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 ...

Delek Logistics Partners LP (NYSE:DKL) Q4 2022 Earnings Conference Call February 28, 2023 4:30 PM ET Company Participants Rosy Zuklic - VP, IR Avigal Soreq - President, CEO & Director Todd O'Malley - COO Conference Call Participants Douglas Irwin - Citigroup Operator Good day, and welcome to the Delek Logistics Partners Fourth Quarter 2022 Earnings Call. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Rosy Zuklic, Vice President of Investor ...

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 ...

Delek Logistics Partners, LP (NYSE:DKL) Q3 2022 Earnings Conference Call November 7, 2022 9:30 AM ET Company Participants Blake Fernandez - IR Avigal Soreq - President Reuven Spiegel - CFO Todd O'Malley - EVP & Chief Operating Officer Conference Call Participants Michael Cusimano - Pickering Energy Partners Operator Good morning, and welcome to the Delek Logistics Partners 2022 Third Quarter Conference Call. All participants will be in a listen-only mode today. [Operator Instructions] After todays’ presenta ...

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 ...

Financial Data and Key Metrics Changes - Distributable cash flow for Q1 2022 was approximately $52 million, a slight decrease from $53 million in Q1 2021 [6] - The DCF coverage ratio was 1.21 times for Q1 2022, down from 1.31 times in the prior year [6] - EBITDA increased by 12% to $66 million compared to the prior year [6] - The quarterly distribution was increased to $0.98 per limited partner unit, representing a 0.5% increase from Q4 2021 and a 6.5% increase from Q1 2021 [7] Business Line Data and Key Metrics Changes - In the Pipelines and Transportation segment, the contribution margin for Q1 2022 was $43.2 million, compared to $41.7 million in Q1 2021 [9] - The Wholesale Marketing and Terminalling segment saw a contribution margin of $19 million in Q1 2022, up from $15 million in Q1 2021, driven by stronger volumes [9] - Equity income from crude oil joint venture pipelines was approximately $7 million, an increase from $4 million in the prior year [10] Market Data and Key Metrics Changes - As of March 31, the company had $586 million of available capacity on its $850 million credit facility, with total debt at $906 million and a leverage ratio of approximately 3.3 times [8] Company Strategy and Development Direction - The company is focusing on its legacy Permian Gathering business, expecting to at least double volumes from Q4 2021 to Q4 2022 [12] - The planned acquisition of 3Bear is expected to enhance size and scale, increase third-party fixed fee revenue, and diversify into the Delaware portion of the Permian Basin [12] - The acquisition is anticipated to be immediately accretive to the DCF ratio [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to continue rewarding unitholders based on macro indicators and the lack of maintenance at the Delek US refining system [13] - The company plans to finance the 3Bear acquisition primarily through debt but expects to manage leverage effectively due to strong underlying business performance [14][15] Other Important Information - Capital expenditures for Q1 2022 were approximately $9.1 million, with a total gross capital expenditure outlook of $73 million for the year [10][11] - The company has achieved 37 consecutive quarters of distribution growth [13] Q&A Session Summary Question: Financing of 3Bear acquisition and leverage targets - Management acknowledged that leverage will increase due to the acquisition but expressed confidence in managing it down over time due to strong business performance [14][15] Question: Impact of financing on dropdown timing - Management confirmed that the timing of dropdowns remains intact, with expectations for the Wink to Webster dropdown to occur in 2023 [16]