Delek Logistics Partners, LP reports news on a midstream energy master limited partnership that owns assets and participates in joint ventures in the Permian Basin, Delaware Basin and Gulf Coast region. Its updates center on gathering, pipeline and transportation services for crude oil and natural gas customers; storage, wholesale marketing and terminalling for intermediate and refined products; and water disposal and recycling services.
Recurring developments include quarterly operating results, cash distributions on common limited partner units, senior note and credit-facility activity, and project updates tied to sour gas processing, treating and handling at the Libby Gas Complex. Company news also reflects its relationship with Delek US Holdings, which owns the general partner interest and a majority limited partner interest and is a significant customer.
Delek Logistics Partners (NYSE: DKL) increased its quarterly cash distribution to $1.14 per common limited partner unit for the third quarter of 2026.
The distribution is equivalent to $4.56 per unit on an annualized basis and is payable on November 10, 2026, to unitholders of record on November 3, 2026. Distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective rate for individuals or corporations, as applicable.
Delek Logistics Partners (NYSE: DKL) plans to release third-quarter 2026 results before the U.S. stock market opens on November 6, 2026.
A conference call is scheduled for 11:30 a.m. CT (12:30 p.m. ET) that day. The live webcast will be available through the webcasts section at www.DelekLogistics.com, with an online replay available for 90 days.
Delek US Holdings (NYSE: DK) plans to release third-quarter 2026 results before the U.S. stock market opens on November 6, 2026.
A conference call is scheduled for 10:00 a.m. CT (11:00 a.m. ET) that day, with a live webcast through the investor relations section of DelekUS.com. Supplemental financial information will be available at ir.delekus.com before the call. An online replay will remain available for 90 days.
Delek US Holdings (DK) priced a $400 million private offering of 0.00% convertible senior notes due 2031.
The notes mature November 1, 2031, unless converted, redeemed or repurchased earlier. Initial purchasers may buy up to $60 million more within 13 days beginning on the issue date. Closing is expected September 29, 2026, subject to customary conditions. The notes are senior unsecured obligations guaranteed by subsidiaries that guarantee Delek’s term loan or revolving credit facility.
Delek intends to use part of the net proceeds for capped calls and the rest for general corporate purposes, including partial repayment of its term loan, accrued interest, fees and expenses. The initial conversion rate is 11.7219 shares per $1,000 of notes, equivalent to approximately $85.31 per share. That is a 27.5% premium to the last reported sale price of $66.91 on September 24. The capped calls have an initial cap price of approximately $117.09 per share and are intended to limit potential dilution upon conversion.
Delek US Holdings (DK) intends to offer $400.0 million of convertible senior notes due 2031 in a private offering. It also intends to give initial purchasers an option to buy up to $60.0 million more within a 13-day period beginning on the initial closing date.
Delek intends to use part of the net proceeds for capped call transactions and the rest for general corporate purposes, including partial repayment of its term loan facility. The senior unsecured notes will mature on November 1, 2031, unless converted, redeemed or repurchased earlier. Subsidiaries that guarantee Delek’s term loan or revolving credit facility will guarantee the notes. The interest rate and initial conversion rate will be set when the offering is priced.
Delek US Holdings (NYSE: DK) welcomes the Trump Administration and U.S. Environmental Protection Agency decision to grant Small Refinery Exemptions (SREs) for the 2025 compliance year. According to Delek US, the decision supports American jobs, enables increased capital investment in its refineries in Arkansas, Texas and Louisiana, and helps maintain reliable, affordable energy while strengthening U.S. energy infrastructure.
Delek Logistics Partners (NYSE: DKL) closed its previously announced underwritten public offering of 4,600,000 common units, including 600,000 from the underwriters’ option, at $50.00 per unit. The partnership expects approximately $220.8 million in gross proceeds, after underwriting fees and commissions and before other offering expenses.
According to Delek Logistics, proceeds will be used to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes. Delek US Holdings (NYSE: DK) did not purchase units, reducing its ownership in Delek Logistics from 63.0% to approximately 58.0%. Truist Securities, Mizuho and Raymond James acted as joint book-running managers.
Delek Logistics Partners (NYSE: DKL) priced an underwritten public offering of 4,000,000 common units at $50.00 per unit under its effective shelf registration. The partnership granted underwriters a 30‑day option to buy up to 600,000 additional units.
Delek Logistics plans to use net proceeds to repay borrowings under its revolving credit agreement and for general partnership purposes. Delek US Holdings will not purchase units, and its ownership is expected to fall from 63.0% to about 58.0%, assuming full exercise of the underwriters’ option. Closing is expected on August 14, 2026, subject to customary conditions.
Delek Logistics Partners (NYSE: DKL) has commenced an underwritten public offering of $175 million of common units representing limited partner interests, under an effective shelf registration statement filed with the SEC. The partnership intends to grant underwriters a 30-day option to purchase up to an additional $26.25 million of common units.
According to Delek Logistics, net proceeds, including any from the underwriters’ option, are expected to be used to repay borrowings under its revolving credit agreement and for general partnership purposes. The offering’s completion, size and terms remain subject to market and other conditions.
Delek Logistics (NYSE: DKL) reported second quarter 2026 net income of $28.9 million, or $0.54 per diluted unit, versus $44.6 million or $0.83 a year earlier. EBITDA was $120.0 million and Adjusted EBITDA rose to $143.5 million from $127.4 million, supported mainly by the DPG business and higher margins and interest income related to sales-type leases.
Distributable cash flow, as adjusted, increased to $80.5 million, while net cash from operating activities declined to $71.2 million from $107.4 million. The partnership declared its 54th consecutive quarterly distribution increase to $1.135 per unit, up 1.8% year over year, payable August 10, 2026. Delek Logistics reaffirmed 2026 EBITDA guidance of $520–$560 million, reported total debt of about $2.4 billion, cash of $13.7 million, and a leverage ratio of roughly 4.23x with $1.1 billion of available revolver capacity. The company highlighted near-completion of its integrated sour gas system at the Libby Complex and record crude oil gathered volumes at DDG.