DK — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-05

• The near term economic outlook remains uncertain due to geopolitical instability, commodity market volatility and our requirements to comply with the U.S. Environmental Protection Agency’s Renewable Fuel Standard - 2 ("RFS-2") regulations. On August 3, 2026 EPA announced its final action on certain …

• In response to uncertainty, we continue to progress our business transformation focused on enterprise-wide opportunities to improve the efficiency of our cost structure. We continued to advance our strategic initiatives aimed at long-term value creation. This includes the progress made on our EOP. T…

• We want to reward our shareholders with a disciplined and balanced capital allocation framework. As we strengthen our relative financial position, we believe a balanced approach between shareholder returns and balance sheet improvement is appropriate. As of June 30, 2026, we returned $51.2 million o…

• Our near-term focus is centered around the following: (1) operational excellence, (2) financial strength and flexibility, (3) strategic initiatives which includes unlocking the "sum of the parts" value of our existing business while identifying growth opportunities to enhance the Company's scale and…

• On May 15, 2026, Delek entered into an amendment (“Amendment No. 1”) to the Delek Term Loan Credit Facility. Proceeds and cash on hand were used to refinance the Company’s existing term loan facility. As a result of the refinancing effected pursuant to Amendment No. 1, outstanding term loans of the …

Text removed vs the prior filing · source: 10-Q · 2026-04-29

• goodwill, or have other financial statement impacts that cannot currently be anticipated;

• The near term economic outlook still has uncertainty due to geopolitical instability, commodity market volatility and our requirements to comply with the U.S. Environment Projection Agency’s Renewable Fuel Standard - 2 ("RFS-2") regulations. As a result, we continue to progress our business transfor…

• We want to reward our shareholders with a disciplined and balanced capital allocation framework. As we strengthen our relative financial position, we believe a balanced approach between shareholder returns and balance sheet improvement is appropriate. As of March 31, 2026, we returned $15.6 million …

• Our near-term focus is centered around the following: (1) operational excellence, (2) financial strength and flexibility, (3) strategic initiatives which includes unlocking the "sum of the parts" value of our existing business while identifying growth opportunities to enhance the Company's scale and…

• On January 30, 2026, we entered into the Intercompany Agreements, pursuant to which we agreed to acquire a Tyler refinery tank for total consideration of $19.0 million (the “Tyler Tank Purchase”) and El Dorado tank and terminal assets for total consideration of $66.0 million (the “El Dorado Terminal…

Text added vs the prior filing · source: 10-Q · 2026-08-05

• The annualized impact of a hypothetical one percent change in interest rates on our floating rate debt, after considering the interest rate swaps, outstanding as of June 30, 2026 would be to change interest expense by approximately $2.0 million.

Text removed vs the prior filing · source: 10-Q · 2026-04-29

• On April 1, 2026, we entered into an interest rate swap agreement to hedge floating rate debt by exchanging interest rate cash flows, based on a notional amount from a floating rate to a fixed rate, which effectively fixed the variable SOFR interest component of the Delek Term Loan Credit Facility. …

• The annualized impact of a hypothetical one percent change in interest rates on our floating rate debt, after considering the interest rate swaps, outstanding as of March 31, 2026 would be to change interest expense by approximately $3.8 million.

Text added vs the prior filing · source: 10-Q · 2026-08-05

• In addition, in May 2026, the Company filed a petition in the U.S. Court of Appeals for the D.C. Circuit challenging the EPA's final rule reallocating small refinery exemption volumes from prior compliance years into the annual Renewable Fuel Standard volume obligations for the 2026 and 2027 complia…

Text added vs the prior filing · source: 10-Q · 2026-08-05

• On May 18, 2026, Avigal Soreq, Chief Executive Officer and a member of our Board of Directors, adopted a Rule 10b5-1 trading arrangement for the sale of up to 80,000 shares of our common stock, subject to certain conditions. The arrangement’s expiration date is November 13, 2026.

• On May 14, 2026, Ezra Uzi Yemin, Chairman of our Board of Directors, adopted a Rule 10b5-1 trading arrangement for the sale of up to 200,000 shares of our common stock, subject to certain conditions. The arrangement’s expiration date is August 13, 2027.

• On May 18, 2026, Mark Hobbs, Executive Vice President, Delek Logistics, adopted a Rule 10b5-1 trading arrangement for the sale of up to 20,000 shares of our common stock, subject to certain conditions. The arrangement’s expiration date is August 17, 2027.

• On June 5, 2026, Vicky Sutil, a member of our Board of Directors, adopted a Rule 10b5-1 trading arrangement for the sale of up to 6,397 shares of our common stock, subject to certain conditions. The arrangement’s expiration date is January 15, 2027.

• On August 3, 2026, the Company entered into a Second Amendment to the Executive Employment Agreement, dated as of March 28, 2022, as amended by the First Amendment dated November 6, 2024 (the “Agreement”), by and between the Company and Avigal Soreq, President and Chief Executive Officer of Delek US…