Delek Logistics Partners, LP
(NYSE:DKL)

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment inclu...

Website: http://www.deleklogistics.com

Founded: 2012

Sector: Energy

Industry: Oil & Gas Midstream

Energy

Share this website to your friends

• Market Cap:

• Exchange:

• Shs Outstanding:

• Employees:

• Beta:

• Return on Equity (ROE) ttm:

• Return on Assets (ROA) ttm:

• EPS ttm:

• Book value per Share:

• Cash per Share:

• Current ast per Share:

• P/E ttm:

• P/E forward:

• P/E ttm high:

• P/E ttm low:

• P/S ttm:

• P/B ttm:

• P/FCF ttm:

• PEG ratio:

• Cash Ratio ttm:

• Quick Ratio ttm:

• Current Ratio ttm:

• Gross Mgn ttm:

• EBITDA Mgn ttm:

• Operating Mgn ttm:

• Net Income Mgn ttm:

• Trailing Div yield:

• Forward Div yield:

• Payout Ratio ttm:

• Ex-Dividend date:

• Target Price High:

• Target Price Low:

• Target Price Mean:

• Number of Analysts:

• Debt Ratio ttm:

• Debt to Equity ttm:

• Total Net Debt:

At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30

net revenues	297,466,000	255,766,000	261,277,000	246,350,000	249,930,000	209,863,000	214,070,000	264,628,000	252,075,000	254,149,000	275,824,000	246,911,000	243,525,000	269,051,000	294,025,000	266,750,000	206,581,000	189,884,000	189,627,000	168,478,000	152,913,000	140,112,000	142,268,000	117,637,000	163,401,000	138,610,000	137,556,000	155,342,000	152,483,000	159,298,000	164,110,000	166,280,000	167,921,000
affiliate	166,690,000	128,051,000	131,016,000	114,083,000	126,321,000	106,430,000	114,899,000	156,828,000	139,625,000	149,400,000	156,411,000	132,993,000	124,999,000																				61,644,000	39,706,000	40,131,000	39,824,000	36,619,000	37,750,000	36,360,000	36,694,000	38,760,000	38,589,000	41,824,000	39,871,000	32,280,000
third party	130,776,000	127,715,000	130,261,000	132,267,000	123,609,000	103,433,000	99,171,000	107,800,000	112,450,000	104,749,000	119,413,000	113,918,000	118,526,000	164,910,000	166,875,000	142,384,000	82,827,000	79,493,000	66,108,000	79,756,000	56,719,000	47,185,000	46,858,000	30,008,000	56,702,000	69,126,000	70,909,000	93,424,000	89,518,000	97,048,000	100,275,000	113,200,000	106,277,000	111,501,000	90,495,000	86,945,000	92,854,000
cost of sales:
cost of materials and other - affiliate	108,185,000	82,374,000	85,486,000	84,411,000	89,966,000	69,359,000	84,015,000	103,065,000	92,882,000	98,071,000	115,149,000	92,042,000	91,071,000
cost of materials and other - third party	60,426,000	48,788,000	44,238,000	34,950,000	39,086,000	35,114,000	33,495,000	34,995,000	30,810,000	29,707,000	35,479,000	36,083,000	35,025,000
operating expenses	46,596,000	45,125,000	43,472,000	37,525,000	40,630,000	33,125,000	27,746,000	29,454,000	31,695,000	30,380,000	32,611,000	28,476,000	24,215,000	22,546,000	25,065,000	20,284,000	17,543,000	13,197,000	16,830,000	14,876,000	13,495,000	14,575,000	13,694,000	11,623,000	13,954,000	22,023,000	17,490,000	16,521,000	15,307,000	15,423,000	14,489,000	14,917,000	12,577,000	12,288,000	10,662,000	9,966,000	10,358,000	8,753,000	9,251,000	8,730,000	10,464,000	11,732,000	11,616,000	10,798,000	10,777,000	9,710,000	10,213,000	9,544,000	9,319,000	7,227,000	7,474,000	6,067,000	5,862,000	7,689,000	6,579,000
depreciation and amortization	35,353,000	35,597,000	34,128,000	25,879,000	26,498,000	23,253,000	19,969,000	22,746,000	25,167,000	21,642,000	23,261,000	22,469,000	19,764,000	18,334,000	19,067,000	12,948,000	9,861,000	11,552,000	9,666,000	9,480,000	10,247,000	10,780,000	8,931,000	8,223,000	5,803,000	6,443,000	6,138,000	6,188,000	6,124,000	5,821,000	6,252,000	7,019,000	6,000,000	5,517,000	5,462,000	5,742,000	5,193,000	5,649,000	5,356,000	4,812,000	4,996,000	5,907,000	4,541,000	4,744,000	4,500,000	3,947,000	3,749,000	3,532,000	3,477,000	3,362,000	2,844,000	2,372,000	2,352,000	2,026,000	2,255,000
total cost of sales	250,560,000	211,884,000	207,324,000	182,765,000	196,180,000	160,851,000	165,225,000	190,260,000	180,554,000	179,800,000	206,500,000	179,070,000	170,075,000	201,948,000	221,872,000	209,592,000	153,598,000	134,163,000	131,625,000	113,051,000	104,913,000	88,572,000	83,317,000	63,738,000	121,050,000	102,226,000	96,222,000	116,563,000	117,696,000	119,661,000	126,337,000
operating expenses related to wholesale business	449,000	340,000	381,000	549,000	355,000	145,000	174,000	174,000	221,000	1,022,000	392,000	480,000	525,000	764,000	836,000	705,000	564,000	596,000	515,000	605,000	561,000	281,000	536,000	826,000	790,000	314,000	945,000	806,000	751,000	432,000	906,000
general and administrative expenses	4,274,000	6,311,000	4,520,000	8,944,000	8,864,000	9,320,000	15,745,000	6,016,000	4,863,000	5,100,000	5,545,000	6,611,000	7,510,000	3,355,000	11,959,000	13,773,000	5,095,000	5,527,000	6,141,000	6,077,000	4,860,000	5,614,000	6,122,000	4,721,000	6,130,000	5,769,000	5,280,000	5,293,000	4,473,000	7,368,000	3,076,000	3,747,000	2,975,000	3,585,000	2,751,000	2,656,000	2,848,000	2,338,000	2,307,000	2,698,000	2,913,000	2,290,000	2,703,000	2,982,000	3,409,000	3,258,000	2,453,000	2,242,000	2,663,000	1,684,000	1,868,000	1,111,000	1,677,000	2,022,000	1,614,000
other operating expense	1,026,000	-208,750	3,013,000	438,000	-4,286,000									-30,000	-132,000		12,000	-113,000	273,000						-107,000
total operating costs and expenses	257,457,000	219,325,000	215,909,000	193,914,000	202,331,000	171,848,000	182,262,000	196,167,000	187,533,000	201,633,000	213,270,000	186,964,000	179,593,000	207,430,000	235,008,000	224,544,000	159,743,000	140,529,000	139,044,000	120,084,000	110,743,000	95,007,000	90,503,000	69,756,000	128,359,000	108,895,000	102,827,000	123,086,000	123,372,000	128,152,000	131,486,000	131,570,000	140,644,000	127,509,000	107,990,000	103,398,000	111,001,000	105,517,000	90,469,000	89,341,000	85,082,000	91,069,000	143,245,000	150,995,000	127,098,000	151,229,000	210,548,000	211,966,000	187,668,000	209,755,000	230,408,000	217,516,000	197,751,000	241,425,000	265,734,000
operating income	40,009,000	36,441,000	45,368,000	52,436,000	47,599,000	38,015,000	31,808,000	68,461,000	64,542,000	52,516,000	62,554,000	59,947,000	63,932,000	61,621,000	59,017,000	42,206,000	46,838,000	49,355,000	50,583,000	48,394,000	42,170,000	45,105,000	51,765,000	47,881,000	35,042,000	29,715,000	34,729,000	32,256,000	29,111,000	31,146,000	32,624,000	34,710,000	27,277,000	23,698,000	22,636,000	23,371,000	18,472,000	19,163,000	17,001,000	22,512,000	18,974,000	17,862,000	21,847,000	21,139,000	16,414,000	22,118,000	17,488,000	24,377,000	15,859,000	13,342,000	12,887,000	12,625,000	13,143,000	7,792,000	6,072,000
yoy	-15.95%	-4.14%	42.63%	-23.41%	-26.25%	-27.61%	-49.15%	14.20%	0.95%	-14.78%	5.99%	42.03%	36.50%	24.85%	16.67%	-12.79%	11.07%	9.42%	-2.28%	1.07%	20.34%	51.79%	49.05%	48.44%	20.37%	-4.59%	6.45%	-7.07%	6.72%	31.43%	44.12%	48.52%	47.67%	23.67%	33.15%	3.82%	-2.65%	7.28%	-22.18%	6.50%	15.60%	-19.24%	24.93%	-13.28%	3.50%	65.78%	35.70%	93.09%	20.66%	71.23%	112.24%
qoq	9.79%	-19.68%	-13.48%	10.16%	25.21%	19.51%	-53.54%	6.07%	22.90%	-16.05%	4.35%	-6.23%	3.75%	4.41%	39.83%	-9.89%	-5.10%	-2.43%	4.52%	14.76%	-6.51%	-12.87%	8.11%	36.64%	17.93%	-14.44%	7.67%	10.80%	-6.53%	-4.53%	-6.01%	27.25%	15.10%	4.69%	-3.14%	26.52%	-3.61%	12.72%	-24.48%	18.65%	6.23%	-18.24%	3.35%	28.79%	-25.79%	26.48%	-28.26%	53.71%	18.87%	3.53%	2.08%	-3.94%	68.67%	28.33%
operating margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	15.67%	17.33%	18.44%	14.27%	15.37%	15.82%	20.13%	18.23%	16.40%	13.23%	12.28%	11.44%	12.76%	7.67%	10.31%	7.79%	5.98%	5.30%	5.49%	6.23%	3.13%	2.23%
interest income	-32,285,000	-39,716,000	-26,716,000	-23,538,000	-22,547,000	-24,294,000	-23,470,000
interest expense	51,592,000	48,493,000	47,991,000	41,711,000	41,101,000	38,413,000	37,022,000	35,268,000	40,229,000	38,663,000	36,901,000	35,099,000	32,581,000	28,683,000	22,559,000	16,812,000	14,250,000	14,297,000	14,529,000	11,658,000	9,737,000	10,020,000	10,360,000	10,670,000	11,824,000	12,164,000	12,509,000	11,354,000	11,301,000	11,167,000	11,108,000	10,926,000	8,062,000	7,287,000	7,124,000	5,462,000	4,071,000	3,695,000	3,409,000	3,284,000	3,199,000	3,042,000	2,843,000	2,616,000	2,157,000	2,105,000	2,226,000	2,342,000	1,983,000	1,807,000	1,194,000	752,000	817,000	905,000	667,000
income from equity method investments	-11,623,000	-19,229,000	-21,878,000	-10,536,000	-10,150,000	-11,327,000	-15,602,000	-7,882,000	-8,490,000	-8,536,000	-9,296,000	-7,285,000	-6,316,000	-9,017,000	-8,567,000	-7,073,000	-7,026,000	-6,623,000	-7,261,000	-6,642,000	-4,049,000	-5,818,000	-4,860,000	-6,462,000	-5,553,000	-4,972,000	-8,394,000	-4,515,000		-1,170,250	-1,924,000	-1,899,000	-858,000
other income	-27,000			-20,000	-21,000			-40,000	-171,000	-279,000	-3,000	-19,000	-2,000	-9,750	-36,000	-2,000				-34,000															-1,000
total non-operating expenses	7,657,000	-10,538,000	-536,000	7,617,000	8,383,000	2,764,000	-2,016,000	27,346,000	31,568,000	29,848,000	27,602,000	27,795,000	26,263,000	19,332,000	13,956,000	9,737,000	7,223,000	7,673,000	7,153,000	4,982,000	5,719,000	4,232,000	5,605,000	4,206,000	6,271,000	7,331,000	4,115,000	7,300,000	9,350,000	9,618,000	9,192,000	9,027,000	7,204,000	5,339,000	5,539,000	4,286,000	3,826,000	4,130,000	3,717,000	3,490,000	3,428,000	3,188,000	3,136,000	2,765,000
