Delek Logistics Partners, LP
For the period ended Mar 31, 2026. Filed Apr 29, 2026.
View on SEC.govAbout 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, 2026 · Filed Apr 29, 2026
DKL$53.25+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income | $32,352 | $39,034 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 36,501 | 27,716 |
| Non-cash lease expense | 1,101 | 2,267 |
| Amortization of deferred revenue | (1,878) | (830) |
| Amortization of deferred financing costs and debt discount | 1,593 | 1,283 |
| Income from equity method investments | (11,623) | (10,150) |
| Dividends from equity method investments | 12,873 | 7,338 |
| Loss on extinguishment of debt | 1,589 | — |
| Other non-cash adjustments | 3,636 | (3,028) |
| Changes in assets and liabilities: | ||
| Accounts receivable | (32,044) | 2,508 |
| Inventories and other current assets | (3,538) | 232 |
| Accounts payable and other current liabilities | 200,945 | (17,579) |
| Accounts receivable/payable to related parties | (89,645) | (21,158) |
| Net investment in leases - affiliate | 15,671 | 5,161 |
| Non-current assets and liabilities, net | 2,843 | (1,244) |
| Net cash provided by operating activities | 170,376 | 31,550 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (48,522) | (55,474) |
| Proceeds from sales of property, plant and equipment | 76 | 4,318 |
| Purchases of intangible assets | (5,877) | (4,558) |
| Business combination, net of cash acquired | — | (181,180) |
| Distributions from equity method investments | 5,025 | 2,127 |
| Net cash used in investing activities | (49,298) | (234,767) |
| Cash flows from financing activities: | ||
| Distributions to common unitholders - public | (22,100) | (21,609) |
| Distributions to common unitholders - Delek Holdings | (38,102) | (37,693) |
| Proceeds from revolving facility | 882,500 | 598,500 |
| Payments on revolving facility | (933,250) | (328,800) |
| Unit repurchase | — | (10,000) |
| Payments on finance leases | (2,155) | — |
| Deferred financing costs paid | (8,956) | — |
| Other financing activities | — | (458) |
| Net cash (used in) provided by financing activities | (122,063) | 199,940 |
| Net decrease in cash and cash equivalents | (985) | (3,277) |
| Cash and cash equivalents at the beginning of the period | 10,892 | 5,384 |
| Cash and cash equivalents at the end of the period | $9,907 | $2,107 |
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest, net of capitalized interest of $1.0 million and $2.7 million in the 2026 and 2025 periods, respectively | $52,037 | $54,623 |
| Non-cash investing activities: | ||
| Common units issued in connection with Gravity Acquisition | $— | $91,511 |
| Increase in accrued capital expenditures | $1,303 | $16,469 |
| Non-cash financing activities: | ||
| Lease liability arising from obtaining operating right-of-use assets during the period | $— | $9,447 |
| Lease liability arising from obtaining finance right-of-use assets during the period | $2,600 | $— |
| Decrease in right-of-use assets due to lease terminations during the period | $41 | $— |
6 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.