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Overview
Delek Logistics Partners LP is a master limited partnership that focuses on the transportation, storage, and marketing of crude oil, intermediate and refined products, and natural gas liquids (NGLs). The company was formed in 2012 by its parent company, Delek US Holdings, Inc., and went public in November of that year. The company's operations are primarily in the mid-continental and Gulf Coast regions of the United States, with assets including pipelines, terminals, and storage facilities. Delek Logistics Partners also has a 33% ownership interest in the Red River pipeline system, which transports crude oil from Cushing, Oklahoma to downstream markets. In addition to its transportation and storage services, the company also provides crude oil gathering services through its Paline pipeline system in East Texas. Delek Logistics Partners benefits from its close relationship with its parent company, Delek US Holdings, which provides a stable and diversified customer base for its services. This allows the company to generate consistent cash flows and stable distributions to its unitholders. The company has a strong track record of growth through both organic projects and strategic acquisitions. In 2018, Delek Logistics Partners completed the acquisition of the Big Spring Gathering System, expanding its services into the Permian Basin, one of the most active and fastest-growing oil and gas regions in the United States. Delek Logistics Partners is committed to environmentally responsible operations and has implemented various initiatives to reduce its carbon footprint and promote sustainability. This includes reducing emissions, implementing water recycling programs, and implementing leak detection systems to prevent spills. In addition to its operations, Delek Logistics Partners is also committed to giving back to the communities in which it operates. The company supports a variety of charitable organizations and initiatives, with a focus on education, health and wellness, and supporting military and first responders.
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