income before income tax expense	32,352,000	46,979,000	45,904,000	44,819,000	39,216,000	35,251,000	33,824,000	41,115,000	32,974,000	22,668,000	34,952,000	32,152,000	37,669,000	42,289,000	45,061,000	32,469,000	39,615,000	41,682,000	43,430,000	43,412,000	36,451,000	40,873,000	46,160,000	43,675,000	28,771,000	22,384,000	30,614,000	24,956,000	19,761,000	21,528,000	23,432,000	25,683,000	20,073,000	18,359,000	17,097,000	19,085,000	14,646,000	15,033,000	13,284,000	19,022,000	15,546,000	14,674,000	18,711,000	18,374,000	14,257,000					7,549,750	11,693,000	11,873,000	12,326,000	3,287,000	5,405,000
income tax expense		-313,000	344,000	245,000	182,000	-54,000	150,000	57,000	326,000	520,000	127,000	256,000	302,000	-411,000	387,000	305,000	101,000	-3,000	-194,000	166,000	184,000	156,000	-168,000	-740,000	975,000	747,000	84,000	71,000	65,000	249,000	106,000	101,000	78,000	-555,000	174,000	108,000	51,000	-279,000	133,000	129,000	98,000	-621,000	109,000	63,000	254,000	-473,000	177,000	281,000	147,000	210,000	307,000	118,000	122,000	-19,207,000	2,437,000
net income	32,352,000	47,292,000	45,560,000	44,574,000	39,034,000																																	15,312,000	13,151,000	18,893,000	15,448,000	15,295,000	18,602,000	18,311,000	14,003,000	20,486,000	15,085,000	21,754,000	13,729,000	11,325,000	11,386,000	11,755,000	12,204,000	26,094,000	2,968,000
yoy	-17.12%																																					0.11%	-29.30%	3.18%	10.32%	-25.34%	23.31%	-15.83%	2.00%	80.89%	32.49%	85.06%	12.50%	-56.60%	283.63%
qoq	-31.59%	3.80%	2.21%	14.19%																																		16.43%	-30.39%	22.30%	1.00%	-17.78%	1.59%	30.76%	-31.65%	35.80%	-30.66%	58.45%	21.23%	-0.54%	-3.14%	-3.68%	-53.23%	779.18%
net income margin %	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	0%	0%	0%	12.28%	12.24%	16.89%	14.85%	14.04%	11.27%	10.64%	9.76%	11.82%	6.62%	9.20%	6.75%	5.08%	4.68%	5.11%	5.79%	10.47%	1.09%
comprehensive income	32,352,000	47,292,000	45,560,000	44,574,000	39,034,000																																															11,755,000	12,204,000	1,991,250	2,968,000
net income per unit:
basic	600	890	850	830	730	670	710	870	740	510	800	730	860	980	1,030	740
diluted	600	890	850	830	730	670	710	870	730	500	800	730	860	990	1,030	740
weighted-average common units outstanding:
basic	53,514,387,000	53,501,020,000	53,467,306,000	53,445,803,000	53,604,659,000	47,452,138,000	47,109,008,000	47,219,184,000	44,406,356,000	43,583,938,000	43,588,316,000	43,577,428,000	43,569,963,000	43,487,910,000	43,485,779,000	43,475,931,000
diluted	53,602,510,000	53,552,206,000	53,519,572,000	53,473,271,000	53,633,836,000	47,479,248,000	47,135,101,000	47,232,507,000	44,422,817,000	43,611,314,000	43,604,791,000	43,597,282,000	43,585,297,000	43,511,650,000	43,515,960,000	43,502,983,000
other expense		6,500	67,000			-44,250	34,000										-1,000	-1,000	-115,000		31,000	30,000	105,000	-2,000		139,000		461,000			8,000
other operating income						316,000	-117,000	-1,744,000												-136,000	-83,000	-26,750
net income attributable to partners						26,845,000	33,674,000	41,058,000	32,648,000	22,148,000	34,825,000	31,896,000	37,367,000	42,700,000	44,674,000	32,164,000	39,514,000	41,685,000	43,624,000	43,246,000	36,267,000	40,717,000	46,328,000	44,415,000	27,796,000	21,637,000	30,530,000	24,885,000	19,696,000	21,279,000	23,326,000	25,582,000	19,995,000	18,914,000	16,923,000	18,977,000	14,595,000	15,312,000	13,151,000	18,893,000	15,448,000	15,295,000	18,602,000	18,311,000	14,640,000	20,486,000	15,085,000	21,754,000	14,672,000	11,325,000	12,545,000
comprehensive income attributable to partners						26,845,000	33,674,000	41,058,000	32,648,000	22,148,000	34,825,000	31,896,000	37,367,000	42,700,000	44,674,000	32,164,000	39,514,000	41,685,000	43,624,000	43,246,000	36,267,000	40,717,000	46,328,000	44,415,000	27,796,000	21,637,000	30,530,000	24,885,000	19,696,000	21,279,000	23,326,000	25,582,000	19,995,000	18,914,000	16,923,000	18,977,000	14,595,000	15,312,000	13,151,000	18,893,000	15,448,000	15,295,000	18,602,000	18,311,000	14,640,000	20,486,000	15,085,000	21,754,000	14,672,000	11,325,000	12,545,000
net income per limited partner unit:
basic	600	890	850	830	730	670	710	870	740	510	800	730	860	980	1,030	740
diluted	600	890	850	830	730	670	710	870	730	500	800	730	860	990	1,030	740
weighted-average limited partner units outstanding:
basic	53,514,387,000	53,501,020,000	53,467,306,000	53,445,803,000	53,604,659,000	47,452,138,000	47,109,008,000	47,219,184,000	44,406,356,000	43,583,938,000	43,588,316,000	43,577,428,000	43,569,963,000	43,487,910,000	43,485,779,000	43,475,931,000
diluted	53,602,510,000	53,552,206,000	53,519,572,000	53,473,271,000	53,633,836,000	47,479,248,000	47,135,101,000	47,232,507,000	44,422,817,000	43,611,314,000	43,604,791,000	43,597,282,000	43,585,297,000	43,511,650,000	43,515,960,000	43,502,983,000
cash distributions per common limited partner unit								1,090	1,070	1,055	1,045	1,035	1,025	1,020	990	985
loss on disposal of assets									567,000			-455,000	142,000
gain on disposal of assets										-462,000	-491,000
net revenues:
affiliates														93,817,500	127,150,000	124,366,000	123,754,000	77,108,750	123,519,000	88,722,000	96,194,000	72,434,750	95,410,000	87,629,000	106,699,000	47,882,500	66,647,000	61,918,000	62,965,000	44,639,750	63,835,000	53,080,000
cost of materials and other														120,073,750	177,740,000	176,360,000	126,194,000	109,414,000	105,129,000	88,695,000	81,171,000	63,217,000	60,692,000	43,892,000	101,293,000	73,760,000	72,594,000	93,854,000	96,265,000	98,417,000	105,596,000
net income per limited partner unit:
common units - basic																	910	960	1,000	1,000	830	880	1,260	1,180	760	530	890
common units - diluted																	910	960	1,000	1,000	830	880	1,260	1,180	760	530	890
weighted-average limited partner units outstanding:
cash distributions per limited partner unit																	980	-15	950	940	920	910	905	900	890	890	880	850	820	810	790	770	750	725	715	705	690	680	655	630	610	590	570	550	530	510	490
less: general partner's interest in net income, including incentive distribution rights																								9,647,000	9,077,000	8,836,000	8,895,000	8,079,000	7,270,000	7,065,000	6,636,000	6,212,000	5,630,000	5,023,000	4,745,000	4,552,000	4,109,000	3,890,000	3,259,000	2,791,000	2,253,000	1,784,000	1,383,000	-1,109,000	-887,000	-855,000	-598,000	-620,000
limited partners' interest in net income																		41,685,000	43,624,000	43,246,000	36,267,000	40,717,000	46,328,000	34,768,000	18,719,000	12,801,000	21,635,000	16,806,000	12,426,000	14,214,000	16,690,000	19,370,000	14,365,000	13,891,000	12,178,000	14,425,000	10,486,000	11,422,000	9,892,000	16,102,000	13,195,000	13,511,000	17,219,000	17,202,000	13,753,000	19,631,000	14,487,000	21,134,000	14,379,000	11,097,000	12,295,000	11,521,000	11,960,000
loss on asset disposals																										-23,750	-70,000		2,000	243,000	717,000	-129,000	60,000	-22,000	-5,000	-5,000	12,000		28,000		-44,000	122,000		-23,000	5,000	9,000		74,000
gain on asset disposals																												-27,000
common units -																												690	510	580	680	790	590	570	500	590	430	470	410	660	540	560	710	710	570	810	600	880	600	460	510	480	500
(income) from equity method investments																													-1,951,000
operating costs and expenses:
cost of goods sold																																106,016,000	119,032,000	106,141,000	89,120,000	85,039,000	92,590,000	88,777,000	73,527,000	73,101,000	66,753,000	71,018,000	124,385,000	132,494,000	108,407,000	134,305,000	194,133,000	196,574,000	172,209,000	197,316,000	218,222,000	207,966,000	187,860,000	229,684,000	255,281,000
net sales:
net sales																																		151,207,000	130,626,000	126,769,000	129,473,000	124,680,000	107,470,000	111,853,000	104,056,000	108,931,000	165,092,000	172,134,000	143,512,000	173,347,000	228,036,000	236,343,000	203,527,000	223,097,000	243,295,000	230,141,000	210,894,000	249,217,000	271,806,000
yoy																																		21.28%	21.55%	13.34%	24.43%	14.46%	-34.90%	-35.02%	-27.49%	-37.16%	-27.60%	-27.17%	-29.49%	-22.30%	-6.27%	2.69%	-3.49%	-10.48%	-10.49%
qoq																																		15.76%	3.04%	-2.09%	3.84%	16.01%	-3.92%	7.49%	-4.48%	-34.02%	-4.09%	19.94%	-17.21%	-23.98%	-3.51%	16.12%	-8.77%	-8.30%	5.72%	9.13%	-15.38%	-8.31%
loss from equity method investments																																		-1,948,000	-1,584,000	-1,176,000	-245,000
net income per limited partner unit :
subordinated units - delek																																						550			540	550	710	710	570	810	600	870	600	460	510	480	500
weighted-average limited partner units outstanding :
third-party																																						52,891,250	71,110,000	75,159,000	65,296,000	91,690,750	123,268,000	132,263,000	111,232,000
loss on equity method investments																																						435,000	308,000	206,000	229,000	146,000	293,000	149,000
less: loss attributable to the logistics assets predecessor
less: loss attributable to predecessors																																													-637,000	-235,750			-943,000
net income before income tax expense																																														12,793,250	15,262,000	22,035,000	13,876,000
cash distributions per unit																																																475	425
less: general partner's interest in net income																																																	-293,000	228,000	250,000	234,000	244,000
loss on sale of assets																																																						4,000	5,000
less: income attributable to predecessors																																																			-1,159,000
cash distribution per unit																																																		296.25	405	395	385
gain on sale of assets

