Delek Logistics Partners LP

For the period ended Mar 31, 2024. Filed May 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 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

Condensed Consolidated Statements of Comprehensive Income

Condensed Consolidated Statements of Comprehensive Income (Unaudited)

(In thousands, except unit and per unit data)

	Three Months Ended March 31,
	2024	2023
Net revenues
Affiliate (1)	$139,625	$124,999
Third Party	112,450	118,526
Net revenues	252,075	243,525
Cost of sales:
Cost of materials and other - affiliate (1)	92,882	91,071
Cost of materials and other - third party	30,810	35,025
Operating expenses (excluding depreciation and amortization presented below)	31,695	24,215
Depreciation and amortization	25,167	19,764
Total cost of sales	180,554	170,075
Operating expenses related to wholesale business (excluding depreciation and amortization presented below)	221	525
General and administrative expenses	4,863	7,510
Depreciation and amortization	1,328	1,341
Loss on disposal of assets	567	142
Total operating costs and expenses	187,533	179,593
Operating income	64,542	63,932
Interest expense, net	40,229	32,581
Income from equity method investments	(8,490)	(6,316)
Other income, net	(171)	(2)
Total non-operating expenses, net	31,568	26,263
Income before income tax expense	32,974	37,669
Income tax expense	326	302
Net income attributable to partners	$32,648	$37,367
Comprehensive income attributable to partners	$32,648	$37,367
Net income per limited partner unit:
Basic	$0.74	$0.86
Diluted	$0.73	$0.86
Weighted average limited partner units outstanding:
Basic	44,406,356	43,569,963
Diluted	44,422,817	43,585,297
Cash distributions per common limited partner unit	$1.070	$1.025

(1) See Note 2 for a description of our material affiliate revenue and purchases transactions.

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Condensed Consolidated Statements of Partners' Equity (Deficit) (Unaudited)

(in thousands)

	Common - Public	Common - Delek Holdings	Total
Balance as of December 31, 2023	$160,402	$(322,271)	$(161,869)
Cash distributions	(10,012)	(36,198)	(46,210)
Net income attributable to partners	7,404	25,244	32,648
Issuance of units	132,327	—	132,327
Other	(70)	707	637
Balance as of March 31, 2024	$290,051	$(332,518)	$(42,467)

	Common - Public	Common - Delek Holdings	Total
Balance as of December 31, 2022	$172,119	$(282,819)	$(110,700)
Cash distributions	(9,442)	(34,998)	(44,440)
Net income attributable to partners	7,940	29,427	37,367
Other	(95)	446	351
Balance as of March 31, 2023	$170,522	$(287,944)	$(117,422)

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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.