Net income of $45.6 million
Reported Adjusted EBITDA of $136.0 million up 27% year over year
Reported record crude gathering volumes in the Delaware crude gathering system
Increasing full year Adjusted EBITDA guidance to $500 - $520 million on strong execution
Continued our consistent distribution growth with our 51^st consecutive quarterly increase to $1.120/unit
Continue to progress comprehensive acid gas injection (AGI ) & sour gas treating solution at the Libby Gas Complex

Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") today announced its financial results for the third quarter 2025.

"During the third quarter Delek Logistics continued its strong execution by making progress on the development of sour gas gathering and acid gas injection capabilities. Delek Logistics also had record crude gathering volumes in its Delaware Business. Due to the strong progress we have made so far in the year we are increasing our full year EBITDA guidance higher to $500 - $520 million. We are proud of the 51^st consecutive increase in our distribution," said Avigal Soreq, President of Delek Logistics' general partner.

"We are very excited about the comprehensive AGI & sour gas treating solution we are building at the Libby Complex. These capabilities will help our producer customers drill their most productive locations' and we have started to see action taken by our producers to increase drilling to align with our assets being placed into service which will allow us to further expand the overall processing capacity at the complex. Finally, as I have mentioned in the past, we will continue to strengthen and grow Delek Logistics through a prudent management of liquidity and leverage," Mr. Soreq continued.

Delek Logistics reported third quarter 2025 net income of $45.6 million or $0.85 per diluted common limited partner unit. The third quarter 2025 net income included $0.6 million of transaction costs. This compares to net income of $33.7 million, or $0.71 per diluted common limited partner unit, in the third quarter 2024. Net cash provided by operating activities was $54.9 million in the third quarter 2025 compared to $24.9 million in the third quarter 2024. Distributable cash flow, as adjusted was $74.1 million in the third quarter 2025, compared to $62.0 million in the third quarter 2024.

For the third quarter 2025, earnings before interest, taxes, depreciation and amortization ("EBITDA") was $102.0 million compared to $69.2 million in the third quarter 2024. The third quarter 2025 EBITDA included $0.6 million of transaction costs, $0.1 million of DPG inventory and $30.5 million of sales-type lease accounting impacts. For the third quarter 2025, Adjusted EBITDA was $136.0 million compared to $106.8 million in the third quarter 2024.

Distribution and Liquidity

On October 28, 2025, Delek Logistics declared a quarterly cash distribution of $1.120 per common limited partner unit for the third quarter 2025. This distribution will be paid on November 13, 2025 to unitholders of record on November 7, 2025. This represents a 0.4% increase from the second quarter 2025 distribution of $1.115 per common limited partner unit, and a 1.8% increase over Delek Logistics' third quarter 2024 distribution of $1.100 per common limited partner unit.

As of September 30, 2025, Delek Logistics had total debt of approximately $2.3 billion and cash of $6.9 million and a leverage ratio of approximately 4.44x. Additional borrowing capacity under the $1.2 billion third party revolving credit facility was $1.0 billion.

Consolidated Operating Results

Adjusted EBITDA in the third quarter 2025 was $136.0 million compared to $106.8 million in the third quarter 2024. The $29.2 million increase in Adjusted EBITDA reflects the results of H2O Midstream and Gravity operations, as well as impacts from the W2W dropdown, and an increase in wholesale margins.

Gathering and Processing Segment

Adjusted EBITDA in the third quarter 2025 was $82.8 million compared with $55.0 million in the third quarter 2024. The increase was primarily due to incremental EBITDA from the Gravity and H2O Midstream acquisitions.

Wholesale Marketing and Terminalling Segment

Adjusted EBITDA in the third quarter 2025 was $21.4 million, compared with third quarter 2024 Adjusted EBITDA of $24.7 million. The decrease was primarily due to assignment of the Big Spring refinery marketing agreement to Delek Holdings, which was partially offset by an increase in wholesale margins.

Storage and Transportation Segment

Adjusted EBITDA in the third quarter 2025 was $19.3 million, compared with $19.4 million in the third quarter 2024.

Investments in Pipeline Joint Ventures Segment

During the third quarter 2025, income from equity method investments was $21.9 million compared to $15.6 million in the third quarter 2024. The increase was primarily due to the impacts of the W2W dropdown, partially offset by a decrease in income from our investments in our other joint ventures.

Corporate

Adjusted EBITDA in the third quarter 2025 was a loss of $9.3 million compared to a loss of $7.9 million in the third quarter 2024.

Third Quarter 2025 Results | Conference Call Information

Delek Logistics will hold a conference call to discuss its third quarter 2025 results on Friday, November 7, 2025 at 11:00 a.m. Central Time. Investors will have the opportunity to listen to the conference call live by going to www.DelekLogistics.com. Participants are encouraged to register at least 15 minutes early to download and install any necessary software. An archived version of the replay will also be available at www.DelekLogistics.com for 90 days.

About Delek Logistics Partners, LP

Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee. Through its owned assets and joint ventures located primarily in and around the Permian Basin, the Delaware Basin and other select areas in the Gulf Coast region, Delek Logistics provides gathering, pipeline and other transportation services primarily for crude oil and natural gas customers, storage, wholesale marketing and terminalling services primarily for intermediate and refined product customers, and water disposal and recycling services. Delek US Holdings, Inc. ("Delek US") owns the general partner interest as well as a majority limited partner interest in Delek Logistics, and is also a significant customer.

Safe Harbor Provisions Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns or matters that are not historical facts are "forward-looking statements," as that term is defined under 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. Forward-looking statements include, but are not limited to, anticipated performance and financial position; statements regarding future growth at Delek Logistics; distributions and the amounts and timing thereof; potential dropdown inventory; projected benefits of the Delaware Gathering, Permian Gathering, H2O Midstream and Gravity Water Midstream acquisitions; expected earnings or returns from joint ventures or other acquisitions; expansion projects; ability to create long-term value for our unit holders; financial flexibility and borrowing capacity; and distribution growth.

Investors are cautioned that the following important factors, including among others, may affect these forward-looking statements: the fact that a significant portion of Delek Logistics' revenue is derived from Delek US, thereby subjecting us to Delek US' business risks; political or regulatory developments, including tariffs, taxes and changes in governmental policies relating to crude oil, natural gas, refined products or renewables; 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; Delek Logistics' ability to realize cost reductions; the impact of adverse market conditions affecting the utilization of Delek Logistics' assets and business performance, including margins generated by its wholesale fuel business; risks and uncertainties with respect to the possible benefits of the Delaware Gathering, Permian Gathering, H2O Midstream and Gravity transactions, as well as from integration post-closing; risks related to exposure to Permian Basin crude oil, such as supply, pricing, gathering, production and transportation capacity; uncertainties regarding actions by OPEC and non-OPEC oil producing countries impacting crude oil production and pricing; an inability of Delek US to grow as expected as it relates to our potential future growth opportunities, including dropdowns, and other potential benefits; projected capital expenditures; scheduled turnaround activity; the results of our investments in joint ventures; 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.

Forward-looking statements should not be read as a guarantee of future performance or results and will not be accurate indications of the times at, or by, which such performance or results will be achieved.

Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Delek Logistics undertakes no obligation to update or revise any such forward-looking statements to reflect events or circumstances that occur, or which Delek Logistics becomes aware of, after the date hereof, except as required by applicable law or regulation.

DPG Drop

On May 1, 2025, Delek Holdings transferred the Delek Permian Gathering purchasing and blending business to Delek Logistics (the "DPG Dropdown"). In connection with the DPG Dropdown, Delek Logistics assumed all of Delek Holdings' rights and obligations to purchase crude oil under certain contracts associated with Delek Logistics' existing Midland Gathering System. In addition, line fill inventory amounting to $6.9 million was transferred to Delek Logistics. Total consideration included the cancellation of $58.8 million in existing receivables owed to Delek Logistics by Delek Holdings.

Sales-Type Leases

During the third quarter of 2024, Delek Logistics and Delek US renewed and amended certain commercial agreements. These amendments required the embedded leases within these agreements to be reassessed under Accounting Standards Codification 842, Leases. As a result of these amendments, certain of these agreements met the criteria to be accounted for as sales-type leases. Therefore, portions of our payments received for minimum volume commitments under agreements subject to sales-type lease accounting are recorded as interest income with the remaining amounts recorded as a reduction in net investment in leases. Prior to the amendments, these agreements were accounted for as operating leases and these minimum volume commitments were recorded as revenues.

