Form 8-K

8-K — Delek Logistics Partners, LP

Accession: 0001628280-26-071295

Filed: 2026-11-06

Period: 2026-11-06

CIK: 0001552797

SIC: 4610 (PIPE LINES (NO NATURAL GAS))

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — dkl-20261106.htm (Primary)

EX-99.1 (dkl-ex991xearningsreleasex.htm)

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8-K

8-K (Primary)

Filename: dkl-20261106.htm · Sequence: 1

dkl-20261106

0001552797false00015527972026-11-062026-11-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

November 6, 2026

Date of Report (Date of earliest event reported)

DELEK LOGISTICS PARTNERS, LP

(Exact name of registrant as specified in its charter)

Delaware

001-35721

45-5379027

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

310 Seven Springs Way, Suite 500

Brentwood Tennessee

37027

(Address of Principal Executive)

(Zip Code)

(615) 771-6701

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Units Representing Limited Partner Interests DKL New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.02 Results of Operations and Financial Condition

On November 6, 2026, Delek Logistics Partners, LP (the "Partnership") announced its financial results for the quarter ended September 30, 2026. The full text of the press release is furnished as Exhibit 99.1 hereto.

The information in the attached Exhibit is being furnished pursuant to Item 2.02 “Results of Operations and Financial Condition” on Form 8-K. The information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, each as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1

Press Release of Delek Logistics Partners announcing financial results issued on November 6, 2026.

104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 6, 2026

DELEK LOGISTICS PARTNERS, LP

By: Delek Logistics GP, LLC

its General Partner

/s/ Robert Wright

Name: Robert Wright

Title: Executive Vice President and Chief Financial Officer

EX-99.1

Filename: dkl-ex991xearningsreleasex.htm · Sequence: 2

Document

Exhibit 99.1

Delek Logistics Reports Third Quarter 2026 Results

•Delek Logistics reported net income of $47.4 million or $0.85 per unit, and adjusted EBITDA of $142.9 million

•Completed the construction of the integrated sour gas processing, treating, and handling solution at the Libby complex, successfully achieving first acid gas injection during the quarter

•Raising full-year 2026 adjusted EBITDA guidance to $530 million – $560 million, driven by strong year-to-date operational performance and including $15 million of contribution from 2026 organic growth projects

•On track to deliver an incremental $60 million of adjusted EBITDA in 2027 from the 2026 growth capital program

•Completed successful equity offering allowing for strengthening of balance sheet, decreasing leverage ratio to 3.85x

•Continued our consistent distribution growth with our 55th consecutive quarterly increase to $1.140/unit

BRENTWOOD, Tenn., November 6, 2026 -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the third quarter 2026.

“Delek Logistics delivered another strong quarter in 2026, underscoring the durability of our integrated crude, gas, and water platform and the growing contribution from third-party cash flows," said Avigal Soreq, President of Delek Logistics’ general partner.

“We have completed the construction of our integrated sour gas system at the Libby Complex and are in the process of commissioning the facilities. With the growing demand for our sour gas treating and acid gas injection capabilities, DKL is increasingly positioned as a differentiated Delaware Basin midstream platform with a clear path to long-term value creation."

“With the confidence in the business, we are increasing our 2026 adjusted EBITDA guidance of $520 to $560 million to $530 to $560 million. In the 2026 guidance we have recognized approximately $15 million of growth related to growth capital spend within the year with an additional $60 million in EBITDA growth expected in 2027 related to this capital spend. This strong adjusted EBITDA growth, coupled with our successful third quarter equity offering and strengthened balance sheet, supports a more diversified cash flow profile and is enabled by disciplined management of liquidity and leverage. As we plan for 2027, we remain focused on executing on growth opportunities and continuing our economic separation and deconsolidation path from our sponsor " Mr. Soreq continued.

