. Interest is measured at either the SOFR, base rate, or Canadian dollar bankers’ acceptances rate (“CDOR”), plus an applicable margin of 0.25% to 0.75% per annum with respect to base rate borrowings or 1.25% to 1.75% per annum with respect to SOFR and CDOR. (2) Total capacity includes letters of credit up to $146.9 million and $31.9 million for swing line loans. This facility requires a quarterly unused commitment fee based on average commitment usage, currently at 0.45% per annum. Interest is measured at either the U.S. dollar prime rate plus an applicable margin of 1.00% to 2.00% depending on Delek Logistics’ leverage ratio, or a SOFR rate plus a credit spread adjustment of 0.10% to 0.25% and an applicable margin ranging from 2.00% to 3.00% depending on the leverage ratio. As of March 31, 2024 and December 31, 2023, the weighted average interest rate was 8.18% and 8.46%, respectively. (3) Interest is measured as a variable rate equal to the Wall Street Journal Prime Rate minus 0.75%. Requires a quarterly fee of 0.25% per year on the average unused revolving commitment. The weighted average borrowing rate as of March 31, 2024 and December 31, 2023 was 7.75% and 7.75%, respectively. Delek Logistics Revolving Facility On March 29, 2024, Delek Logistics entered into a fourth amendment to the Delek Logistics Revolving Facility which among other things increased the U.S. Revolving Credit Commitments (as defined in the Delek Logistics Credit Facility) by an amount equal to $100.0 million resulting in aggregate lender commitments under the Delek Logistics Revolving Credit Facility in an amount of $1,150.0 million. Delek Logistics 2029 Notes On March 13, 2024, Delek Logistics and its wholly owned subsidiary Delek Logistics Finance Corp. (“Finance Corp.” and together with Delek Logistics, the “Co-issuers”), sold $650.0 million in aggregate principal amount of the Co-issuers 8.625% Senior Notes due 2029 (the “Delek Logistics 2029 Notes”), at par, pursuant to an indenture with U.S. Bank Trust Company, National Association as trustee. Net proceeds were used to redeem the Delek Logistics 2025 Notes including accrued interest, pay off the Delek Logistics Term Loan Facility including accrued interest and to repay a portion of the outstanding borrowings under the Delek Logistics Revolving Facility. On April 17, 2024, the Co-issuers sold $200.0 million in aggregate principal amount of additional 8.625% senior notes due 2029 (the “Additional 2029 Notes”), at 101.25%. The Additional 2029 Notes were issued under the same indenture as the Delek Logistics 2029 Notes and formed a part of the same series of notes as the Delek Logistics 2029 Notes. The net proceeds were used to repay a portion of the outstanding borrowings under the Delek Logistics Revolving Facility. The Delek Logistics 2029 Notes are general unsecured senior obligations of the Co-issuers and are unconditionally guaranteed jointly and severally on a senior unsecured basis by Delek Logistics’ subsidiaries other than Finance Corp. and will be unconditionally guaranteed on the same basis by certain of Delek Logistics’ future subsidiaries. The Delek Logistics 2029 Notes rank equal in right of payment with all existing and future senior indebtedness of the Co-issuers, and senior in right of payment to any future subordinated indebtedness of the Co-issuers. Delek Logistics recorded $10.4 million of debt issuance costs which will be amortized over the term of the Delek Logistics 2029 Notes and included in interest expense in the condensed consolidated statements of income. The Delek Logistics 2029 Notes will mature on March 15, 2029, and interest is payable semi-annually in arrears on each March 15 and September 15, commencing September 15, 2024. At any time prior to March 15, 2026, the Co-issuers may redeem up to 35% of the aggregate principal amount of the Delek Logistics 2029 Notes with the net cash proceeds of one or more equity offerings by Delek Logistics at a redemption price of 108.625% of the redeemed principal amount, plus accrued and unpaid interest, if any, subject to certain conditions and limitations. Prior to March 15, 2026, the Co-issuers may also redeem all or part of the Delek Logistics 2029 Notes at a redemption price of the principal amount plus accrued and unpaid interest, if any, plus a "make whole" premium, subject to certain conditions and limitations. In addition, beginning on March 15, 2026, the Co-issuers may, subject to certain conditions and limitations, redeem all or part of the Delek Logistics 2029 Notes, at a redemption price of 104.313% of the redeemed principal for the twelve-month period beginning on March 15, 2026, 102.156% for the twelve-month period beginning on March 15, 2027, and 100.00% beginning on March 15, 2028 and thereafter, plus accrued and unpaid interest, if any. In the event of a change of control, accompanied or followed by a ratings downgrade within a certain period of time, subject to certain conditions and limitations, the Co-issuers will be obligated to make an offer for the purchase of the Delek Logistics 2029 Notes from holders at a price equal to 101.00% of the principal amount thereof, plus accrued and unpaid interest. As of March 31, 2024, the effective interest rate was 8.81%. Delek Logistics 2028 Notes On May 24, 2021, Delek Logistics and Finance Corp. issued general unsecured senior obligations comprised of $400.0 million in aggregate principal amount of 7.125% senior notes maturing June 1, 2028 ("the Delek Logistics 2028 Notes"). The Delek Logistics 2028 Notes are unconditionally guaranteed jointly and severally on a senior unsecured basis by Delek Logistics’ subsidiaries (other than Finance Corp.) and will be unconditionally guaranteed on the same basis by certain of Delek Logistics’ future subsidiaries. Interest is payable semi-annually in arrears on June 1 and December 1. As of March 31, 2024, the effective interest rate was 7.39%. Delek Logistics 2025 Notes In May 2018, Delek Logistics and Finance Corp. issued general unsecured senior obligations comprised of $250.0 million in aggregate principal of 6.75% senior notes maturing on May 15, 2025 ("the Delek Logistics 2025 Notes"). Concurrent with the issuance of the Delek Logistics 2029 Notes, Delek Logistics made a cash tender offer (the "Offer") for all of the outstanding Delek Logistic 2025 Notes with a conditional notice of full redemption for the remaining balance not received from the Offer. The Company received tenders from holders of approximately $156.2 million in aggregate principal amount. All the remaining Delek Logistic 2025 Notes were redeemed by March 29, 2024, pursuant to the notice of conditional redemption. Debt extinguishment costs were $1.5 million and are recorded in interest expense, net in the accompanying condensed consolidated statements of income. Guarantees Under Revolver and Term Facilities The obligations of the borrowers under the Delek Term Loan Credit Facility and the Delek Revolving Credit Facility are guaranteed by Delek and each of its direct and indirect, existing and future, wholly-owned domestic subsidiaries, subject to customary exceptions and limitations, and excluding Delek Logistics Partners, LP, Delek Logistics GP, LLC, and each subsidiary of the foregoing (collectively, the "MLP Subsidiaries"). Borrowings under the Delek Term Loan Credit Facility and the Delek Revolving Credit Facility are also guaranteed by DK Canada Energy ULC, a British Columbia unlimited liability company and a wholly-owned restricted subsidiary of Delek. The obligations under the Delek Logistics Revolving Facility are secured by first priority liens on substantially all of Delek Logistics' tangible and intangible assets. Restrictive Terms and Covenants Under the terms of our debt facilities, we are required to comply with usual and customary financial and non-financial covenants. Certain of our debt facilities contain limitations on future transactions such as incurrence of additional indebtedness, investments, affiliate transactions, asset acquisitions or dispositions, and dividends or distributions. As of March 31, 2024, we were in compliance with covenants on all of our debt instruments. Some of Delek's subsidiaries have restrictions in their respective credit facilities limiting their use of assets. As of March 31, 2024, we had no subsidiaries with restricted net assets which would prohibit earnings from being transferred to the parent company for its use.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments We use the majority of our derivatives to reduce normal operating and market risks with the primary objective of reducing the impact of market price volatility on our results of operations. As such, our use of derivative contracts is aimed at: • limiting our exposure to commodity price fluctuations on inventory above or below target levels (where appropriate) within each of our segments; • managing our exposure to commodity price risk associated with the purchase or sale of crude oil, feedstocks/intermediates and finished grade fuel within each of our segments; • managing our exposure to market crack spread fluctuations; • managing the cost of our Renewable Identification Numbers ("RINs") credits required by the U.S. Environmental Protection Agency ("EPA") to blend biofuels into fuel products ("RINs Obligation") using future commitments to purchase or sell RINs at fixed prices and quantities; and • limiting the exposure to interest rate fluctuations on our floating rate borrowings. We primarily utilize commodity swaps, futures, forward contracts and options contracts, generally with maturity dates of three years or less, and from time to time interest rate swaps or caps to achieve these objectives. Futures contracts are standardized agreements, traded on a futures exchange, to buy or sell the commodity at a predetermined price and location at a specified future date. Options provide the right, but not the obligation to buy or sell a commodity at a specified price in the future. Commodity swaps and futures contracts require cash settlement for the commodity based on the difference between a fixed or floating price and the market price on the settlement date, and options require payment/receipt of an upfront premium. Because these derivatives are entered into to achieve objectives specifically related to our inventory and production risks, such gains and losses (to the extent not designated as accounting hedges and recognized on an unrealized basis in other comprehensive income) are recognized in cost of materials and other. Forward contracts are agreements to buy or sell a commodity at a predetermined price at a specified future date, and for our transactions, generally require physical delivery. Forward contracts where the underlying commodity will be used or sold in the normal course of business qualify as normal purchases and normal sales ("NPNS") pursuant to ASC 815. If we elect the NPNS exception, such forward contracts are not accounted for as derivative instruments but rather are accounted for under other applicable GAAP. Commodity forward contracts accounted for as derivative instruments are recorded at fair value with changes in fair value recognized in earnings in the period of change. Our Canadian crude trading operations are accounted for as derivative instruments, and the related unrealized and realized gains and losses are recognized in other operating income, net on the condensed consolidated statements of income. Additionally, as of and for the three months ended March 31, 2024, other forward contracts accounted for as derivatives that are specific to managing crude costs rather than for trading purposes are recognized in cost of materials and other on the condensed consolidated statements of income in our refining segment, and are included in our disclosures of commodity derivatives in the tables below. Futures, swaps or other commodity related derivative instruments that are utilized to specifically provide economic hedges on our Canadian forward contract or investment positions are recognized in other operating income, net because that is where the related underlying transactions are reflected. From time to time, we also enter into future commitments to purchase or sell RINs at fixed prices and quantities, which are used to manage the costs associated with our RINs Obligation. These future RINs commitment contracts meet the definition of derivative instruments under ASC 815, and are recorded at estimated fair value in accordance with the provisions of ASC 815. Changes in the fair value of these future RINs commitment contracts are recorded in cost of materials and other on the condensed consolidated statements of income. As of March 31, 2024, we do not believe there is any material credit risk with respect to the counterparties to any of our derivative contracts. The following table presents the fair value of our derivative instruments as of March 31, 2024 and December 31, 2023. The fair value amounts below are presented on a gross basis and do not reflect the netting of asset and liability positions permitted under our master netting arrangements, including cash collateral on deposit with our counterparties. We have elected to offset the recognized fair value amounts for multiple derivative instruments executed with the same counterparty in our financial statements. As a result, the asset and liability amounts below differ from the amounts presented in our condensed consolidated balance sheets. See Note 10 for further information regarding the fair value of derivative instruments (in millions). March 31, 2024 December 31, 2023 Derivative Type Balance Sheet Location Assets Liabilities Assets Liabilities Derivatives not designated as hedging instruments: Commodity derivatives (1) Other current assets $ — $ — $ 6.6 $ (7.1) Commodity derivatives (1) Other current liabilities 12.9 (23.2) — (0.8) Commodity derivatives (1) Other long-term assets — — — — RINs commitment contracts (2) Other current assets 8.2 — — — RINs commitment contracts (2) Other current liabilities — (19.7) — (3.1) Total gross fair value of derivatives 21.1 (42.9) 6.6 (11.0) Less: Counterparty netting and cash collateral (3) 12.9 (18.6) 5.3 (7.1) Total net fair value of derivatives $ 8.2 $ (24.3) $ 1.3 $ (3.9) (1) As of March 31, 2024 and December 31, 2023, we had open derivative positions representing 43,355,000 and 55,336,870 barrels, respectively, of crude oil and refined petroleum products. (2) As of March 31, 2024 and December 31, 2023, we had open RINs commitment contracts representing 161,850,000 and 41,636,461 RINs, respectively. (3) As of March 31, 2024 and December 31, 2023, $5.7 million and $1.8 million, respectively, of cash collateral held by counterparties has been netted with the derivatives with each counterparty. Total gains (losses) on our non-trading commodity derivatives and RINs commitment contracts recorded in the condensed consolidated statements of income are as follows (in millions) (2) : Three Months Ended March 31, 2024 2023 (Losses) gains on hedging derivatives not designated as hedging instruments recognized in cost of materials and other (1) $ (21.7) $ 5.3 Losses on non-trading physical forward contract commodity derivatives in cost of materials and other — (2.4) Total (losses) gains $ (21.7) $ 2.9 (1) (Losses) gains on commodity derivatives that are economic hedges but not designated as hedging instruments include unrealized (losses) gains of $(9.0) million and $30.0 million for the three months ended March 31, 2024 and 2023, respectively. (2) See separate table below for disclosures about "trading derivatives." Total gains (losses) on our trading derivatives (none of which were designated as hedging instruments) recorded in other operating (income) expense, net on the condensed consolidated statements of income are as follows (in millions): Three Months Ended March 31, 2024 2023 Trading Physical Forward Contract Commodity Derivatives Realized gains $ 0.2 $ 1.4 Unrealized losses — (1.8) Total $ 0.2 $ (0.4) Trading Hedging Commodity Derivatives Realized gains $ — $ 1.4 Unrealized gains — 1.1 Total $ — $ 2.5