Non-GAAP Disclosures

Our management uses certain "non-GAAP" operational measures to evaluate our operating segment performance and non-GAAP financial measures to evaluate past performance and prospects for the future to supplement our financial information presented in accordance with United States ("U.S.") Generally Accepted Accounting Principles ("GAAP"). These financial and operational non-GAAP measures are important factors in assessing our operating results and profitability and include:

Earnings before interest, taxes, depreciation and amortization ("EBITDA") - calculated as net income before interest, income taxes, depreciation and amortization, including amortization of customer contract intangible assets, which is included as a component of net revenues.
Adjusted EBITDA - EBITDA adjusted for (i) significant, infrequently occurring transaction costs and (ii) throughput and storage fees associated with the lease component of commercial agreements subject to sales-type lease accounting.
Distributable cash flow - calculated as net cash flow from operating activities adjusted for changes in assets and liabilities, maintenance capital expenditures net of reimbursements, sales-type lease receipts, net of income recognized and other adjustments not expected to settle in cash.
Distributable cash flow, as adjusted - calculated as distributable cash flow adjusted to exclude significant, infrequently occurring transaction costs.

Our EBITDA, Adjusted EBITDA, distributable cash flow and distributable cash flow, as adjusted, measures are non-GAAP supplemental financial measures that management and external users of our consolidated financial statements, such as industry analysts, investors, lenders and rating agencies, may use to assess:

Delek Logistics' operating performance as compared to other publicly traded partnerships in the midstream energy industry, without regard to historical cost basis or, in the case of EBITDA and Adjusted EBITDA, financing methods;
the ability of our assets to generate sufficient cash flow to make distributions to our unitholders on a current and on-going basis;
Delek Logistics' ability to incur and service debt and fund capital expenditures; and
the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.

We believe that the presentation of these non-GAAP measures provide information useful to investors in assessing our financial condition and results of operations and assists in evaluating our ongoing operating performance and liquidity for current and comparative periods. Non-GAAP measures should not be considered alternatives to net income, operating income, cash flow from operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP. Non-GAAP measures have important limitations as analytical tools, because they exclude some, but not all, items that affect net earnings, net cash provided by operating activities and operating income. These measures should not be considered substitutes for their most directly comparable U.S. GAAP financial measures. Additionally, because EBITDA, Adjusted EBITDA, distributable cash flow and distributable cash flow, as adjusted may be defined differently by other partnerships in our industry, our definitions may not be comparable to similarly titled measures of other partnerships, thereby diminishing their utility. See the accompanying tables in this earnings release for a reconciliation of these non-GAAP measures to the most directly comparable GAAP measures. However, due to the inherent difficulty and impracticability of estimating certain amounts required by U.S. GAAP with a reasonable degree of certainty at this time without unreasonable effort and imprecision, we have not provided a reconciliation of forward-looking Adjusted EBITDA guidance.

Delek Logistics Partners, LP
Consolidated Balance Sheets (Unaudited)
(In thousands, except unit data)

	September 30, 2025			December 31, 2024
ASSETS
Current assets:
Cash and cash equivalents	$	6,912		$	5,384
Accounts receivable		91,816			54,725
Accounts receivable from related parties		242,366			33,313
Lease receivable - affiliate		21,632			22,783
Inventory		18,635			5,427
Other current assets		1,432			24,260
Total current assets		382,793			145,892
Property, plant and equipment:
Property, plant and equipment		1,794,458			1,375,391
Less: accumulated depreciation		(375,615	)		(311,070	)
Property, plant and equipment, net		1,418,843			1,064,321
Equity method investments		325,753			317,152
Customer relationship intangibles, net		238,571			186,911
Other intangibles, net		134,237			94,547
Goodwill		12,203			12,203
Operating lease right-of-use assets		12,844			16,654
Net lease investment - affiliate		186,560			193,126
Other non-current assets		35,437			10,753
Total assets	$	2,747,241		$	2,041,559

