Delek Logistics Partners, LP: insider trades · United States · SEC (Form 4)

About Delek Logistics Partners, LP

Delek Logistics Partners, LP (NYSE: DKL) is a U.S.-listed midstream energy master limited partnership headquartered in Plano, Texas, United States. The company was formed in 2012 by Delek US Holdings, Inc. and is designed to own, operate, acquire, and develop logistics and marketing assets across the energy value chain. For international investors, DKL is best viewed as an infrastructure-oriented energy company rather than an upstream producer: its cash flows are driven primarily by contracted or fee-based services tied to volumes, capacity, and network utilization. Delek Logistics operates a diversified midstream platform spanning crude oil, refined products, natural gas, and water. Its core activities include gathering, transporting, storing, and marketing crude oil and refined products, as well as gathering and processing natural gas. The company also provides storage, wholesale marketing, and terminalling services for intermediate and finished petroleum products, plus water disposal and recycling services. Management highlights a footprint of roughly 1,188 miles of crude and refined product pipelines, more than 200 MMcf/d of gas processing capacity, about 1.55 million barrels per day of water disposal capacity, and 9 light-product distribution terminals. Geographically, DKL is concentrated in the Permian Basin and Delaware Basin, with additional exposure to selected Gulf Coast regions and the broader U.S. Southwest. The company’s assets support Delek US refining and marketing operations in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana, while also serving an expanding third-party customer base. That mix is important strategically: while the Delek US relationship remains meaningful, DKL has been steadily increasing its economic separation and growing EBITDA from third-party sources, which improves diversification and reduces dependence on a single counterparty. From a competitive standpoint, Delek Logistics benefits from an integrated regional network, midstream scale in key U.S. basins, and a multi-service offering that combines crude, gas, products, and water infrastructure. The company’s strategy has centered on targeted organic projects, pipeline joint ventures, and acquisitions that deepen its corridor connectivity. Recent corporate developments have been material. In April 2026, Delek Logistics reported first-quarter 2026 results with adjusted EBITDA of $132.3 million, continued execution across crude, gas, and water segments, and reiterated its 2026 EBITDA guidance. The company also completed its first acid gas injection well at the Libby Gas Complex and extended borrowing capacity through a new revolving credit facility. In June 2025, DKL closed an upsized $700 million senior notes offering, reinforcing liquidity and funding capacity. Overall, Delek Logistics presents as a disciplined midstream platform with growing third-party exposure, a strong distribution profile, and a clear strategic focus on U.S. energy infrastructure.