MEDIUMBuilt-inGeographic
Gulf Coast Region (PADD III)
“10-K Item 1A: 'our operations are focused primarily in the Gulf Coast Region (PADD III)'”
DK · Concentration risk · 10-K extracted
Delek US Holdings (DK) concentration risks
Updated
The most significant concentration Delek US Holdings discloses is Gulf Coast Region (PADD III), classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Delek US Holdings’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's only disclosed concentration is geographic, with operations focused primarily in the Gulf Coast Region, identified in the filing by its PADD III designation. By disclosed size this is a moderate concentration and structural in character — the company's refinery assets and logistics infrastructure are physically located in this region and cannot be redeployed elsewhere. The concentration reflects where the company's capital has historically been invested rather than a transitory preference, and it shapes the company's exposure to regional crude feedstock pricing, product crack spreads, and pipeline and terminal infrastructure dynamics specific to the Gulf Coast. There are no disclosed customer, supplier, or product-segment concentrations beyond this geographic disclosure. The profile is therefore narrow in terms of axes, presenting a single, well-defined geographic concentration without additional counterparty or product-level dependencies layered on top. The Gulf Coast refining region is among the largest and most liquid crude processing areas in the country, which provides some natural market liquidity and feedstock optionality, but physical asset concentration means that regional environmental events, regulatory changes specific to PADD III, or infrastructure disruptions affecting Gulf Coast logistics would have an outsized impact on operations relative to a more geographically diversified refiner. On balance, this is a structurally embedded geographic concentration that is well-known to investors in the independent refining sector. The key variables to monitor are Gulf Coast crude differentials, regional refining utilization, and any regulatory developments affecting downstream operations in PADD III.
For the engine’s reasoning on DK’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Oil & Gas Refining & Marketing
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| IEP | Icahn Enterprises L.P. - Deposi | 1 | 0 | 1 | 2 |
| CVI | CVR Energy Inc. | 0 | 4 | 1 | 5 |
| APC | ARKO Petroleum Corp. | 0 | 1 | 0 | 1 |
| DK● | Delek US Holdings, Inc. | 0 | 1 | 0 | 1 |
| DKL | Delek Logistics Partners, L.P. | 0 | 1 | 0 | 1 |
| DINO | HF Sinclair Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.