Highest-materiality recent filing
Delek Logistics issues $800M 6.875% senior notes due 2034; closes tender for $270.7M of 2028 notes
Issued $800M aggregate principal of 6.875% senior notes due June 1, 2034; interest payable semi-annually starting Dec 1, 2026.
Delek Logistics prices $800M of 6.875% notes due 2034, plans to redeem higher-rate debt
Priced $800M aggregate principal of 6.875% senior notes due 2034 at par; expected to close May 14, 2026.
Delek Logistics launches tender for 7.125% notes due 2028, proposes $800M new notes due 2034
Tender offer for any and all 7.125% Senior Notes due 2028 at $1,001.35 per $1,000 principal plus accrued interest.
Delek Logistics Partners reports Q1 2026 net income of $32.4M, adjusted EBITDA $132.3M
Net income of $32.4 million ($0.60 per unit) and adjusted EBITDA of $132.3 million for Q1 2026.
Delek Logistics raises Q1 2026 distribution to $1.13/unit, payable May 11
Quarterly distribution increased to $1.13 per common unit ($4.52 annualized).
Delek US Holdings appoints Amber Russell as EVP Refining; Joseph Israel departs
Amber Russell appointed EVP, Refining effective April 20, 2026, succeeding Joseph Israel.
Delek Logistics enters new $1.3B revolving credit facility, replacing prior credit agreement
New $1.3B Revolving Facility with $150M LC subfacility and $50M swingline; replaces $1.0B prior facility.
Net income of $47.3M ($0.88/unit) vs $35.3M ($0.68/unit) in Q4 2024.
Delek Logistics increases quarterly distribution to $1.125/unit ($4.50 annualized)
Quarterly distribution of $1.125 per common unit declared for Q4 2025, annualized to $4.50.
Net income $45.6M ($0.85/unit) vs $33.7M ($0.71) in Q3 2024; record crude gathering volumes in Delaware.
Delek Logistics increases Q3 2025 distribution to $1.120/unit, payable Nov 13
Declared quarterly cash distribution of $1.120 per common unit ($4.48 annualized).
Delek Logistics Q2 2025: net income $44.6M; Adjusted EBITDA up 18% to $120.9M
Diluted EPS of $0.83 vs $0.87 YoY; net income $44.6M includes $2.5M transaction costs.
Delek Logistics increases quarterly distribution to $1.115/unit for Q2 2025
Quarterly distribution of $1.115 per common unit ($4.46 annualized) declared.
Delek Logistics closes upsized $700M 7.375% senior notes due 2033; liquidity exceeds $1B
Issued $700M aggregate principal of 7.375% senior notes due June 30, 2033.
Delek Logistics prices $700M 7.375% senior notes due 2033 to repay credit facility
Priced $700 million aggregate principal of 7.375% senior notes due 2033 at par.
DKL proposes $500M senior notes offering due 2033; proceeds to repay credit facility
Offering of $500 million aggregate principal amount of senior notes due 2033.
Delek Logistics Q1 2025 Adj EBITDA $116.5M (+15% YoY), distribution raised to $1.110/unit
Net income $39.0M ($0.73/diluted unit); distributable cash flow $75.1M vs $68.0M YoY.
Delek Logistics increases quarterly distribution to $1.11 per unit for Q1 2025
Distribution increased to $1.11 per common unit ($4.44 annualized).
Robert Wright named EVP & CFO of Delek Logistics; promotion at Delek US Holdings planned Nov 2025
Wright becomes EVP and CFO of Delek Logistics Partners, effective April 1, 2025.
Delek Logistics releases new investor presentation effective April 1, 2025
Senior management of Delek Logistics GP, LLC, will begin using updated investor presentation materials.
Q4 net income $35.3M, distributable cash flow as adjusted $69.5M, distribution raised to $1.105/unit (4.7% YoY increase).
Reuven Spiegel, EVP and CFO, also becomes EVP, Delek Logistics effective Feb 12, 2025; will step down as CFO on March 1, 2025.
Delek Logistics increases Q4 2024 distribution to $1.105/unit ($4.42 annualized)
Quarterly cash distribution of $1.105 per common unit declared for Q4 2024.
