secwatch.observer — SEC 8-K summary
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Issuer:     Delek Logistics Partners, LP (DKL)
CIK:        0001552797
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001552797-25-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delek Logistics Q1 2025 Adj EBITDA $116.5M (+15% YoY), distribution raised to $1.110/unit
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- Net income $39.0M ($0.73/diluted unit); distributable cash flow $75.1M vs $68.0M YoY.
- Adjusted EBITDA $116.5M, up 15% on Gravity acquisition and higher throughput; full-year guidance reaffirmed at $480-$520M.
- Distribution increased 0.5% QoQ to $1.110/unit, payable May 15, 2025; 49th consecutive increase.
- Closed Gravity Water Midstream acquisition Jan 2, 2025, performing above expectations; third-party EBITDA now ~80%.
- Bought back $10M of DKL units under $150M authorization; leverage ratio 4.21x with $444.9M revolver capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552797/000155279725000051/0001552797-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552797/000155279725000051/dkl-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001552797-25-000051

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