BRENTWOOD, Tenn., Jan. 24,
2024 /PRNewswire/ -- Delek Logistics Partners,
LP (NYSE: DKL) ("Delek Logistics") today declared its quarterly
cash distribution for the fourth quarter 2023 of $1.055 per common limited partner unit, or
$4.22 per common limited partner unit
on an annualized basis. This distribution represents a 1.0 percent
increase from the distribution for the third quarter 2023 of
$1.045 per common limited partner
unit ($4.18 per common limited
partner unit annualized) and a 3.4 percent increase over Delek
Logistics' distribution for the fourth quarter 2022 of $1.02 per common limited partner unit
($4.08 per common limited partner
unit annualized). The fourth quarter 2023 cash distribution is
payable on February 12, 2024, to
unitholders of record on February 5,
2024.
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,
transportation, and other services for its customers in crude oil,
intermediates, refined products, natural gas, storage, wholesale
marketing, terminalling water disposal and recycling.
Delek US Holdings, Inc. (NYSE: DK) ("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 future
distributions, including the amounts and timing thereof, current
estimates, expectations or projections about future distributions,
results, performance, prospects, opportunities, plans, actions and
events and other statements, concerns, or matters that are not
historical facts are "forward-looking statements," within the
meaning of federal securities laws. Forward-looking statements
should not be read as a guarantee of future performance or results
and may not be accurate indications of the times at, or by, which
such performance or results will be achieved. Forward-looking
statements are based on information available at the time and/or
management's good faith belief with respect to future events, and
investors are cautioned that risks described in Delek Logistics'
filings with the United States Securities and Exchange Commission,
among others, could cause actual performance or results to differ
materially from those expressed in the statements. There can be no
assurance that actual results will not differ from those expected
by management or described in forward-looking statements. Delek
Logistics undertakes no obligation to update or revise such
forward-looking statements to reflect events or circumstances that
occur, or which Delek Logistics becomes aware of, after the date
hereof.
Tax Considerations
This release is intended to be a
qualified notice under Treasury Regulation Section 1.1446-4(b)(4)
and (d). Please note that 100 percent of Delek Logistics Partners,
LP's distributions to foreign investors are attributable to income
that is effectively connected with a United States trade
or business. Accordingly, all of Delek Logistics Partners, LP's
distributions to foreign investors are subject to federal income
tax withholding at the highest applicable effective tax rate for
individuals or corporations, as applicable. Nominees, and not Delek
Logistics Partners, LP, are treated as the withholding agents
responsible for withholding on the distributions received by them
on behalf of foreign investors.
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 Twitter
account (@DelekLogistics).
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SOURCE Delek Logistics Partners, LP