DKL

Delek Logistics Partners, L.P. is a master limited partnership providing crude oil and refined products gathering, transportation, and storage services in the United States. The partnership operates pipelines, terminals, storage tanks, and other midstream logistics assets primarily serving Delek US Holdings refineries and third-party customers. Delek Logistics transports crude oil to refineries, stores and transports refined products, and provides wholesale marketing and terminaling services. The company operates in regions including West Texas, Tennessee, Arkansas, and the southeastern United States. Headquartered in Brentwood, Tennessee, Delek Logistics was formed in 2012 as a publicly traded partnership to own midstream assets supporting Delek's refining operations. The partnership generates stable cash flows from long-term contracts and fee-based services. Delek Logistics benefits from essential infrastructure, contracted revenues, dropdown acquisition opportunities from its sponsor Delek US, and MLP tax structure. The partnership faces customer concentration with Delek US, throughput volume risks, competitive midstream markets, and commodity price impacts on shipper economics. Delek Logistics pays quarterly distributions to limited partners and continues to operate and expand midstream infrastructure serving refining and marketing customers.