Delek Logistics reported third quarter 2026 net income of $47.4 million or $0.85 per diluted common limited partner unit. This compares to net income of $45.6 million, or $0.85 per diluted common limited partner unit, in the third quarter 2025. Net cash provided by operating activities was $187.9 million in the third quarter 2026 compared to $54.9 million in the third quarter 2025. Distributable cash flow, as adjusted was $73.1 million in the third quarter 2026, compared to $74.1 million in the third quarter 2025.

For the third quarter 2026, earnings before interest, taxes, depreciation and amortization ("EBITDA") was $118.5 million compared to $108.5 million in the third quarter 2025. The increase was primarily driven by increased margins in the gathering and processing business. The third quarter 2026 EBITDA included $24.6 million of sales-type lease accounting impacts. For the third quarter 2026, Adjusted EBITDA was $142.9 million compared to $142.5 million in the third quarter 2025.

Distribution and Liquidity

On October 23, 2026, Delek Logistics declared a quarterly cash distribution of $1.140 per common limited partner unit for the third quarter 2026. This distribution will be paid on November 10, 2026 to unitholders of record on November 3, 2026. This represents a 1.8% increase over Delek Logistics’ third quarter 2025 distribution of $1.120 per common limited partner unit.

As of September 30, 2026, Delek Logistics had total debt of approximately $2.1 billion and cash of $49.0 million and a leverage ratio of approximately 3.85x, compared to a leverage ratio of 4.44x as of September 30, 2025. Delek Logistics has full access to and no borrowings from the $1.3 billion third party revolving credit facility.

Consolidated Operating Results

Adjusted EBITDA in the third quarter 2026 was $142.9 million compared to $142.5 million in the third quarter 2025. The $0.4 million increase in Adjusted EBITDA reflects higher margins in the current year.

1 |

Gathering and Processing Segment

Adjusted EBITDA in the third quarter 2026 was $88.4 million compared with $82.8 million in the third quarter 2025. The increase was primarily due to increased margins.

Wholesale Marketing and Terminalling Segment

Adjusted EBITDA in the third quarter 2026 was $20.9 million, compared with third quarter 2025 Adjusted EBITDA of $21.4 million. The decrease was primarily due to the termination of the East Texas marketing agreement with our sponsor, Delek US Holdings and a decrease in wholesale margins.

Storage and Transportation Segment

Adjusted EBITDA in the third quarter 2026 was $19.8 million, compared with $19.3 million in the third quarter 2025.The increase was primarily due to increased volume and margins in our trucking operations.

Investments in Pipeline Joint Ventures Segment

During the third quarter 2026, Adjusted EBITDA from equity method investments was $26.5 million compared to $28.4 million in the third quarter 2025. The decrease was primarily due to a decrease in income from our investments in our Red River and other joint ventures, partially offset by an increase in income from W2W.

Corporate

Adjusted EBITDA in the third quarter 2026 was a loss of $12.7 million compared to a loss of $9.3 million in the third quarter 2025.

Third Quarter 2026 Results | Conference Call Information

Delek Logistics will hold a conference call to discuss its third quarter 2026 results on Friday, November 6, 2026 at 11:30 a.m. Central Time. Investors will have the opportunity to listen to the conference call live by going to www.DelekLogistics.com. Participants are encouraged to register at least 15 minutes early to download and install any necessary software. An archived version of the replay will also be available at www.DelekLogistics.com for 90 days.

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

Safe Harbor Provisions Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns or matters that are not historical facts are “forward-looking statements,” as that term is defined under the federal securities laws. These statements contain words such as “possible,” “believe,” “should,” “could,” “would,” “predict,” “plan,” “estimate,” “intend,” “may,” “anticipate,” “will,” “if,” “expect” or similar expressions, as well as statements in the future tense. Forward-looking statements include, but are not limited to, anticipated performance and financial position; statements regarding future growth at Delek Logistics; distributions and the amounts and timing thereof; potential dropdown inventory; projected benefits of the Delaware Gathering, Permian Gathering, H2O Midstream and Gravity Water Midstream acquisitions; expected earnings or returns from joint ventures or other acquisitions; expansion projects; ability to create long-term value for our unit holders; financial flexibility and borrowing capacity; and distribution growth.

