Financial Data and Key Metrics Changes - Total EBITDA for Delek Logistics Partners was $93 million for Q2 2023, up from $65 million in Q2 2022, indicating a significant increase in performance [5][7] - Distributable cash flow for Q2 2023 was $60 million, reflecting strong cash generation capabilities [7] - The coverage ratio was reported at 1.34x, suggesting a healthy ability to cover distributions [18] Business Line Data and Key Metrics Changes - The Wholesale Marketing and Terminalling segment reported EBITDA of $28 million for Q2 2023, compared to $19 million in Q2 2022, driven by higher throughput and gross margins [8] - The Storage and Transportation segment maintained EBITDA at $15 million, consistent with the previous year's results [8] - The Investments in Pipeline Joint Ventures segment contributed $7 million, flat compared to Q2 2022 [8] - The Gathering and Processing segment saw EBITDA increase to $53 million from $38 million year-over-year, primarily due to strong contributions from the Midland and Delaware Gathering Systems [18] Market Data and Key Metrics Changes - Midland Gathering System volumes more than doubled compared to the previous year, averaging approximately 222,000 barrels per day in Q2 2023, up from 100,000 barrels per day in Q2 2022 [15][18] Company Strategy and Development Direction - The company is focused on sustainable growth and plans to exceed a $100 million quarterly EBITDA run rate by Q4 2023 [15] - Capital expenditures for Q2 2023 were $19 million, primarily for growth projects in the Delaware and Midland Gathering Systems, with a total capital outlook of $81 million for the year [19] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook, citing consistent results and stable cash flow, particularly as production in the Permian Basin ramps up [5] - The company is committed to increasing quarterly distributions, with a 5.1% increase approved for Q2 2023 to $1.035 per limited partner unit [6] Other Important Information - The company has identified more value-add opportunities with producers, indicating a proactive approach to enhancing operational efficiency and profitability [15] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded with management expressing gratitude to employees, the Board of Directors, and investors for a successful quarter [20][21]

Financial Data and Key Metrics Changes - Delek Logistics Partners reported a record EBITDA of over $93 million for Q1 2023, compared to $66 million in Q1 2022, reflecting a significant increase [3][5] - Distributable cash flow for Q1 2023 was $62 million, with a DCF coverage ratio of 1.38 times [5] - The company approved a 4.6% increase in quarterly distribution to $1.025 per limited partner unit, marking 41 consecutive quarterly distribution increases [4] Business Line Data and Key Metrics Changes - The Gathering and Processing segment's EBITDA increased to $55 million in Q1 2023 from $32 million in Q1 2022, driven by strong contributions from the Midland and Delaware Gathering systems [22] - The Storage and Transportation segment's EBITDA rose to $13 million in Q1 2023, up from $11 million in the same period last year, primarily due to higher utilization and fees [23] - The Wholesale Marketing and Terminalling segment maintained an EBITDA of $22 million, consistent with the prior year [6] Market Data and Key Metrics Changes - Throughput of the Midland Gathering averaged approximately 222,000 barrels per day in Q1 2023, significantly up from about 100,000 barrels per day in Q1 2022 [43] - The overall production in the Midland area increased by approximately 10%, with the company's specific area seeing more than double the production [25] Company Strategy and Development Direction - The company is focused on maintaining its strong track record of growth and is optimistic about the midstream business outlook [48] - Capital expenditures for Q1 2023 were $36 million, with $33 million allocated for growth projects, maintaining an annual capital outlook of $81 million [38][40] - The management is exploring cost reduction initiatives and operational efficiencies to enhance gross margins and operational expenditures [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's performance and the ability to continue increasing distributions, highlighting a positive operational environment [9][26] - The company anticipates a decrease in leverage ratio moving forward, supported by EBITDA growth and capital project funding [29][40] Other Important Information - The company achieved a milestone of 4 million man-hours worked without lost time injuries, emphasizing its commitment to safety [20][41] - The investment in the Pipeline Joint Venture segment contributed $6 million in Q1 2023, down from $7 million in Q1 2022, due to lower throughput from the Delek Tyler Refinery turnaround [7] Q&A Session Summary Question: Update on Permian operations and overall operating environment - Management noted a 10% increase in Midland total production and more than double the production in their specific area, indicating a positive trend [25] Question: Cost reduction initiatives at the MLP level - Management confirmed they are exploring opportunities for cost reductions and operational efficiencies, which will positively impact gross margins and operational expenditures [13][14] Question: Leverage trends and debt levels - Management indicated that while absolute debt levels increased slightly, they expect the leverage ratio to decrease throughout the year due to EBITDA growth and capital project funding [29][40]

Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended 3/31/2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number 001-35721 DELEK LOGISTICS PARTNERS, LP (Exact name of registrant as specified in its charter) Delaware 45-5379027 (State or other jurisdi ...