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	308,405		$	41,380
Interest payable		27,860			30,665
Excise and other taxes payable		17,922			6,764
Current portion of operating lease liabilities		3,490			5,340
Accrued expenses and other current liabilities		12,556			4,629
Total current liabilities		370,233			88,778
Non-current liabilities:
Long-term debt, net of current portion		2,288,318			1,875,397
Operating lease liabilities, net of current portion		4,134			6,004
Asset retirement obligations		23,445			15,639
Other non-current liabilities		43,639			20,213
Total non-current liabilities		2,359,536			1,917,253
Total liabilities		2,729,769			2,006,031
Equity:
Common unitholders - public; 19,611,965 units issued and outstanding at September 30, 2025 (17,374,618 at December 31, 2024)		514,884			440,957
Common unitholders - Delek Holdings; 33,868,203 units issued and outstanding at September 30, 2025 (34,111,278 at December 31, 2024)		(497,412	)		(405,429	)
Total equity		17,472			35,528
Total liabilities and equity	$	2,747,241		$	2,041,559

Delek Logistics Partners, LP
Consolidated Statement of Income and Comprehensive Income (Unaudited)
(In thousands, except unit and per unit data)

	Three Months Ended September 30,						Nine Months Ended September 30,
		2025			2024			2025			2024
Net revenues:
Affiliate	$	131,016		$	114,899		$	371,420		$	411,352
Third party		130,261			99,171			386,137			319,421
Net revenues		261,277			214,070			757,557			730,773
Cost of sales:
Cost of materials and other - affiliate		85,486			84,015			259,863			279,962
Cost of materials and other - third party		44,238			33,495			118,274			99,300
Operating expenses (excluding depreciation and amortization presented below)		43,472			27,746			121,627			88,895
Depreciation and amortization		34,128			19,969			86,505			67,882
Total cost of sales		207,324			165,225			586,269			536,039
Operating expenses related to wholesale business (excluding depreciation and amortization presented below)		381			174			1,285			569
General and administrative expenses		4,520			15,745			22,328			26,624
Depreciation and amortization		671			1,235			3,107			4,024
Other operating expense (income), net		3,013			(117	)		(835	)		(1,294	)
Total operating costs and expenses		215,909			182,262			612,154			565,962
Operating income		45,368			31,808			145,403			164,811
Interest income		(26,716	)		(23,470	)		(72,801	)		(23,498	)
Interest expense		47,991			37,022			130,803			112,547
Income from equity method investments		(21,878	)		(15,602	)		(42,564	)		(31,974	)
Other expense (income), net		67			34			26			(177	)
Total non-operating expenses, net		(536	)		(2,016	)		15,464			56,898
Income before income tax expense		45,904			33,824			129,939			107,913
Income tax expense		344			150			771			533
Net income		45,560			33,674			129,168			107,380
Comprehensive income		45,560			33,674		$	129,168		$	107,380
Net income per unit:
Basic	$	0.85		$	0.71		$	2.41		$	2.32
Diluted	$	0.85		$	0.71		$	2.41		$	2.32
Weighted average common units outstanding:
Basic		53,467,306			47,109,008			53,505,419			46,248,003
Diluted		53,519,572			47,135,101			53,540,795			46,269,423

Delek Logistics Partners, LP

Condensed Consolidated Statements of Cash Flows (In thousands)	Three Months Ended September 30,						Nine Months Ended September 30,
(Unaudited)		2025			2024			2025			2024
Cash flows from operating activities
Net cash provided by operating activities	$	54,937		$	24,944		$	193,910		$	156,441
Cash flows from investing activities
Net cash used in investing activities		(63,978	)		(299,107	)		(411,661	)		(314,528	)
Cash flows from financing activities
Net cash provided by financing activities		14,517			276,369			219,279			161,649
Net increase in cash and cash equivalents		5,476			2,206			1,528			3,562
Cash and cash equivalents at the beginning of the period		1,436			5,111			5,384			3,755
Cash and cash equivalents at the end of the period	$	6,912		$	7,317		$	6,912		$	7,317

Delek Logistics Partners, LP
Reconciliation of Amounts Reported Under U.S. GAAP (Unaudited)
(In thousands)

