Company Overview

Delek US Holdings, Inc. is a U.S.-based, integrated downstream energy company operating primarily in the petroleum refining, logistics, and convenience retail industries. The company focuses on refining crude oil into transportation fuels and related products and distributing them through both wholesale and retail channels. Its core revenue drivers include refined petroleum product sales, pipeline and terminal logistics services, and fuel retail operations.

The company has historically positioned itself as a regional refiner with a strong logistics backbone, emphasizing operational efficiency, midstream integration, and exposure to inland crude supply basins. Founded in 2001 as part of Delek Group Ltd.’s expansion into the U.S. energy market, Delek US Holdings has evolved through a series of acquisitions, refinery upgrades, and midstream investments to become a diversified downstream operator with increased fee-based cash flow stability.

Business Operations

Delek US operates through three primary business segments: Refining, Logistics, and Retail. The Refining segment includes multiple inland refineries that process crude oil into gasoline, diesel, jet fuel, and other refined products, generating revenue primarily through wholesale fuel sales. The Logistics segment operates through pipelines, terminals, storage facilities, and transportation assets that support both Delek’s refineries and third-party customers, providing fee-based services. The Retail segment markets motor fuels and convenience merchandise through branded and unbranded retail fuel stations.

Operations are primarily domestic, with assets concentrated in the central and southern United States. The company controls critical midstream infrastructure through its majority ownership in Delek Logistics Partners, LP, which serves as a key subsidiary and cash flow contributor. Delek US also maintains commercial partnerships with crude suppliers, fuel distributors, and logistics counterparties to optimize refinery utilization and market access.

Strategic Position & Investments

Delek US’s strategy centers on improving refining margins, expanding fee-based logistics income, and maintaining disciplined capital allocation. Growth initiatives have emphasized midstream asset development, refinery optimization projects, and selective acquisitions that enhance scale or regional integration. The company has historically invested in logistics assets to reduce earnings volatility and strengthen long-term cash flow visibility.

Notable investments include the expansion and dropdown of logistics assets into Delek Logistics Partners, LP, as well as refinery acquisitions that increased throughput capacity and geographic reach. The company continues to evaluate opportunities in renewable fuels, operational efficiency technologies, and infrastructure enhancements, although the long-term material impact of emerging energy transition initiatives remains evolving based on publicly available disclosures.

Geographic Footprint

Delek US Holdings’ operations are concentrated in the United States, with its corporate headquarters located in Brentwood, Tennessee. The company’s refineries, pipelines, terminals, and retail locations are primarily situated across Texas, Arkansas, Louisiana, and other parts of the Mid-Continent and Gulf Coast regions.

While the company does not have significant international operations, its geographic positioning provides access to major crude oil supply basins and refined product demand centers within North America. This regional focus allows Delek US to leverage inland crude discounts, efficient logistics routes, and proximity to end markets.

Leadership & Governance

Delek US Holdings is led by an executive team with experience in refining, logistics, and downstream operations. The leadership emphasizes operational discipline, safety, capital efficiency, and integration across refining and midstream assets, as reflected in the company’s public filings and investor communications.

Key executives include:

• Ezra Yemin – President and Chief Executive Officer
• Avigal Soreg – Executive Vice President and Chief Financial Officer
• Mark Hobbs – Executive Vice President, Operations
• Sherri Kremser – Executive Vice President, General Counsel and Secretary
• Rick Baldassarre – Senior Vice President, Retail