Delek Logistics closes $285M acquisition of Gravity Water Midstream in Permian Basin
Closed acquisition of Gravity Water Intermediate Holdings for $285M on Jan 2, 2025; paid $209.3M cash and 2.175M DKL units.
Delek Logistics announces $285M acquisition of Gravity Water, AGI project, and acreage expansion
Acquires Gravity Water Midstream for $285M ($200M cash + $85M in DKL common units), expected close early 2025.
Delek Logistics Q3 record Adj EBITDA $106.8M (+9% YoY); distribution raised to $1.10/unit
Net income $33.7M ($0.71 diluted unit) vs $34.8M ($0.80) in Q3 2023.
Delek Logistics declares Q3 2024 distribution of $1.10/unit, payable Nov 14
Quarterly distribution of $1.10 per common limited partner unit ($4.40 annualized).
Issued 4,423,075 common units including 576,922 from full exercise of underwriters' option, at $39.00 per unit.
Delek Logistics Partners launches public offering of 3.85M common units at $39.00/unit
Underwriters to sell 3,846,153 common units at $39.00/unit; gross proceeds ~$150M.
Delek Logistics Prices 3.85M Common Units at $39/Unit in Underwritten Offering
Offering of 3,846,153 common units at $39.00 per unit; underwriters have 30-day option for 576,922 additional units.
Announced underwritten public offering of $150,000,000 of common units; option for additional $22,500,000.
Delek Logistics closes $230M acquisition of H2O Midstream; $160M cash + $70M convertible preferred
Acquisition of H2O Midstream water gathering, recycling, and disposal assets in Permian Basin closed on September 11, 2024.
Delek Logistics issues additional $200M of 8.625% senior notes due 2029
Issued $200M additional 8.625% senior notes due 2029, priced at par, fungible with existing $850M notes.
Delek Logistics prices upsized $200M offering of 8.625% senior notes due 2029
Upsized private offering of $200M in additional 8.625% senior notes due 2029 (upsized from $100M).
Delek Logistics plans $100M add-on offering of 8.625% senior notes due 2029
Issuers intend to offer $100M aggregate principal of additional 8.625% senior notes due 2029.
Delek Logistics to buy H2O Midstream Permian water assets for $230M
Purchase price $230M, paid in cash and preferred equity interests of the Partnership.
Delek Logistics Q2 net income $41.1M, EBITDA $102.4M; announces $230M H2O Midstream acquisition
Net income $41.1M ($0.87/diluted unit) vs $31.9M ($0.73) in Q2 2023.
Delek Logistics increases quarterly distribution to $1.09/unit, annualized $4.36
Quarterly distribution of $1.09 per common unit declared for Q2 2024.
Delek Logistics Q1 2024: net income $32.6M ($0.73/unit), EBITDA $101.5M, distribution $1.07/unit
Net income attributable to all partners of $32.6M ($0.73/diluted unit) vs $37.4M ($0.86) in Q1 2023.
Delek Logistics increases quarterly distribution to $1.07/unit, files $500M shelf registration
Q1 2024 cash distribution raised 4.4% to $1.07/unit ($4.28 annualized), up from $1.025/unit in Q1 2023.
Mr. Wright will continue to serve in his current role at the Company until November 15, 2025, at which time Mr. Wright will also be promoted to Executive Vice President of the Company.
Robert Wright, the Senior Vice President, Deputy Chief Financial Officer, and Chief Accounting Officer of the Company and the Partnership, will serve in addition as Executive Vice President and Chief Financial Officer of the Partnership, effective April 1, 2025.
(As previously announced, Mr. Spiegel will transition from his role as Chief Financial Officer on March 1, 2025.)
Mr. Spiegel succeeds Odely Sakazi, who departed the Partnership on February 12, 2025.
On February 19, 2025, Delek Logistics Partners, LP (the “Partnership”) announced that Reuven Spiegel, the Partnership’s Executive Vice President and Chief Financial Officer, will also serve as the Executive Vice President, Delek Logistics, effective February 12, 2025.
Max materiality 0.85 · Median 0.60 · Most common event debt