Investors are cautioned that the following important factors, including among others, may affect these forward-looking statements: the fact that a significant portion of Delek Logistics' revenue is derived from Delek US, thereby subjecting us to Delek US' business risks; political or regulatory developments, including tariffs, taxes and changes in governmental policies relating to crude oil, natural gas, refined products or renewables; risks and costs relating to the age and operational hazards of our assets including, without limitation, costs, penalties, regulatory or legal actions and other effects related to releases, spills and other hazards inherent in transporting and storing crude oil and intermediate and finished petroleum products; Delek Logistics' ability to realize cost reductions; the impact of adverse market conditions affecting the utilization of Delek Logistics' assets and business performance, including margins generated by its wholesale fuel business; risks and uncertainties with respect to the possible benefits of the Delaware Gathering, Permian Gathering, H2O Midstream and Gravity transactions, as well as from integration post-closing; risks related to exposure to Permian Basin crude oil, such as supply, pricing, gathering, production and transportation capacity; uncertainties regarding actions by OPEC and non-OPEC oil producing countries impacting crude oil production and pricing; an inability of Delek US to grow as expected as it relates to our potential future growth opportunities, including dropdowns, and other potential benefits; projected capital expenditures; scheduled turnaround activity; the results of our investments in joint ventures; and other risks as disclosed in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports and filings with the United States Securities and Exchange Commission.

Forward-looking statements should not be read as a guarantee of future performance or results and will not be accurate indications of the times at, or by, which such performance or results will be achieved.

2 |

Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Delek Logistics undertakes no obligation to update or revise any such forward-looking statements to reflect events or circumstances that occur, or which Delek Logistics becomes aware of, after the date hereof, except as required by applicable law or regulation.

Non-GAAP Disclosures

Our management uses certain "non-GAAP" operational measures to evaluate our operating segment performance and non-GAAP financial measures to evaluate past performance and prospects for the future to supplement our financial information presented in accordance with United States ("U.S.") Generally Accepted Accounting Principles ("GAAP"). These financial and operational non-GAAP measures are important factors in assessing our operating results and profitability and include:

•Earnings before interest, taxes, depreciation and amortization ("EBITDA") - calculated as net income before interest, income taxes, depreciation and amortization and proportional interest, taxes, depreciation and amortization of equity method investments.

•Adjusted EBITDA - EBITDA adjusted for throughput and storage fees associated with the lease component of commercial agreements subject to sales-type lease accounting and certain identified infrequently occurring items, non-cash items, and items that are not attributable to or indicative of our on-going operations or that may obscure our underlying results and trends.

•Distributable cash flow - calculated as net cash flow from operating activities adjusted for changes in assets and liabilities, maintenance capital expenditures net of reimbursements, sales-type lease receipts, net of income recognized and other adjustments.

•Distributable cash flow, as adjusted - calculated as distributable cash flow adjusted to exclude significant, infrequently occurring transaction costs.

Our EBITDA, Adjusted EBITDA, distributable cash flow and distributable cash flow, as adjusted, measures are non-GAAP supplemental financial measures that management and external users of our consolidated financial statements, such as industry analysts, investors, lenders and rating agencies, may use to assess:

•Delek Logistics' operating performance as compared to other publicly traded partnerships in the midstream energy industry, without regard to historical cost basis or, in the case of EBITDA and Adjusted EBITDA, financing methods;

•the ability of our assets to generate sufficient cash flow to make distributions to our unitholders on a current and on-going basis;

•Delek Logistics' ability to incur and service debt and fund capital expenditures; and

•the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.

