M&A - Delek Logistics Partners, LP

Form Type: 10-Q

Filing Date: 2025-05-07

Corporate Action: Acquisition

Type: New

Accession Number: 000155279725000054

Filing Summary: Delek Logistics Partners, LP filed its quarterly report for the period ending March 31, 2025, indicating significant financial activities and an acquisition. Key points include the completion of the acquisition of Gravity Water Intermediate Holdings LLC, which enhances the company's water disposal and recycling operations in key markets. The report includes financial statements showing a total revenue of $249.93 million and an operating income of $47.60 million for the quarter. The company reported cash and cash equivalents of $2.107 million. As of May 1, 2025, Delek Logistics had 53,440,788 common limited partner units outstanding. The financial statements detail assets totaling approximately $2.395 billion, liabilities of about $2.200 billion, and equity of $97.43 million. Additionally, there were substantial cash outflows due to investments in property and the acquisition, highlighting the company's growth strategy in the competitive energy sector.

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525000983

Filing Summary: Delek Logistics Partners, LP completed the acquisition of 100% of the limited liability company interests in Gravity Water Intermediate Holdings LLC, related to water disposal and recycling operations in the Permian Basin and Bakken on January 2, 2025. The purchase price for the assets was $285 million, paid in a combination of $209,299,177.75 in cash and 2,175,209 common units of the Partnership. The issuance of equity interests was executed under the exemption from securities registration provided by Section 4(a)(2) of the Securities Act of 1933. Delek Logistics has agreed to file a registration statement with the SEC for the resale of these equity interests within ten business days following the acquisition closure. Additionally, a press release was issued on the same date to announce the completion of this acquisition.