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Our assets and liabilities that are measured at fair value include commodity derivatives, investment commodities, environmental credits obligations, and our Inventory Intermediation Agreement. ASC 820, Fair Value Measurements ("ASC 820") requires disclosures that categorize assets and liabilities measured at fair value into one of three different levels depending on the observability of the inputs employed in the measurement. Level 1 inputs are quoted prices in active markets for identical assets or liabilities. Level 2 inputs are observable inputs other than quoted prices included within Level 1 for the asset or liability, either directly or indirectly through market-corroborated inputs. Level 3 inputs are unobservable inputs for the asset or liability reflecting our assumptions about pricing by market participants. Our commodity derivative contracts, which consist of commodity swaps, exchange-traded futures, options and physical commodity forward purchase and sale contracts (that do not qualify for the NPNS exception under ASC 815), are valued based on exchange pricing and/or price index developers such as Platts or Argus and are, therefore, classified as Level 2. Our RINs commitment contracts are future commitments to purchase or sell RINs at fixed prices and quantities, which are used to manage the costs associated with our Consolidated Net RINs Obligation. These RINs commitment contracts (which are forward contracts accounted for as derivatives – see Note 9) are categorized as Level 2, and are measured at fair value based on quoted prices from an independent pricing service. Our environmental credits obligation includes the Consolidated Net RINs Obligation, as well as other environmental credit obligation positions subject to fair value accounting pursuant to our accounting policy. The environmental credits obligation is categorized as Level 2, if measured at fair value either directly through observable inputs or indirectly through market-corroborated inputs, and gains (losses) related to changes in fair value are recorded as a component of cost of materials and other in the condensed consolidated statements of income. With respect to our Consolidated Net RINs Obligation, we recognized no gain on changes in fair value for the three months ended March 31, 2024 and a gain totaling $0.3 million for the three months ended March 31, 2023, primarily attributable to changes in the market prices of the underlying credits that occurred at the end of each quarter. We elected to account for our Inventory Intermediation step-out liability at fair value in accordance with ASC 825, as it pertains to the fair value option. This standard permits the election to carry financial instruments and certain other items similar to financial instruments at fair value on the balance sheet, with all changes in fair value reported in earnings. With respect to the Inventory Intermediation Agreement, we apply fair value measurement as follows: (1) we determine fair value for our amended variable step-out liability based on changes in fair value related to market volatility based on a floating commodity-index price, and for our amended fixed step-out liability based on changes to interest rates and the timing and amount of expected future cash settlements where such obligation is categorized as Level 2. Gains (losses) related to changes in fair value due to commodity-index price are recorded as a component of cost of materials and other, and changes in fair value due to interest rate risk are recorded as a component of interest expense in the condensed consolidated statements of income; and (2) we determine fair value of the commodity-indexed revolving over/short inventory financing liability based on the market prices for the consigned crude oil and refined products collateralizing the financing/funding where such obligation is categorized as Level 2 and is presented in the current portion of the obligation under Inventory Intermediation Agreement on our condensed consolidated balance sheets. Gains (losses) related to the change in fair value are recorded as a component of cost of materials and other in the condensed consolidated statements of income. See Note 7 for discussion of gains and losses recognized from changes in fair value. The fair value of the Delek Logistics 2028 Notes is measured based on quoted market prices in an active market, defined as Level 1 in the fair value hierarchy. The carrying value (excluding unamortized debt issuance costs) and estimated fair value of these notes was $400.0 million and $391.4 million, respectively, as of March 31, 2024, and $400.0 million and $380.4 million, respectively, at December 31, 2023. Also, the fair value of the Delek Logistics 2029 Notes is measured based on quoted market prices in an active market, defined as Level 1 in the fair value hierarchy. The carrying value (excluding unamortized debt issuance costs) and estimated fair value of these notes was $650.0 million and $664.3 million, respectively, as of March 31, 2024. The fair value approximates the historical or amortized cost basis comprising our carrying value for all other financial instruments and therefore are not included in the table below. 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 March 31, 2024 Level 1 Level 2 Level 3 Total Assets Commodity derivatives $ — $ 12.9 $ — $ 12.9 RINs commitment contracts — 8.2 — 8.2 Total assets — 21.1 — 21.1 Liabilities Commodity derivatives — (23.2) — (23.2) RINs commitment contracts — (19.7) — (19.7) Environmental credits obligation deficit — (113.1) — (113.1) Inventory Intermediation Agreement obligation — (492.7) — (492.7) Total liabilities — (648.7) — (648.7) Net liabilities $ — $ (627.6) $ — $ (627.6) As of December 31, 2023 Level 1 Level 2 Level 3 Total Assets Commodity derivatives $ — $ 6.6 $ — $ 6.6 RINs commitment contracts — — — — Total assets — 6.6 — 6.6 Liabilities Commodity derivatives — (7.9) — (7.9) RINs commitment contracts — (3.1) — (3.1) Environmental credits obligation deficit — (39.6) — (39.6) Inventory Intermediation Agreement obligation — (407.6) — (407.6) Total liabilities — (458.2) — (458.2) Net liabilities $ — $ (451.6) $ — $ (451.6) The derivative values above are based on analysis of each contract as the fundamental unit of account as required by ASC 820. In the table above, derivative assets and liabilities with the same counterparty are not netted where the legal right of offset exists. This differs from the presentation in the financial statements which reflects our policy, wherein we have elected to offset the fair value amounts recognized for multiple derivative instruments executed with the same counterparty and where the legal right of offset exists. As of March 31, 2024 and December 31, 2023, $5.7 million and $1.8 million, respectively, of cash collateral was held by counterparty brokerage firms and has been netted with the net derivative positions with each counterparty. See Note 9 for further information regarding derivative instruments.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation In the ordinary conduct of our business, we are from time to time subject to lawsuits, investigations and claims, including environmental claims and employee-related matters. Although we cannot predict with certainty the ultimate resolution of lawsuits, investigations and claims asserted against us, including civil penalties or other enforcement actions, we do not believe that any currently pending legal proceeding or proceedings to which we are a party will have a material adverse effect on our financial statements. Certain environmental matters that have or may result in penalties or assessments are discussed below in the "Environmental, Health and Safety" section of this note. Environmental, Health and Safety We are subject to extensive federal, state and local environmental and safety laws and regulations enforced by various agencies, including the EPA, the U.S. Department of Transportation and the Occupational Safety and Health Administration, as well as numerous state, regional and local environmental, safety and pipeline agencies. These laws and regulations govern the discharge of materials into the environment, waste management practices, pollution prevention measures and the composition of the fuels we produce, as well as the safe operation of our plants and pipelines and the safety of our workers and the public. Numerous permits or other authorizations are required under these laws and regulations for the operation of our refineries, renewable fuels facilities, terminals, pipelines, underground storage tanks, trucks, rail cars and related operations, and may be subject to revocation, modification and renewal. These laws and permits raise potential exposure to future claims and lawsuits involving environmental and safety matters which could include soil and water contamination, air pollution, personal injury and property damage allegedly caused by substances which we manufactured, handled, used, released or disposed of, transported, or that relate to pre-existing conditions for which we have assumed responsibility. We believe that our current operations are in substantial compliance with existing environmental and safety requirements. However, there have been and will continue to be ongoing discussions about environmental and safety matters between us and federal and state authorities, including notices of violations, citations and other enforcement actions, some of which have resulted or may result in changes to operating procedures and in capital expenditures. While it is often difficult to quantify future environmental or safety related expenditures, we anticipate that continuing capital investments and changes in operating procedures will be required for the foreseeable future to comply with existing and new requirements, as well as evolving interpretations and more strict enforcement of existing laws and regulations. As of March 31, 2024, we have recorded an environmental liability of approximately $113.4 million, primarily related to the estimated probable costs of remediating or otherwise addressing certain environmental issues of a non-capital nature at our refineries, as well as terminals, some of which we no longer own. This liability includes estimated costs for ongoing investigation and remediation efforts for known contamination of soil and groundwater. Approximately $2.9 million of the total liability Included in our environmental liabilities as of both March 31, 2024 and December 31, 2023 is a liability totaling $78.5 million related to a property that we have historically operated as an asphalt and marine fuel terminal both as an owner and, subsequently, as a lessee under an in-substance lease agreement (the “License Agreement”). The License Agreement, which provided us the license to continue operating our asphalt and marine fuel terminal operations on the property for a term of ten years and expired in June 2020, also ascribed a contractual noncontingent indemnification guarantee to certain of our wholly-owned subsidiaries related to certain incremental environmental remediation activities, predicated on the completion of certain property development activities ascribed to the lessor. Our combined liability, comprised of our environmental liability plus the estimated fair value of the noncontingent guarantee liability, was recorded in connection with the Delek/Alon Merger, effective July 1, 2017. While the License Agreement expired in June 2020, it is currently being disputed in litigation where we have determined that no loss accrual is necessary and that the amount of incremental loss that is reasonably possible is immaterial as of March 31, 2024. Such ongoing dispute causes sufficient uncertainty around the release of risk and the appropriate joint and several liability allocations thereunder that we cannot currently determine a more reasonable estimate of the potential total contingent liability that is probable, nor do we have sufficient information to better estimate the fair value of any remaining noncontingent guarantee liability. As such, as of March 31, 2024 and December 31, 2023, except for accretion and expenditures, our combined environmental liability related to the terminal and property remained unchanged.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Under ASC 740, Income Taxes (“ASC 740”), we generally use an estimated annual tax rate to record income taxes. For interim financial reporting, except in specified cases, the quarterly income tax provision aligns with the estimated annual tax rate, updated each quarter based on revised full-year pre-tax book earnings. In certain situations, the estimated annual tax rate may distort the interim income tax provision due to significant permanent differences. In such cases, the interim income tax provision is based on the year-to-date effective tax rate, adjusting for permanent differences proportionall y. In the three months ended March 31, 2024, income taxes were calculated based on the year-to-date effective tax rate. In the three months ended March 31, 2023, income taxes were calculated based on the estimated annual tax rate.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Our related party transactions consist primarily of transactions with our equity method investees (See Note 5). Transactions with our related parties were as follows for the periods presented (in millions): Three Months Ended March 31, 2024 2023 Revenues (1) $ 22.0 $ 17.9 Cost of materials and other (2) $ 57.8 $ 45.5 (1) Consists primarily of asphalt sales which are recorded in corporate, other and eliminations segment. (2) Consists primarily of pipeline throughput fees paid by the refining segment and asphalt purchases.

