Filing Flows › Delek US Holdings (DK) › Q3 2025
Delek US Holdings (DK) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Delek US Holdings (DK) reported revenue of $2.9B for the third quarter 2025 (Q3 2025), -5% from a year earlier and +4% from the quarter before. Operating margin was 10.2%, net earnings $178M (6.2% of revenue).
Delek US Holdings, Q3 2025: revenue $2.9B (-5% year over year), operating margin 10.2%, net earnings $178M, operating cash flow $44.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | +4% | -5% |
| Operating profit | $296M | — | — |
| Net earnings | $178M | — | — |
| Operating cash flow | $44.0M | -14% | — |
What changed
Revenue was $2.9B in Q3 2025, down 5% year over year and up 4% from the previous quarter.
Operating profit was $0.30B, a 10.2% margin (up 14.2 points year over year). Total costs fell 18% while revenue fell 5%. Net earnings were $0.18B. The effective tax rate was 17.0%.
Operating cash flow was $0.04B, 23% of net income including minority interests. Non-cash charges added back $0.10B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.30B. Capital expenditures of $0.11B exceeded it, leaving free cash flow of −$0.06B.
Questions
What was Delek US Holdings' revenue in the third quarter 2025?
Delek US Holdings (DK) reported revenue of $2.9B for the third quarter 2025 (Q3 2025), -5% from a year earlier and +4% from the quarter before.
Was Delek US Holdings profitable in the third quarter 2025?
Operating profit was $296M (10.2% of revenue) and net earnings $178M.
Source: Delek US Holdings 10-Q on SEC EDGAR.