Delek US Holdings Inc (NYSE: DK) is a petroleum refining and midstream company that processes crude oil into refined products including gasoline, diesel, and jet fuel. Revenue is generated primarily through the sale of refined petroleum products and, separately, through midstream infrastructure services provided via its majority-owned publicly traded master limited partnership, Delek Logistics Partners LP (NYSE: DKL). As of December 31, 2025, Delek US owned a 63.3% limited partner interest and a non-economic general partner interest in Delek Logistics, which it formed in April 2012. The midstream segment has expanded through acquisitions including H2O Midstream and Gravity Water Intermediate Holdings LLC, adding water handling infrastructure to the portfolio. Delek US is listed on the New York Stock Exchange and files annual reports covering fiscal years ending December 31.

Revenue model

Transactional revenue from refined product sales (refining margin between crude input cost and product sales price) and fee-based midstream services revenue generated through Delek Logistics Partners LP (NYSE: DKL), a publicly traded MLP in which Delek US held a 63.3% limited partner interest as of December 31, 2025.

Products and services

Refined petroleum products (gasoline, diesel, jet fuel); midstream pipeline, storage, and water handling infrastructure services via Delek Logistics Partners LP (NYSE: DKL); water midstream assets acquired through H2O Midstream and Gravity Water Intermediate Holdings LLC.

Customers and end markets

End markets include transportation fuel consumers and commercial fuel buyers. Midstream customers include upstream oil and gas producers requiring gathering, transportation, and water handling services, particularly in the Permian Basin based on the H2O Midstream and Gravity acquisitions.

Value-chain role

Downstream petroleum refiner and midstream infrastructure operator. Sits between crude oil producers and end-market fuel distributors, and provides gathering and logistics services to upstream producers through its MLP structure.

Geographic exposure

United States. Midstream operations include Permian Basin assets following the H2O Midstream and Gravity acquisitions. Specific refinery locations are not detailed in the available filing excerpts.

Source: SEC 10-K, filed 2026-02-27

Industry: Petroleum Refining Peers: Archaea Energy Inc. Opal Fuels Inc Clean Energy Fuels Corp CVR Energy Inc Green Plains Inc World Kinect Corp Marathon Petroleum Corp PBF Energy Inc Renewable Energy Group, Inc. Sunoco LP