Other Current Assets and Liabil

Other Current Assets and Liabilities	3 Months Ended
	Mar. 31, 2024
Other Current Assets and Liabilities [Abstract]
Other Current Assets and Liabilities	Other Current Assets and Liabilities The detail of other current assets is as follows (in millions): Other Current Assets March 31, 2024 December 31, 2023 Prepaid expenses $ 62.1 $ 47.8 Income and other tax receivables 8.4 15.5 Short-term derivative assets (see Note 9) 8.2 1.3 Investment commodities 1.9 4.0 Other 4.6 9.6 Total $ 85.2 $ 78.2 The detail of accrued expenses and other current liabilities is as follows (in millions): Accrued Expenses and Other Current Liabilities March 31, 2024 December 31, 2023 Crude purchase liabilities $ 288.9 $ 190.7 Income and other taxes payable 158.7 166.9 Consolidated Net RINs Obligation deficit (see Note 10) 113.1 39.6 Deferred revenue 66.7 16.0 Employee costs 61.5 67.0 Product financing agreements 31.0 224.2 Short-term derivative liabilities (see Note 9) 24.3 3.9 Other 64.0 62.9 Total $ 808.2 $ 771.2

Equity-Based Compensation

Equity-Based Compensation	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Equity-Based Compensation	Equity-Based Compensation Delek US Holdings, Inc. 2006 and 2016 and Alon USA Energy, Inc. 2005 Long-Term Incentive Plans (collectively, the "Incentive Plans") Compensation expense related to equity-based awards granted under the Incentive Plans amounted to $6.3 million and $5.9 million for the three months ended March 31, 2024 and 2023, respectively. These amounts are included in general and administrative expenses and operating expenses in the accompanying condensed consolidated statements of income. As of March 31, 2024, there was $42.7 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements, which is expected to be recognized over a weighted-average period of 1.5 years. We issued net shares of common stock of 44,374 and 53,643 as a result of exercised or vested equity-based awards during the three months ended March 31, 2024 and 2023, respectively. These amounts are net of 35,434 and 20,463 shares withheld to satisfy employee tax obligations related to the exercises and vesting during the three months ended March 31, 2024 and 2023, respectively.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Shareholders' Equity	Shareholders' Equity Dividends For 2024, our Board of Directors declared the following dividends: Approval Date Dividend Amount Per Share Record Date Payment Date February 20, 2024 $0.245 March 1, 2024 March 8, 2024 May 2, 2024 $0.250 May 17, 2024 May 24, 2024 Stock Repurchase Program Our Board of Directors has authorized a share repurchase program under which repurchases of Delek common stock may be executed through open market transactions or privately negotiated transactions, in accordance with applicable securities laws. The timing, price and size of repurchases are made at the discretion of management and will depend on prevailing share prices, general economic and market conditions and other considerations. The authorization has no expiration date. During the three months ended March 31, 2023, 16,292 shares of our common stock were repurchased and cancelled at the time of the transaction for a total of $0.4 million. No common stock repurchases were made in the three month ended March 31, 2024. As of March 31, 2024, there was $185.1 million of authorization remaining under Delek's aggregate stock repurchase program.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (32.6)	$ 64.3

