Delek Logistics Partners, LP (NYSE: DKL) has commenced an underwritten public offering of $175 million of common units representing limited partner interests in the company. The offering is being conducted pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC).

The company intends to grant the underwriters a 30-day option to purchase up to an additional $26.25 million of common units. A preliminary prospectus supplement relating to the offering will also be filed with the SEC.

Use Of Proceeds

Delek Logistics stated it intends to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional common units, for the following purposes:

• Repayment of outstanding borrowings under its revolving credit agreement.
• General partnership purposes.

Offering Terms And Conditions

The offering is subject to market and other conditions. The company noted that there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Delek Logistics Partners, LP has raised its quarterly cash distribution to $1.135 per common limited partner unit for the second quarter of 2026, amounting to $4.54 per unit on an annualized basis. The distribution is payable on August 10, 2026, to unitholders of record on August 3, 2026. This increase provides unitholders with a higher payout compared to the prior period.

Distribution Details

The following table outlines the key details of the declared distribution:

Company Overview

Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee. Through its owned assets and joint ventures located primarily in and around the Permian Basin, the Delaware Basin, and other select areas in the Gulf Coast region, the partnership provides gathering, pipeline, transportation, and other services. Its operations cover crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling, water disposal, and recycling.

Delek US Holdings, Inc. owns the general partner interest as well as a majority limited partner interest in Delek Logistics and is also a significant customer.