	Three Months Ended September 30,						Nine Months Ended September 30,
		2025			2024			2025			2024
Reconciliation of Net Income to EBITDA:
Net income	$	45,560		$	33,674		$	129,168		$	107,380
Add:
Income tax expense		344			150			771			533
Depreciation and amortization		34,799			21,204			89,612			71,906
Amortization of marketing contract intangible		—			601			—			4,206
Interest expense, net		21,275			13,552			58,002			89,049
EBITDA		101,978			69,181			277,553			273,074
Asset Impairment		2,802			—			2,802			—
Throughput and storage fees for sales-type leases		30,535			28,972			85,647			28,972
DPG Inventory Impact		100						1,000
Transaction costs		563			8,676			6,408			8,676
Adjusted EBITDA	$	135,978		$	106,829		$	373,410		$	310,722

Reconciliation of net cash from operating activities to distributable cash flow:
Net cash provided by operating activities	$	54,937		$	24,944		$	193,910		$	156,441
Changes in assets and liabilities		20,563			29,049			15,041			31,168
Non-cash lease expense		(1,426	)		(3,788	)		(5,045	)		(5,689	)
Distributions from equity method investments in investing activities		6,598			704			12,168			3,377
Regulatory and sustaining capital expenditures not distributable		(5,600	)		(3,396	)		(10,843	)		(7,682	)
Reimbursement from Delek Holdings for capital expenditures		9			—			28			282
Sales-type lease receipts, net of income recognized		(590	)		5,474			8,437			5,474
Accretion		(737	)		446			(1,784	)		(564	)
Deferred income taxes		(183	)		(247	)		(446	)		(451	)
Gain on disposal of assets		13			97			3,861			6,727
Distributable Cash Flow		73,584			53,283			215,327			189,083
Transaction costs		563			8,676			6,408			8,676
Distributable Cash Flow, as adjusted ⁽¹⁾	$	74,147		$	61,959		$	221,735		$	197,759


⁽¹⁾Distributable cash flow adjusted to exclude transaction costs primarily associated with the H2O Midstream Acquisition and Gravity Acquisition.

Delek Logistics Partners, LP
Distributable Coverage Ratio Calculation (Unaudited)
(In thousands)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Distributions to partners of Delek Logistics, LP	$	59,898	$	56,613	$	178,830	$	158,397

Distributable cash flow	$	73,584	$	53,283	$	215,327	$	189,083
Distributable cash flow coverage ratio ⁽¹⁾	1.23x		0.94x		1.20x		1.19x
Distributable cash flow, as adjusted		74,147		61,959		221,735		197,759
Distributable cash flow coverage ratio, as adjusted ⁽²⁾	1.24x		1.09x		1.24x		1.25x

⁽¹⁾	Distributable cash flow coverage ratio is calculated by dividing distributable cash flow by distributions to be paid in each respective period.
⁽²⁾	Distributable cash flow coverage ratio, as adjusted is calculated by dividing distributable cash flow, as adjusted for transaction costs by distributions to be paid in each respective period.

Delek Logistics Partners, LP
Segment Data (Unaudited)
(In thousands)

	Three Months Ended September 30, 2025
	Gathering and Processing			Wholesale Marketing and Terminalling			Storage and Transportation			Investments in Pipeline Joint Ventures		Corporate and Other			Consolidated
Net revenues:
Affiliate	$	51,165		$	56,816		$	23,035		$	—	$	—		$	131,016
Third party		81,044			47,925			1,292			—		—			130,261
Total revenue	$	132,209		$	104,741		$	24,327		$	—	$	—		$	261,277

Adjusted EBITDA	$	82,787		$	21,374		$	19,280		$	21,878	$	(9,341	)	$	135,978
Asset Impairment		—			2,802			—			—		—			2,802
Transaction costs		—			—			—			—		563			563
DPG Inventory Impact		100			—			—			—		—			100
Throughput and storage fees for sales-type leases		13,136			4,369			13,030			—		—			30,535
Segment EBITDA	$	69,551		$	14,203		$	6,250		$	21,878	$	(9,904	)	$	101,978
Depreciation and amortization	$	31,801		$	811		$	1,411		$	—	$	776			34,799
Interest income	$	(10,818	)	$	(3,970	)	$	(11,928	)	$	—	$	—			(26,716	)
Interest expense	$	—		$	—		$	—		$	—	$	47,991			47,991
Income tax benefit																344
Net income															$	45,560

Capital spending	$	47,594		$	647		$	1,389		$	—	$	—		$	49,630

	Three Months Ended September 30, 2024
	Gathering and Processing			Wholesale Marketing and Terminalling			Storage and Transportation			Investments in Pipeline Joint Ventures		Corporate and Other			Consolidated
Net revenues:
Affiliate	$	39,910		$	51,682		$	23,307		$	—	$	—		$	114,899
Third party		41,617			55,256			2,298			—		—			99,171
Total revenue	$	81,527		$	106,938		$	25,605		$	—	$	—		$	214,070

Adjusted EBITDA	$	55,024		$	24,695		$	19,404		$	15,602	$	(7,896	)	$	106,829
Transaction costs		—			—			—			—		8,676			8,676
Throughput and storage fees not included in revenue		12,644			4,450			11,878			—		—			28,972
Segment EBITDA	$	42,380		$	20,245		$	7,526		$	15,602	$	(16,572	)		69,181
Depreciation and amortization	$	16,424		$	2,796		$	1,218		$	—	$	766			21,204
Amortization of marketing contract intangible	$	—		$	601		$	—		$	—	$	—			601
Interest income		(11,531	)		(3,707	)		(8,232	)		—		—			(23,470	)
Interest expense	$	—		$	—		$	—		$	—	$	37,022			37,022
Income tax expense																150
Net income															$	33,674

Capital spending	$	62,086		$	1,202		$	1,910		$	—	$	—		$	65,198

	Nine Months Ended September 30, 2025
	Gathering and Processing			Wholesale Marketing and Terminalling			Storage and Transportation			Investments in Pipeline Joint Ventures		Corporate and Other			Consolidated
Net revenues:
Affiliate	$	128,830		$	173,891		$	68,699		$	—	$	—		$	371,420
Third party		239,749			142,164			4,224			—		—			386,137
Total revenue	$	368,579		$	316,055		$	72,923		$	—	$	—		$	757,557

Adjusted EBITDA	$	241,846		$	62,431		$	50,679		$	42,564	$	(24,110	)	$	373,410
		—			2,802			—			—		—			2,802
Transaction costs		—			—			—			—		6,408			6,408
DPG Inventory Impact		1,000			—			—			—		—			1,000
Throughput and storage fees for sales-type leases		39,409			13,250			32,988			—		—			85,647
Segment EBITDA	$	201,437		$	46,379		$	17,691		$	42,564	$	(30,518	)	$	277,553
Depreciation and amortization		80,609			2,715			3,993			—		2,295			89,612
Interest income		(33,296	)		(12,240	)		(27,265	)		—		—			(72,801	)
Interest expense		—			—			—			—		130,803			130,803
Income tax expense																771
Net income															$	129,168

Capital spending	$	236,123		$	802		$	3,837		$	—	$	—		$	240,762

	Nine Months Ended September 30, 2024
	Gathering and Processing			Wholesale Marketing and Terminalling			Storage and Transportation			Investments in Pipeline Joint Ventures		Corporate and Other			Consolidated
Net revenues:
Affiliate	$	143,992		$	175,463		$	91,897		$	—	$	—		$	411,352
Third party		126,061			186,345			7,015			—		—			319,421
Total revenue	$	270,053		$	361,808		$	98,912		$	—	$	—		$	730,773

Adjusted EBITDA	$	167,463		$	80,174		$	54,283		$	31,974	$	(23,172	)	$	310,722
Impairment of goodwill		—			—			—			—		—			—
Transaction costs		—			—			—			—		8,676			8,676
Throughput and storage fees not included in revenue		12,644			4,450			11,878			—		—			28,972
Segment EBITDA	$	154,819		$	75,724		$	42,405		$	31,974	$	(31,848	)		273,074
Depreciation and amortization		56,640			6,143			6,515			—		2,608			71,906
Amortization of marketing contract intangible		—			4,206			—			—		—			4,206
Interest income		(11,559	)		(3,707	)		(8,232	)		—		—			(23,498	)
Interest expense		—			—			—			—		112,547			112,547
Income tax expense																533
Net income															$	107,380