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Our condensed consolidated financial statements include the accounts of Delek and its subsidiaries. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with United States ("U.S.") Generally Accepted Accounting Principles ("GAAP") have been condensed or omitted, although management believes that the disclosures herein are adequate to make the financial information presented not misleading. Our unaudited condensed consolidated financial statements have been prepared in conformity with GAAP applied on a consistent basis with those of the annual audited consolidated financial statements included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on February 28, 2024 (the "Annual Report on Form 10-K") and in accordance with the rules and regulations of the SEC. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto for the year ended December 31, 2023 included in our Annual Report on Form 10-K.
Variable Interest Entities	Our condensed consolidated financial statements include Delek Logistics Partners, LP ("Delek Logistics", NYSE:DKL), which is a variable interest entity ("VIE"). As the indirect owner of the general partner of Delek Logistics, we have the ability to direct the activities of this entity that most significantly impact its economic performance. We are also considered to be the primary beneficiary for accounting purposes for this entity and are Delek Logistics' primary customer. In the event that Delek Logistics incurs a loss, our operating results will reflect such loss, net of intercompany eliminations, to the extent of our ownership interest in this entity.
Consolidation, Policy	In the opinion of management, all adjustments necessary for a fair presentation of the financial condition and the results of operations for the interim periods have been included. All significant intercompany transactions and account balances have been eliminated in consolidation. All adjustments are of a normal, recurring nature. Operating results for the interim period should not be viewed as representative of results that may be expected for any future interim period or for the full year.
Segment Reporting	We aggregate our operating units into three reportable segments: Refining, Logistics, and Retail. 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, including our Canadian crude trading operations (as discussed in Note 9); and • intercompany eliminations. The disaggregated financial results for the reporting 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 CODM evaluates performance based upon 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 and amortization. Segment EBITDA should not be considered a substitute for results prepared in accordance with U.S. GAAP and should not be considered alternatives 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.
Inventory	Crude oil feedstocks, refined products, blendstocks and asphalt inventory for all of our operations, excluding merchandise inventory in our retail segment, are stated at the lower of cost determined using the first-in, first-out ("FIFO") basis or net realizable value. Retail merchandise inventory consists of cigarettes, beer, convenience merchandise and food service merchandise and is stated at estimated cost as determined by the retail inventory method.

Segment Data (Tables)

Segment Data (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	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 March 31, 2024 (In millions) Refining Logistics Retail Corporate, Consolidated Net revenues (excluding intercompany fees and revenues) $ 2,921.6 $ 112.5 $ 193.5 $ — $ 3,227.6 Inter-segment fees and revenues 186.7 139.6 — (326.3) — Total revenues $ 3,108.3 $ 252.1 $ 193.5 $ (326.3) $ 3,227.6 Segment EBITDA attributable to Delek $ 101.1 $ 99.7 $ 6.5 $ (64.2) $ 143.1 Depreciation and amortization (61.4) (26.5) (3.5) (3.8) (95.2) Interest expense, net (12.1) (40.3) — (35.3) (87.7) Income tax benefit 7.2 Net loss attributable to Delek $ (32.6) Income from equity method investments $ — $ (8.5) $ — $ (13.4) $ (21.9) Capital spending (1) $ 21.5 $ 15.2 $ 4.1 $ 5.1 $ 45.9 Three Months Ended March 31, 2023 (In millions) Refining Logistics Retail Corporate, Consolidated Net revenues (excluding intercompany fees and revenues) $ 3,600.8 $ 118.5 $ 205.0 $ — $ 3,924.3 Inter-segment fees and revenues 193.7 125.0 — (318.7) — Total revenues $ 3,794.5 $ 243.5 $ 205.0 $ (318.7) $ 3,924.3 Segment EBITDA attributable to Delek $ 192.1 $ 91.4 $ 6.4 $ (49.9) $ 240.0 Depreciation and amortization (56.6) (21.1) (2.7) (3.0) (83.4) Interest expense, net (9.0) (32.6) (0.2) (34.7) (76.5) Income tax expense (15.8) Net income attributable to Delek $ 64.3 Income from equity method investments $ (0.4) $ (6.3) $ — $ (7.9) $ (14.6) Capital spending (1) $ 147.6 $ 36.1 $ 2.7 $ 5.7 $ 192.1

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted earnings per share. Three Months Ended March 31, 2024 2023 Numerator: Numerator for EPS Net (loss) income $ (25.2) $ 72.2 Less: Income attributed to non-controlling interests 7.4 7.9 Numerator for basic and diluted EPS attributable to Delek $ (32.6) $ 64.3 Denominator: Weighted average common shares outstanding (denominator for basic EPS) 64,021,988 66,951,975 Dilutive effect of stock-based awards — 417,399 Weighted average common shares outstanding, assuming dilution (denominator for diluted EPS) 64,021,988 67,369,374 EPS: Basic (loss) income per share $ (0.51) $ 0.96 Diluted (loss) income per share $ (0.51) $ 0.95 The following equity instruments were excluded from the diluted weighted average common shares outstanding because their effect would be anti-dilutive: Antidilutive stock-based compensation (because average share price is less than exercise price) 829,292 2,181,281 Antidilutive due to loss 550,254 — Total antidilutive stock-based compensation 1,379,546 2,181,281

Delek Logistics (Tables)

Delek Logistics (Tables)	3 Months Ended
	Mar. 31, 2024
Variable Interest Entity, Not Primary Beneficiary, Disclosures [Abstract]
Condensed Balance Sheet	Exclusive of intercompany balances and the marketing agreement intangible asset between Delek Logistics and Delek which are eliminated in consolidation, the Delek Logistics condensed consolidated balance sheets are included in the condensed consolidated balance sheets of Delek. The Delek Logistics condensed consolidated balance sheets are presented below (in millions): As of March 31, 2024 As of December 31, 2023 ASSETS Cash and cash equivalents $ 9.7 $ 3.8 Accounts receivable 57.0 41.1 Accounts receivable from related parties 36.6 28.4 Inventory 1.7 2.3 Other current assets 0.6 0.7 Property, plant and equipment, net 930.0 936.2 Equity method investments 238.2 241.3 Operating lease right-of-use assets 17.6 19.0 Goodwill 12.2 12.2 Intangible assets, net 337.3 343.0 Other non-current assets 13.5 14.2 Total assets $ 1,654.4 $ 1,642.2 LIABILITIES AND DEFICIT Accounts payable $ 26.3 $ 26.3 Accounts payable to related parties — — Current portion of long-term debt — 30.0 Current portion of operating lease liabilities 6.4 6.7 Accrued expenses and other current liabilities 24.5 27.6 Long-term debt 1,601.2 1,673.8 Asset retirement obligations 10.2 10.0 Operating lease liabilities, net of current portion 7.4 8.3 Other non-current liabilities 20.9 21.4 Deficit (42.5) (161.9) Total liabilities and deficit $ 1,654.4 $ 1,642.2

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	The following table presents the components of inventory for each period presented: Titled Inventory Inventory Intermediation Agreement (1) Total March 31, 2024 Feedstocks, raw materials and supplies $ 294.1 $ 150.5 $ 444.6 Refined products and blendstock 245.0 316.5 561.5 Merchandise inventory and other 31.7 — 31.7 Total $ 570.8 $ 467.0 $ 1,037.8 December 31, 2023 Feedstocks, raw materials and supplies $ 250.2 $ 116.9 $ 367.1 Refined products and blendstock 278.6 304.8 583.4 Merchandise inventory and other 31.4 — 31.4 Total $ 560.2 $ 421.7 $ 981.9 (1) Refer to Note 7 - Inventory Intermediation Obligations for further information.

Inventory Intermediation Obli_2

Inventory Intermediation Obligations (Tables)	3 Months Ended
	Mar. 31, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Outstanding Obligations Under Agreements	The following table summarizes our outstanding obligations under our Inventory Intermediation Agreement: As of March 31, 2024 As of December 31, 2023 Obligations under Inventory Intermediation Agreement Obligations related to Base Layer Volumes $ 492.7 $ 407.2 Current portion — 0.4 Total obligations under Inventory Intermediation Agreement $ 492.7 $ 407.6 Other (receivable) payable for monthly activity true-up $ (23.8) $ (9.3)
Schedule of Inventory Intermediation Fees	The following table summarizes these fees: Three Months Ended March 31, 2024 2023 Net fees and (income) expenses: Inventory intermediation fees $ (5.6) $ 5.9 Interest expense, net $ 16.5 $ 14.0

Long-Term Obligations (Tables)

