Form 4: Delek Logistics Partners Unit Repurchase and Asset Sale

Delek US Holdings reports the repurchase of 243,075 common units and a $19 million asset transaction with Delek Logistics Partners.

Summary

• Delek Logistics Partners, LP repurchased 243,075 common units from Delek US Holdings, Inc. for $10.0 million on March 17, 2025, which were subsequently retired.
• Delek Logistics Partners, LP acquired a Tyler refinery tank from Delek US Holdings, Inc. on April 1, 2026, for a purchase price of $19.0 million, settled via the transfer of 359,372 common units.
• Following these transactions, Delek US Holdings maintains beneficial ownership of 33,508,831 common units in Delek Logistics Partners, LP.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing confirming previously announced corporate actions.

Positives

• The repurchase and retirement of 243,075 common units by Delek Logistics Partners may be accretive to remaining unitholders.
• The transaction involving the Tyler refinery tank demonstrates ongoing operational integration and asset optimization between the parent company and the partnership.

Negatives

• The transactions represent a reduction in the direct equity stake held by the parent company in the partnership.

Risks

• Concentration risk remains as Delek US Holdings continues to hold a significant majority interest in Delek Logistics Partners.
• Operational risks associated with the transfer and management of refinery assets.

Future Outlook

The filing does not provide forward-looking guidance beyond confirming the completion of previously disclosed transactions.

Management Comments

• The transactions were previously disclosed in the Delek Logistics Partners, LP Annual Report on Form 10-K filed on February 27, 2026.

Industry Context

StockSavvy.ai notes that these transactions are typical of Master Limited Partnership (MLP) structures where the parent company and the partnership engage in asset drop-downs or unit buybacks to optimize capital structure and operational efficiency.

Comparison to Industry Standards

• The use of common units as currency for asset acquisitions is a standard practice in the midstream energy sector to preserve cash liquidity.
• Unit repurchases are a common mechanism for MLPs to return capital to stakeholders or manage unit count.

Related Party Transactions

• Repurchase of 243,075 common units from Delek US Holdings by Delek Logistics Partners.
• Sale of a Tyler refinery tank from Delek US Holdings to Delek Logistics Partners for $19.0 million.

Stakeholder Impact

• Shareholders of Delek Logistics Partners may see a slight increase in earnings per unit due to the reduction in outstanding units.
• Delek US Holdings maintains its controlling interest in the partnership.

Next Steps

• No further actions mentioned.

Key Dates

Keywords

Delek Logistics Partners, DKL, Delek US Holdings, Unit Repurchase, Asset Sale, SEC Form 4, Beneficial Ownership