We believe that the presentation of these non-GAAP measures provide information useful to investors in assessing our financial condition and results of operations and assists in evaluating our ongoing operating performance and liquidity for current and comparative periods. Non-GAAP measures should not be considered alternatives to net income, operating income, cash flow from operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP. Non-GAAP measures have important limitations as analytical tools, because they exclude some, but not all, items that affect net earnings, net cash provided by operating activities and operating income. These measures should not be considered substitutes for their most directly comparable U.S. GAAP financial measures. Additionally, because EBITDA, Adjusted EBITDA, distributable cash flow and distributable cash flow, as adjusted may be defined differently by other partnerships in our industry, our definitions may not be comparable to similarly titled measures of other partnerships, thereby diminishing their utility. See the accompanying tables in this earnings release for a reconciliation of these non-GAAP measures to the most directly comparable GAAP measures. However, due to the inherent difficulty and impracticability of estimating certain amounts required by U.S. GAAP with a reasonable degree of certainty at this time without unreasonable effort and imprecision, we have not provided a reconciliation of forward-looking Adjusted EBITDA guidance.

3 |

Delek Logistics Partners, LP

Consolidated Balance Sheets (Unaudited)

(In thousands, except unit data)

September 30, 2026 December 31, 2025

ASSETS

Current assets:

Cash and cash equivalents $ 49,001 $ 10,892

Accounts receivable 115,696 114,544

Accounts receivable from related parties 258,701 216,641

Lease receivable - affiliate 39,038 36,362

Inventory 26,615 17,913

Other current assets 5,267 4,416

Total current assets 494,318 400,768

Property, plant and equipment:

Property, plant and equipment 1,990,620 1,827,530

Less: accumulated depreciation (490,113) (403,523)

Property, plant and equipment, net 1,500,507 1,424,007

Equity method investments 345,941 340,070

Customer relationship intangibles, net 216,373 233,022

Other intangibles, net 148,234 137,439

Goodwill 12,203 12,203

Operating lease right-of-use assets 7,978 11,683

Finance lease right-of-use assets 29,138 27,802

Net investment in leases - affiliate 153,797 185,656

Other non-current assets 13,571 6,618

Total assets $ 2,922,060 $ 2,779,268

LIABILITIES AND PARTNERS' (DEFICIT) EQUITY

Current liabilities:

Accounts payable $ 508,529 $ 292,908

Interest payable 36,488 30,557

Excise and other taxes payable 17,205 16,569

Current portion of operating lease liabilities 1,834 3,027

Current portion of finance lease liabilities 10,529 8,310

Accrued expenses and other current liabilities 4,604 5,122

Total current liabilities 579,189 356,493

Non-current liabilities:

Long-term debt, net of current portion 2,125,612 2,344,420

Operating lease liabilities, net of current portion 2,125 3,551

Finance lease liabilities, net of current portion 19,910 20,289

Asset retirement obligations 27,270 24,278

Other non-current liabilities 28,351 24,123

Total non-current liabilities 2,203,268 2,416,661

Total liabilities 2,782,457 2,773,154

Partners' (deficit) equity:

Common unitholders - public; 24,302,578 units issued and outstanding at September 30, 2026 (19,643,923 at December 31, 2025) 705,747 510,376

Common unitholders - Delek Holdings; 33,508,831 units issued and outstanding at September 30, 2026, exclusive of 359,372 issued units held by the Partnership in treasury (33,868,203 issued and outstanding at December 31, 2025) (566,144) (504,262)

Total partners' (deficit) equity 139,603 6,114

Total liabilities and partners' (deficit) equity $ 2,922,060 $ 2,779,268

4 |

Delek Logistics Partners, LP

Consolidated Statement of Income and Comprehensive Income (Unaudited)

(In thousands, except unit and per unit data)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Net revenues:

Affiliate $ 184,201 $ 131,016 $ 555,655 $ 371,420

Third party 188,242 130,261 499,014 386,137

Net revenues 372,443 261,277 1,054,669 757,557

Cost of sales:

Cost of materials and other - affiliate 116,230 85,486 373,370 259,863

Cost of materials and other - third party 111,261 44,238 261,694 118,274

Operating expenses (excluding depreciation and amortization presented below) 46,414 43,472 135,804 121,627

Depreciation and amortization 38,257 34,128 110,524 86,505

Total cost of sales 312,162 207,324 881,392 586,269

Operating expenses related to wholesale business (excluding depreciation and amortization presented below) 346 381 1,338 1,285

General and administrative expenses 5,853 4,520 13,407 22,328

Depreciation and amortization 237 671 1,876 3,107

Other operating expense (income), net 374 3,013 1,280 (835)

Total operating costs and expenses 318,972 215,909 899,293 612,154

Operating income 53,471 45,368 155,376 145,403

Non-operating (income) expenses:

Interest income (23,211) (26,716) (78,041) (72,801)

Interest expense 49,383 47,991 171,065 130,803

Income from equity method investments (20,581) (21,878) (46,695) (42,564)

Other (income) expense, net 23 67 (33) 26

Total non-operating expenses, net 5,614 (536) 46,296 15,464

Income before income taxes 47,857 45,904 109,080 129,939

Income tax expense 439 344 439 771

Net income 47,418 45,560 108,641 129,168

Comprehensive income 47,418 45,560 $ 108,641 $ 129,168

Net income per unit:

Basic $ 0.85 $ 0.85 $ 2.01 $ 2.41

Diluted $ 0.85 $ 0.85 $ 2.00 $ 2.41

Weighted average common units outstanding:

Basic 55,600,366 53,467,306 54,104,363 53,505,419

Diluted 55,676,196 53,519,572 54,194,042 53,540,795

Delek Logistics Partners, LP

Condensed Consolidated Statements of Cash Flows (In thousands) Three Months Ended September 30, Nine Months Ended September 30,

(Unaudited) 2026 2025 2026 2025

Cash flows from operating activities

Net cash provided by operating activities $ 187,948 $ 54,937 $ 429,522 $ 193,910

Cash flows from investing activities

Net cash used in investing activities (61,781) (63,978) (170,872) (411,661)

Cash flows from financing activities

Net cash (used in) provided by financing activities (90,871) 14,517 (220,541) 219,279

Net increase in cash and cash equivalents 35,296 5,476 38,109 1,528

Cash and cash equivalents at the beginning of the period 13,705 1,436 10,892 5,384

Cash and cash equivalents at the end of the period $ 49,001 $ 6,912 $ 49,001 $ 6,912

5 |

Significant Transactions During the Quarter Impacting Results:

Intercompany Leases

As a result of amendments to intercompany lease agreements in August 2024, we had to reassess lease classification for the agreements that contain leases under Accounting Standards Codification 842. As a result of these lease assessments, certain of these agreements met the criteria to be accounted for as sales-type leases for Delek Logistics and finance leases for Delek US. Therefore, portions of the minimum volume commitments under these agreements subject to sales-type lease accounting are recorded as interest income with the remaining amounts recorded as a reduction in net investment in leases. Prior to the amendments, these agreements were accounted for as operating leases and these minimum volume commitments were recorded as revenues.

Equity Offering

On August 14, 2026 Delek Logistics completed an underwritten offering of 4,600,000 common units representing limited interests in Delek Logistics at a price of $50 per unit. Net proceeds of the offering were used to repay outstanding borrowings under the Delek Logistics Revolving Facility.