Long-Term Obligations (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Outstanding borrowings under debt instruments are as follows (in millions): March 31, 2024 December 31, 2023 Delek Term Loan Credit Facility 938.1 940.5 Delek Logistics Revolving Facility 565.2 780.5 Delek Logistics Term Loan Facility — 281.3 Delek Logistics 2025 Notes — 250.0 Delek Logistics 2028 Notes 400.0 400.0 Delek Logistics 2029 Notes 650.0 — United Community Bank Revolver 5.0 5.0 Principle amount of long-term debt 2,558.3 2,657.3 Less: Unamortized discount and deferred financing costs (61.4) (57.5) Total debt, net of unamortized discount and deferred financing costs 2,496.9 2,599.8 Less: Current portion of long-term debt 14.5 44.5 Long-term debt, net of current portion $ 2,482.4 $ 2,555.3
Schedule of Line of Credit Facilities	Available capacity and amounts outstanding for each of our revolving credit facilities as of March 31, 2024 are shown below (in millions): Total Capacity Outstanding Borrowings Outstanding Letters of Credit Available Capacity Maturity Date Delek Revolving Credit Facility (1) $ 1,100.0 $ — $ 280.5 $ 819.5 October 26, 2027 Delek Logistics Revolving Facility (2) $ 1,150.0 $ 565.2 $ — $ 584.8 October 13, 2027 United Community Bank Revolver (3) $ 25.0 $ 5.0 $ — $ 20.0 June 30, 2024 (1) Total capacity includes letters of credit up to $500.0 million. This facility requires a quarterly unused commitment fee based on average commitment usage, currently at 0.30% per annum. Interest is measured at either the SOFR, base rate, or Canadian dollar bankers’ acceptances rate (“CDOR”), plus an applicable margin of 0.25% to 0.75% per annum with respect to base rate borrowings or 1.25% to 1.75% per annum with respect to SOFR and CDOR. (2) Total capacity includes letters of credit up to $146.9 million and $31.9 million for swing line loans. This facility requires a quarterly unused commitment fee based on average commitment usage, currently at 0.45% per annum. Interest is measured at either the U.S. dollar prime rate plus an applicable margin of 1.00% to 2.00% depending on Delek Logistics’ leverage ratio, or a SOFR rate plus a credit spread adjustment of 0.10% to 0.25% and an applicable margin ranging from 2.00% to 3.00% depending on the leverage ratio. As of March 31, 2024 and December 31, 2023, the weighted average interest rate was 8.18% and 8.46%, respectively. (3) Interest is measured as a variable rate equal to the Wall Street Journal Prime Rate minus 0.75%. Requires a quarterly fee of 0.25% per year on the average unused revolving commitment. The weighted average borrowing rate as of March 31, 2024 and December 31, 2023 was 7.75% and 7.75%, respectively.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position	The following table presents the fair value of our derivative instruments as of March 31, 2024 and December 31, 2023. The fair value amounts below are presented on a gross basis and do not reflect the netting of asset and liability positions permitted under our master netting arrangements, including cash collateral on deposit with our counterparties. We have elected to offset the recognized fair value amounts for multiple derivative instruments executed with the same counterparty in our financial statements. As a result, the asset and liability amounts below differ from the amounts presented in our condensed consolidated balance sheets. See Note 10 for further information regarding the fair value of derivative instruments (in millions). March 31, 2024 December 31, 2023 Derivative Type Balance Sheet Location Assets Liabilities Assets Liabilities Derivatives not designated as hedging instruments: Commodity derivatives (1) Other current assets $ — $ — $ 6.6 $ (7.1) Commodity derivatives (1) Other current liabilities 12.9 (23.2) — (0.8) Commodity derivatives (1) Other long-term assets — — — — RINs commitment contracts (2) Other current assets 8.2 — — — RINs commitment contracts (2) Other current liabilities — (19.7) — (3.1) Total gross fair value of derivatives 21.1 (42.9) 6.6 (11.0) Less: Counterparty netting and cash collateral (3) 12.9 (18.6) 5.3 (7.1) Total net fair value of derivatives $ 8.2 $ (24.3) $ 1.3 $ (3.9) (1) As of March 31, 2024 and December 31, 2023, we had open derivative positions representing 43,355,000 and 55,336,870 barrels, respectively, of crude oil and refined petroleum products. (2) As of March 31, 2024 and December 31, 2023, we had open RINs commitment contracts representing 161,850,000 and 41,636,461 RINs, respectively. (3) As of March 31, 2024 and December 31, 2023, $5.7 million and $1.8 million, respectively, of cash collateral held by counterparties has been netted with the derivatives with each counterparty.
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position	Total gains (losses) on our non-trading commodity derivatives and RINs commitment contracts recorded in the condensed consolidated statements of income are as follows (in millions) (2) : Three Months Ended March 31, 2024 2023 (Losses) gains on hedging derivatives not designated as hedging instruments recognized in cost of materials and other (1) $ (21.7) $ 5.3 Losses on non-trading physical forward contract commodity derivatives in cost of materials and other — (2.4) Total (losses) gains $ (21.7) $ 2.9 (1) (Losses) gains on commodity derivatives that are economic hedges but not designated as hedging instruments include unrealized (losses) gains of $(9.0) million and $30.0 million for the three months ended March 31, 2024 and 2023, respectively. (2) See separate table below for disclosures about "trading derivatives."
Schedule of Gain (Loss) on Derivative Instruments	Total gains (losses) on our trading derivatives (none of which were designated as hedging instruments) recorded in other operating (income) expense, net on the condensed consolidated statements of income are as follows (in millions): Three Months Ended March 31, 2024 2023 Trading Physical Forward Contract Commodity Derivatives Realized gains $ 0.2 $ 1.4 Unrealized losses — (1.8) Total $ 0.2 $ (0.4) Trading Hedging Commodity Derivatives Realized gains $ — $ 1.4 Unrealized gains — 1.1 Total $ — $ 2.5

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 Level 1 Level 2 Level 3 Total Assets Commodity derivatives $ — $ 12.9 $ — $ 12.9 RINs commitment contracts — 8.2 — 8.2 Total assets — 21.1 — 21.1 Liabilities Commodity derivatives — (23.2) — (23.2) RINs commitment contracts — (19.7) — (19.7) Environmental credits obligation deficit — (113.1) — (113.1) Inventory Intermediation Agreement obligation — (492.7) — (492.7) Total liabilities — (648.7) — (648.7) Net liabilities $ — $ (627.6) $ — $ (627.6) As of December 31, 2023 Level 1 Level 2 Level 3 Total Assets Commodity derivatives $ — $ 6.6 $ — $ 6.6 RINs commitment contracts — — — — Total assets — 6.6 — 6.6 Liabilities Commodity derivatives — (7.9) — (7.9) RINs commitment contracts — (3.1) — (3.1) Environmental credits obligation deficit — (39.6) — (39.6) Inventory Intermediation Agreement obligation — (407.6) — (407.6) Total liabilities — (458.2) — (458.2) Net liabilities $ — $ (451.6) $ — $ (451.6)

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Transactions with our related parties were as follows for the periods presented (in millions): Three Months Ended March 31, 2024 2023 Revenues (1) $ 22.0 $ 17.9 Cost of materials and other (2) $ 57.8 $ 45.5 (1) Consists primarily of asphalt sales which are recorded in corporate, other and eliminations segment. (2) Consists primarily of pipeline throughput fees paid by the refining segment and asphalt purchases.

Other Current Assets and Liab_2

Other Current Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Other Current Assets and Liabilities [Abstract]
Schedule of Other Assets and Other Liabilities	The detail of other current assets is as follows (in millions): Other Current Assets March 31, 2024 December 31, 2023 Prepaid expenses $ 62.1 $ 47.8 Income and other tax receivables 8.4 15.5 Short-term derivative assets (see Note 9) 8.2 1.3 Investment commodities 1.9 4.0 Other 4.6 9.6 Total $ 85.2 $ 78.2 The detail of accrued expenses and other current liabilities is as follows (in millions): Accrued Expenses and Other Current Liabilities March 31, 2024 December 31, 2023 Crude purchase liabilities $ 288.9 $ 190.7 Income and other taxes payable 158.7 166.9 Consolidated Net RINs Obligation deficit (see Note 10) 113.1 39.6 Deferred revenue 66.7 16.0 Employee costs 61.5 67.0 Product financing agreements 31.0 224.2 Short-term derivative liabilities (see Note 9) 24.3 3.9 Other 64.0 62.9 Total $ 808.2 $ 771.2

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Dividends Declared	For 2024, our Board of Directors declared the following dividends: Approval Date Dividend Amount Per Share Record Date Payment Date February 20, 2024 $0.245 March 1, 2024 March 8, 2024 May 2, 2024 $0.250 May 17, 2024 May 24, 2024

Segment Data - Narrative (Detai

Segment Data - Narrative (Details)	3 Months Ended
	Mar. 31, 2024 facility store segment
Segment Reporting Information [Line Items]
Number of reportable segments | segment	3
Number of stores | store	250
Refining
Segment Reporting Information [Line Items]
Number of biodiesel facilities | facility	3

Segment Data - Operating Perfor

Segment Data - Operating Performance (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Net revenues (excluding intercompany fees and revenues)	$ 3,227.6	$ 3,924.3
Net revenues	3,227.6	3,924.3
Segment EBITDA attributable to Delek	143.1	240
Depreciation and amortization	(95.2)	(83.4)
Interest expense, net	(87.7)	(76.5)
Income tax benefit (expense)	7.2	(15.8)
Net (loss) income attributable to Delek	(32.6)	64.3
Income from equity method investments	(21.9)	(14.6)
Capital spending	45.9	192.1
Operating Segments | Refining
Segment Reporting Information [Line Items]
Net revenues (excluding intercompany fees and revenues)	2,921.6	3,600.8
Net revenues	3,108.3	3,794.5
Segment EBITDA attributable to Delek	101.1	192.1
Depreciation and amortization	(61.4)	(56.6)
Interest expense, net	(12.1)	(9)
Income from equity method investments	0	(0.4)
Capital spending	21.5	147.6
Operating Segments | Logistics
Segment Reporting Information [Line Items]
Net revenues (excluding intercompany fees and revenues)	112.5	118.5
Net revenues	252.1	243.5
Segment EBITDA attributable to Delek	99.7	91.4
Depreciation and amortization	(26.5)	(21.1)
Interest expense, net	(40.3)	(32.6)
Income from equity method investments	(8.5)	(6.3)
Capital spending	15.2	36.1
Operating Segments | Retail
Segment Reporting Information [Line Items]
Net revenues (excluding intercompany fees and revenues)	193.5	205
Net revenues	193.5	205
Segment EBITDA attributable to Delek	6.5	6.4
Depreciation and amortization	(3.5)	(2.7)
Interest expense, net	0	(0.2)
Income from equity method investments	0	0
Capital spending	4.1	2.7
Inter-segment fees and revenues
Segment Reporting Information [Line Items]
Net revenues	(326.3)	(318.7)
Inter-segment fees and revenues | Refining
Segment Reporting Information [Line Items]
Net revenues	186.7	193.7
Inter-segment fees and revenues | Logistics
Segment Reporting Information [Line Items]
Net revenues	139.6	125
Inter-segment fees and revenues | Retail
Segment Reporting Information [Line Items]
Net revenues	0	0
Corporate, Other and Eliminations
Segment Reporting Information [Line Items]
Net revenues (excluding intercompany fees and revenues)	0	0
Net revenues	(326.3)	(318.7)
Segment EBITDA attributable to Delek	(64.2)	(49.9)
Depreciation and amortization	(3.8)	(3)
Interest expense, net	(35.3)	(34.7)
Income from equity method investments	(13.4)	(7.9)
Capital spending	$ 5.1	$ 5.7

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of EPS (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator for EPS
Net (loss) income	$ (25.2)	$ 72.2
Less: Income attributed to non-controlling interests	7.4	7.9
Numerator for basic and diluted EPS attributable to Delek	$ (32.6)	$ 64.3
Denominator:
Weighted average common shares outstanding (denominator for basic EPS) (in shares)	64,021,988	66,951,975
Dilutive effect of stock-based awards (in shares)	0	417,399
Weighted average common shares outstanding, assuming dilution (denominator for diluted EPS) (in shares)	64,021,988	67,369,374
EPS:
Basic (loss) income per share (in dollars per share)	$ (0.51)	$ 0.96
Diluted (loss) income per share (in dollars per share)	$ (0.51)	$ 0.95
Antidilutive stock-based compensation (because average share price is less than exercise price)
EPS:
Antidilutive securities excluded from computation of earnings per share (in shares)	829,292	2,181,281
Antidilutive due to loss
EPS:
Antidilutive securities excluded from computation of earnings per share (in shares)	550,254	0
Total antidilutive stock-based compensation
EPS:
Antidilutive securities excluded from computation of earnings per share (in shares)	1,379,546	2,181,281

Delek Logistics - Narrative (De

Delek Logistics - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
	Mar. 12, 2024	Mar. 31, 2024
Delek Logistics
Variable Interest Entity [Line Items]
Sale of stock, price per share (in dollars per share)	$ 38.50
Delek Logistics | Public Stock Offering
Variable Interest Entity [Line Items]
Number of shares issued in transaction (in shares)	3,584,416
Proceeds from public offering	$ 132.3
Underwriting discounts	$ 5.5
Delek Logistics | Over-Allotment Option
Variable Interest Entity [Line Items]
Number of shares issued in transaction (in shares)	467,532
Delek Logistics | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Limited partners' capital account, units outstanding (in shares)		34,311,278
Delek Logistics | Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Members or limited partners, ownership interest (percentage)		72.70%

Delek Logistics - Balance Sheet

Delek Logistics - Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 753.4	$ 822.2
Accounts receivable	831.7	783.7
Inventory	1,037.8	981.9
Other current assets	85.2	78.2
Property, plant and equipment, net	2,804.3	2,845.2
Equity method investments	370.3	360.7
Operating lease right-of-use assets	142.2	148.2
Goodwill	729.4	729.4
Intangible assets, net	291	296.2
Other non-current assets	135	126.1
Total assets	7,180.3	7,171.8
LIABILITIES AND DEFICIT
Accounts payable	1,732.3	1,814.3
Current portion of long-term debt	14.5	44.5
Current portion of operating lease liabilities	51.5	54.7
Accrued expenses and other current liabilities	808.2	771.2
Long-term debt	2,482.4	2,555.3
Asset retirement obligations	43.6	43.3
Operating lease liabilities, net of current portion	104.7	111.2
Other non-current liabilities	35.2	35
Total liabilities and stockholders’ equity	7,180.3	7,171.8
Delek Logistics Partners, LP | Variable Interest Entity, Primary Beneficiary
ASSETS
Cash and cash equivalents	9.7	3.8
Inventory	1.7	2.3
Other current assets	0.6	0.7
Property, plant and equipment, net	930	936.2
Equity method investments	238.2	241.3
Operating lease right-of-use assets	17.6	19
Goodwill	12.2	12.2
Intangible assets, net	337.3	343
Other non-current assets	13.5	14.2
Total assets	1,654.4	1,642.2
LIABILITIES AND DEFICIT
Current portion of long-term debt	0	30
Current portion of operating lease liabilities	6.4	6.7
Accrued expenses and other current liabilities	24.5	27.6
Long-term debt	1,601.2	1,673.8
Asset retirement obligations	10.2	10
Operating lease liabilities, net of current portion	7.4	8.3
Other non-current liabilities	20.9	21.4
Deficit	(42.5)	(161.9)
Total liabilities and stockholders’ equity	1,654.4	1,642.2
Delek Logistics Partners, LP | Variable Interest Entity, Primary Beneficiary | Nonrelated Party
ASSETS
Accounts receivable	57	41.1
LIABILITIES AND DEFICIT
Accounts payable	26.3	26.3
Delek Logistics Partners, LP | Variable Interest Entity, Primary Beneficiary | Related Party
ASSETS
Accounts receivable	36.6	28.4
LIABILITIES AND DEFICIT
Accounts payable	$ 0	$ 0

Equity Method Investments - Nar

Equity Method Investments - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) jointVenture	Dec. 31, 2023 USD ($)
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 370.3	$ 360.7
W2W Holdings LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50%
Wink to Webster Pipeline LLC
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 60.8	51.4
Red River Pipeline Company LLC | Delek Logistics Partners, LP
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	33%
Equity method investments	$ 140	141.1
Plains All American Pipeline And Andeavor Logistics | Delek Logistics Partners, LP
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 98.2	100.3
Number of joint ventures | jointVenture	2
Plains All American Pipeline | Delek Logistics Partners, LP
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50%
Andeavor Logistics | Delek Logistics Partners, LP
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	33%
Other Joint Venture Investments
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 71.3	$ 67.9
Asphalt Terminal Joint Venture
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50%
Ethanol Unit Train Facility And Tank Joint Venture
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50%

Inventory - Carrying Value (Det

Inventory - Carrying Value (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Inventory [Line Items]
Feedstocks, raw materials and supplies	$ 444.6	$ 367.1
Refined products and blendstock	561.5	583.4
Merchandise inventory and other	31.7	31.4
Total	1,037.8	981.9
Titled Inventory
Inventory [Line Items]
Feedstocks, raw materials and supplies	294.1	250.2
Refined products and blendstock	245	278.6
Merchandise inventory and other	31.7	31.4
Total	570.8	560.2
Inventory Intermediation Agreement obligation
Inventory [Line Items]
Feedstocks, raw materials and supplies	150.5	116.9
Refined products and blendstock	316.5	304.8
Merchandise inventory and other	0	0
Total	$ 467	$ 421.7

Inventory - Narrative (Details)

Inventory - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 2.8		$ 11.6
Lower of cost or market gains (charges)	$ 8.8	$ 1.7

Inventory Intermediation Obli_3

Inventory Intermediation Obligations - Schedule of Outstanding Obligations Under Agreements (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Obligations related to Base Layer Volumes	$ 492.7	$ 407.2
Current portion	0	0.4
Total obligations under Inventory Intermediation Agreement	492.7	407.6
Other (receivable) payable for monthly activity true-up	$ (23.8)	$ (9.3)

Inventory Intermediation Obli_4

Inventory Intermediation Obligations - Schedule Of Inventory Intermediation Fees (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Liabilities Disclosure [Abstract]
Inventory intermediation fees	$ (5.6)	$ 5.9
Interest expense, net	$ 16.5	$ 14

