Delek Logistics Partners

#4090

Rank

$2.21B

Marketcap

United States

Country

Leadership team

Mr. Ezra Uzi Yemin (Exec. Chairman of Delek Logistics GP LLC)

Mr. Reuven Avraham Spiegel (Exec. VP, CFO & Director of Delek Logistics GP LLC)

Ms. Denise Clark McWatters (Exec. VP, Gen. Counsel & Sec. of Delek Logistics GP LLC)

Products/ Services

Energy

Headquarters

Brentwood, Tennessee, United States

Established

2012

Company Registration

SEC CIK number: 0001552797

Net Income

100M - 500M

Revenue

500M - 1B

Traded as

DKL

URL

https://www.deleklogistics.com

Overview

Location

Recognition and Award

References

Summary

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates through three segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investment in Pipeline Joint Ventures. The Pipelines and Transportation segment includes pipelines, trucks, and ancillary assets that provide crude oil gathering, crude oil intermediate and refined products transportation, and storage services primarily in support of the Tyler, El Dorado, and Big Spring refineries, as well as offers crude oil and other products transportation services to third parties. This segment operates approximately 400 miles of crude oil transportation pipelines; 450 miles of refined product pipelines; and approximately 900 miles of crude oil gathering, and intermediate and refined products storage tanks with an aggregate of approximately 10.2 million barrels of active shell capacity. The Wholesale Marketing and Terminalling segment provides wholesale marketing, transporting, storage, and terminalling services related to refined products to independent third parties. The Investments in Pipeline Joint Ventures Segment owns a portion of three joint ventures that have constructed separate crude oil pipeline systems and related ancillary assets, which serves third parties and subsidiaries. Delek Logistics GP, LLC serves as the general partner of the company. Delek Logistics Partners, LP was incorporated in 2012 and is headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP operates as a subsidiary of Delek US Holdings, Inc.

History

Since 2001, the Company has completed multiple acquisitions in the refining, marketing & logistics, and convenience store industries.Today, Delek is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels, and convenience store retailing. Key events in its history are summarized below:

Acquisitions/Divestitures

May 2001: Acquired MAPCO Express, Inc., with 198 retail fuel and convenience stores

April 2005: Acquired the Tyler Refinery and its related assets

July 2006: Acquired of 40 Retail Fuel and Convenience Stores From Fast Petroleum

August 2006: Acquired of Refining Equipment, Pipelines, Storage Tanks and Terminals From Pride Companies

October 2011: Acquired sole ownership of Lion Oil Company, with a refinery, pipeline and other refining, product terminal, and crude oil pipeline assets in and around El Dorado, Arkansas, and product terminals in Memphis and Nashville, Tennessee

January 2013: Announced Agreement to Purchase a Biodiesel Facility in Cleburne,Texas from EQM Technologies & Energy, Inc.

February 2014: Announced Agreement to Purchase a Biodiesel Facility in Crossett, Arkansas

November 2016: Completed Sale of MAPCO Retail Related Assets for $535 million

March 2018: Sold refineries in Paramount, California and Long Beach, California to World Energy LLC.

November 2018: Announced Big Spring Crude Oil Gathering System in the Permian Basin

May 2019: Acquired 33% Interest in Red River pipeline joint venture

August 2019: Acquired 15% Interest in Wink to Webster Pipeline LLC

November 2019: Announced Agreement to Purchase a Biodiesel Facility in New Albany, Mississippi

May 2020: Sold Bakersfield Refinery to Global Clean Energy HoldingsMergers

May 2015: Acquired 33.7 million shares of common stock of Alon USA Energy, Inc. This represented approximately 48% of Alon USA shares outstanding in May 2015

July 2017: Acquired the remaining shares of common stock of Alon USA Energy, Inc. Operations included refining, retail, asphalt, and renewable fuel, including Paramount Petroleum.

Mission

At Delek Logistics, we are dedicated to providing safe and reliable services to the customers whom we serve. Our commitment is to deliver professional service and excellence to everyone from the communities we serve, to our partners and stakeholders. We strive each and every day to exceed customer expectations and to demonstrate environmental responsibility.

Vision

We envision a future where Delek Logistics Partners is the leader in the midstream sector delivering superior value and outsized returns to our stakeholders through safe, sustainable, and efficient operations in a responsible manner.

Key Team

Mr. Odely Sakazi (Sr. VP of Delek Logistics GP LLC)

Mr. Avigal Soreq (Pres, CEO & Director of Delek Logistics GP, LLC)

Mr. Todd O'Malley (Chief Operating Officer of Delek Logistics GP, LLC)

Mr. Robert Wright (Sr. VP & Chief Accounting Officer of Delek Logistics GP, LLC)

Keith Johnson (VP of Investor Relations of Delek Logistics GP, LLC)

Mr. Blake Michael Fernandez (Sr. VP of Investor Relations & Market Intelligence of Delek Logistics GP LLC)

Mr. Michael P. Ralsky (VP of Gov. Affairs, Public Affairs & Communications for Delek Logistics GP, LLC)

Recognition and Awards

Delek Logistics partners has been recognized for our industry thought leadership, safety, sustainability and employee engagement initiatives, winning numerous industry awards and distinctions in recent years.