secwatch.observer — SEC 8-K summary
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Issuer:     Delek Logistics Partners, LP (DKL)
CIK:        0001552797
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001552797-25-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delek Logistics reports record Q4 2024 Adjusted EBITDA of $107.2M, announces $150M unit repurchase from sponsor
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- Q4 net income $35.3M, distributable cash flow as adjusted $69.5M, distribution raised to $1.105/unit (4.7% YoY increase).
- FY 2025 Adjusted EBITDA guidance of $480–$520M, capex $220–$250M, coverage ratio ~1.3x by year end.
- Company entered $150M common unit repurchase agreement with sponsor Delek US Holdings; buys at 30-day VWAP through Dec 2026.
- Pro forma third-party EBITDA contribution ~70% after Gravity Water Midstream acquisition closed Jan 2025.
- Fourth quarter Adjusted EBITDA up 6% YoY driven by Permian assets, H2O Midstream, and W2W pipeline dropdown.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552797/000155279725000016/0001552797-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552797/000155279725000016/dkl-20250224.htm
  HTML page:      https://secwatch.observer/filing/0001552797-25-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer