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Delek Logistics Partners, LP

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

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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.

FY2025 · Filed Feb 27, 2026

DKL$51.77+1.0%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-K

(Mark One)

For the Fiscal Year EndedDecember 31, 2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to

Commission file number 001-35721

DELEK LOGISTICS PARTNERS, LP

(Exact name of registrant as specified in its charter)

Delaware45-5379027
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
310 Seven Springs Way, Suite 500BrentwoodTennessee37027
(Address of principal executive offices)(Zip Code)

(615)771-6701

(Registrant’s telephone number, including area code)

Not applicable

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Units Representing Limited Partner InterestsDKLNew York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☑ No ☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐ No ☑

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 4262(b)) by the registered public accounting firm that prepared or issued its audit report.☑

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the Registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the Registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ No☑

The aggregate market value of the registrant's common limited partner units held by non-affiliates as of June 30, 2025 was approximately $809,835,436, based upon the closing price of its common units on the New York Stock Exchange on that date.

At February 20, 2026, there were 53,512,343 common limited partner units.

Documents incorporated by reference: None

Table of Contents

Annual Report on Form 10-K

For the Annual Period Ending December 31, 2025

PART I
Items 1 and 2. Business and Properties6
Item 1A. Risk Factors23
Item 1B. Unresolved Staff Comments53
Item 1C. Cybersecurity53
Item 3. Legal Proceedings55
Item 4. Mine Safety Disclosures55
PART II
Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities56
Item 6. [RESERVED]56
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations57
Item 7A. Quantitative and Qualitative Disclosures about Market Risk84
Item 8. Financial Statements and Supplementary Data84
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure84
Item 9A. Controls and Procedures84
Item 9B. Other Information85
Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections85
PART III
Item 10. Directors, Executive Officers of the Registrant and Corporate Governance86
Item 11. Executive Compensation93
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters98
Item 13. Certain Relationships and Related Transactions, and Director Independence100
Item 14. Principal Accountant Fees and Services103
PART IV
Item 15. Exhibits and Financial Statement Schedules104
Signatures107

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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.