BRENTWOOD, Tenn., Oct. 25, 2022 /PRNewswire/ — Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) at this time declared its quarterly money distribution for the third quarter 2022 of $0.99 per frequent restricted associate unit, or $3.96 per frequent restricted associate unit on an annualized foundation. This distribution represents a 0.5 p.c improve from the distribution for the second quarter 2022 of $0.985 per frequent restricted associate unit ($3.94 per frequent restricted associate unit annualized) and a 4.2 p.c improve over Delek Logistics’ distribution for the third quarter 2021 of $0.95 per frequent restricted associate unit ($3.80 per frequent restricted associate unit annualized). The third quarter 2022 money distribution is payable on November 10, 2022 to unitholders of document on November 4, 2022.
“This distribution marks 39 consecutive quarters of increasing the quarterly payout to our unitholders since the fourth quarter 2012. Elevated refining margins are driving strong refinery utilization rates within the industry, thereby creating demand for midstream infrastructure. Our outlook remains robust with momentum in our legacy Delek Permian Gathering business, in addition to the integration of the recently acquired 3 Bear assets. We see opportunities to continue growing our business and returning cash to shareholders,” stated Avigal Soreq, President of Delek Logistics.
About Delek Logistics Partners, LP
Delek Logistics Partners, LP is a midstream vitality grasp restricted partnership headquartered in Brentwood, Tennessee. Through its owned belongings and joint ventures positioned primarily in and across the Permian Basin, the Delaware Basin and different choose areas within the Gulf Coast area and giving impact to the three Bear acquisition, Delek Logistics Partners, LP gives gathering, pipeline and different transportation providers primarily for crude oil and pure fuel prospects, storage, wholesale advertising and terminalling providers primarily for intermediate and refined product prospects, and water disposal and recycling providers. Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) owns the final associate curiosity in addition to a majority restricted associate curiosity in Delek Logistics Partners, LP, and can also be a major buyer.
Safe Harbor Provisions Regarding Forward-Looking Statements
This press launch accommodates forward-looking statements which might be based mostly upon present expectations and contain a lot of dangers and uncertainties. Statements relating to Delek Logistics’ future distributions, together with the quantities and timing thereof, utilization charges and different statements regarding present estimates, expectations and projections about future outcomes, efficiency, prospects, alternatives, plans, actions and occasions and different statements, issues, or issues that aren’t historic information are “forward-looking statements,” inside the that means of federal securities legal guidelines. Investors are cautioned that the next vital components, amongst others, could have an effect on these forward-looking statements: the truth that a considerable majority of Delek Logistics’ contribution margin is derived from Delek US, thereby subjecting it to Delek US’ business dangers; dangers and uncertainties associated to the results of the COVID-19 pandemic; dangers and prices relating to the upkeep age and operational hazards of our belongings together with, with out limitation, prices, penalties, regulatory or authorized actions and different results associated to releases, spills and different hazards inherent in transporting and storing crude oil and intermediate and completed petroleum merchandise; the affect of opposed market situations affecting the business of Delek Logistics, together with margins generated by its wholesale gasoline business; opposed modifications in legal guidelines together with with respect to tax and regulatory issues and different dangers as disclosed in our annual report on Form 10-Ok, quarterly reviews on Form 10-Q and different reviews and filings with the United States Securities and Exchange Commission.
Forward-looking statements are based mostly on data accessible on the time and/or administration’s good religion perception with respect to future occasions, and are topic to dangers and uncertainties that might trigger precise outcomes to differ materially from these expressed within the statements. There could be no assurance that precise outcomes won’t differ from these anticipated by administration or described in forward-looking statements. Delek Logistics undertakes no obligation to replace or revise such forward-looking statements to mirror occasions or circumstances that happen, or which Delek Logistics turns into conscious of, after the date hereof.
Tax Considerations
This launch is meant to be a professional discover underneath Treasury Regulation Section 1.1446-4(b)(4) and (d). Please word that 100% of Delek Logistics Partners, LP’s distributions to overseas traders are attributable to revenue that’s successfully related with a United States commerce or business. Accordingly, all of Delek Logistics Partners, LP’s distributions to overseas traders are topic to federal revenue tax withholding on the highest relevant efficient tax price for people or firms, as relevant. Nominees, and never Delek Logistics Partners, LP, are handled because the withholding brokers liable for withholding on the distributions obtained by them on behalf of overseas traders.
Information about Delek Logistics Partners, LP could be discovered on its web site (www.deleklogistics.com), investor relations webpage (https://www.deleklogistics.com/investor-relations), information webpage (https://www.deleklogistics.com/news-releases) and its Twitter account (@DelekLogistics).
SOURCE Delek Logistics
