Delek Logistics Partners LP

For the period ended Dec 31, 2023. Filed Feb 28, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 28, 2024

DKL$53.25+0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income and Comprehensive Income

(In thousands, except unit and per unit data)

	Year Ended December 31,
	2023	2022	2021
Net revenues
Affiliate (1)	$563,803	$479,411	$418,826
Third Party	456,606	556,996	282,076
Net revenues	1,020,409	1,036,407	700,902
Cost of sales:
Cost of materials and other - affiliate (1)	396,333	496,184	321,939
Cost of materials and other - third party	136,294	145,179	62,470
Operating expenses (excluding depreciation and amortization presented below)	115,682	85,438	59,483
Depreciation and amortization	87,136	60,210	40,945
Total cost of sales	735,445	787,011	484,837
Operating expenses related to wholesale business (excluding depreciation and amortization presented below)	2,419	2,869	2,337
General and administrative expenses	24,766	34,181	21,460
Depreciation and amortization	5,248	2,778	1,825
Impairment of goodwill	14,848	—	—
Gain on disposal of assets	(1,266)	(114)	(59)
Total operating costs and expenses	781,460	826,725	510,400
Operating income	238,949	209,682	190,502
Interest expense, net	143,244	82,304	50,221
Income from equity method investments	(31,433)	(31,683)	(24,575)
Other income, net	(303)	(373)	(119)
Total non-operating expenses, net	111,508	50,248	25,527
Income before income tax expense	127,441	159,434	164,975
Income tax expense	1,205	382	153
Net income attributable to partners	$126,236	$159,052	$164,822
Comprehensive income attributable to partners	$126,236	$159,052	$164,822
Net income per limited partner unit:
Basic	$2.90	$3.66	$3.79
Diluted	$2.89	$3.66	$3.79
Weighted average limited partner units outstanding:
Basic	43,583,938	43,487,910	43,447,739
Diluted	43,611,314	43,511,650	43,460,470
Cash distributions per common limited partner unit	$4.160	$3.975	$3.785

(1) See Note 4 for a description of our material affiliate revenue and purchases transactions.

F-6 |

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.