Inventory Intermediation Obli_5

Inventory Intermediation Obligations - Narrative (Details) barrel in Millions, $ in Millions			3 Months Ended
	Dec. 21, 2023 USD ($)	Dec. 20, 2023 USD ($)	Mar. 31, 2024 USD ($) barrel	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) barrel	Dec. 22, 2022 USD ($)
Other Liabilities Disclosure [Abstract]
Working capital capacity						$ 800
Barrels associated with non-current inventory intermediation obligation | barrel			5.5
Extension term	6 months	12 months
Inventory intermediation agreement obligation, payment deferral mechanism amount	$ 250	$ 70
Issued letters of credit			$ 185		$ 230
Number of barrels | barrel			5.5		5.4
Gain (loss) on changes in fair value due to commodity-index price and interest rate			$ (81.8)	$ 12.7

Long-Term Obligations - Outstan

Long-Term Obligations - Outstanding Borrowings Schedule (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt gross	$ 2,558.3	$ 2,657.3
Less: Unamortized discount and deferred financing costs	(61.4)	(57.5)
Total debt, net of unamortized discount and deferred financing costs	2,496.9	2,599.8
Less: Current portion of long-term debt	14.5	44.5
Long-term debt, net of current portion	2,482.4	2,555.3
Secured Debt | Delek Term Loan Credit Facility
Debt Instrument [Line Items]
Long-term debt gross	938.1	940.5
Senior Notes | Delek Logistics 2025 Notes
Debt Instrument [Line Items]
Long-term debt gross	0	250
Senior Notes | Delek Logistics 2028 Notes
Debt Instrument [Line Items]
Long-term debt gross	400	400
Senior Notes | Delek Logistics 2029 Notes
Debt Instrument [Line Items]
Long-term debt gross	650	0
Revolving Credit Facility | Line of Credit | Delek Logistics Revolving Facility
Debt Instrument [Line Items]
Long-term debt gross	565.2	780.5
Revolving Credit Facility | Line of Credit | Delek Logistics Term Loan Facility
Debt Instrument [Line Items]
Long-term debt gross	0	281.3
Revolving Credit Facility | Line of Credit | United Community Bank Revolver
Debt Instrument [Line Items]
Long-term debt gross	$ 5	$ 5

Long-Term Obligations - Delek T

Long-Term Obligations - Delek Term Loan Credit Facility (Details) - USD ($) $ in Millions		3 Months Ended
	Nov. 18, 2022	Mar. 31, 2024	Dec. 31, 2023
Secured Debt
Debt Instrument [Line Items]
Original debt issue discount	4%
Weighted average interest rate (percentage)		8.93%	8.96%
Secured Debt | Incremental Term Loans
Debt Instrument [Line Items]
Quarterly payments	$ 2.4
Secured Debt | Delek Term Loan Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	950
increase in line of credit facility limit	$ 400
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Interest rate, effective percentage		10.15%
Revolving Credit Facility | Line of Credit | Incremental Term Loans | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.50%
Revolving Credit Facility | Line of Credit | Incremental Term Loans | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		3.50%

Long-Term Obligations - Delek L

Long-Term Obligations - Delek Logistics Term Loan Facility (Details) - USD ($) $ in Millions			3 Months Ended
	Mar. 13, 2024	Oct. 13, 2022	Mar. 31, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
Loss on extinguishment of debt			$ 3.6	$ 0
DKL Revolver, Delek Logistics Term Facility | Fifth Third Bank | Secured Debt | Debt Instrument, Interest Rate Period One
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		3.50%
DKL Revolver, Delek Logistics Term Facility | Fifth Third Bank | Secured Debt | Debt Instrument, Interest Rate Period Two
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		4%
DKL Revolver, Delek Logistics Term Facility | Fifth Third Bank | Secured Debt | Prime Rate | Debt Instrument, Interest Rate Period One
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.50%
DKL Revolver, Delek Logistics Term Facility | Fifth Third Bank | Secured Debt | Prime Rate | Debt Instrument, Interest Rate Period Two
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		3%
DKL Revolver, Delek Logistics Term Facility | Fifth Third Bank | Secured Debt | Minimum | Secured Overnight Financing Rate (SOFR) | Debt Instrument, Interest Rate Period One
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			0.10%
DKL Revolver, Delek Logistics Term Facility | Fifth Third Bank | Secured Debt | Maximum | Secured Overnight Financing Rate (SOFR) | Debt Instrument, Interest Rate Period One
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			0.25%
Revolving Credit Facility | DKL Revolver, Delek Logistics Term Facility | Fifth Third Bank | Secured Debt
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 300
Repayments of debt	$ 281.3
Loss on extinguishment of debt			$ 2.1

Long-Term Obligations - Revolvi

Long-Term Obligations - Revolving Credit Facilities (Details) - USD ($) $ in Millions		3 Months Ended
	Mar. 29, 2024	Mar. 31, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Outstanding Borrowings		$ 2,558.3	$ 2,657.3
Outstanding Letters of Credit		$ 185	$ 230
Fifth Third Bank | Delek Logistics Revolving Facility | Maximum
Line of Credit Facility [Line Items]
Unused capacity, commitment fee percentage		0.45%
Line of Credit | Fifth Third Bank | DKL Revolver, Senior Secured Revolving Commitment | Minimum | Prime Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		1%
Line of Credit | Fifth Third Bank | DKL Revolver, Senior Secured Revolving Commitment | Minimum | Total Leverage Ratio Interest Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		2%
Line of Credit | Fifth Third Bank | DKL Revolver, Senior Secured Revolving Commitment | Maximum | Prime Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		2%
Line of Credit | Fifth Third Bank | DKL Revolver, Senior Secured Revolving Commitment | Maximum | Total Leverage Ratio Interest Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		3%
Secured Debt
Line of Credit Facility [Line Items]
Weighted average interest rate (percentage)		8.93%	8.96%
Secured Debt | Fifth Third Bank | DKL Revolver, Senior Secured Revolving Commitment | Minimum | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.10%
Secured Debt | Fifth Third Bank | DKL Revolver, Senior Secured Revolving Commitment | Maximum | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.25%
Revolving Credit Facility | Letter of Credit
Line of Credit Facility [Line Items]
Total Capacity		$ 500
Revolving Credit Facility | Line of Credit | Minimum | Base Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.25%
Revolving Credit Facility | Line of Credit | Minimum | Secured Overnight Financing Rate (SOFR) and Canadian Overnight Financing Rate (CDOR)
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		1.25%
Revolving Credit Facility | Line of Credit | Maximum
Line of Credit Facility [Line Items]
Unused capacity, commitment fee percentage		0.30%
Revolving Credit Facility | Line of Credit | Maximum | Base Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.75%
Revolving Credit Facility | Line of Credit | Maximum | Secured Overnight Financing Rate (SOFR) and Canadian Overnight Financing Rate (CDOR)
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		1.75%
Revolving Credit Facility | Line of Credit | Delek Revolving Credit Facility
Line of Credit Facility [Line Items]
Total Capacity		$ 1,100
Outstanding Borrowings		0
Outstanding Letters of Credit		280.5
Available Capacity		819.5
Revolving Credit Facility | Line of Credit | Delek Logistics Revolving Facility
Line of Credit Facility [Line Items]
Outstanding Borrowings		565.2	$ 780.5
Revolving Credit Facility | Line of Credit | United Community Bank Revolver
Line of Credit Facility [Line Items]
Total Capacity		25
Outstanding Borrowings		5	$ 5
Outstanding Letters of Credit		0
Available Capacity		$ 20
Unused capacity, commitment fee percentage		0.25%
Weighted average interest rate (percentage)		7.75%	7.75%
Revolving Credit Facility | Line of Credit | United Community Bank Revolver | Wall Street Journal Prime Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.75%
Revolving Credit Facility | Line of Credit | Fifth Third Bank | Delek Logistics Revolving Facility
Line of Credit Facility [Line Items]
Total Capacity	$ 1,150	$ 1,150
Outstanding Letters of Credit		0
Available Capacity		$ 584.8
Increase in credit facility	$ 100
Revolving Credit Facility | Line of Credit | Fifth Third Bank | DKL Revolver, Senior Secured Revolving Commitment
Line of Credit Facility [Line Items]
Weighted average interest rate (percentage)		8.18%	8.46%
Letter of Credit | Line of Credit | Fifth Third Bank | Delek Logistics Revolving Facility
Line of Credit Facility [Line Items]
Total Capacity		$ 146.9
US Swing Line Sublimit | Line of Credit | Fifth Third Bank | Delek Logistics Revolving Facility
Line of Credit Facility [Line Items]
Total Capacity		$ 31.9

