Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.77 per Common Limited Partner Unit
July 24 2018 - 5:15PM
Delek Logistics Partners, LP (NYSE:DKL) (“Delek Logistics”) today
declared its quarterly cash distribution for the second quarter
2018 of $0.77 per common limited partner unit, or $3.08 per common
limited partner unit on an annualized basis. This distribution
represents a 2.7 percent increase from the distribution for the
first quarter 2018 of $0.75 per common limited partner unit ($3.00
per common limited partner unit annualized) and a 9.2 percent
increase over Delek Logistics’ distribution for the second quarter
2017 of $0.705 per common limited partner unit ($2.82 per common
limited partner unit annualized). The second quarter 2018 cash
distribution is payable on August 13, 2018 to unitholders of record
on August 3, 2018.
About Delek Logistics Partners,
LP
Delek Logistics Partners, LP, headquartered in
Brentwood, Tennessee, is a growth-oriented master limited
partnership formed by Delek US Holdings, Inc. (NYSE:DK) (“Delek
US”) to own, operate, acquire and construct crude oil and refined
products logistics and marketing assets.
Safe Harbor Provisions Regarding
Forward-Looking Statements
This press release contains “forward-looking” statements within
the meaning of 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, and can be impacted by
numerous factors, including the fact that a substantial majority of
Delek Logistics' contribution margin is derived from Delek US,
thereby subjecting us to Delek US' business risks; risks relating
to the securities markets generally; 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; the impact of adverse market conditions
affecting the business of Delek Logistics, including margins
generated by its wholesale fuel business; adverse changes in laws
including with respect to tax and regulatory matters 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. These
forward-looking statements include, but are not limited to,
statements regarding Delek Logistics’ distribution including the
amounts and timing thereof. There can be no assurance that
actual results will not differ from those expected by management or
described in forward-looking statements of Delek Logistics. 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.
Investor / Media Relations Contact:Keith
JohnsonVice President of Investor Relations615-435-1366
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