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30

assets
current assets:
cash and cash equivalents	10,892,000	6,912,000	1,436,000	2,107,000	5,384,000	7,317,000	5,111,000	9,672,000	3,755,000	4,182,000	7,715,000	10,964,000	7,970,000	14,945,000	13,810,000	2,726,000	4,292,000	4,864,000	2,173,000	13,377,000	4,243,000	6,024,000	16,196,000	4,176,000	5,545,000	6,353,000	5,440,000	5,356,000	4,522,000	19,006,000	5,177,000	4,787,000	4,675,000	5,290,000	4,899,000	33,000	59,000			204,000	1,861,000	1,861,000	1,861,000		1,861,000	733,000	2,417,000	4,126,000	924,000	6,712,000	27,303,000	18,980,000	23,452,000	213,000
accounts receivable	114,544,000	91,816,000	97,522,000	68,650,000	54,725,000	48,173,000	48,968,000	56,993,000	41,131,000	41,271,000	65,844,000	60,536,000	53,314,000	53,351,000	43,943,000	20,350,000	15,384,000	18,421,000	18,065,000	12,322,000	15,676,000	17,472,000	15,907,000	12,392,000	13,204,000	19,998,000	26,852,000	21,538,000	21,586,000	21,815,000	21,881,000	25,365,000	23,013,000	20,317,000	18,270,000	23,812,000	19,202,000	13,492,000	17,217,000	29,167,000	27,986,000	27,986,000	27,986,000	30,317,000	27,956,000	39,534,000	37,951,000	31,527,000	28,976,000	34,611,000	38,009,000	37,886,000	27,725,000	37,182,000
accounts receivable from related parties	216,641,000	242,366,000	272,488,000	54,902,000	33,313,000		39,584,000	36,588,000	28,443,000	67,089,000	7,402,000										5,932,000	10,002,000	8,755,000							51,235,000	9,651,000	16,995,000	1,124,000	714,000	4,158,000		2,834,000		1,222,000	3,318,000				2,786,000				651,000
lease receivable - affiliate	36,362,000	21,632,000	19,585,000	21,065,000	22,783,000	23,852,000
inventory	17,913,000	18,635,000	17,139,000	8,659,000	5,427,000	4,632,000	1,756,000	1,655,000	2,264,000	4,137,000	3,078,000	2,656,000	1,483,000	2,490,000	3,654,000	1,779,000	2,406,000	2,222,000	1,988,000	1,867,000	3,127,000	1,696,000	2,140,000	5,133,000	12,617,000	7,695,000	4,682,000	6,669,000	5,491,000	4,198,000	12,715,000	13,116,000	20,855,000	7,891,000	6,522,000	6,328,000	8,875,000	7,264,000	9,759,000	6,715,000	10,316,000	10,316,000	10,316,000	4,476,000	10,316,000	9,825,000	24,833,000	14,049,000	17,512,000	21,239,000	15,574,000	24,499,000	14,351,000	32,333,000
other current assets	4,416,000	1,432,000	1,677,000	1,528,000	24,260,000	1,967,000	1,150,000	615,000	676,000	962,000	1,395,000	2,772,000	2,463,000	2,424,000	2,257,000	1,466,000	951,000	1,081,000	900,000	525,000	331,000	410,000	499,000	926,000	2,204,000	2,714,000	467,000	629,000	969,000	418,000	697,000	545,000	783,000	37,000	1,388,000	804,000	1,071,000	919,000	652,000	717,000	768,000	768,000	768,000	364,000	768,000	700,000	799,000	220,000	341,000	592,000	283,000	362,000	169,000	622,000
total current assets	400,768,000	382,793,000	409,847,000	156,911,000	145,892,000	85,941,000	96,569,000	105,523,000	76,269,000	117,641,000	85,434,000	76,928,000	65,230,000	73,210,000	63,664,000	26,321,000	23,033,000	26,588,000	23,126,000	28,091,000	29,309,000	35,604,000	43,497,000	22,627,000	33,570,000	36,760,000	37,441,000	34,192,000	32,568,000	96,672,000	50,121,000	60,808,000	50,450,000	34,249,000	35,237,000	30,977,000	32,041,000	21,675,000	28,850,000	40,121,000	40,959,000	40,959,000	40,959,000	37,971,000	40,929,000	50,804,000	66,012,000	50,585,000	47,765,000	63,168,000	81,183,000	81,741,000	65,711,000	77,935,000
property, plant and equipment:
property, plant and equipment	1,827,530,000	1,794,458,000	1,754,834,000	1,653,350,000	1,375,391,000	1,480,553,000	1,343,356,000	1,336,053,000	1,320,510,000	1,306,172,000	1,291,972,000	1,273,942,000	1,240,684,000	1,178,334,000	1,141,822,000	724,921,000	715,870,000	704,905,000	701,823,000	699,552,000	692,282,000	684,199,000	680,969,000	665,718,000	461,325,000	457,716,000	454,581,000	453,591,000	452,746,000	448,722,000	446,961,000	445,235,000	367,179,000	357,532,000	347,303,000	345,172,000	342,407,000	331,131,000	328,211,000	327,212,000	308,088,000	308,088,000	308,088,000	311,215,000	293,525,000	267,421,000	266,436,000	266,206,000	235,588,000	229,753,000	174,629,000	173,576,000	172,300,000	173,030,000
less: accumulated depreciation	-403,523,000	-375,615,000	-350,992,000	-331,367,000	-311,070,000	-440,557,000	-424,283,000	-406,009,000	-384,359,000	-369,476,000	-350,233,000	-332,814,000	-316,680,000	-302,734,000	-287,983,000	-276,587,000	-266,482,000	-256,696,000	-247,072,000	-237,495,000	-227,470,000	-216,698,000	-207,225,000	-186,249,000	-166,281,000	-159,623,000	-153,036,000	-146,712,000	-140,184,000	-134,052,000	-127,628,000	-120,918,000	-112,111,000	-106,880,000	-101,684,000	-96,263,000	-91,378,000	-86,035,000	-81,073,000	-76,487,000	-53,309,000	-53,309,000	-53,309,000	-57,547,000	-52,992,000	-49,318,000	-45,843,000	-42,631,000	-36,306,000	-33,264,000	-22,947,000	-20,841,000	-18,790,000	-17,156,000
equity method investments	340,070,000	325,753,000	320,176,000	317,466,000	317,152,000	322,745,000	235,911,000	238,185,000	241,337,000	241,937,000	242,747,000	243,273,000	257,022,000	248,005,000	248,675,000	249,893,000	250,030,000	251,919,000	252,048,000	251,448,000	253,675,000	255,368,000	255,323,000	255,743,000	246,984,000	246,998,000	241,597,000	107,830,000	104,770,000	105,233,000	106,432,000	105,630,000	106,465,000	106,098,000	104,659,000	102,975,000	101,080,000	94,638,000	73,362,000	55,268,000				6,018,000
customer relationship intangibles	233,022,000	238,571,000	245,548,000	232,959,000	186,911,000
other intangibles	137,439,000	134,237,000	132,662,000	130,681,000	94,547,000	95,538,000
goodwill	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	27,051,000	27,051,000	27,051,000	27,051,000	26,609,000	22,818,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	12,203,000	11,654,000	11,654,000	11,654,000	11,654,000	11,654,000	11,654,000	11,654,000	10,454,000	10,454,000	10,454,000	10,454,000	10,454,000	10,454,000	7,499,000
operating lease right-of-use assets	11,683,000	12,844,000	14,292,000	17,107,000	16,654,000	15,222,000	16,574,000	17,641,000	19,043,000	20,983,000	22,635,000	24,882,000	24,788,000	24,329,000	25,309,000	19,135,000	20,933,000	22,911,000	25,051,000	24,804,000	24,199,000	18,153,000	18,884,000	3,471,000	3,745,000	18,297,000	18,793,000	19,186,000
finance lease right-of-use assets	27,802,000
net lease investment - affiliate	185,656,000	186,560,000	188,045,000	189,683,000	193,126,000	186,361,000
other non-current assets	6,618,000	35,437,000	26,274,000	16,461,000	10,753,000	11,062,000	11,721,000	13,471,000	14,216,000	17,289,000	19,796,000	19,481,000	16,408,000	20,122,000	18,810,000	24,901,000	25,627,000	13,271,000	11,124,000	11,491,000	12,115,000	6,988,000	6,995,000	6,198,000	21,902,000	22,654,000	23,126,000	23,511,000	8,452,000	8,951,000	4,617,000	3,542,000	3,427,000	3,474,000	3,926,000	4,385,000	4,774,000	4,872,000	5,267,000	5,666,000	7,374,000	7,374,000	7,374,000	6,990,000	7,374,000	4,024,000	4,337,000	4,707,000	5,045,000	5,620,000	3,590,000	3,698,000	3,664,000	123,000
total assets	2,779,268,000	2,747,241,000	2,752,889,000	2,395,454,000	2,041,559,000	1,960,723,000	1,623,302,000	1,654,371,000	1,642,246,000	1,709,464,000	1,692,556,000	1,691,617,000	1,679,299,000	1,638,240,000	1,609,295,000	935,266,000	935,071,000	930,543,000	935,476,000	948,870,000	956,417,000	957,586,000	973,737,000	946,236,000	744,447,000	767,807,000	769,310,000	640,208,000	624,593,000	693,569,000	650,349,000	665,946,000	443,530,000	422,858,000	415,532,000	413,603,000	415,547,000	393,170,000	381,771,000	379,200,000	331,286,000	331,286,000	331,286,000	332,556,000	311,839,000	296,172,000	314,439,000	301,314,000	274,804,000	287,378,000	258,822,000	260,806,000	245,769,000	250,658,000
liabilities and equity
current liabilities:
accounts payable	292,908,000	308,405,000	382,373,000	59,948,000	41,380,000	35,683,000	26,236,000	26,313,000	26,290,000	27,989,000	14,510,000	23,097,000	57,403,000	53,053,000	44,398,000	12,627,000	8,160,000	7,441,000	4,836,000	4,155,000	6,659,000	4,740,000	1,795,000	4,385,000	12,471,000	12,477,000	8,214,000	5,511,000	14,226,000	11,513,000	9,319,000	19,717,000	19,147,000	14,547,000	10,176,000	13,117,000	10,853,000	8,664,000	5,567,000	8,165,000	17,929,000	17,929,000	17,929,000	14,218,000	18,208,000	23,670,000	39,731,000	24,577,000	26,045,000	26,995,000	31,691,000	33,377,000	21,849,000	40,946,000
interest payable	30,557,000	27,860,000	29,664,000	15,860,000	30,665,000	15,559,000	25,557,000	12,710,000	5,805,000	16,889,000	5,305,000	16,552,000	5,308,000	18,012,000	6,035,000	16,317,000	5,024,000	17,037,000	5,441,000	6,627,000	2,452,000	6,745,000	2,596,000	6,919,000	2,572,000																													16,000
excise and other taxes payable	16,569,000	17,922,000	16,725,000	9,282,000	6,764,000	7,641,000	8,407,000	7,638,000	10,321,000	11,951,000	7,338,000	4,349,000	8,230,000	6,759,000	6,817,000	4,023,000	5,280,000	3,798,000	4,560,000	3,637,000	4,969,000	3,433,000	4,330,000	4,088,000	3,941,000	1,722,000	4,238,000	4,496,000	4,069,000	2,849,000	4,590,000	5,373,000	4,700,000	3,376,000	4,714,000	4,535,000	4,841,000	2,763,000	3,513,000	4,379,000	5,443,000	5,443,000	5,443,000	5,542,000	5,443,000
current portion of operating lease liabilities	3,027,000	3,490,000	4,260,000	5,534,000	5,340,000	5,371,000	6,034,000	6,442,000	6,697,000	8,052,000	8,168,000	8,132,000	8,020,000	7,775,000	7,672,000	6,688,000	6,811,000	7,364,000	8,014,000	8,446,000	8,691,000	5,546,000	5,793,000	1,456,000	1,435,000	4,836,000	4,572,000	4,258,000
current portion of finance lease liabilities	8,310,000
accrued expenses and other current liabilities	5,122,000	12,556,000	9,582,000	6,835,000	4,629,000	4,886,000	3,794,000	4,098,000	11,477,000	5,483,000	6,123,000	6,367,000	6,202,000	7,189,000	6,573,000	6,327,000	7,117,000	7,830,000	7,829,000	5,355,000	5,529,000	3,482,000	3,461,000	3,719,000	5,765,000	10,489,000	5,622,000	10,940,000	5,056,000	9,953,000	5,282,000	10,790,000	6,033,000	8,897,000	4,350,000	2,315,000	2,925,000	3,185,000	2,221,000	2,470,000	1,588,000	1,588,000	1,588,000	1,760,000	1,588,000	7,099,000	9,270,000	5,401,000	5,776,000	6,348,000	5,323,000	7,865,000	3,615,000	4,387,000
total current liabilities	356,493,000	370,233,000	442,604,000	97,459,000	88,778,000	69,582,000	70,028,000	57,201,000	90,590,000	85,364,000	56,444,000	77,974,000	106,218,000	265,958,000	162,986,000	96,264,000	96,815,000	88,044,000	67,527,000	32,766,000	28,300,000	23,946,000	17,975,000	22,642,000	35,082,000	32,341,000	35,170,000	39,020,000	36,505,000	26,236,000	21,130,000	37,869,000	31,782,000	28,739,000	21,251,000	22,395,000	20,729,000	16,888,000	13,582,000	18,024,000	30,316,000	30,316,000	30,316,000	26,183,000	30,595,000	45,817,000	58,330,000	35,804,000	39,034,000	54,934,000	45,162,000	48,967,000	40,262,000	49,799,000
non-current liabilities:
long-term debt	2,344,420,000	2,288,318,000	2,211,426,000	2,145,730,000	1,875,397,000	1,894,257,000	1,566,346,000	1,601,226,000	1,673,789,000	1,726,429,000	1,729,338,000	1,693,200,000	1,646,567,000	1,448,772,000	1,522,183,000	905,536,000	898,970,000	901,404,000	928,728,000	983,436,000	992,291,000	1,006,145,000	995,200,000	939,955,000	833,110,000	840,765,000	840,920,000	705,175,000	700,430,000	776,684,000	737,139,000	737,694,000	422,649,000	401,318,000	396,897,000
operating lease liabilities, net of current portion	3,551,000	4,134,000	4,752,000	6,199,000	6,004,000	5,820,000	6,656,000	7,367,000	8,335,000	9,228,000	10,478,000	12,175,000	12,114,000	11,798,000	12,783,000	12,401,000	14,071,000	15,489,000	16,976,000	16,292,000	15,418,000	12,607,000	13,091,000	2,015,000	2,310,000	13,462,000	14,220,000	14,928,000
finance lease liabilities, net of current portion	20,289,000
asset retirement obligations	24,278,000	23,445,000	25,288,000	23,250,000	15,639,000	15,453,000	10,411,000	10,225,000	10,038,000	9,862,000	9,685,000	9,509,000	9,333,000	9,152,000	8,999,000	6,600,000	6,476,000	6,361,000	6,245,000	6,130,000	6,015,000	5,908,000	5,802,000	5,695,000	5,588,000	5,489,000	5,389,000	5,290,000	5,191,000	5,099,000	5,007,000	4,910,000	4,064,000	3,991,000	3,918,000	3,845,000	3,772,000	3,705,000	3,637,000	3,573,000	3,319,000	3,319,000	3,319,000	3,381,000	3,319,000	3,260,000	3,202,000	3,113,000	2,993,000	3,340,000	1,504,000	1,475,000	1,440,000	1,421,000
other non-current liabilities	24,123,000	43,639,000	36,828,000	25,381,000	20,213,000	20,719,000	21,168,000	20,819,000	21,363,000	17,733,000	16,113,000	16,181,000	15,767,000	16,817,000	18,803,000	20,987,000	22,731,000	23,998,000	23,847,000	20,955,000	22,078,000	19,229,000	18,826,000	19,298,000	19,261,000	18,240,000	17,911,000	17,700,000	17,290,000	15,977,000	16,035,000	16,119,000	14,260,000	14,568,000	14,545,000	14,348,000	11,730,000	11,608,000	11,259,000	10,680,000	5,889,000	5,889,000	5,889,000	6,790,000	5,889,000	5,411,000	5,593,000	5,711,000	5,612,000	7,965,000	8,574,000	9,208,000	9,625,000	6,044,000
total non-current liabilities	2,416,661,000	2,359,536,000	2,278,294,000	2,200,560,000	1,917,253,000	1,936,249,000	1,604,581,000	1,639,637,000	1,713,525,000	1,763,252,000	1,765,614,000	1,731,065,000	1,683,781,000	1,486,539,000	1,562,768,000	945,524,000	942,248,000	947,252,000	975,796,000	1,027,494,000	1,036,418,000	1,045,094,000	1,034,077,000	967,990,000	860,484,000	877,956,000	878,440,000	743,093,000	722,911,000	797,760,000	758,181,000	758,723,000	440,973,000	419,877,000	415,360,000	410,193,000	408,102,000	390,313,000	377,446,000	372,153,000	261,189,000	261,189,000	261,189,000	326,992,000	261,189,000	239,076,000	248,171,000	269,643,000	173,729,000	172,364,000	100,078,000	100,696,000	101,082,000	80,618,000
equity:
common unitholders - public; 19,643,923 units issued and outstanding at december 31, 2025	510,376,000
common unitholders - delek holdings; 33,868,203 units issued and outstanding at december 31, 2025	-504,262,000
total equity	6,114,000	17,472,000	31,991,000	97,435,000	35,528,000																																				39,781,000	39,781,000	39,781,000	-20,619,000	20,055,000	11,279,000	7,938,000	-4,133,000	62,041,000	60,080,000	113,582,000	111,143,000	104,425,000
