Delek US Holdings, Inc. (NYSE: DK) is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines and renewable fuels. It reports two segments, Refining and Logistics.
Refining: The company operates four refineries, in Tyler and Big Spring, Texas; El Dorado, Arkansas; and Krotz Springs, Louisiana. Combined nameplate crude throughput capacity is 302,000 barrels per day. The refineries run primarily WTI Midland, WTS, East Texas, local Arkansas and Gulf Coast Sweet crudes. They produce gasoline, diesel/jet fuel, asphalt, petrochemicals, LPG and NGLs. The segment also includes supply, marketing and other activities: refined product wholesale, asphalt and intermediates marketing, inventory optimization, risk management, and a 50% interest in an asphalt terminals joint venture.
Logistics: This segment consists primarily of Delek Logistics Partners, LP (NYSE: DKL), a master limited partnership that owns and operates midstream energy infrastructure. Delek US owned approximately 58.0% of DKL, including the general partner interest, at September 30, 2026. DKL's assets include:
- Crude oil and refined products pipelines, including the Lion Pipeline System
- Gathering systems in the Midland and Delaware basins, including the Midland Gathering System
- Natural gas gathering and processing
- Water disposal and recycling through H2O Midstream and Gravity
- West Texas wholesale marketing and terminals in Texas, Arkansas and Tennessee
The company is pursuing an Enterprise Optimization Plan targeting cost and cash flow improvements. It is also increasing economic separation between DK and DKL as part of a sum-of-the-parts value strategy. Updated
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Delek US Holdings, Inc. (NYSE: DK) is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines and renewable fuels. It reports two segments, Refining and Logistics.