Financial Data and Key Metrics Changes - Delek Logistics Partners reported a record EBITDA of $92.5 million for Q4 2022, which is 33% higher than the previous record of $70 million in Q4 2021 [9][11] - The distributable cash flow (DCF) for Q4 2022 was $51 million, with a DCF coverage ratio of 1.16x [11] - For the full year of 2022, the company spent $131 million on capital expenditures, with $120 million allocated for growth [4] Business Line Data and Key Metrics Changes - The Gathering and Processing segment achieved an EBITDA of $48 million in Q4 2022, up from $34 million in Q4 2021 [18] - The Wholesale Marketing and Terminalling segment contributed $23 million of EBITDA in Q4 2022, compared to $19 million in the same period last year, driven by the West Texas Wholesale business [3] - The Storage and Transportation segment maintained an EBITDA of $16 million in Q4 2022, consistent with Q4 2021 [19] - The Pipeline Joint Venture segment contributed $9 million in Q4 2022, an increase from $7 million in Q4 2021, primarily due to increased volumes [19] Market Data and Key Metrics Changes - The company is optimistic about the outlook for the midstream business, indicating a strong position for future growth [10] Company Strategy and Development Direction - The company has restructured its reporting segments to better align with its business management, creating a new segment called Gathering and Processing [2] - Delek Logistics aims to continue its trend of increasing distributions, having achieved a 5% increase in 2022 and expecting to maintain this in 2023 [10] - The integration of the 3 Bear assets is considered complete, and the company is well-positioned to continue its growth trajectory [9][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the performance of the Delek Permian Gathering System and the overall midstream market, expecting growth to exceed the average of the market [22] - The company has 325,000 acres in the Permian Basin and 25 active rigs, indicating strong operational capacity and growth potential [22] Other Important Information - The Board approved an increase in the quarterly distribution to $1.02 per unit for Q4 2022, marking the 40th consecutive quarterly distribution increase [16] Q&A Session Summary Question: Outlook for 2023 and Permian G&P segment growth - Management indicated that while specific numbers for 2023 are not provided, they expect significant organic growth in the Permian G&P segment, exceeding market averages [22] Question: General partner structure and its implications - Management emphasized that any potential deals would prioritize the benefit of unitholders and that they are committed to structuring the right corporate governance to support both investors and the company [12][13]

Acquisition and Growth - The acquisition of 3 Bear Delaware Holding – NM, LLC is expected to enhance growth opportunities and financial benefits for the company[14] - The company completed the acquisition of 3 Bear Delaware Holding - NM, LLC for $628.3 million, enhancing its logistics customer base and diversifying its operations in the Delaware Basin[38] - The company has a history of successful acquisitions, including the Midland Gathering Assets Acquisition for approximately $100 million, which includes 200 miles of gathering assets and a storage capacity of 650,000 barrels[41] Operational Capacity and Infrastructure - The company operates primarily in the midstream energy sector, providing services such as gathering, pipeline transportation, and storage for crude oil and natural gas[22] - The company has approximately 1,120 miles of crude oil gathering systems and 450 miles of refined product pipelines, indicating significant logistical capacity[27] - The company reported a water disposal capacity of approximately 200 MBbl/d and gas processing capacity of about 88 MMcf/d, showcasing its operational capabilities[27] - The Delaware Gathering Assets consist of approximately 485 miles of pipelines and have a crude gathering capacity of 140 MBbl per day[67] - The company operates 10 light product distribution terminals, enhancing its market reach and operational efficiency[27] Financial Performance and Revenue - A substantial portion of the company's assets are contracted to Delek Holdings, which is critical for its revenue generation and operational success[29] - The company’s ability to pay quarterly distributions to unitholders may be impaired if it fails to generate sufficient cash flow[17] - The company has a total aggregate commitment of $1.2 billion under its 2022 DKL Credit Facility, which includes $900 million in senior secured revolving commitments and a $300 million senior secured term loan[45] - The company’s revenue from the Storage and Transportation segment is primarily derived from long-term commercial agreements with Delek Holdings, providing a stable revenue base[107] - Delek Holdings accounted for 46.3%, 59.8%, and 67.4% of total revenues for the years ended December 31, 2022, 2021, and 2020, respectively[133] Risk Factors - The company has identified risks including potential impairments of long-lived assets and the impact of the COVID-19 pandemic on its financial performance[17] - The ongoing war between Russia and Ukraine may impact the company's business and growth strategies[14] - The company is dependent on Delek Holdings as its primary customer, with a substantial majority of contribution margin derived from fee-based agreements[132] - The COVID-19 Pandemic has significantly destabilized global economic activity, impacting demand for oil and gas products, which may lead to prolonged economic slowdown[177] - The company faces risks from climate change and severe weather, which could disrupt operations and lead to significant costs for asset protection and risk mitigation[195] Environmental and Regulatory Compliance - The company is subject to extensive federal, state, and local environmental and safety laws, which may require ongoing capital investments to comply with existing and new regulations[153] - The company is committed to ESG-related goals, with oversight from the Board of Directors and various committees focused on sustainability and risk management[138] - Compliance with environmental and safety regulations may require substantial expenditures, impacting financial condition and operational results[202] - The company maintains spill prevention control and countermeasure plans to comply with the Clean Water Act and related regulations[166] Strategic Initiatives - The company has identified overarching objectives within its Long-Term Sustainability Framework, focusing on operational, economic, and environmental sustainability[36] - The company has implemented a digital transformation strategy aimed at operational optimization and improved margin capture[39] - The company is focused on identifying ESG-conscious investments that offer clear value propositions and sustainable returns[39] Market Conditions and Pricing - The tariffs on certain FERC regulated pipelines increased by approximately 8.7% as of July 1, 2022, reflecting changes in the FERC oil pipeline index[48] - Fees under agreements with Delek Holdings increased by 7.1% using the consumer price index and approximately 10.8% using the producer price index[48] - A decrease in wholesale fuel margins or sales volume could negatively impact financial condition and cash flows, influenced by external market factors[210] Integration and Management Challenges - Integration challenges from the 3 Bear Acquisition may include operational errors, maintenance issues, and potential unknown liabilities[188] - The company completed the 3 Bear Acquisition on June 1, 2022, which requires significant management resources for integration[187]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended 9/30/2022 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) Delaware 45-5379027 (State or other jurisdi ...

