v3.25.2
Equity (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Capital Units
The table below summarizes the changes in the number of limited partner units outstanding from December 31, 2024, through June 30, 2025.
Common - Public
Common - Delek Holdings (1)
Total
Balance at December 31, 202417,374,618 34,111,278 51,485,896 
Unit-based compensation awards (2)
45,566 — 45,566 
Issuance of units in connection with Gravity Acquisition2,175,209 — 2,175,209 
Unit repurchase— (243,075)(243,075)
Balance at June 30, 202519,595,393 33,868,203 53,463,596 
(1) As of June 30, 2025, Delek Holdings owned a 63.3% interest in the Partnership.
(2) Unit-based compensation awards are presented net of 16,654 units withheld for taxes for the six months ended June 30, 2025.
Schedule of Distributions Made to Members or Limited Partners, by Distribution
Date of DistributionDistributions paid to Delek Holdings (in thousands)
February 11, 2025$37,693 
May 15, 202537,594 
August 14, 2025 (1)
37,763 
Total$113,050 
February 12, 2024$36,198 
May 15, 202436,713 
August 14, 2024
37,399 
Total$110,310 
(1) On July 29, 2025, the board of directors of our general partner declared this quarterly cash distribution based on the available cash as of the date of determination. Distributions paid are estimated based on common units held by Delek Holdings as of June 30, 2025.
The table below summarizes the quarterly distributions related to our quarterly financial results:
Quarter EndedTotal Quarterly Distribution Per Limited Partner UnitTotal Cash Distribution (in thousands)
December 31, 2023$1.055$46,010
March 31, 2024$1.070$50,521
June 30, 2024$1.090$51,263
September 30, 2024$1.100$56,613
December 31, 2024$1.105$59,302
March 31, 2025$1.110$59,320
June 30, 2025 (1)
$1.115$59,612
(1) On July 29, 2025, the board of directors of our general partner declared this quarterly cash distribution, payable on August 14, 2025, to unitholders of record on August 8, 2025. The total cash distribution is estimated based on the number of common units outstanding as of June 30, 2025.