Delek Logistics Partners, LP Files 2023 Annual Report on Form 10-K

Ticker: DKL · Form: 10-K · Filed: Feb 28, 2024 · CIK: 1552797

Sentiment: neutral

Topics: 10-K, Delek Logistics Partners, DKL, Annual Report, Pipelines

TL;DR

<b>Delek Logistics Partners, LP has filed its annual 10-K report for the fiscal year ending December 31, 2023.</b>

AI Summary

Delek Logistics Partners, LP (DKL) filed a Annual Report (10-K) with the SEC on February 28, 2024. Delek Logistics Partners, LP filed its 2023 Form 10-K on February 28, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business is pipelines, excluding natural gas. Delek Logistics Partners, LP is incorporated in Tennessee. The company's business address is in Brentwood, Tennessee.

Why It Matters

For investors and stakeholders tracking Delek Logistics Partners, LP, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Delek Logistics Partners, LP's financial performance, operations, and risk factors for the fiscal year 2023. Investors and analysts can use this report to assess the company's financial health, strategic direction, and potential risks in the pipeline industry.

Risk Assessment

Risk Level: medium — Delek Logistics Partners, LP shows moderate risk based on this filing. The company operates in the pipeline industry, which is subject to regulatory changes, commodity price volatility, and operational risks, as detailed in the filing.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand Delek Logistics Partners, LP's performance and outlook for the upcoming year.

Key Numbers

Key Players & Entities

FAQ

When did Delek Logistics Partners, LP file this 10-K?

Delek Logistics Partners, LP filed this Annual Report (10-K) with the SEC on February 28, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by Delek Logistics Partners, LP (DKL).

Where can I read the original 10-K filing from Delek Logistics Partners, LP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Delek Logistics Partners, LP.

What are the key takeaways from Delek Logistics Partners, LP's 10-K?

Delek Logistics Partners, LP filed this 10-K on February 28, 2024. Key takeaways: Delek Logistics Partners, LP filed its 2023 Form 10-K on February 28, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal business is pipelines, excluding natural gas..

Is Delek Logistics Partners, LP a risky investment based on this filing?

Based on this 10-K, Delek Logistics Partners, LP presents a moderate-risk profile. The company operates in the pipeline industry, which is subject to regulatory changes, commodity price volatility, and operational risks, as detailed in the filing.

What should investors do after reading Delek Logistics Partners, LP's 10-K?

Review the detailed financial statements and risk factors in the 10-K to understand Delek Logistics Partners, LP's performance and outlook for the upcoming year. The overall sentiment from this filing is neutral.

How does Delek Logistics Partners, LP compare to its industry peers?

Delek Logistics Partners, LP operates in the pipeline transportation sector, a critical part of the energy infrastructure that moves crude oil and refined products.

Are there regulatory concerns for Delek Logistics Partners, LP?

The company is subject to federal, state, and local regulations governing pipeline operations, safety, and environmental protection.

Industry Context

Delek Logistics Partners, LP operates in the pipeline transportation sector, a critical part of the energy infrastructure that moves crude oil and refined products.

Regulatory Implications

The company is subject to federal, state, and local regulations governing pipeline operations, safety, and environmental protection.

What Investors Should Do

  1. Analyze the financial statements for revenue, net income, and debt levels.
  2. Review the risk factors section for potential challenges and mitigation strategies.
  3. Examine management's discussion and analysis for operational highlights and future outlook.

Key Dates

Year-Over-Year Comparison

This is the initial filing of the 2023 Form 10-K, providing the latest annual financial and operational data.

Filing Stats: 4,433 words · 18 min read · ~15 pages · Grade level 16.6 · Accepted 2024-02-28 08:24:15

Key Financial Figures

Filing Documents

Risk Factors

Item 1A. Risk Factors 26

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 55

Cybersecurity

Item 1C. Cybersecurity 55

Legal Proceedings

Item 3. Legal Proceedings 58

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 58 PART II Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 59

[RESERVED]

Item 6. [RESERVED] 59

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 60

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 86

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 86

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 86

Controls and Procedures

Item 9A. Controls and Procedures 87

Other Information

Item 9B. Other Information 87

Disclosure Regarding Foreign Jurisdictions That Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 87 PART III

Directors, Executive Officers of the Registrant and Corporate Governance

Item 10. Directors, Executive Officers of the Registrant and Corporate Governance 88

Executive Compensation

Item 11. Executive Compensation 94

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 100

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 102

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 104 PART IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 101

Form 10-K Summary

Item 16. Form 10-K Summary 106

Signatures

Signatures 107 2 | Summary of Risk Factors Delek Logistics Partners, LP is a registrant pursuant to the Securities Act of 1933 and is listed on the New York Stock Exchange ("NYSE") under the ticker symbol "DKL." Unless otherwise noted or the context requires otherwise, references in this report to "Delek Logistics Partners, LP," the "Partnership," "we," "us," or "our" or like terms, may refer to Delek Logistics Partners, LP, one or more of its consolidated subsidiaries or all of them taken as a whole. Unless otherwise noted or the context requires otherwise, references in this report to "Delek Holdings" refers collectively to Delek US Holdings, Inc. and any of its subsidiaries, other than the Partnership and its subsidiaries and its general partner.

View Full Filing

View this 10-K filing on SEC EDGAR

View on Read The Filing