total liabilities and equity	2,779,268,000	2,747,241,000	2,752,889,000	2,395,454,000	2,041,559,000																																				331,286,000	331,286,000	331,286,000	332,556,000	311,839,000	296,172,000	314,439,000	301,314,000	274,804,000	287,378,000	258,822,000	260,806,000	245,769,000
common unitholders - public; 19,611,965 units issued and outstanding at september 30, 2025		514,884,000
common unitholders - delek holdings; 33,868,203 units issued and outstanding at september 30, 2025		-497,412,000
common unitholders - public; 19,595,393 units issued and outstanding at june 30, 2025			519,930,000
common unitholders - delek holdings; 33,868,203 units issued and outstanding at june 30, 2025			-487,939,000
liabilities and deficit
common unitholders - public; 19,564,761 units issued and outstanding at march 31, 2025				525,141,000
common unitholders - delek holdings; 33,868,203 units issued and outstanding at march 31, 2025				-427,706,000
marketing contract intangible							98,550,000	100,352,000	102,155,000	103,958,000	105,760,000	107,563,000	109,366,000	111,169,000	112,971,000	114,774,000	116,577,000	118,380,000	120,182,000	121,985,000	123,788,000	125,591,000	127,393,000	129,196,000	130,999,000	132,802,000	134,605,000	136,407,000
current portion of long-term debt									30,000,000	15,000,000	15,000,000	15,000,000	15,000,000
equity
common unitholders - public; 17,374,618 units issued and outstanding at december 31, 2024					440,957,000
common unitholders - delek holdings; 34,111,278 units issued and outstanding at december 31, 2024					-405,429,000
customer relationship intangible						191,655,000	172,285,000	176,811,000	181,336,000	185,862,000	190,388,000	194,914,000	199,440,000	203,966,000	208,492,000
accounts payable to related parties						442,000						4,477,000	6,055,000	173,170,000	91,491,000	50,282,000	64,423,000	44,574,000	36,847,000	4,546,000				2,075,000	8,898,000	2,817,000	9,636,000	10,522,000	7,833,000							343,000		39,000			628,000	628,000	628,000		628,000	9,486,000	2,596,000		1,513,000	14,908,000	2,159,000	2,148,000	10,148,000
preferred units - 70,000 units issued and outstanding at september 30, 2024						70,000,000
common unitholders - public; 12,932,311 units issued and outstanding at september 30, 2024						282,458,000
common unitholders - delek holdings; 34,111,278 units issued and outstanding at september 30, 2024						-397,566,000
total deficit						-115,108,000	-51,307,000	-42,467,000	-161,869,000	-139,152,000	-129,502,000	-117,422,000	-110,700,000	-114,257,000	-116,459,000	-106,522,000	-103,992,000	-104,753,000	-107,847,000	-111,390,000	-108,301,000	-111,454,000	-78,315,000	-44,396,000	-151,119,000	-142,490,000	-144,300,000	-141,905,000	-134,823,000	-130,427,000	-128,962,000	-130,646,000	-29,225,000	-25,758,000	-21,079,000	-18,985,000	-13,284,000	-14,031,000	-9,257,000	-10,977,000
total liabilities, preferred units and deficit						1,960,723,000
3 \|
rights-of-way							60,416,000	60,141,000	59,536,000	58,047,000	57,006,000	56,397,000	55,990,000	55,230,000	54,717,000	39,705,000	37,280,000	37,062,000	36,991,000	36,791,000	36,316,000	36,178,000	35,698,000	37,329,000
common unitholders - public; 12,918,673 units issued and outstanding at june 30, 2024							287,195,000
common unitholders - delek holdings; 34,311,278 units issued and outstanding at june 30, 2024							-338,502,000
total liabilities and deficit							1,623,302,000	1,654,371,000	1,642,246,000	1,709,464,000	1,692,556,000	1,691,617,000	1,679,299,000	1,638,240,000	1,609,295,000	935,266,000	935,071,000	930,543,000	935,476,000	948,870,000	956,417,000	957,586,000	973,737,000	946,236,000	744,447,000	767,807,000	769,310,000	640,208,000	624,593,000	693,569,000	650,349,000	665,946,000	443,530,000	422,858,000	415,532,000	413,603,000	415,547,000	393,170,000	381,771,000	379,200,000
common unitholders - public; 12,898,253 units issued and outstanding at march 31, 2024								290,051,000
common unitholders - delek holdings; 34,311,278 units issued and outstanding at march 31, 2024								-332,518,000
common unitholders - public; 9,299,763 units issued and outstanding at december 31, 2023									160,402,000
common unitholders - delek holdings; 34,311,278 units issued and outstanding at december 31, 2023									-322,271,000
common unitholders - public; 9,284,741 units issued and outstanding at september 30, 2023										165,472,000
common unitholders - delek holdings; 34,311,278 units issued and outstanding at september 30, 2023										-304,624,000
common unitholders - public; 9,274,898 units issued and outstanding at june 30, 2023											167,760,000
common unitholders - delek holdings; 34,311,278 units issued and outstanding at june 30, 2023											-297,262,000
common unitholders - public; 9,263,842 units issued and outstanding at march 31, 2023												170,522,000
common unitholders - delek holdings; 34,311,278 units issued and outstanding at march 31, 2023												-287,944,000
common unitholders - public; 9,257,305 units issued and outstanding at december 31, 2022													172,119,000
common unitholders - delek holdings; 34,311,278 units issued and outstanding at december 31, 2022													-282,819,000
common unitholders - public; 9,180,901 units issued and outstanding at september 30, 2022														168,911,000
common unitholders - delek holdings; 34,311,278 units issued and outstanding at september 30, 2022														-283,168,000
common unitholders - public; 9,173,369 units issued and outstanding at june 30, 2022															168,611,000
common unitholders - delek holdings; 34,311,278 units issued and outstanding at june 30, 2022															-285,070,000
common unitholders - public; 9,162,504 units issued and outstanding at march 31, 2022																170,696,000
common unitholders - delek holdings; 34,311,278 units issued and outstanding at march 31, 2022																-277,218,000
common unitholders - public; 8,774,053 units issued and outstanding at december 31, 2021																	166,067,000
common unitholders - delek holdings; 34,696,800 units issued and outstanding at december 31, 2021																	-270,059,000
common unitholders - public; 8,713,195 units issued and outstanding at september 30, 2021																		165,281,000
common unitholders - delek holdings; 34,745,868 units issued and outstanding at september 30, 2021																		-270,034,000
common unitholders - public; 8,707,565 units issued and outstanding at june 30, 2021																			164,678,000
common unitholders - delek holdings; 34,745,868 units issued and outstanding at june 30, 2021																			-272,525,000
deferred tax liabilities																				681,000	616,000	1,205,000	1,158,000	1,027,000	215,000																231,000	231,000	231,000	457,000	231,000	405,000	376,000	319,000	324,000				17,000	19,953,000
common unitholders - public; 8,697,468 units issued and outstanding at march 31, 2021																				164,100,000
common unitholders - delek holdings; 34,745,868 units issued and outstanding at march 31, 2021																				-275,490,000
common unitholders - public; 8,697,468 units issued and outstanding at december 31, 2020																					164,614,000
common unitholders - delek holdings; 34,745,868 units issued and outstanding at december 31, 2020																					-272,915,000
general partner - no units issued and outstanding at december 31, 2020
common unitholders - public; 8,687,371 units issued and outstanding at september 30, 2020																						164,313,000
common unitholders - delek holdings; 34,745,868 units issued and outstanding at september 30, 2020																						-275,767,000
general partner - no units issued and outstanding at september 30, 2020
common unitholders - public; 8,687,371 units issued and outstanding at june 30, 2020																							160,870,000
common unitholders - delek holdings; 20,745,868 units issued and outstanding at june 30, 2020																							-235,961,000
general partner - 600,678 units issued and outstanding at june 30, 2020																							-3,224,000
common unitholders - public; 8,679,757 units issued and outstanding at march 31, 2020																								158,332,000
common unitholders - delek holdings; 20,745,868 units issued and outstanding at march 31, 2020																								-199,943,000
general partner - 600,523 units issued and outstanding at march 31, 2020																								-2,785,000
common unitholders - public; 9,131,579 units issued and outstanding at december 31, 2019																									164,436,000
common unitholders - delek holdings; 15,294,046 units issued and outstanding at december 31, 2019																									-310,513,000
general partner - 498,482 units issued and outstanding at december 31, 2019																									-5,042,000
deficit:
common unitholders - public; 9,123,239 units issued and outstanding at september 30, 2019																										167,650,000
common unitholders - delek holdings; 15,294,046 units issued and outstanding at september 30, 2019																										-305,152,000
general partner - 498,312 units issued and outstanding at september 30, 2019																										-4,988,000
pipeline release liabilities																											2,888,000	3,293,000	4,419,000	1,019,000	1,037,000	1,087,000	1,000,000	1,000,000	1,072,000	1,072,000	1,097,000	1,142,000	1,226,000	1,290,000	1,899,000	1,899,000	1,899,000	1,756,000	1,899,000
common unitholders - public; 9,123,239 units issued and outstanding at june 30, 2019																											167,254,000
common unitholders - delek holdings; 15,294,046 units issued and outstanding at june 30, 2019																											-305,827,000
general partner - 498,312 units issued and outstanding at june 30, 2019																											-5,727,000
common unitholders - public; 9,113,359 units issued and outstanding at march 31, 2019																												168,389,000
common unitholders - delek holdings; 15,294,046 units issued and outstanding at march 31, 2019																												-303,902,000
general partner - 498,110 units issued and outstanding at march 31, 2019																												-6,392,000
intangible assets																													154,038,000	155,840,000	157,643,000	159,446,000	15,917,000	16,182,000	13,888,000	14,154,000	14,420,000	14,686,000	14,951,000	15,217,000	16,520,000	16,520,000	16,520,000	16,255,000	11,349,000	11,587,000	11,843,000	11,993,000	12,258,000	11,647,000	11,913,000	12,178,000	12,430,000	9,227,000
tank inspection liabilities																													902,000	902,000	902,000	902,000	902,000	919,000	939,000	1,013,000	1,013,000	1,095,000	1,055,000	1,720,000	2,829,000	2,829,000	2,829,000	2,907,000	2,829,000
common unitholders - public; 9,109,807 units issued and outstanding at december 31, 2018																													171,023,000
common unitholders - delek holdings; 15,294,046 units issued and outstanding at december 31, 2018																													-299,360,000
general partner - 498,038 units issued and outstanding at december 31, 2018																													-6,486,000
common unitholders - public; 9,101,137 units issued and outstanding at september 30, 2018																														172,875,000
common unitholders - delek; 15,294,046 units issued and outstanding at september 30, 2018																														-296,427,000
general partner - 497,861 units issued and outstanding at september 30, 2018																														-6,875,000
net revenues:
affiliates																														63,835,000	53,080,000
third party																														100,275,000	113,200,000	106,277,000	381,795,000	90,495,000	86,945,000	92,854,000	298,495,000
net revenues																														164,110,000	166,280,000	167,921,000
cost of sales:
cost of materials and other																														105,596,000
operating expenses																														14,489,000	14,917,000	12,577,000	43,274,000	10,662,000	9,966,000	10,358,000	37,198,000	9,251,000	8,730,000	10,464,000														6,579,000
depreciation and amortization																														6,252,000	7,019,000	6,000,000	21,914,000	5,462,000	5,742,000	5,193,000	20,813,000	5,356,000	4,812,000	4,996,000														2,255,000
total cost of sales																														126,337,000
operating expenses related to wholesale business																														906,000
general and administrative expenses																														3,076,000	3,747,000	2,975,000	11,840,000	2,751,000	2,656,000	2,848,000	10,256,000	2,307,000	2,698,000	2,913,000														1,614,000
gain on asset disposals																														717,000						12,000		28,000
total operating costs and expenses																														131,486,000	131,570,000	140,644,000	449,898,000	107,990,000	103,398,000	111,001,000	370,409,000	90,469,000	89,341,000	85,082,000														265,734,000
operating income																														32,624,000	34,710,000	27,277,000	88,177,000	22,636,000	23,371,000	18,472,000	77,650,000	17,001,000	22,512,000	18,974,000														6,072,000
interest expense																														11,108,000	10,926,000	8,062,000	23,944,000	7,124,000	5,462,000	4,071,000	13,587,000	3,409,000	3,284,000	3,199,000														667,000
income from equity method investments																														-1,924,000	-1,899,000	-858,000
other income																														8,000			-1,000	-1,000
total non-operating expenses																														9,192,000	9,027,000	7,204,000	18,990,000	5,539,000	4,286,000	3,826,000	14,765,000	3,717,000	3,490,000	3,428,000
income before income tax expense																														23,432,000	25,683,000	20,073,000		17,097,000	19,085,000	14,646,000		13,284,000	19,022,000	15,546,000														5,405,000
income tax expense																														106,000	101,000	78,000		174,000	108,000	51,000		133,000	129,000	98,000														2,437,000
net income attributable to partners																														23,326,000	25,582,000	19,995,000	69,409,000	16,923,000	18,977,000	14,595,000	62,804,000	13,151,000	18,893,000	15,448,000