6 |

Delek Logistics Partners, LP

Reconciliation of Amounts Reported Under U.S. GAAP (Unaudited)

(In thousands)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Reconciliation of Net Income to EBITDA:

Net income $ 47,418 $ 45,560 $ 108,641 $ 129,168

Add:

Income tax expense 439 344 439 771

Depreciation and amortization 38,494 34,799 112,400 89,612

Proportional interest, taxes, depreciation and amortization from equity-method investments 5,960 6,527 18,875 19,882

Interest expense, net 26,172 21,275 93,024 58,002

EBITDA 118,483 108,505 333,379 297,435

Asset Impairment — 2,802 — 2,802

Throughput and storage fees for sales-type leases 24,596 30,535 84,010 85,647

DPG Inventory Impact (136) 100 129 1,000

Transaction costs 85 563 1,384 6,408

Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements $ (90) $ — (219) —

Adjusted EBITDA $ 142,938 $ 142,505 $ 418,683 $ 393,292

Reconciliation of net cash from operating activities to distributable cash flow:

Net cash provided by operating activities $ 187,948 $ 54,937 $ 429,522 $ 193,910

Changes in assets and liabilities (108,354) 20,563 (187,842) 15,041

Non-cash lease expense (757) (1,426) (3,605) (5,045)

Net distributions from equity method investments in investing activities 266 6,598 8,355 12,168

Regulatory and sustaining capital expenditures not distributable (6,808) (5,600) (20,436) (10,843)

Reimbursement from Delek Holdings for capital expenditures 10 9 32 28

Sales-type lease receipts, net of income recognized 1,385 (590) 5,969 8,437

Other non-cash adjustments (693) (907) (396) 1,631

Distributable Cash Flow 72,997 73,584 231,599 215,327

Transaction costs 85 563 1,384 6,408

Distributable Cash Flow, as adjusted (1)

$ 73,082 $ 74,147 $ 232,983 $ 221,735

(1) Distributable cash flow adjusted to exclude transaction costs primarily associated with the H2O Midstream Acquisition and Gravity Acquisition.

Delek Logistics Partners, LP

Distributable Coverage Ratio Calculation (Unaudited)

(In thousands)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Distributions to partners of Delek Logistics, LP $ 65,905 $ 59,898 $ 186,364 $ 178,830

Distributable cash flow $ 72,997 $ 73,584 $ 231,599 $ 215,327

Distributable cash flow coverage ratio (1)

1.11x 1.23x 1.24x 1.20x

Distributable cash flow, as adjusted 73,082 74,147 $ 232,983 $ 221,735

Distributable cash flow coverage ratio, as adjusted (2)

1.11x 1.24x 1.25x 1.24x

(1) Distributable cash flow coverage ratio is calculated by dividing distributable cash flow by distributions to be paid in each respective period.

(2) Distributable cash flow coverage ratio, as adjusted is calculated by dividing distributable cash flow, as adjusted for transaction costs by distributions to be paid in each respective period.

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Delek Logistics Partners, LP

Segment Data (Unaudited)

(In thousands)

Three Months Ended September 30, 2026

Gathering and Processing Wholesale Marketing and Terminalling Storage and Transportation Investments in Pipeline Joint Ventures Corporate and Other Consolidated

Net revenues:

Affiliate $ 63,891 $ 94,099 $ 26,211 $ — $ — $ 184,201

Third party 140,014 47,019 1,209 — — 188,242

Total revenue $ 203,905 $ 141,118 $ 27,420 $ — $ — $ 372,443

Adjusted EBITDA $ 88,422 $ 20,915 $ 19,798 $ 26,541 $ (12,738) $ 142,938

Transaction costs — — — — 85 85

DPG Inventory Impact (136) — — — — (136)

Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements (90) — — — — (90)

Throughput and storage fees for sales-type leases 11,053 4,021 9,522 — — 24,596

Segment EBITDA $ 77,595 $ 16,894 $ 10,276 $ 26,541 $ (12,823) 118,483

Depreciation and amortization $ 35,221 $ 507 $ 1,992 $ — $ 774 38,494

Proportional interest, taxes, depreciation and amortization from equity-method investments $ — $ — $ — $ 5,960 $ — 5,960

