Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.92 per Common Limited Partner Unit

 Delek Logistics Partners, LP declared its quarterly cash distribution for the first quarter 2021 of $0.92 per common limited partner unit, or $3.68 per common limited partner unit on an annualized basis. This distribution represents a 1.1 percent increase from the distribution for the fourth quarter 2020 of $0.91 per common limited partner unit ($3.64 per common limited partner unit annualized) and a 3.4 percent increase over Delek Logistics’ distribution for the first quarter 2020 of $0.89 per common limited partner unit ($3.56 per common limited partner unit annualized). The first quarter 2021 cash distribution is payable on May 14, 2021 to unitholders of record on May 10, 2021.

“This marks the 32nd consecutive quarterly increase in the cash distribution and demonstrates stability of the business throughout various business cycles. Nationwide product demand trends are progressively improving in connection with the vaccination uptake and we expect this to support energy demand into the second half of the year,” said Uzi Yemin, Chairman, President and Chief Executive Officer of Delek Logistics.

About Delek Logistics Partners, LP

Delek Logistics Partners, LP, headquartered in Brentwood, Tennessee, was formed by Delek US Holdings, Inc. to own, operate, acquire and construct crude oil and refined products logistics and marketing assets.

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.