comprehensive income attributable to partners																														23,326,000	25,582,000	19,995,000	69,409,000	16,923,000	18,977,000	14,595,000	62,804,000	13,151,000	18,893,000	15,448,000
less: general partner's interest in net income, including incentive distribution rights																														6,636,000	6,212,000	5,630,000	18,429,000	4,745,000	4,552,000	4,109,000	12,193,000	3,259,000	2,791,000	2,253,000
limited partners' interest in net income																														16,690,000	19,370,000	14,365,000	50,980,000	12,178,000	14,425,000	10,486,000	50,611,000	9,892,000	16,102,000	13,195,000
net income per limited partner unit:
common units -																														680	790	590	2,090	500	590	430	2,080	410	660	540
weighted-average limited partner units outstanding:
cash distributions per limited partner unit																														790	770	750	2,835	715	705	690	2,575	655	630	610
common unitholders - public; 9,101,137 units issued and outstanding at june 30, 2018																															173,607,000
common unitholders - delek; 15,294,046 units issued and outstanding at june 30, 2018																															-295,247,000
general partner - 497,861 units issued and outstanding at june 30, 2018																															-7,322,000
operating costs and expenses:
cost of goods sold																															106,016,000	119,032,000	372,890,000	89,120,000	85,039,000	92,590,000	302,158,000	73,527,000	73,101,000	66,753,000														255,281,000
(gain) loss on asset disposals																															-129,000		-20,000	-5,000	-5,000		-16,000			-44,000
common unitholders - public; 9,088,587 units issued and outstanding at march 31, 2018																																173,197,000
common unitholders - delek; 15,294,046 units issued and outstanding at march 31, 2018																																-296,015,000
general partner - 497,604 units issued and outstanding at march 31, 2018																																-7,828,000
affiliate																																61,644,000	156,280,000	40,131,000	39,824,000	36,619,000	149,564,000	36,360,000	36,694,000	38,760,000
loss on asset disposals																																60,000
common unitholders - public; 9,088,587 units issued and outstanding at december 31, 2017																																	174,378,000
common unitholders - delek; 15,294,046 units issued and outstanding at december 31, 2017																																	-197,206,000
general partner - 497,604 units issued and outstanding at december 31, 2017																																	-6,397,000
net sales:
net sales																																	538,075,000	130,626,000	126,769,000	129,473,000	448,059,000	107,470,000	111,853,000	104,056,000														271,806,000
(income) income from equity method investments																																	-4,953,000	-1,584,000	-1,176,000	-245,000
income before income tax (benefit) expense																																	69,187,000
income tax (benefit) expense																																	-222,000
net income																																	69,409,000				62,804,000	13,151,000	18,893,000	15,448,000														2,968,000
less: loss attributable to predecessors
net income per limited partner unit :
subordinated units - delek																																					2,190			540
weighted-average limited partner units outstanding :
common unitholders - public; 9,067,411 units issued and outstanding at september 30, 2017																																		175,831,000
common unitholders - delek; 15,294,046 units issued and outstanding at september 30, 2017																																		-195,217,000
general partner - 497,172 units issued and outstanding at september 30, 2017																																		-6,372,000
common unitholders - public; 9,067,411 units issued and outstanding at june 30, 2017																																			177,532,000
common unitholders - delek; 15,294,046 units issued and outstanding at june 30, 2017																																			-192,348,000
general partner - 497,172 units issued and outstanding at june 30, 2017																																			-6,263,000
revolving credit facility																																				392,000,000	392,600,000	375,000,000	362,550,000	357,900,000	251,750,000	251,750,000	251,750,000	316,364,000	251,750,000	230,000,000	239,000,000	260,500,000	164,800,000	161,000,000	90,000,000	90,000,000	90,000,000
common unitholders - public; 9,131,036 units issued and outstanding at march 31, 2017																																				181,775,000
common unitholders - delek; 15,197,571 units issued and outstanding at march 31, 2017																																				-194,419,000
general partner - 496,502 units issued and outstanding at march 31, 2017																																				-6,341,000
common unitholders - public; 9,263,415 units issued and outstanding at december 31, 2016																																					188,013,000
common unitholders - delek; 15,065,192 units issued and outstanding at december 31, 2016																																					-195,076,000
subordinated unitholders - delek; 0 units issued and outstanding at december 31, 2016
general partner - 496,502 units issued and outstanding at december 31, 2016																																					-6,221,000
loss on equity method investments																																					1,178,000	308,000	206,000	229,000
income before income tax benefit																																					62,885,000
income tax benefit																																					81,000
less: loss attributable to the logistics assets predecessor
common unitholders - public; 9,506,471 units issued and outstanding at september 30, 2016																																						196,611,000
common unitholders - delek; 14,798,516 units issued and outstanding at september 30, 2016																																						-204,073,000
subordinated unitholders - delek; 0 units issued and outstanding at september 30, 2016
general partner - 496,020 units issued and outstanding at september 30, 2016																																						-6,569,000
third-party																																						71,110,000	75,159,000	65,296,000
common unitholders - public; 9,504,264 units issued and outstanding at june 30, 2016																																							198,583,000
common unitholders - delek; 14,798,516 units issued and outstanding at june 30, 2016																																							-201,035,000
subordinated unitholders - delek; 0 units issued and outstanding at june 30, 2016
general partner - 495,975 units issued and outstanding at june 30, 2016																																							-6,805,000
common unitholders - public; 9,478,273 units issued and outstanding at march 31, 2016																																								198,118,000
common unitholders - delek; 14,798,516 units issued and outstanding at march 31, 2016																																								-202,074,000
subordinated unitholders - delek; 0 units issued and outstanding at march 31, 2016
general partner - 495,445 units issued and outstanding at march 31, 2016																																								-7,021,000
deferred tax assets																																									28,000	28,000	28,000	28,000	28,000	12,000	12,000	12,000	12,000	14,000	14,000	14,000	14,000	1,323,000
predecessors division equity																																									19,726,000	19,726,000	19,726,000
common unitholders - public																																									194,737,000	194,737,000	194,737,000									181,253,000	178,728,000
common unitholders - delek																																									-241,112,000	-241,112,000	-241,112,000									-126,361,000	-127,129,000
subordinated unitholders - delek																																									73,515,000	73,515,000	73,515,000									56,165,000	52,875,000
general partner unitholders - delek																																									-7,085,000	-7,085,000	-7,085,000
predecessor division equity
common unitholders - public; 9,417,189 units issued and outstanding at march 31, 2015																																												195,077,000
common unitholders - delek; 2,799,258 units issued and outstanding at march 31, 2015																																												-282,496,000
subordinated unitholders - delek; 11,999,258 units issued and outstanding at march 31, 2015																																												73,947,000
general partner - delek; 494,197 units issued and outstanding at march 31, 2015																																												-7,147,000
common unitholders - public; 9,417,189 units issued and outstanding at december 31, 2014																																													194,737,000
common unitholders - delek; 2,799,258 units issued and outstanding at december 31, 2014																																													-241,112,000
subordinated unitholders - delek; 11,999,258 units issued and outstanding at december 31, 2014																																													73,515,000
general partner - delek; 494,197 units issued and outstanding at december 31, 2014																																													-7,085,000
fuel and other taxes payable																																														5,562,000	6,733,000	5,826,000	5,700,000	6,683,000	5,989,000	5,577,000	4,650,000	4,050,000
common unitholders - public; 9,384,589 units issued and outstanding at september 30, 2014																																														191,479,000
common unitholders - delek; 2,799,258 units issued and outstanding at september 30, 2014																																														-242,788,000
subordinated unitholders - delek; 11,999,258 units issued and outstanding at september 30, 2014																																														69,243,000
general partner - delek; 493,533 units issued and outstanding at september 30, 2014																																														-6,655,000
common unitholders - public; 9,384,589 units issued and outstanding at june 30, 2014																																															190,122,000
common unitholders - delek; 2,799,258 units issued and outstanding at june 30, 2014																																															-243,378,000
subordinated unitholders - delek; 11,999,258 units issued and outstanding at june 30, 2014																																															67,409,000
general partner - delek; 493,533 units issued and outstanding at june 30, 2014																																															-6,215,000
common unitholders - public; 9,353,240 units issued and outstanding at march 31, 2014																																																185,671,000
common unitholders - delek; 2,799,258 units issued and outstanding at march 31, 2014																																																-245,393,000
subordinated unitholders - delek; 11,999,258 units issued and outstanding at march 31, 2014																																																61,736,000
general partner - delek; 492,893 units issued and outstanding at march 31, 2014																																																-6,147,000
common unitholders - public; 9,353,240 units issued and outstanding at december 31, 2013																																																	183,839,000
common unitholders - delek; 2,799,258 units issued and outstanding at december 31, 2013																																																	-176,680,000
subordinated unitholders - delek; 11,999,258 units issued and outstanding at december 31, 2013																																																	59,386,000
general partner - delek; 492,893 units issued and outstanding at december 31, 2013																																																	-4,504,000
deferred tax liability																																																		59,000		13,000
common unitholders - public; 9,237,563 units issued and outstanding at september 30, 2013																																																		184,656,000
common unitholders - delek; 2,799,258 units issued and outstanding at september 30, 2013																																																		-181,071,000
subordinated unitholder - delek; 11,999,258 units issued and outstanding at september 30, 2013																																																		58,697,000
general partner unitholder - delek; 490,532 units issued and outstanding at september 30, 2013																																																		-2,202,000
common unitholders - public; 9,237,563 units issued and outstanding at june 30, 2013																																																			183,051,000
common unitholders - delek; 2,799,258 units issued and outstanding at june 30, 2013																																																			-126,095,000
subordinated unitholders - delek; 11,999,258 units issued and outstanding at june 30, 2013																																																			57,306,000
general partner unitholders - delek; 489,766 units issued and outstanding at june 30, 2013																																																			-680,000
general partner unitholders - delek (489,766 units issued and outstanding at march 31, 2013 and december 31, 2012, respectively																																																				86,000
accounts receivable from related party																																																						5,987,000
current portion of revolving credit facility
general partner - delek																																																					-49,000
prepaid inventory																																																						275,000
liabilities and division equity
accrued employee costs																																																						366,000
current portion of environmental liabilities																																																						34,000
division equity																																																						120,241,000
total liabilities and division equity																																																						250,658,000
loss on sale of assets																																																						5,000
comprehensive income																																																						2,968,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31