Interest income $ (9,827) $ (4,148) $ (9,236) $ — $ — (23,211)

Interest expense $ — $ — $ — $ — $ 49,383 49,383

Income tax expense 439

Net income $ 47,418

Nine Months Ended September 30, 2026

Gathering and Processing Wholesale Marketing and Terminalling Storage and Transportation Investments in Pipeline Joint Ventures Corporate and Other Consolidated

Net revenues:

Affiliate $ 176,274 $ 303,878 $ 75,503 $ — $ — $ 555,655

Third party 377,446 117,764 3,804 — — 499,014

Total revenue $ 553,720 $ 421,642 $ 79,307 $ — $ — $ 1,054,669

Adjusted EBITDA $ 275,408 $ 47,781 $ 61,240 $ 65,570 $ (31,316) $ 418,683

Transaction costs — — — — 1,384 1,384

DPG Inventory Impact 129 — — — — 129

Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements (219) — — — — (219)

Throughput and storage fees for sales-type leases 33,897 12,515 37,598 — — 84,010

Segment EBITDA $ 241,601 $ 35,266 $ 23,642 $ 65,570 $ (32,700) 333,379

Depreciation and amortization 102,332 2,037 5,717 — 2,314 112,400

Proportional interest, taxes, depreciation and amortization from equity-method investments — — — 18,875 — 18,875

Interest income (29,989) (12,254) (35,798) — — (78,041)

Interest expense — — — — 171,065 171,065

Income tax expense 439

Net income $ 108,641

8 |

Three Months Ended September 30, 2025

Gathering and Processing Wholesale Marketing and Terminalling Storage and Transportation Investments in Pipeline Joint Ventures Corporate and Other Consolidated

Net revenues:

Affiliate $ 51,165 $ 56,816 $ 23,035 $ — $ — $ 131,016

Third party 81,044 47,925 1,292 — — 130,261

Total revenue $ 132,209 $ 104,741 $ 24,327 $ — $ — $ 261,277

Adjusted EBITDA $ 82,787 $ 21,374 $ 19,280 $ 28,405 $ (9,341) $ 142,505

Transaction costs — — — — 563 563

DPG Inventory Impact 100 — — — — 100

Throughput and storage fees not included in revenue 13,136 4,369 13,030 — — 30,535

Segment EBITDA $ 69,551 $ 14,203 $ 6,250 $ 28,405 $ — $ (9,904) 108,505

Depreciation and amortization $ 31,801 $ 811 $ 1,411 $ — $ 776 34,799

Proportional interest, taxes, depreciation and amortization from equity-method investments $ — $ — $ — $ 6,527 $ — 6,527

Interest income (10,818) (3,970) (11,928) — — (26,716)

Interest expense $ — $ — $ — $ — $ 47,991 47,991

Income tax expense 344

Net income $ 45,560

Nine Months Ended September 30, 2025

Gathering and Processing Wholesale Marketing and Terminalling Storage and Transportation Investments in Pipeline Joint Ventures Corporate and Other Consolidated

Net revenues:

Affiliate $ 128,830 $ 173,891 $ 68,699 $ — $ — $ 371,420

Third party 239,749 142,164 4,224 — — 386,137

Total revenue $ 368,579 $ 316,055 $ 72,923 $ — $ — $ 757,557

Adjusted EBITDA $ 241,846 $ 62,431 $ 50,679 $ 62,446 $ (24,110) $ 393,292

Transaction costs — — — — 6,408 6,408

DPG Inventory Impact 1,000 — — — — 1,000

Throughput and storage fees not included in revenue 39,409 13,250 32,988 — — 85,647

Segment EBITDA $ 201,437 $ 46,379 $ 17,691 $ 62,446 $ (30,518) 297,435

Depreciation and amortization $ 80,609 $ 2,715 $ 3,993 $ — $ 2,295 89,612

Proportional interest, taxes, depreciation and amortization from equity-method investments $ — $ — $ — $ 19,882 $ — 19,882

