Delek Logistics Partners, LP

Listed Company

DKLCIK 0001552797NYSELarge AcceleratedPipe Lines (No Natural Gas)TennesseeFY ends Dec 31

Period

FY 2025

Revenue

$1.01B

Net Income

—

Total Assets

$2.78B

Equity

—

Shares Out

53.17M

Op. Cash Flow

$237.12M

Business

Delek Logistics Partners, LP is a publicly listed company in Pipe Lines (No Natural Gas), incorporated in Tennessee. Common stock trades on NYSE under the ticker DKL.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	1,013	941	1,020	1,036	701
Operating expenses (excluding depreciation and amortization presented below)	167	122	116	85	59
Depreciation and amortization	122	91	87	60	41
Total cost of sales	798	697	735	787	485
Operating expenses related to wholesale business (excluding depreciation and amortization presented below)	2	714,000	2	3	2
General and administrative expenses	29	36	25	34	21
Depreciation and amortization	3	5	5	3	2
Impairment of goodwill	0	0	15	0	0
Other operating income, net	−436,000	−978,000	−1	−114,000	−59,000
Total operating costs and expenses	831	738	781	827	510
Operating income	182	203	239	210	191
Interest income	−113	−48	0	0	—
Interest expense	179	151	143	82	—
Income from equity method investments	−62	−43	−31	−32	−25
Other income, net	−60,000	−205,000	−303,000	−373,000	−119,000
Total non-operating expenses, net	5	60	112	50	26
Income before income tax expense	177	143	127	159	165
Income tax expense	458,000	479,000	1	382,000	153,000
Net income	176	143	126	159	165
Comprehensive income	176	143	126	159	165
Less: Preferred unitholder's interest in net income	0	768,000	0	0	—
Net income attributable to limited partners	176	142	126	159	—
Basic (in dollars per unit)	3.3	2.99	2.9	3.66	3.79
Diluted (in dollars per unit)	3.3	2.99	2.89	3.66	3.79
Basic (in units)	54	47	44	43	43
Diluted (in units)	54	47	44	44	43

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	11	5	4	8	4
Lease receivable - affiliate	36	23	—	—	—
Inventory	18	5	2	1	2
Other current assets	4	24	676,000	2	951,000
Total current assets	401	146	76	65	23
Property, plant and equipment	1,828	1,375	1,321	1,241	716
Less: accumulated depreciation	−404	−311	−384	−317	−266
Property, plant and equipment, net	1,424	1,064	936	924	449
Equity method investments	340	317	241	257	250
Other intangibles, net	137	95	60	—	—
Goodwill	12	12	12	27	12
Operating lease right-of-use assets	12	17	19	25	21
Finance lease right-of-use assets	28	883,000	—	—	—
Net lease investment - affiliate	186	193	0	—	—
Other non-current assets	7	10	14	16	26
Total assets	2,779	2,042	1,642	1,679	935
Accounts payable	293	41	26	57	8
Interest payable	31	31	6	5	5
Excise and other taxes payable	17	7	10	8	5
Current portion of operating lease liabilities	3	5	7	8	7
Current portion of finance lease liabilities	8	223,000	—	—	—
Accrued expenses and other current liabilities	5	5	11	6	7
Total current liabilities	356	89	91	106	97
Long-term debt, net of current portion	2,344	1,875	1,674	—	—
Operating lease liabilities, net of current portion	4	6	8	12	14
Finance lease liabilities, net of current portion	20	613,000	—	—	—
Asset retirement obligations	24	16	10	9	6
Other non-current liabilities	24	20	21	16	23
Total non-current liabilities	2,417	1,917	1,714	1,684	942
Total equity (deficit)	6	36	−162	−111	−104
Total liabilities and equity	2,779	2,042	1,642	1,679	935

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	176	143	126	159	165
Depreciation and amortization	126	96	92	63	43
Non-cash lease expense	6	8	10	16	10
Amortization of marketing contract intangible	0	4	7	7	7
Amortization of deferred revenue	−5	−3	−2	−2	−2
Amortization of deferred financing costs and debt discount	6	5	6	4	3
Dividends from equity method investments	25	43	29	23	21
Other non-cash adjustments	6	2	3	3	—
Accounts receivable	−43	−7	22	−9	292,000
Inventories and other current assets	−5	−620,000	−131,000	2	55,000
Accounts payable and other current liabilities	243	9	−21	19	−2
Accounts receivable/payable to related parties	−238	−62	−34	−58	67
Net investment in leases - affiliate	−6	12	0	0	—
Non-current assets and liabilities, net	8	812,000	4	−3	−14
Net cash provided by operating activities	237	206	225	192	275
Asset acquisitions from Delek Holdings	0	−84	0	0	0
Purchases of property, plant and equipment	−268	−129	−96	−141	−23
Proceeds from sales of property, plant and equipment	4	10	2	143,000	275,000
Purchases of intangible assets	−12	−3	−4	−6	−964,000
Business combination, net of cash acquired	−181	−183	0	−626	0
Distributions from equity method investments	16	4	9	2	9
Equity method investment contributions	−2	−500,000	0	0	−1
Net cash used in investing activities	−444	−385	−90	−770	−16
Distributions to common unitholders - public	−87	−57	−38	−36	−32
Distributions to common unitholders - Delek Holdings	−151	−148	−142	−135	−129
Proceeds from term debt	700	1,059	0	299	0
Payments on term debt	0	−531	−19	0	0
Proceeds from revolving facility	1,298	1,328	432	1,752	341
Payments on revolving facility	−1,521	−1,673	−372	−1,290	−830
Redemption of preferred units	0	−71	0	0	—
Unit repurchase	−10	0	0	—	—
Proceeds from issuance of common units, net of underwriters' discount	0	298	0	3	0
Proceeds from other financing agreements	0	0	6	0	—
Payments on other financing agreements	0	−6	0	0	—
Payments on finance leases	−5	0	0	−3	−2
Deferred financing costs paid	−11	−18	−4	−8	−6
Other financing activities	0	−839,000	−3	0	0
Net cash provided by (used in) financing activities	213	180	−140	582	−259
Net increase (decrease) in cash and cash equivalents	6	2	−4	4	49,000
Interest, net of capitalized interest of $7.9 million, $2.6 million and $1.1 million in the 2025, 2024 and 2023 periods, respectively	174	117	136	78	45
Income taxes	0	0	20,000	43,000	34,000
Inventory received in connection with DPG Dropdown	7	0	0	—	—
Equity attributable to W2W Holdings Acquisition	0	−63	0	0	—
Forgiveness of related party receivable in connection with W2W Holdings Acquisition	0	60	0	0	—
Redemption of units in connection with the assignment of Big Spring Refinery Marketing Agreement	0	−98	0	0	—
Equipment acquired under vendor financing	2	0	0	—	—
Preferred units issued in connection with H2O Acquisition	0	70	0	0	—
Forgiveness of related party receivable in connection with DPG Dropdown	59	0	0	—	—
Common units issued in connection with Gravity Acquisition	92	0	0	—	—
Increase in accrued capital expenditures	5	11	−15	−10	4
Lease liability arising from obtaining operating right-of-use assets during the period	2	4	4	—	—
Lease liability arising from obtaining finance right-of-use assets during the period	33	0	1	—	—
Decrease in right-of-use assets due to lease terminations during the period	1	0	0	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro