Delek Logistics Partners, LP (NYSE: DKL) has closed its underwritten public offering of 4,600,000 common units representing limited partner interests in the company at a price of $50.00 per unit. The final count includes 600,000 common units sold pursuant to the full exercise of the underwriters' option to purchase additional units. The transaction yields gross proceeds of approximately $220.8 million, after underwriting fees and commissions but before other offering-related expenses.

The company intends to use the net proceeds to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes. The offering was conducted pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (SEC).

Ownership Dilution

None of the common units sold in the offering were purchased by parent company Delek US Holdings, Inc. (NYSE: DK). As a result, Delek Holdings' ownership of outstanding Delek Logistics common units declined from 63.0% prior to the offering to approximately 58.0% following the closing.

Offering Details

Truist Securities, Inc., Mizuho, and Raymond James & Associates, Inc. acted as joint book-running managers for the offering. Investors may obtain copies of the prospectus supplement and accompanying base prospectus from the underwriters:

• Truist Securities, Inc.: 740 Battery Ave SE, 3rd Floor, Atlanta, Georgia 30339; Attention: Equity Capital Markets; Email: TruistSecurities.prospectus@Truist.com
• Mizuho: 1271 Avenue of the Americas, 3rd Floor, New York, NY 10020; Attention: Equity Capital Markets; Email: us-ecm@mizuhogroup.com
• Raymond James & Associates, Inc.: 880 Carillon Parkway, St. Petersburg, Florida 33716; Attention: Equity Syndicate; Email: prospectus@raymondjames.com

These documents are also available for free on the SEC’s website at www.sec.gov when available.

About Delek Logistics Partners, LP

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, Delek Logistics provides gathering, pipeline and other transportation services primarily for crude oil and natural gas customers, storage, wholesale marketing and terminalling services primarily for intermediate and refined product customers, and water disposal and recycling services.

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

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.