Delek Logistics Partners, LP

Delek Logistics Partners, LP announced the pricing of its underwritten public offering of 4,000,000 common units at $50.00 per unit. The company expects to use the net proceeds to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes. Underwriters have been granted a 30-day option to purchase up to 600,000 additional common units. This offering will result in Delek US Holdings' ownership of Delek Logistics common units declining from 63.0% to approximately 58.0%.

Delek Logistics Partners, LP has commenced an underwritten public offering of $175 million of common units. The company intends to grant underwriters an option to purchase an additional $26.25 million in common units. The net proceeds from this offering are planned to be used for repaying outstanding borrowings under its revolving credit agreement and for general partnership purposes.

Delek Logistics Partners, LP reported mixed results for Q2 2026, with net revenues increasing to $384.8 million but net income decreasing to $28.9 million, resulting in basic EPS of $0.54. The company completed a significant debt refinancing, including a new $1.3 billion DKL Revolving Facility and the issuance of $800 million in 2034 Notes, leading to a $23.0 million loss on debt extinguishment. Additionally, the company completed the Tyler Tank Sale for $19.0 million and expects to close the El Dorado Terminal Sale for $66.0 million in October 2027.

Delek Logistics Partners reported its second quarter 2026 financial results, with net income decreasing to $28.9 million ($0.54 per unit) from $44.6 million ($0.83 per unit) year-over-year. However, Adjusted EBITDA increased to $143.5 million from $127.4 million, and distributable cash flow, as adjusted, rose to $80.5 million. The company also announced its 54th consecutive quarterly distribution increase to $1.135 per unit and reaffirmed its 2026 EBITDA guidance of $520 million to $560 million, citing strong operational performance and strategic progress.

Delek Logistics Partners, LP priced an offering of $800 million in 6.875% senior notes due 2034, expected to close on May 14, 2026. The company intends to use the net proceeds to repurchase all outstanding 7.125% Senior Notes due 2028 and to redeem a portion of its 8.625% Senior Notes due 2029. Concurrently, Delek Logistics issued a conditional notice for the partial redemption of $400 million of the 2029 notes at a price of 104.313% of the principal amount, contingent on the new notes offering.

Delek Logistics Partners, LP and its subsidiary announced a cash tender offer for any and all of their outstanding 7.125% Senior Notes due 2028, with a tender consideration of $1,001.35 per $1,000 principal amount. Concurrently, the company intends to offer $800 million in aggregate principal amount of new senior notes due 2034 in a private placement. The net proceeds from the new offering are expected to fund the tender offer, redeem a portion of the 8.625% Senior Notes due 2029, and cover related fees and expenses.

Delek Logistics Partners, LP reported Q1 2026 net revenues of $297.5 million, a 19.0% increase year-over-year. However, net income decreased by 17.1% to $32.4 million, resulting in diluted net income per unit of $0.60. The company's total equity shifted to a deficit of $(20.2) million as of March 31, 2026. The Partnership also entered into a new $1.3 billion DKL Revolving Facility and completed an intercompany asset sale for $25.0 million.

Delek Logistics Partners reported Q1 2026 net income of $32.4 million ($0.60 per unit) and adjusted EBITDA of $132.3 million, an increase from Q1 2025. The company declared its 53rd consecutive quarterly distribution increase to $1.130 per unit and reaffirmed its 2026 EBITDA guidance of $520 million to $560 million. DKL also secured a new revolving credit facility, boosting borrowing capacity by $150 million and extending maturities to 2031.

Delek Logistics Partners, LP announced a quarterly cash distribution of $1.13 per common limited partner unit for the first quarter of 2026. This distribution translates to an annualized rate of $4.52 per unit. The payment is scheduled for May 11, 2026, to unitholders who are on record as of May 4, 2026.