Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.475 per limited partner unit Represents a 20.3% increase from Second Quarter 2013 Business Wire BRENTWOOD, Tenn. -- July 28, 2014 Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced the declaration of its quarterly cash distribution for the second quarter 2014 of $0.475 per limited partner unit, or $1.90 per unit on an annualized basis. This distribution represents an 11.8 percent increase from the first quarter 2014 distribution of $0.425 per limited partner unit ($1.70 per limited partner unit annualized) and a 20.3 percent increase over Delek Logistics’ second quarter 2013 distribution of $0.395 per limited partner unit ($1.58 per limited partner unit annualized). The second quarter 2014 cash distribution is payable on August 14, 2014 to unitholders of record on August 7, 2014. “We are pleased to significantly increase our distribution this quarter,” remarked Uzi Yemin, Chairman and Chief Executive Officer of Delek Logistics’ general partner. “Our focus on growth over the past year, coupled with continued strong performance from our operations during 2014, has increased our distributable cash flow. This strong financial position gives us the confidence to both provide additional growth in our distribution and the ability to continue evaluating opportunities to expand our operations.” 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 Holdings, thereby subjecting us to Delek US Holdings’ business risks; risks relating to the securities markets generally; risks relating to the age of our assets and operational hazards of our assets including, without limitation, 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; 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. 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 Logistic 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 Logistic Partners, LP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors. Contact: Delek Logistics Partners, LP Keith Johnson, 615-435-1366 Vice President of Investor Relations or Alpha IR Group Chris Hodges, 312-445-2870 Founder & CEO
Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.475 per limited partner unit
Press spacebar to pause and continue. Press esc to stop.