Delek Logistics Partners, LP filings document the regulatory record of a Delaware limited partnership with common units representing limited partner interests listed on the New York Stock Exchange. Recent Form 8-K disclosures cover operating results, quarterly distributions, Regulation FD materials, senior note tender and offering activity, and leverage-related information furnished in connection with capital-market communications.
The filings also describe material definitive agreements, including revolving credit arrangements, and governance matters involving executive-officer changes affecting Delek Logistics. Its SEC record ties capital-structure disclosures to Delek Logistics Finance Corp., a wholly owned subsidiary, and to the partnership’s midstream assets, joint ventures, Delek US ownership relationship and customer exposure.
Delek Logistics Partners, LP launched a cash tender offer for any and all of its 7.125% Senior Notes due 2028 and announced a proposed $800 million private offering of new senior notes due 2034. Noteholders who tender by 5:00 p.m. New York City time on May 11, 2026 and are accepted will receive $1,001.35 per $1,000.00 principal amount plus accrued interest, with settlement expected on May 14, 2026, subject to conditions.
The tender offer depends on completing the concurrent bond offering and receiving sufficient net proceeds, together with other liquidity, to fund purchases and related fees. Delek Logistics expects to use the new 2034 notes to repurchase or redeem all 7.125% 2028 notes, redeem a portion of its 8.625% Senior Notes due 2029, and pay premiums, fees and expenses, with any remaining proceeds for general corporate purposes.
Delek Logistics Partners reported softer Q1 2026 results as higher costs and interest expense offset strong revenue growth. Net revenues rose to $297.5 million from $249.9 million, driven by expanded gathering and processing activity, West Texas marketing, and higher affiliate lease revenue.
Net income declined to $32.4 million from $39.0 million as depreciation and amortization increased to $36.5 million following gas plant expansions and additional leased equipment, and interest expense grew to $51.6 million due to higher debt levels. EBITDA edged up to $94.9 million from $92.2 million, reflecting underlying operating strength despite higher non-cash charges.
Operating cash flow jumped to $170.4 million from $31.6 million, helped by favorable working capital movements, while regulatory and sustaining capital spending was $8.3 million. Long-term debt stood at $2.31 billion, including 2028, 2029 and 2033 senior notes, with the partnership remaining in covenant compliance.
The partnership refinanced its credit facilities with a new $1.3 billion revolving credit agreement maturing as late as March 2031 and continued to execute its Permian-focused growth strategy, including sour gas and AGI investments at the Libby plant. A quarterly cash distribution of $1.130 per unit, or about $60.5 million in total, was declared for Q1 2026.
Delek Logistics Partners, LP reported first quarter 2026 net income of $32.4 million, or $0.60 per diluted unit, on net revenues of $297.5 million. EBITDA was $94.9 million and Adjusted EBITDA rose to $132.3 million from $123.2 million a year earlier.
Net cash provided by operating activities increased to $170.4 million, while distributable cash flow, as adjusted, was $72.4 million versus $75.1 million in first quarter 2025, mainly due to Winter Storm Fern. The partnership reaffirmed 2026 Adjusted EBITDA guidance of $520–$560 million and declared its 53rd consecutive quarterly distribution increase to $1.130 per unit. Total debt was about $2.3 billion with a leverage ratio of 4.05x, supported by an expanded revolving credit facility and continued growth in gathering, processing, and sales-type lease income.
Delek Logistics Partners, LP declared a higher quarterly cash distribution for the first quarter of 2026, increasing the payout to $1.13 per common limited partner unit, or $4.52 per unit on an annualized basis.
The distribution will be paid on May 11, 2026 to unitholders of record on May 4, 2026. Delek Logistics is a midstream energy master limited partnership providing gathering, pipeline, transportation, storage, marketing, terminalling, water disposal and recycling services, primarily in the Permian Basin, Delaware Basin and Gulf Coast region.
The partnership also notes that 100% of its distributions to foreign investors are treated as income effectively connected with a U.S. trade or business and are subject to U.S. federal withholding tax at the highest applicable rate.
Delek Logistics Partners (DKL) Schedule 13G/A reports that ALPS Advisors, Inc. and the Alerian MLP ETF hold large passive stakes in the partnership. ALPS Advisors, Inc. reports 4,575,667 common units (8.55%) and Alerian MLP ETF reports 4,536,265 common units (8.48%) as of 03/31/2026. The filing states the units are owned by investment funds advised by ALPS Advisors and that ALPS disclaims beneficial ownership; Alerian MLP ETF is one such fund. The form is signed by Matthew Sutula, Chief Compliance Officer.
Delek US Holdings and its subsidiaries report beneficial ownership of 33,508,831 common units of Delek Logistics Partners, equal to 63.0% of the 53,168,204 units outstanding as of April 2, 2026. Delek Logistics Services directly holds 10,462,963 units, or 19.7% of the outstanding class.
The filing also describes related-party transactions. On March 17, 2025, the partnership repurchased 243,075 common units from Delek for $10.0 million and cancelled them. On April 1, 2026, Delek acquired a Tyler refinery tank from the partnership in exchange for 359,372 common units valued at $19.0 million, which were likewise cancelled.
Delek Logistics Partners, LP entered into a new senior secured credit agreement providing a revolving credit facility of up to $1.3 billion. This facility replaces the partnership’s prior revolving credit and term loan agreement and extends borrowing capacity under updated terms and covenants.
The revolving facility, which includes sublimits for letters of credit and swingline loans and an accordion feature for additional commitments, matures on the earliest of March 26, 2031 or specified dates tied to the partnership’s 8.625% senior notes due 2029 and certain termination events. Borrowings may be used to refinance prior debt, fund working capital, capital expenditures, permitted acquisitions and investments, and other general partnership purposes allowed under the agreement.
Borrowings bear interest at either a base rate or a term SOFR-based rate plus margins that vary with the partnership’s total leverage ratio, and unused commitments are subject to a commitment fee. The obligations are secured by first-priority liens on substantially all tangible and intangible assets of the partnership and guarantors. On March 26, 2026, all outstanding indebtedness under the prior credit agreement was repaid using borrowings under the new facility.
Delek Logistics Partners, LP president Avigal Soreq received an equity grant of 21,218 common units as time-vesting restricted stock units that vest over three years. On the same date, 2,201 common units were withheld at $53.02 per unit to cover tax obligations upon vesting of equity awards, leaving him with 83,928 common units held directly.
Delek Logistics Partners, LP executive reports routine tax withholding transaction. EVP, General Counsel & Corporate Secretary Denise Clark McWatters had 1,439 Common Units disposed on tax-withholding at an indicated price of $53.02 per unit. These units were withheld to cover taxes upon vesting of equity awards.
After this non-market transaction, she directly holds 15,827 Common Units. The filing reflects compensation-related share withholding rather than an open-market purchase or sale.
Delek Logistics Partners EVP Mark Wayne Hobbs reported routine equity compensation and related tax withholding. He received a grant of 4,715 common units in the form of time‑vesting restricted stock units that vest over three years. On the same date, 461 common units were withheld at $53.02 per unit to satisfy tax obligations upon vesting of equity awards. After these transactions, he directly owns 20,475 common units.