BRENTWOOD, Tenn.– May 5, 2020 — Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) today announced financial results for its first quarter
ended March 31, 2020. Delek US reported first quarter 2020 net loss of $(314.4) million, or $(4.28) per diluted share, versus a net income of
$149.3 million, or $1.90 per diluted share, for the quarter ended March 31, 2019. On an adjusted basis, Delek US reported Adjusted net loss
of $(128.0) million, or $(1.74) per share for the first quarter 2020. This compares to Adjusted net income of $129.4 million, or $1.64 per share,
in the prior-year period. Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) was $(29.7) million
compared to Adjusted EBITDA of $244.1 million in the prior-year period. Reconciliations of net income reported under U.S. GAAP to Adjusted
net income and Adjusted EBITDA are included in the financial tables attached to this release.
