Delek Logistics Partners LP

For the period ended Jun 30, 2024. Filed Aug 7, 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.

Jun 30, 2024 · Filed Aug 7, 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 Income and Comprehensive Income (Unaudited)

(In thousands, except unit and per unit data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Net revenues
Affiliate (1)	$156,828	$132,993	$296,453	$257,992
Third Party	107,800	113,918	220,250	232,444
Net revenues	264,628	246,911	516,703	490,436
Cost of sales:
Cost of materials and other - affiliate (1)	103,065	92,042	195,947	183,113
Cost of materials and other - third party	34,995	36,083	65,805	71,108
Operating expenses (excluding depreciation and amortization presented below)	29,454	28,476	61,149	52,691
Depreciation and amortization	22,746	22,469	47,913	42,233
Total cost of sales	190,260	179,070	370,814	349,145
Operating expenses related to wholesale business (excluding depreciation and amortization presented below)	174	480	395	1,005
General and administrative expenses	6,016	6,611	10,879	14,121
Depreciation and amortization	1,461	1,258	2,789	2,599
Other operating income, net	(1,744)	(455)	(1,177)	(313)
Total operating costs and expenses	196,167	186,964	383,700	366,557
Operating income	68,461	59,947	133,003	123,879
Interest expense, net	35,268	35,099	75,497	67,680
Income from equity method investments	(7,882)	(7,285)	(16,372)	(13,601)
Other income, net	(40)	(19)	(211)	(21)
Total non-operating expenses, net	27,346	27,795	58,914	54,058
Income before income tax expense	41,115	32,152	74,089	69,821
Income tax expense	57	256	383	558
Net income attributable to partners	$41,058	$31,896	$73,706	$69,263
Comprehensive income attributable to partners	$41,058	$31,896	$73,706	$69,263
Net income per limited partner unit:
Basic	$0.87	$0.73	$1.61	$1.59
Diluted	$0.87	$0.73	$1.61	$1.59
Weighted average limited partner units outstanding:
Basic	47,219,184	43,577,428	45,812,770	43,573,716
Diluted	47,232,507	43,597,282	45,829,522	43,591,726
Cash distributions per common limited partner unit	$1.090	$1.035	$2.160	$2.060

(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 March 31, 2024	$290,051	$(332,518)	$(42,467)
Cash distributions	(13,893)	(36,713)	(50,606)
Net income attributable to partners	11,100	29,958	41,058
Other	(63)	771	708
Balance as of June 30, 2024	$287,195	$(338,502)	$(51,307)

	Common - Public	Common - Delek Holdings	Total
Balance as of March 31, 2023	$170,522	$(287,944)	$(117,422)
Cash distributions	(9,496)	(35,168)	(44,664)
Net income attributable to partners	6,783	25,113	31,896
Other	(49)	737	688
Balance as of June 30, 2023	$167,760	$(297,262)	$(129,502)

	Common - Public	Common - Delek Holdings	Total
Balance as of December 31, 2023	$160,402	$(322,271)	$(161,869)
Cash distributions	(23,905)	(72,911)	(96,816)
Net income attributable to partners	18,504	55,202	73,706
Issuance of units	132,202	—	132,202
Other	(8)	1,478	1,470
Balance as of June 30, 2024	$287,195	$(338,502)	$(51,307)

	Common - Public	Common - Delek Holdings	Total
Balance as of December 31, 2022	$172,119	$(282,819)	$(110,700)
Cash distributions	(18,938)	(70,166)	(89,104)
Net income attributable to partners	14,723	54,540	69,263
Other	(144)	1,183	1,039
Balance as of June 30, 2023	$167,760	$(297,262)	$(129,502)

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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.