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Delek US (NYSE: DKL) details 63% stake, unit buybacks and asset deal

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • None.
Beneficial ownership 33,508,831 common units Units beneficially owned by Delek US and Delek US Energy
Ownership percentage 63.0% Portion of 53,168,204 outstanding units as of April 2, 2026
Direct holdings (Delek Logistics Services) 10,462,963 common units Represents 19.7% of outstanding units
Total units outstanding 53,168,204 common units Outstanding as of April 2, 2026
Unit repurchase size 243,075 common units Repurchased March 17, 2025 for $10.0M and cancelled
Repurchase value $10.0 million Consideration paid by issuer for 243,075 units
Asset-for-units exchange 359,372 common units; $19.0 million Tyler refinery tank purchase on April 1, 2026; units cancelled
Common Units Representing Limited Partner Interests financial
"Title of Class of Securities: Common Units Representing Limited Partner Interests"
beneficial owner financial
"Delek Services is the record and beneficial owner of 10,462,963 Common Units"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Common Unit Purchase Agreement financial
"pursuant to that certain Common Unit Purchase Agreement (the "Purchase Agreement") dated as of February 24, 2025"
Asset Purchase Agreement financial
"pursuant to an asset purchase agreement dated January 30, 2026, by and between Delek and the Issuer"
An asset purchase agreement is a legal contract in which a buyer agrees to buy specific assets and contracts of a business rather than buying the company’s stock or ownership. It matters to investors because it determines exactly what is being bought and what liabilities stay behind — like buying the furniture and equipment from a store but not the building or past debts — which affects the deal’s value, taxes and future risk exposure.
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Percent of class financial
"Percent of class represented by amount in Row (11) 63.0 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.





24664T103

(CUSIP Number)
Denise McWatters
310 Seven Springs Way, Suite 500,
Brentwood, TN, 37027
(615) 771-6701

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
04/01/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Based on 53,168,204 Common Units issued and outstanding as of April 2, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Based on 53,168,204 Common Units issued and outstanding as of April 2, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Based on 53,168,204 Common Units issued and outstanding as of April 2, 2026.


SCHEDULE 13D


Delek US Holdings, Inc.
Signature:/s/ Denise McWatters
Name/Title:Executive Vice President, General Counsel and Corporate Secretary
Date:04/03/2026
Delek US Energy, Inc.
Signature:/s/ Denise McWatters
Name/Title:Executive Vice President, General Counsel and Corporate Secretary
Date:04/03/2026
Delek Logistics Services Co
Signature:/s/ Denise McWatters
Name/Title:Executive Vice President, General Counsel and Corporate Secretary
Date:04/03/2026