Equity (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Capital Units

The table below summarizes the changes in the number of limited partner units outstanding from December 31, 2023 through September 30, 2024.

	Common - Public	Common - Delek Holdings (1)	Total
Balance at December 31, 2023	9,299,763	34,311,278	43,611,041
Unit-based compensation awards (2)	48,132	—	48,132
Equity offering units issued	3,584,416	—	3,584,416
Redemption of units associated with BSR Marketing Agreement	—	(2,500,000)	(2,500,000)
Issuance of units in connection with W2W Acquisition	—	2,300,000	2,300,000
Balance at September 30, 2024	12,932,311	34,111,278	47,043,589

(1) As of September 30, 2024, Delek Holdings owned a 70.4% interest in the Partnership (on an as-converted basis).

(2) Unit-based compensation awards are presented net of 18,976 units withheld for taxes for nine months ended September 30, 2024.

Schedule of Distributions Made to Members or Limited Partners, by Distribution

Date of Distribution	Distributions paid to Delek Holdings (in thousands)
February 12, 2024	$	36,198
May 15, 2024	36,713
August 14, 2024	37,181
November 14, 2024 (1)	37,352
Total	$	147,444
February 9, 2023	$	34,998
May 15, 2023	35,169
August 14, 2023	35,512
November 13, 2023	35,855
Total	$	141,534

(1) On October 29, 2024, 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 September 30, 2024.

The table below summarizes the quarterly distributions related to our quarterly financial results:

Quarter Ended	Total Quarterly Distribution Per Limited Partner Unit	Total Cash Distribution (in thousands)
March 31, 2023	$1.025	$44,664
June 30, 2023	$1.035	$45,112
September 30, 2023	$1.045	$45,558
March 31, 2024	$1.070	$50,521
June 30, 2024	$1.090	$51,263
September 30, 2024 (1)	$1.100	$51,513

(1) On October 29, 2024, the board of directors of our general partner declared this quarterly cash distribution, payable on November 14, 2024, to unitholders of record on November 8, 2024. The total cash distribution is estimated based on the number of common units outstanding as of September 30, 2024.