Financial Data and Key Metrics Changes - The company reported record EBITDA of $89 million for Q3 2022, which includes $4.2 million of transaction costs related to the 3 Bear acquisition [7][11] - Distributable cash flow (DCF) adjusted for 3 Bear transaction costs was approximately $70 million, up from $56 million in Q3 2021, with a DCF coverage ratio of 1.62 times [10] - The quarterly distribution was increased to $0.99 per limited partner unit, marking the 39th consecutive quarter of distribution increases [11] Business Line Data and Key Metrics Changes - The 3 Bear operating segment contributed a margin of $18.1 million in Q3 2022 [13] - The Pipelines and Transportation segment saw a contribution margin of $54 million, an increase from $47.4 million in Q3 2021, attributed to strong refinery utilization rates and annual tariff escalations [14] - The Wholesale Marketing and Terminalling segment's contribution margin decreased to $18.3 million from $19.6 million in Q3 2021, primarily due to higher operating costs [15] - Equity income from crude oil pipeline joint ventures was approximately $8.6 million, up from $7.3 million in the prior year period, driven by strong volumes [16] Market Data and Key Metrics Changes - The company noted strong refinery utilization rates at the Delek U.S. level, contributing positively to business performance [9] Company Strategy and Development Direction - The company is focused on expanding its Gathering and Processing businesses, with growth capital predominantly directed towards these areas [17] - The integration of the 3 Bear acquisition is progressing well, with assets performing in line with initial expectations and additional growth opportunities anticipated [8][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the recovery of the energy industry post-pandemic and the outlook for the Midstream business [9] - There is a positive growth trajectory expected in both the legacy Delek Permian Gathering footprint and the 3 Bear footprint, with a strong growth profile across all business lines [20][21] Other Important Information - The company had $193 million of available capacity under a $1 billion credit facility, with total debt at $1.45 billion [12] - Capital expenditures for Q3 2022 were approximately $32.2 million, with a total outlook for 2022 including $116.9 million in gross capital expenditures [17] Q&A Session Summary Question: Can you update us on the trajectory from here going forward? - Management indicated robust growth in both the pre-existing Delek Permian Gathering footprint and the 3 Bear footprint, with strong growth across all business lines [20] Question: Are we ahead of schedule on the ramp-up for the 3 Bear assets? - Management confirmed that integration has gone well and they are on target with expectations, expressing satisfaction with the progress [22]

Delek Logistics Partners, LP (NYSE:DKL) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Blake Fernandez - Investor Relations Uzi Yemin - General Partners Chairman Avigal Soreq - President Reuven Spiegel - Chief Financial Officer Odely Sakazi - Senior Vice President Conference Call Participants Michael Cusimano - Pickering Energy Partners Operator Good day and welcome to the Delek Logistics Second Quarter 2022 Conference Call. [Operator Instructions] Please note this event is ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 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) Delaware 45-5379027 (State or other jur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 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) Delaware 45-5379027 (State or other ju ...