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Delek US Holdings Reports Third Quarter 2020 Results

Pathway to improving cash flow by $200 million Y/Y in 2021 Trimming workforce approximately 8% adapting to prevailing macro conditions, focusing on competitiveness and efficiency Reducing CAPEX approximately 40% Y/Y; 2021 spending guidance of $150 to $160 million (including turnarounds) Exceeding G&A and operating cost reduction guidance in 2020; expect incremental $80 million reductions in …

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Announcement of Big Spring Dropdown

BRENTWOOD, Tenn. March 31, 2020 – Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) and Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced an agreement for the dropdown of the Big Spring gathering system to Delek Logistics for total consideration of $100 million in cash and 5.0 million common units representing limited partnership …

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