SCHEDULE: Delek Logistics Partners LP: Ownership Update

Delek US Holdings, Inc. and its subsidiaries report a significant beneficial ownership stake of 63.0% in Delek Logistics Partners, LP, totaling 33,508,831 common units.

Summary

• This filing is an amendment to a Schedule 13D, reporting changes in beneficial ownership of Delek Logistics Partners, LP common units.
• Delek US Holdings, Inc. (and its subsidiaries Delek US Energy, Inc. and Delek Logistics Services Co.) collectively hold a significant ownership stake.
• As of April 2, 2026, there were 53,168,204 common units outstanding.
• Delek US Holdings, Inc. beneficially owns 33,508,831 common units, representing 63.0% of the outstanding units.
• Delek Logistics Services Co. directly holds 10,462,963 common units, representing 19.7% of the outstanding units.
• Delek US Energy, Inc. holds 23,045,868 common units and, as the sole stockholder of Delek Logistics Services Co., is deemed to beneficially own an additional 10,462,963 units, totaling 33,508,831 units (63.0%).
• Delek US Holdings, Inc., as the sole stockholder of Delek US Energy, Inc., is deemed to beneficially own the 33,508,831 units held by Delek US Energy, Inc.
• The filing also details two transactions: a repurchase of 243,075 common units by the Issuer from Delek Services for $10.0 million on March 17, 2025, and an asset purchase where Delek purchased a refinery tank from the Issuer for 359,372 common units on April 1, 2026.
• Several key individuals within Delek US Holdings, Inc. also beneficially own a small number of common units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily reporting on ownership changes and related-party transactions without significant positive or negative financial disclosures.

Positives

• Delek US Holdings, Inc. maintains a controlling stake in Delek Logistics Partners, LP, indicating continued strategic alignment and influence.
• The transactions described, while involving unit repurchases and issuances, appear to be part of ongoing operational adjustments rather than distress signals.

Negatives

• The repurchase of common units by the Issuer from Delek Services on March 17, 2025, for $10.0 million, reduces the number of units held by a related party, which could be viewed neutrally or slightly negatively depending on the context of the repurchase.
• The issuance of 359,372 common units by Delek to the Issuer on April 1, 2026, as consideration for an asset purchase, dilutes the ownership percentage of other unitholders, including Delek's consolidated stake, albeit slightly.

Risks

• Potential conflicts of interest between Delek US Holdings, Inc. and Delek Logistics Partners, LP due to the significant ownership and related party transactions.
• The ongoing nature of related party transactions, such as asset purchases and unit repurchases, could be subject to scrutiny regarding fairness and valuation.

Future Outlook

The filing primarily reports on past transactions and current ownership levels. It does not contain explicit forward-looking statements or guidance regarding future performance or strategy of Delek Logistics Partners, LP.

Industry Context

StockSavvy.ai notes that this filing reflects the ongoing consolidation and strategic alignment within the energy infrastructure sector, where parent companies often maintain significant stakes in their publicly traded master limited partnerships (MLPs) for operational and financial synergy.

Related Party Transactions

• On March 17, 2025, the Issuer repurchased 243,075 Common Units from Delek Services for $10.0 million.
• On April 1, 2026, Delek purchased a Tyler refinery tank from the Issuer for 359,372 Common Units, valued at $19.0 million.

Stakeholder Impact

• Shareholders of Delek Logistics Partners, LP: The filing confirms Delek US Holdings' significant control, which may influence strategic decisions. The unit issuance for the asset purchase represents a minor dilution.
• Delek US Holdings, Inc. and its subsidiaries: The filing consolidates their substantial beneficial ownership and outlines their role in related-party transactions.
• Other common unitholders: The transactions and ownership structure are relevant to their investment in Delek Logistics Partners, LP.

Key Dates

Keywords

Delek Logistics Partners, Delek US Holdings, Schedule 13D, Beneficial Ownership, Common Units, Limited Partner Interests, SEC Filing, Amendment, Energy Infrastructure, Midstream