cash flows from operating activities:
net income	32,352,000	47,292,000	45,560,000	44,574,000	39,034,000	35,305,000	33,674,000	41,058,000	32,648,000	22,148,000	34,825,000	31,896,000	37,367,000	42,700,000	44,674,000	32,164,000	39,514,000	41,685,000	43,624,000	43,246,000	36,267,000	40,717,000	46,328,000	44,415,000	27,796,000	21,637,000	30,531,000	24,885,000	19,696,000	21,279,000	23,326,000	25,582,000	19,995,000	18,914,000	16,923,000	18,977,000	14,595,000	15,312,000	13,151,000	18,893,000	15,448,000	15,295,000	18,602,000	18,311,000	14,003,000	20,486,000	15,085,000	21,754,000	13,729,000	11,325,000	5,692,000	11,756,000	12,204,000	26,094,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	36,501,000	35,988,000	34,799,000	27,097,000	27,716,000	24,469,000	21,204,000	24,207,000	26,495,000	22,967,000	24,585,000	23,727,000	21,105,000	19,691,000	19,540,000	13,422,000	10,335,000	11,908,000	10,156,000	9,967,000	10,739,000	11,279,000	9,459,000	8,694,000	6,299,000	6,900,000	6,588,000	6,639,000	6,574,000	6,269,000	6,702,000	7,019,000	6,000,000	5,517,000	5,462,000	5,742,000	5,193,000	5,649,000	5,356,000	4,812,000	4,996,000	5,907,000	4,541,000	4,744,000	4,500,000	3,947,000	3,749,000	3,532,000	3,477,000	3,362,000	4,350,000	2,372,000	2,352,000	2,026,000
non-cash lease expense	1,101,000	1,200,000	1,426,000	1,352,000	2,267,000	2,423,000	3,788,000	-38,000	1,939,000	2,142,000	2,960,000	2,247,000	2,200,000	2,670,000	2,100,000	9,686,000	1,798,000	2,685,000	2,460,000	2,489,000	2,018,000	3,839,000	1,596,000	366,000	274,000	-2,361,000	1,145,000	393,000	1,016,000
amortization of deferred revenue	-1,878,000	-2,636,000	-442,000	-830,000	-830,000	-983,000	-758,000	-725,000	-572,000	-424,000	-444,000	-443,000	-444,000	-443,000	-444,000	-444,000	-444,000	-478,000	-564,000	-373,000	-538,000	-470,000	-473,000	-472,000	-473,000	-440,000	-445,000	-401,000	-402,000	-402,000	-372,000	-373,000	-350,000	-230,000	-403,000	-321,000	-280,000	-242,000	-264,000	-383,000	-196,000
amortization of deferred financing costs and debt discount	1,593,000	1,608,000	1,607,000	1,384,000	1,283,000	1,275,000	1,334,000	1,371,000	1,250,000	2,851,000	1,160,000	1,189,000	1,127,000	1,129,000	967,000	929,000	847,000	847,000	844,000	700,000	625,000	626,000	614,000	598,000	574,000	575,000	574,000	575,000	905,000	593,000	650,000	678,000	656,000	610,000	608,000
income from equity method investments	-11,623,000	-19,229,000	-21,878,000	-10,536,000	-10,150,000	-11,327,000	-15,602,000	-7,882,000	-8,490,000	-8,536,000	-9,296,000	-7,285,000	-6,316,000	-9,017,000	-8,567,000	-7,073,000	-7,026,000	-6,623,000	-7,261,000	-6,642,000	-4,049,000	-5,818,000	-4,860,000	-6,462,000	-5,553,000	-4,972,000	-8,394,000	-4,515,000	-1,951,000	-1,549,000	-1,924,000	-1,899,000	-858,000
dividends from equity method investments	12,873,000	3,521,000	9,702,000	4,384,000	7,338,000	14,613,000	9,184,000	9,616,000	9,509,000	4,611,000	7,069,000	7,811,000	9,238,000	0	9,237,000	7,104,000	6,613,000	5,982,000	6,538,000	4,581,000	3,730,000	7,864,000	5,072,000	7,587,000	4,913,000	6,920,000	5,355,000	2,345,000	1,488,000	1,808,000	2,826,000	1,269,000	1,033,000	1,581,000	739,000
loss on extinguishment of debt	1,589,000					0	0	0	3,571,000
other non-cash adjustments	3,636,000	2,149,000	4,726,000	2,396,000	-3,028,000	2,361,000	568,000	-6,075,000	1,492,000	385,000	605,000	927,000	780,000	934,000	666,000	626,000	492,000	546,000	960,000	276,000	177,000	199,000	124,000	-687,000	855,000	1,073,000
changes in assets and liabilities:
accounts receivable	-32,044,000	-22,728,000	5,706,000	-28,872,000	2,508,000	-6,551,000	7,438,000	8,025,000	-15,862,000	140,000	24,573,000	-5,308,000	2,165,000	37,000	-9,408,000	5,266,000	-4,966,000	3,037,000	-356,000	-5,743,000	3,354,000	1,796,000	-1,565,000	-3,515,000	812,000	6,794,000	6,854,000	-5,314,000	48,000	229,000	66,000	3,484,000	-2,352,000	-2,696,000	-2,047,000	5,542,000	-4,610,000	-5,710,000	3,725,000	11,950,000	5,882,000	1,905,000	2,029,000	-8,770,000	-2,361,000	13,450,000	-1,583,000	-6,424,000	-2,551,000	5,635,000	3,398,000	-123,000	-10,161,000	9,457,000
inventories and other current assets	-3,538,000	-2,262,000	-1,251,000	-1,769,000	232,000	-288,000	-366,000	-636,000	670,000	2,159,000	-626,000	-182,000	-1,482,000	973,000	997,000	151,000	112,000	-54,000	-415,000	-496,000	1,020,000	-1,351,000	532,000	3,420,000	8,762,000	-4,412,000	-4,601,000	2,149,000	-838,000	-1,844,000	8,796,000	249,000	7,977,000	-13,720,000	-13,000	-773,000	2,814,000	-1,763,000	2,228,000	-2,979,000	4,559,000	-6,552,000	-646,000	47,000	6,244,000	566,000	15,107,000	-11,363,000	3,584,000	3,978,000	-5,974,000	9,004,000	-10,341,000	18,659,000
accounts payable and other current liabilities	200,945,000	-26,877,000	-53,588,000	340,559,000	-17,579,000	14,517,000	-19,995,000	16,372,000	-2,359,000	8,451,000	17,065,000	-9,815,000	-36,430,000	-311,000	21,017,000	-16,299,000	14,157,000	-14,236,000	12,028,000	685,000	-390,000	-5,841,000	4,252,000	-7,198,000	-4,692,000	2,777,000	1,315,000	-3,751,000	-5,177,000	2,564,000	4,812,000	-16,214,000	7,091,000	2,358,000	7,022,000	-817,000	2,296,000	2,776,000	2,888,000	-4,266,000	2,153,000	-8,684,000	-5,242,000	3,976,000	-3,784,000	-7,097,000	-18,735,000	21,264,000	-2,392,000	-2,505,000	-2,948,000	-3,847,000	16,702,000	-20,716,000
accounts receivable/payable to related parties	-89,645,000	25,725,000	33,923,000	-276,387,000	-21,158,000	-31,848,000	-19,975,000	-2,505,000	-8,145,000	38,646,000	-59,687,000	-11,879,000	-1,578,000	-167,115,000	81,679,000	41,209,000	-14,141,000	19,678,000	7,727,000	32,397,000	7,359,000	4,374,000	-1,349,000	-10,830,000	-6,823,000	6,081,000	-6,819,000	-886,000	2,689,000	59,068,000	-41,584,000	7,344,000	-15,790,000	-410,000	3,444,000	-4,501,000	3,149,000	-2,873,000	1,221,000
net investment in leases - affiliate	15,671,000	-13,826,000	-562,000	3,118,000	5,161,000	5,759,000
non-current assets and liabilities	2,843,000	13,280,000	-4,791,000	953,000	-1,244,000	173,000	-2,319,000	3,049,000	-91,000	2,498,000	2,236,000	-75,000	-345,000	1,635,000	165,000	-3,407,000	-1,174,000	-13,894,000	-2,791,000	2,999,000	-480,000	-214,000	587,000	-1,221,000	287,000	3,553,000	14,000	-14,000	109,000	-107,000	-169,000	-1,078,000	-632,000	-135,000	54,000	-332,000	-87,000	-82,000	-83,000	403,000	163,000	500,000	-691,000	452,000	-266,000	-1,013,000	-195,000	-732,000	83,000	-44,000	-2,171,000	-198,000	-331,000	781,000
net cash from operating activities	170,376,000	43,205,000	54,937,000	107,423,000	31,550,000	49,898,000	24,944,000	87,639,000	43,858,000	114,689,000	46,828,000	34,612,000	29,190,000	-105,314,000	164,425,000	85,137,000	47,920,000	52,886,000	74,752,000	85,792,000	61,732,000	58,362,000	62,273,000	37,547,000	34,834,000	45,810,000	34,262,000	24,122,000	26,205,000	90,353,000	5,957,000	27,987,000	23,656,000	9,799,000	30,493,000	23,937,000	23,474,000	13,946,000	29,172,000	31,215,000	26,374,000	1,262,000	20,202,000	30,791,000	15,769,000	20,991,000	20,129,000	31,211,000	13,589,000	8,907,000	14,851,000	18,653,000	1,980,000	33,400,000
capital expenditures	-48,522,000	-30,616,000	-67,195,000	-114,474,000	-55,474,000	-46,032,000	-56,601,000	-15,152,000	-11,255,000	-37,537,000	-3,143,000	-27,584,000	-27,837,000	-64,246,000	-41,346,000	-24,893,000	-10,613,000	0	-3,590,000	-2,643,000	-6,119,000	-6,353,000	-1,921,000	-833,000	-4,164,000	-4,106,000	-2,527,000	-1,256,000	-1,181,000	-4,257,000	-2,725,000	-2,696,000	-3,253,000	-8,997,000	-3,320,000	-2,103,000	-3,764,000	-5,654,000	-2,658,000	-1,064,000	-1,911,000	-2,358,000	-4,063,000	-5,962,000	-7,573,000	-4,372,000	-827,000	-968,000	-965,000	-1,517,000	-5,552,000	-1,053,000	-1,276,000	-6,307,000
free cash flows	121,854,000	12,589,000	-12,258,000	-7,051,000	-23,924,000	3,866,000	-31,657,000	72,487,000	32,603,000	77,152,000	43,685,000	7,028,000	1,353,000	-169,560,000	123,079,000	60,244,000	37,307,000	52,886,000	71,162,000	83,149,000	55,613,000	52,009,000	60,352,000	36,714,000	30,670,000	41,704,000	31,735,000	22,866,000	25,024,000	86,096,000	3,232,000	25,291,000	20,403,000	802,000	27,173,000	21,834,000	19,710,000	8,292,000	26,514,000	30,151,000	24,463,000	-1,096,000	16,139,000	24,829,000	8,196,000	16,619,000	19,302,000	30,243,000	12,624,000	7,390,000	9,299,000	17,600,000	704,000	27,093,000
cash flows from investing activities:
purchases of property, plant and equipment	-48,522,000	-30,616,000	-67,195,000	-114,474,000	-55,474,000	-46,032,000	-56,601,000	-15,152,000	-11,255,000	-37,537,000	-3,143,000	-27,584,000	-27,837,000	-64,246,000	-41,346,000	-24,893,000	-10,613,000		-3,590,000	-2,643,000	-6,119,000	-6,353,000	-1,921,000	-833,000	-4,164,000	-4,106,000	-2,527,000	-1,256,000	-1,181,000	-4,257,000	-2,725,000	-2,696,000	-3,253,000	-8,997,000	-3,320,000	-2,103,000	-3,764,000	-5,654,000	-2,658,000	-1,064,000	-1,911,000	-2,358,000	-4,063,000	-5,962,000	-7,573,000	-4,372,000	-827,000	-968,000	-965,000	-1,517,000	-5,552,000	-1,053,000	-1,276,000	-6,307,000
