Delek Logistics Partners, LP

For the period ended Sep 30, 2026. Filed Nov 6, 2026.

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.

Sep 30, 2026 · Filed Nov 6, 2026

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

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Contents

Condensed Consolidated Statements of Cash Flows

Condensed Consolidated Statements of Cash Flows (Unaudited)

(in thousands)

	Nine Months Ended September 30,
	2026	2025
Cash flows from operating activities:
Net income	$108,641	$129,168
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	112,400	89,612
Non-cash lease expense	3,605	5,045
Amortization of deferred revenue	(5,670)	(2,102)
Amortization of deferred financing costs and debt discount	4,867	4,274
Income from equity method investments	(46,695)	(42,564)
Dividends from equity method investments	32,469	21,424
Loss on extinguishment of debt	23,005	—
Other non-cash adjustments	9,058	4,094
Changes in assets and liabilities:
Accounts receivable	(1,152)	(20,658)
Inventories and other current assets	(9,553)	(2,788)
Accounts payable and other current liabilities	221,002	269,392
Accounts receivable/payable to related parties	(42,060)	(263,622)
Net investment in leases - affiliate	10,183	7,717
Non-current assets and liabilities, net	9,422	(5,082)
Net cash provided by operating activities	429,522	193,910
Cash flows from investing activities:
Purchases of property, plant and equipment	(167,194)	(237,143)
Proceeds from sales of property, plant and equipment	104	3,408
Purchases of intangible assets	(12,137)	(8,914)
Business combination, net of cash acquired	—	(181,180)
Distributions from equity method investments	8,355	12,168
Net cash used in investing activities	(170,872)	(411,661)
Cash flows from financing activities:
Distributions to common unitholders - public	(66,660)	(65,184)
Distributions to common unitholders - Delek Holdings	(114,000)	(113,050)
Proceeds from term debt	800,000	700,000
Payments on term debt	(800,000)	—
Proceeds from revolving facility	1,608,600	1,106,900
Payments on revolving facility	(1,820,450)	(1,385,450)
Unit repurchase	—	(10,000)
Proceeds from issuance of common units, net of underwriters' discount	220,239	—
Deferred financing costs paid	(23,679)	(10,854)
Debt extinguishment costs paid	(17,837)	—
Other financing activities	(6,754)	(3,083)
Net cash (used in) provided by financing activities	(220,541)	219,279
Net increase in cash and cash equivalents	38,109	1,528
Cash and cash equivalents at the beginning of the period	10,892	5,384
Cash and cash equivalents at the end of the period	$49,001	$6,912

	Nine Months Ended September 30,
	2026	2025
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest, net of capitalized interest of $3.3 million and $7.0 million in the 2026 and 2025 periods, respectively	$137,262	$129,334
Non-cash investing activities:
Units transferred from Delek Holdings held in Treasury	$19,000	$—
Inventory received in connection with DPG Dropdown	$—	$6,860
Forgiveness of related party receivable in connection with DPG Dropdown	$—	$58,800
Common units issued in connection with Gravity Acquisition	$—	$91,511
(Decrease) increase in accrued capital expenditures	$(1,944)	$3,619
Non-cash financing activities:
Lease liability arising from obtaining operating right-of-use assets during the period	$—	$33,110
Lease liability arising from obtaining finance right-of-use assets during the period	$8,639	$—
Decrease in right-of-use assets due to lease terminations during the period	$332	$1,176

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