Capital spending	$	84,160		$	1,223		$	5,167		$	—	$	—		$	90,550

Delek Logistics Partners, LP
Segment Capital Spending
(In thousands)

	Three Months Ended September 30,				Nine Months Ended September 30,
Gathering and Processing	2025		2024		2025		2024
Regulatory capital spending	$	286	$	—	$	286	$	—
Sustaining capital spending		3,282		284		5,922		1,292
Growth capital spending		44,026		61,802		229,915		82,868
Segment capital spending		47,594		62,086		236,123		84,160
Wholesale Marketing and Terminalling
Regulatory capital spending		174		379		185		406
Sustaining capital spending		473		823		617		817
Growth capital spending		—		—		—		—
Segment capital spending		647		1,202		802		1,223
Storage and Transportation
Regulatory capital spending		325		366		1,345		688
Sustaining capital spending		1,060		1,544		2,488		4,479
Growth capital spending		4		—		4		—
Segment capital spending		1,389		1,910		3,837		5,167
Consolidated
Regulatory capital spending		785		745		1,816		1,094
Sustaining capital spending		4,815		2,651		9,027		6,588
Growth capital spending		44,030		61,802		229,919		82,868
Total capital spending	$	49,630	$	65,198	$	240,762	$	90,550

Delek Logistics Partners, LP
Segment Operating Data (Unaudited)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Gathering and Processing Segment:
Throughputs (average bpd)
El Dorado Assets:
Crude pipelines (non-gathered)		71,802		68,430		68,340		71,576
Refined products pipelines to Enterprise Systems		59,679		55,283		56,442		59,681
El Dorado Gathering System		9,053		13,886		9,781		12,113
East Texas Crude Logistics System		31,317		35,891		30,462		26,319
Midland Gathering System		222,980		185,179		213,750		201,796
Plains Connection System		185,151		188,421		174,446		218,323
Delaware Gathering Assets:
Natural Gas Gathering and Processing (Mcfd⁽¹⁾)		62,692		75,719		61,157		76,092
Crude Oil Gathering (average bpd)		153,745		125,123		137,828		124,190
Water Disposal and Recycling (average bpd)		87,176		123,856		110,575		123,360
Midland Water Gathering System:
Water Disposal and Recycling (average bpd) ⁽²⁾		616,484		311,290		674,532		311,290

Wholesale Marketing and Terminalling Segment:
East Texas - Tyler Refinery sales volumes (average bpd) ⁽³⁾		67,439		70,172		67,609		69,246
Big Spring marketing throughputs (average bpd) ⁽⁴⁾		—		22,700		—		60,109
West Texas marketing throughputs (average bpd)		2,680		6,552		8,058		5,276
West Texas gross margin per barrel	$	4.50	$	3.38	$	3.41	$	2.85
Terminalling throughputs (average bpd) ⁽⁵⁾		145,808		160,849		144,629		152,272

⁽¹⁾	Mcfd - average thousand cubic feet per day.
⁽²⁾	Consists of volumes of H2O Midstream and Gravity. Gravity 2025 volumes are from January 2, 2025 to September 30, 2025.
⁽³⁾	Excludes jet fuel and petroleum coke.
⁽⁴⁾	Marketing agreement terminated on August 5, 2024 upon assignment to Delek Holdings.
⁽⁵⁾	Consists of terminalling throughputs at our Tyler, Big Spring, Big Sandy and Mount Pleasant, Texas terminals, our El Dorado and North Little Rock, Arkansas terminals and our Memphis and Nashville, Tennessee terminals.

Information about Delek Logistics Partners, LP can be found on its website (www.deleklogistics.com), investor relations webpage (https://www.deleklogistics.com/investor-relations), news webpage (https://www.deleklogistics.com/news-releases) and its X account (@DelekLogistics).

View source version on businesswire.com: https://www.businesswire.com/news/home/20251107925360/en/

Investor Relations and Media/Public Affairs Contact:

investor.relations@delekus.com

Delek Logistics Reports Record Third Quarter 2025 Results