proceeds from sales of property, plant and equipment	76,000	270,000	-1,484,000	574,000	4,318,000	-316,000	647,000	9,502,000	42,000	681,000	581,000			0	132,000	-1,000	12,000	0	56,000	136,000	83,000	0	0	0	107,000	0	69,000	63,000	12,000	37,000	109,000	265,000	91,000					0	0	0	175,000	9,000	6,000	23,000	1,160,000
purchases of intangible assets	-5,877,000	-3,584,000	-1,897,000	-2,459,000	-4,558,000	-1,063,000	-459,000	-450,000	-781,000	-1,664,000	-1,216,000	-785,000	-582,000	-895,000	-905,000	-1,372,000	-2,425,000		-71,000	-201,000	-474,000									0	0	0	-144,219,000
business combination, net of cash acquired		0	0	0	-181,180,000									-209,000	-3,641,000
distributions from equity method investments	5,025,000	3,454,000	6,598,000	3,443,000	2,127,000	900,000	704,000	540,000	2,133,000	4,525,000	3,037,000	0	1,440,000	0	0	1,187,000	550,000	2,529,000	845,000	1,476,000	3,924,000	18,000	1,033,000	1,580,000	110,000	0	0	0	804,000	205,000	297,000	0	660,000
net cash from investing activities	-49,298,000	-32,539,000	-63,978,000	-112,916,000	-234,767,000	-70,051,000	-299,107,000	-5,560,000	-9,861,000	-33,995,000	-741,000	-27,914,000	-26,979,000	-65,350,000	-45,760,000	-646,851,000	-12,476,000	-8,389,000	-2,760,000	-1,246,000	-3,965,000	-6,719,000	-2,177,000	-2,066,000	-112,176,000	-6,039,000	-4,821,000	-132,790,000	-3,766,000	-4,174,000	-2,165,000	-2,603,000	-219,097,000	-8,951,000	-12,917,000	-3,390,000	-5,414,000	-12,531,000	-24,242,000	-19,364,000	-16,555,000	-12,714,000	-16,337,000	-18,942,000	-8,599,000	-27,022,000	-827,000	-968,000	-965,000	-6,532,000	-11,274,000	-1,053,000	-1,276,000	-6,288,000
cash flows from financing activities:
distributions to common unitholders - public	-22,100,000	-21,966,000	-21,849,000	-21,726,000	-21,609,000	-19,091,000	-14,082,000	-13,893,000	-10,012,000	-9,796,000	-9,757,000	-9,496,000	-9,442,000	-9,089,000	-9,229,000	-8,980,000	-8,570,000	-8,309,000	-8,237,000	-8,002,000	-7,914,000	-7,879,000	-7,818,000	-7,754,000	-8,081,000	-8,046,000	-7,755,000	-7,473,000	-7,352,000	-7,221,000	-7,037,000	-6,873,000	-6,590,000	-6,770,000	-6,392,000	-6,525,000	-6,291,000	-6,246,000	-6,010,000	-5,999,000	-5,592,000	-5,562,000	-5,392,000	-4,998,000	-4,803,000	-4,708,000	-4,535,000	-3,974,000	-3,882,000	-3,971,000	-3,650,000	-3,542,000	-2,060,000
distributions to common unitholders - delek holdings	-38,102,000	-37,932,000	-37,763,000	-37,594,000	-37,693,000	-37,523,000	-37,181,000	-36,713,000	-36,198,000	-35,855,000	-35,513,000	-35,168,000	-34,998,000	-33,968,000	-33,797,000	-33,624,000	-33,830,000	-33,009,000	-32,661,000	-31,966,000	-31,619,000	-31,445,000	-18,671,000	-14,014,000	-13,535,000	-13,459,000	-13,000,000	-12,541,000	-12,388,000
proceeds from revolving facility	882,500,000	191,000,000	277,000,000	231,400,000	598,500,000	306,500,000	737,700,000	99,000,000	184,900,000	127,300,000	66,000,000	95,000,000	143,500,000
payments on revolving facility	-933,250,000	-136,000,000	-201,000,000	-855,650,000	-328,800,000	-326,000,000	-613,000,000	-334,000,000	-400,200,000	-158,000,000	-65,800,000	-54,600,000	-93,400,000
unit repurchase		0	0	0	-10,000,000
payments on finance leases	-2,155,000
deferred financing costs paid	-8,956,000	144,000	-66,000			32,000	-3,990,000	-3,218,000	-10,946,000	-2,799,000	-66,000	-1,203,000	-400,000	-7,505,000	0															0	-4,739,000			-14,000	-121,000																			-3,724,000
other financing activities			-1,805,000	-820,000	-458,000	-583,000	422,000	-191,000	-487,000
net cash from financing activities	-122,063,000	-6,686,000	14,517,000	4,822,000	199,940,000	18,220,000	276,369,000	-86,640,000	-28,080,000	-81,121,000	-49,620,000	-9,947,000	783,000				-37,010,000	-45,069,000	-69,301,000	-95,750,000	-48,633,000	-53,424,000	-70,268,000	-23,461,000	75,973,000	-40,579,000	-28,528,000	108,752,000	-21,605,000	-100,663,000	10,037,000	-24,994,000	195,553,000	-1,463,000	-17,185,000	-15,681,000	-18,086,000	-1,356,000	-4,930,000	-12,055,000	-9,615,000	11,452,000	-3,989,000	-11,725,000	-9,031,000		-20,986,000	-31,952,000	-9,422,000	-8,163,000	-24,168,000	-9,277,000	-5,176,000	-3,873,000
net decrease in cash and cash equivalents	-985,000																																																				-4,472,000
cash and cash equivalents at the beginning of the period	10,892,000	0	0	0	5,384,000	0	0	0	3,755,000	0	0	0	7,970,000	0	0	0	4,292,000	0	0	0	4,243,000	0	0	0	5,545,000	0	0	0	4,522,000	0	0	0	4,675,000	0	0	0	59,000					0	0	0	1,861,000	0	0	0	924,000	0	0	0	23,452,000	0
cash and cash equivalents at the end of the period	9,907,000	3,980,000	5,476,000	-671,000	2,107,000	-1,933,000	2,206,000	-4,561,000	9,672,000	-427,000	-3,533,000	-3,249,000	10,964,000	-6,975,000	1,135,000	11,084,000	2,726,000	-572,000	2,691,000	-11,204,000	13,377,000	-1,781,000	-10,172,000	12,020,000	4,176,000	-808,000	913,000	84,000	5,356,000	-14,484,000	13,829,000	390,000	4,787,000	-615,000	391,000	4,866,000	33,000				204,000					1,128,000	-1,684,000	-1,709,000	4,126,000	-5,788,000	-20,591,000	8,323,000	18,980,000	23,239,000
amortization of marketing contract intangible						0	601,000	1,802,000	1,803,000
impairment of goodwill
asset acquisitions from delek holdings						0
equity method investment contributions																		0	0	-14,000	-1,379,000	-371,000	-1,289,000	-2,286,000	-8,229,000	-1,933,000	-2,363,000	-131,597,000	-3,401,000	-1,000	0				-594,000	-1,287,000	-1,650,000
proceeds from term debt		0	0			0	206,500,000	202,500,000	650,000,000
payments on term debt						0	0	0	-531,250,000
redemption of preferred units
proceeds from issuance of common units, net of underwriters' discount
proceeds from other financing agreements
payments on other financing agreements						0	0	0	-6,214,000
net increase in cash and cash equivalents		3,980,000	5,476,000	-671,000	-3,277,000	-1,933,000	2,206,000	-4,561,000	5,917,000	-427,000	-3,533,000	-3,249,000	2,994,000	-6,975,000	1,135,000	11,084,000	-1,566,000	-572,000	2,691,000	-11,204,000	9,134,000	-1,781,000	-10,172,000	12,020,000	-1,369,000	-808,000	913,000	84,000	834,000	-14,484,000	13,829,000	390,000	112,000	-615,000	391,000	4,866,000	-26,000				204,000			124,000	-1,861,000			-1,709,000	3,202,000	-5,788,000	-20,591,000			23,239,000
business combinations																																										0	0							-5,015,000
business combination
proceeds from issuance of units							0	-125,000	132,327,000
proceeds from term facility
payments on term loan debt										-7,500,000	-3,750,000	-3,750,000	-3,750,000
proceeds from issuance of senior notes																		0	0															0	0
payments on financing lease liabilities										-685,000	-734,000	-730,000	-727,000	-956,000	-504,000	-697,000	-710,000	-850,000	-613,000
amortization of customer contract intangible assets											1,803,000	1,802,000	1,803,000	1,803,000	1,802,000	1,803,000	1,803,000	1,803,000	1,802,000	1,803,000	1,803,000	1,803,000	1,803,000	1,802,000	1,803,000	1,803,000	1,803,000	1,802,000	1,803,000	1,802,000	1,803,000	1,803,000	601,000
asset acquisitions from delek holdings, net of assumed liabilities																						0
proceeds from issuance of additional units to maintain 2% general partner interest																						0	0	4,000	6,000	0	0	6,000	2,000	6,000	7,000	0	13,000	0	0			14,000	1,000			19,000	0			23,000	0
distributions to general partner																						0	-9,479,000	-9,139,000	-9,017,000	-8,892,000	-8,159,000	-7,424,000	-7,179,000	-6,688,000	-6,200,000	-5,710,000	-5,100,000	-4,852,000	-4,608,000	-4,237,000	-3,994,000	-3,383,000	-2,774,000	-2,286,000	-1,801,000	-1,313,000	-1,031,000	-868,000	-706,000	-545,000	-423,000	-210,000	-204,000	-198,000	-193,000	-190,000	-109,000
distributions to delek holdings unitholders and general partner related to trucking assets acquisition																						0	0
distribution to general partner for conversion of its interest and idr elimination																						0
proceeds from term loan debt
proceeds from revolving credit facility														786,000,000	98,800,000	753,900,000	113,600,000	105,000,000	87,700,000	70,800,000	77,500,000	83,700,000	102,900,000	151,600,000	261,400,000	88,300,000	112,100,000	245,300,000	119,000,000	57,000,000	161,000,000	107,800,000	409,200,000	71,400,000	66,300,000	70,300,000	69,100,000	85,600,000	71,300,000	73,450,000	84,400,000	94,336,000	98,550,000	65,650,000	137,864,000	103,850,000	112,800,000	97,900,000	185,200,000	68,300,000				125,700,000
