Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.705 per Limited Partner Unit
24 Juli 2017 - 11:30PM
Delek Logistics Partners, LP (NYSE:DKL) (“Delek Logistics”) today
declared its quarterly cash distribution for the second quarter
2017 of $0.705 per limited partner unit, or $2.82 per limited
partner unit on an annualized basis. This distribution represents a
2.2 percent increase from the distribution for the first quarter
2017 of $0.69 per limited partner unit ($2.76 per limited partner
unit annualized) and a 11.9 percent increase over Delek Logistics’
distribution for the second quarter 2016 of $0.63 per limited
partner unit ($2.52 per limited partner unit annualized). The
second quarter 2017 cash distribution is payable on August 11, 2017
to unitholders of record on August 4, 2017.
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. 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.
U.S. Investor / Media Relations Contact:
Keith Johnson
Vice President of Investor Relations
615-435-1366
Delek US (NYSE:DK)
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