Interest income (33,296) (12,240) (27,265) — — (72,801)

Interest expense $ — $ — $ — $ — $ 130,803 130,803

Income tax expense 771

Net income $ 129,168

9 |

Delek Logistics Partners, LP

Segment Capital Spending

(In thousands)

Three Months Ended September 30, Nine Months Ended September 30, 2026

Gathering and Processing 2026 2025 2026 2025

Regulatory capital spending $ 341 $ 286 $ 3,216 $ 286

Sustaining capital spending 2,201 3,282 11,803 5,922

Growth capital spending 37,073 44,026 133,738 229,915

Segment capital spending 39,615 47,594 148,757 236,123

Wholesale Marketing and Terminalling

Regulatory capital spending 10 174 84 185

Sustaining capital spending 1,881 473 1,961 617

Growth capital spending 2,741 — 3,148 —

Segment capital spending 4,632 647 5,193 802

Storage and Transportation

Regulatory capital spending 845 325 858 1,345

Sustaining capital spending 1,531 1,060 2,514 2,488

Growth capital spending 7,928 4 7,928 4

Segment capital spending 10,304 1,389 11,300 3,837

Consolidated

Regulatory capital spending 1,196 785 4,158 1,816

Sustaining capital spending 5,613 4,815 16,278 9,027

Growth capital spending 47,742 44,030 144,814 229,919

Total capital spending $ 54,551 $ 49,630 $ 165,250 $ 240,762

Delek Logistics Partners, LP

Segment Operating Data (Unaudited)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Gathering and Processing Segment:

Throughputs (average bpd)

El Dorado Assets:

Crude pipelines (non-gathered) 70,109 71,802 68,756 68,340

Refined products pipelines to Enterprise Systems 52,240 59,679 49,680 56,442

El Dorado Gathering System 9,371 9,053 9,447 9,781

East Texas Crude Logistics System 31,471 31,317 31,020 30,462

Midland Gathering System 205,606 222,980 211,209 213,750

Plains Connection System 160,339 185,151 182,935 174,446

Delaware Gathering Assets:

Natural Gas Gathering and Processing (Mcfd(1))

93,777 62,692 79,574 61,157

Crude Oil Gathering (average bpd) 150,814 153,745 145,885 137,828

Water Disposal and Recycling (average bpd) 108,299 87,176 108,279 110,575

Midland Water Gathering System:

Water Disposal and Recycling (average bpd) (3)

512,436 573,028 599,854 620,910

Wholesale Marketing and Terminalling Segment:

East Texas - Tyler Refinery sales volumes (average bpd) (2)

— 67,439 — 67,609

West Texas marketing throughputs (average bpd) 3,117 2,680 6,328 8,058

West Texas gross margin per barrel $ 9.99 $ 4.50 $ 5.41 $ 3.41

Terminalling throughputs (average bpd) (4)

158,907 145,808 151,423 144,629

(1) Mcfd - average thousand cubic feet per day.

(2) East Texas Marketing agreement was terminated on January 1, 2026.

(3) Includes freshwater sales of 15,196 bpd and 84,273 bpd for the three and nine months ended September 30, 2026, respectively, and 692 bpd and 9,314 bpd for the three and nine months ended September 30, 2025, respectively.

(4) Consists of terminalling throughputs at our Tyler, Big Spring, Big Sandy and Mount Pleasant, Texas terminals, our El Dorado and North Little Rock, Arkansas terminals and our Memphis and Nashville, Tennessee terminals.

10 |

Investor Relations and Media/Public Affairs Contact:

investor.relations@delekus.com

Information about Delek Logistics Partners, LP can be found on its website (www.deleklogistics.com), investor relations webpage (https://www.deleklogistics.com/investor-relations), news webpage (https://www.deleklogistics.com/news-releases) and its X account (@DelekLogistics).

11 |

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