Long-Term Obligations - Delek_2

Long-Term Obligations - Delek Logistics Notes (Details) - USD ($) $ in Millions		3 Months Ended
	Mar. 13, 2024	Mar. 31, 2024	Mar. 31, 2023	Apr. 17, 2024	May 24, 2021	May 31, 2018
Debt Instrument [Line Items]
Loss on extinguishment of debt		$ 3.6	$ 0
Delek Logistics 2029 Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 650
Interest rate, stated percentage	8.625%
Debt issuance costs	$ 10.4
Percentage of redemption price redeemed	101%
Percentage of principal amount redeemed	35%
Interest rate, effective percentage		8.81%
Delek Logistics 2029 Notes | Senior Notes | Redemption, period one
Debt Instrument [Line Items]
Percentage of redemption price redeemed	108.625%
Delek Logistics 2029 Notes | Senior Notes | Redemption, period two
Debt Instrument [Line Items]
Percentage of redemption price redeemed	104.313%
Delek Logistics 2029 Notes | Senior Notes | Redemption, period three
Debt Instrument [Line Items]
Percentage of redemption price redeemed	102.156%
Delek Logistics 2029 Notes | Senior Notes | Redemption, period four
Debt Instrument [Line Items]
Percentage of redemption price redeemed	100%
Additional 2029 Notes | Senior Notes | Subsequent Event
Debt Instrument [Line Items]
Debt instrument, face amount				$ 200
Interest rate, stated percentage				8.625%
Debt instrument, premium percentage				1.0125
Delek Logistics 2025 Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount						$ 250
Interest rate, stated percentage						6.75%
Repayments of debt		$ 156.2
Loss on extinguishment of debt		$ 1.5
Delek Logistics 2028 Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount					$ 400
Interest rate, stated percentage					7.125%
Interest rate, effective percentage		7.39%

Long-Term Obligations - Restric

Long-Term Obligations - Restricted Net Assets (Details) $ in Millions	Mar. 31, 2024 USD ($)
Debt Disclosure [Abstract]
Amount of restricted net assets for consolidated and unconsolidated subsidiaries	$ 0

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details)	3 Months Ended
	Mar. 31, 2024
Commodity contract
Derivative [Line Items]
Maximum period of maturity	3 years

Derivative Instruments - Deriva

Derivative Instruments - Derivative Assets and Liabilities (Details) $ in Millions	Mar. 31, 2024 USD ($) rIN bbl	Dec. 31, 2023 USD ($) bbl rIN
Derivatives, Fair Value [Line Items]
Assets	$ 21.1	$ 6.6
Less: Counterparty netting and cash collateral, assets	12.9	5.3
Total net fair value of derivative assets	8.2	1.3
Liabilities	(42.9)	(11)
Less: Counterparty netting and cash collateral, liabilities	(18.6)	(7.1)
Total net fair value of derivative liabilities	(24.3)	(3.9)
Cash collateral	$ 5.7	$ 1.8
Commodity derivatives
Derivatives, Fair Value [Line Items]
Open derivative positions | bbl	43,355,000	55,336,870
Commodity derivatives | Derivatives not designated as hedging instruments: | Other current assets
Derivatives, Fair Value [Line Items]
Assets	$ 0	$ 6.6
Liabilities	0	(7.1)
Commodity derivatives | Derivatives not designated as hedging instruments: | Other current liabilities
Derivatives, Fair Value [Line Items]
Assets	12.9	0
Liabilities	(23.2)	(0.8)
Commodity derivatives | Derivatives not designated as hedging instruments: | Other long-term assets
Derivatives, Fair Value [Line Items]
Assets	0	0
Liabilities	0	0
RINs commitment contracts | Derivatives not designated as hedging instruments: | Other current assets
Derivatives, Fair Value [Line Items]
Assets	8.2	0
Liabilities	$ 0	$ 0
Open derivative positions | rIN	161,850,000	41,636,461
RINs commitment contracts | Derivatives not designated as hedging instruments: | Other current liabilities
Derivatives, Fair Value [Line Items]
Assets	$ 0	$ 0
Liabilities	$ (19.7)	$ (3.1)

Derivative Instruments - Deri_2

Derivative Instruments - Derivatives Gains and Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of Revenue	Cost of Revenue	Cost of Revenue
Commodity derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	$ 0	$ 2.5
Forward Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives not designated as hedging instruments	0.2	(0.4)
Derivatives not designated as hedging instruments:
Derivative Instruments, Gain (Loss) [Line Items]
Total (losses) gains	(21.7)	2.9
Gain (loss) on derivatives not designated as hedging instruments	(9)	30
Derivatives not designated as hedging instruments: | Commodity derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives	(21.7)	5.3
Derivatives not designated as hedging instruments: | Forward Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives	$ 0	$ (2.4)

Derivative Instruments - Gains

Derivative Instruments - Gains (Losses) on Trading Derivatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Forward Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Realized gains	$ 0.2	$ 1.4
Unrealized (losses) gains	0	(1.8)
Total	0.2	(0.4)
Commodity derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Realized gains	0	1.4
Unrealized (losses) gains	0	1.1
Total	$ 0	$ 2.5

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt gross	$ 2,558.3		$ 2,657.3
Cash collateral	5.7		1.8
Delek Logistics 2028 Notes | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt gross	400		400
Delek Logistics 2028 Notes | Senior Notes | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	391.4		380.4
Delek Logistics 2029 Notes | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt gross	650		$ 0
Delek Logistics 2029 Notes | Senior Notes | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	664.3
RINs commitment contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain on RINs Obligations surplus or deficit	$ 0	$ 0.3

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 21.1	$ 6.6
Total liabilities	(648.7)	(458.2)
Net liabilities	(627.6)	(451.6)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
Net liabilities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	21.1	6.6
Total liabilities	(648.7)	(458.2)
Net liabilities	(627.6)	(451.6)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
Net liabilities	0	0
Commodity derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	12.9	6.6
Total liabilities	(23.2)	(7.9)
Commodity derivatives | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
Commodity derivatives | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	12.9	6.6
Total liabilities	(23.2)	(7.9)
Commodity derivatives | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
RINs commitment contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	8.2	0
Total liabilities	(19.7)	(3.1)
RINs commitment contracts | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
RINs commitment contracts | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	8.2	0
Total liabilities	(19.7)	(3.1)
RINs commitment contracts | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
Environmental credits obligation surplus
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	(113.1)	(39.6)
Environmental credits obligation surplus | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	0	0
Environmental credits obligation surplus | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	(113.1)	(39.6)
Environmental credits obligation surplus | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	0	0
Inventory Intermediation Agreement obligation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	(492.7)	(407.6)
Inventory Intermediation Agreement obligation | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	0	0
Inventory Intermediation Agreement obligation | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	(492.7)	(407.6)
Inventory Intermediation Agreement obligation | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Environmental Health and Safety (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2020
Site Contingency [Line Items]
Accrued environmental liabilities	$ 113.4
Accrued environmental loss contingencies	$ 2.9
Environmental Loss Contingency, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities
Accrued Environmental Loss Contingencies, Noncurrent	$ 110.5	$ 110.9
License agreement term			10 years
Asphalt And Marine Fuel Terminal
Site Contingency [Line Items]
Accrued Environmental Loss Contingencies, Noncurrent	$ 78.5	$ 78.5
Maximum
Site Contingency [Line Items]
Expected expending period	30 years

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Effective tax rate (as percent)	22.20%	18%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Related Party Transaction [Line Items]
Net revenues	$ 3,227.6	$ 3,924.3
Cost of materials and other	2,797.3	3,439.6
Related Party
Related Party Transaction [Line Items]
Net revenues	22	17.9
Cost of materials and other	$ 57.8	$ 45.5

Other Current Assets and Liab_3

Other Current Assets and Liabilities - Other Current Assets (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Other Current Assets and Liabilities [Abstract]
Prepaid expenses	$ 62.1	$ 47.8
Income and other tax receivables	8.4	15.5
Short-term derivative assets (see Note 9)	8.2	1.3
Investment commodities	1.9	4
Other	4.6	9.6
Total	$ 85.2	$ 78.2

Other Current Assets and Liab_4

Other Current Assets and Liabilities - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Other Current Assets and Liabilities [Abstract]
Crude purchase liabilities	$ 288.9	$ 190.7
Income and other taxes payable	158.7	166.9
Consolidated Net RINs Obligation deficit (see Note 10)	113.1	39.6
Deferred revenue	66.7	16
Employee costs	61.5	67
Product financing agreements	31	224.2
Short-term derivative liabilities (see Note 9)	24.3	3.9
Other	64	62.9
Total	$ 808.2	$ 771.2

Equity-Based Compensation - Nar

Equity-Based Compensation - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Equity-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise of equity-based awards (in shares)	44,374	53,643
Delek US 2006 and 2016 and Alon USA Energy 2005 Long-Term Incentive Plan
Equity-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 42.7
Unrecognized compensation cost, period for recognition (years)	1 year 6 months
Shares paid for tax withholding for share based compensation (in shares)	35,434	20,463
General and Administrative Expense | Delek US 2006 and 2016 and Alon USA Energy 2005 Long-Term Incentive Plan
Equity-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 6.3	$ 5.9

Shareholders' Equity- Dividends

Shareholders' Equity- Dividends Declared (Details) - $ / shares	May 02, 2024	Feb. 20, 2024
Class of Stock [Line Items]
Dividend Amount Per Share (in dollars per share)		$ 0.245
Subsequent Event
Class of Stock [Line Items]
Dividend Amount Per Share (in dollars per share)	$ 0.250

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Class of Stock [Line Items]
Repurchase of common stock		$ 0.4
Authorization remaining under aggregate stock repurchase program	$ 185.1
Common Stock
Class of Stock [Line Items]
Stock repurchased and retired during the period (in shares()	0	16,292