payments on revolving credit facility														-872,400,000	-172,800,000	-137,100,000	-107,500,000	-107,901,000	-115,600,000	-519,500,000	-86,600,000	-97,800,000	-92,200,000	-96,600,000	-154,800,000	-96,200,000
net cash from (used) in financing activities															-117,530,000
supplemental disclosures of cash flow information:
cash paid during the period for:
interest															9,615,000	26,165,000	2,110,000		2,089,000	12,144,000	4,937,000		5,597,000	14,395,000	6,903,000		7,935,000	15,071,000	5,997,000		6,556,000	14,881,000	3,009,000		2,348,000	3,247,000	3,693,000		3,047,000	2,965,000	2,890,000		2,426,000	2,189,000	1,674,000		2,291,000	1,983,000	1,525,000		680,000	698,000	528,000	373,000
income taxes															3,000								115,000	23,000	3,000		2,000	83,000	58,000		134,000				31,000								0
non-cash investing activities:
increase in accrued capital expenditures and other															-1,325,000
non-cash financing activities:
non-cash lease liability arising from obtaining right of use assets during the period															1,120,000				3,178,000	2,949,000	2,623,000		865,000
increase in accrued capital expenditures in accounts payable/receivable related parties																					3,119,000
decrease in accrued capital expenditures and other																	-1,527,000
purchases of property, plant and equipment and intangible assets
deferred financing costs paid in connection with debt issuances																		0	110,000
equity issuance to delek holdings unitholders in connection with big spring gathering assets acquisition																							-1,000	1,000	109,513,000
sponsor contribution of property, plant and equipment
increase in accrued capital expenditures
accretion of asset retirement obligations																					115,000	107,000	106,000	107,000	107,000	99,000	100,000	99,000	99,000	92,000	92,000	97,000	78,000	73,000	73,000	73,000	73,000	67,000	68,000	64,000	67,000	64,000	63,000	62,000	62,000	-35,000	58,000	89,000	120,000	53,000	65,000	63,000	35,000	19,000
gain on asset disposals																					-83,000		0																28,000
deferred income taxes																					65,000	-589,000	47,000				118,000							-269,000	39,000	94,000	25,000					-9,000	-43,000	-160,000	226,000	-190,000	29,000	57,000	-5,000	267,000	59,000	-16,000	-1,000	-18,627,000
decrease in accrued capital expenditures																					-1,439,000			-97,000	-1,220,000			85,000	-276,000		-307,000	-525,000	-1,004,000		466,000	16,000	-973,000
loss on disposal of assets
distributions to delek holdings unitholders and general partner related to big spring logistics assets acquisition
non-cash lease liability arising from recognition of right of use assets upon adoption of asu 2016-02																											0	0	20,202,000
asset acquisitions net of assumed liabilities
loss on asset disposals																									-107,000	-102,000			2,000	243,000	717,000	-129,000	60,000	-22,000	-5,000	-5,000	12,000				-44,000	122,000	0	-23,000	5,000	9,000	0
big spring gathering assets acquisition																									-100,000,000
asset acquisitions, net of assumed asset retirement obligation liabilities
distributions to delek holdings unitholders and general partner related to big spring logistic assets acquisition
reimbursement of capital expenditures by delek holdings																											786,000	684,000	812,000
unit-based compensation expense																												146,000	144,000	156,000	216,000	155,000	147,000	176,000	181,000	190,000	174,000	185,000	181,000	125,000	108,000	108,000	104,000	120,000	74,000	78,000	75,000	63,000	58,000	285,000	67,000
payments of revolving credit facility																												-109,800,000	-114,500,000	-133,500,000	-121,700,000	-108,600,000	-94,400,000	-50,300,000	-62,000,000	-307,800,000	-69,700,000	-68,000,000	-58,850,000	-68,800,000	-78,100,000	-67,886,000	-90,300,000	-65,114,000	-73,250,000	-82,100,000	-121,800,000	-119,400,000	-89,500,000	-64,500,000				-88,900,000
asset acquisitions, net of assumed aro liabilities																														-158,000
distributions to subordinated unitholders - delek holdings
distributions to common unitholders - delek																															-11,777,000	-11,470,000	-11,088,000	-10,935,000	-10,783,000	-10,520,000	-10,252,000	-9,693,000	-9,323,000	-4,604,000	-1,651,000	-1,596,000	-1,539,000	-1,483,000	-1,428,000	-1,372,000	-1,329,000	-1,190,000	-1,162,000	-1,134,000	-1,105,000	-1,078,000	-627,000
distributions to delek unitholders and general partner related to big spring logistic assets acquisition																															0
reimbursement of capital expenditures by delek																															483,000	384,000	2,316,000	8,000	419,000	784,000	3,051,000	352,000	726,000
sponsor contribution of fixed assets																																			0	0	67,000		0	0	609,000		0	64,000	354,000		167,000
purchase of big spring logistics assets, net of assumed aro liabilities																																0	-72,376,000
distributions to delek unitholders and general partner related to big spring asset acquisition																																	-98,798,000
loss from equity method investments																																		-1,948,000	-1,584,000	-1,176,000	-245,000
asset acquisitions																																		-2,560,000
equity method investments																																								-18,300,000	-14,819,000	-10,365,000	-12,280,000	-12,603,000	-2,186,000
distributions to subordinated unitholders - delek																																						0	0	-4,423,000	-7,080,000
distributions to delek for acquisitions																																										0	0	0	-61,890,000
predecessor division equity contribution																																										0	0	0	115,000	0	0	0	1,006,000
amortization of deferred financing costs																																					365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	365,000	316,000	317,000	317,000	317,000					235,000
amortization of unfavorable contract liability to revenue																																														-668,000	-668,000	-667,000	-667,000	-667,000	-622,000	-667,000	-667,000
loss on equity method investments																																						435,000	308,000	206,000	229,000	146,000	293,000
changes in assets and liabilities, net of acquisitions:
(decreases) increases in accrued capital expenditures
decreases in accrued capital expenditures																																								-65,000	-827,000
accounts payable to related parties																																									-7,356,000	-7,309,000	827,000
reimbursement of capital expenditures by sponsor																																									209,000	294,000	2,323,000	1,417,000	1,186,000					374,000	0	153,000	310,000
distributions to subordinated unitholders																																										-6,840,000	-6,600,000	-6,360,000	-6,119,000	-5,879,000	-5,699,000	-5,100,000	-4,980,000			-4,620,000	-2,690,000
increases in accrued capital expenditures
accounts receivable from related parties																																													-3,299,000
taxes																																													5,000		0	3,000	15,000
share-based compensation expense
accounts payable - related parties																																														-8,858,000	6,890,000	3,247,000	-2,164,000
distributions to delek for contribution of el dorado terminal and tank assets																																														0	0	0	-95,900,000
tax benefit from exercise of equity-based compensation
offering costs
net cash from (provided by) financing activities
working capital retained by sponsor
distributions to delek for contribution of tyler terminal and tank assets																																																		0
amortization of debt issuance costs																																																			186,000	186,000	188,000
loss on sale of assets
accounts payable from related parties
proceeds from sale of property, plant and equipment
tax benefit from exercise of stock-based compensation
capital contributions by predecessors
accounts payable/receivable from related parties																																																				11,000	-8,000,000
business combinations - nettleton and big sandy																																																						0
capital (distributions) contributions
stock-based compensation expense
capital
accounts payable/receivable - related parties
tax benefit from exercise of stock options
predecessor division equity (distribution) contribution
property, plant and equipment, net retained by sponsor
income tax benefit of stock based compensation
capital contributions

Delek Logistics Partners, LP(NYSE:DKL)

Delek Logistics Partners, LP
(NYSE:DKL)