DELEK LOGISTICS PARTNERS, LP (NYSE:DKL) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
Effective May 30, 2017, senior management of the general partner of
Delek Logistics Partners, LP (the Partnership, our or we) will
begin using the materials included in Exhibit 99.1 to this report
(the Investor Presentation) in connection with presentations to
existing and prospective investors. The Investor Presentation is
incorporated into this Item 7.01 by this reference and will also be
available on the Partnership’s website at www.deleklogistics.com.
Delek Logistics Partners, LP (the Partnership, our or we) will
begin using the materials included in Exhibit 99.1 to this report
(the Investor Presentation) in connection with presentations to
existing and prospective investors. The Investor Presentation is
incorporated into this Item 7.01 by this reference and will also be
available on the Partnership’s website at www.deleklogistics.com.
The information in this Item 7.01 is being furnished, not filed, to
Regulation FD. Accordingly, the information in Item 7.01 of this
report will not be incorporated by reference into any registration
statement filed by the Partnership under the Securities Act of
1933, as amended, unless specifically identified therein as being
incorporated therein by reference. The furnishing of the
information in this report is not intended to, and does not,
constitute a determination or admission by the Partnership that the
information in this report is material or complete, or that
investors should consider this information before making an
investment decision with respect to any security of the Partnership
or any of its affiliates.
Regulation FD. Accordingly, the information in Item 7.01 of this
report will not be incorporated by reference into any registration
statement filed by the Partnership under the Securities Act of
1933, as amended, unless specifically identified therein as being
incorporated therein by reference. The furnishing of the
information in this report is not intended to, and does not,
constitute a determination or admission by the Partnership that the
information in this report is material or complete, or that
investors should consider this information before making an
investment decision with respect to any security of the Partnership
or any of its affiliates.
Forward-Looking Statements
This report contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These forward-looking statements
reflect our current estimates, expectations and projections about
our future results, performance, prospects and opportunities.
Forward-looking statements include, among other things, the
information concerning our possible future results of operations,
business and growth strategies and statements of management’s
goals and objectives, and other similar expressions concerning
matters that are not historical facts. Words such as may, will,
should, could, would, predicts, potential, continue, expects,
anticipates, future, intends, plans, believes, estimates, appears,
projects and similar expressions, as well as statements in future
tense, identify forward-looking statements.
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These forward-looking statements
reflect our current estimates, expectations and projections about
our future results, performance, prospects and opportunities.
Forward-looking statements include, among other things, the
information concerning our possible future results of operations,
business and growth strategies and statements of management’s
goals and objectives, and other similar expressions concerning
matters that are not historical facts. Words such as may, will,
should, could, would, predicts, potential, continue, expects,
anticipates, future, intends, plans, believes, estimates, appears,
projects and similar expressions, as well as statements in future
tense, identify forward-looking statements.
Forward-looking statements should not be read as a guarantee of
future performance or results, and will not necessarily 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. Important
factors that, individually or in the aggregate, could cause such
differences include, but are not limited to:
future performance or results, and will not necessarily 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. Important
factors that, individually or in the aggregate, could cause such
differences include, but are not limited to:
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our substantial dependence on Delek US Holdings, Inc. and its
subsidiaries (“Delek”) (NYSE: DK) or its assignees and their respective ability to pay us under our commercial agreements; |
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the age and condition of our assets and operating hazards and
other risks incidental to transporting, storing and gathering crude oil, intermediate and refined products, including, but not limited to, costs, penalties, regulatory or legal actions and other effects related to spills, releases and tank failures; |
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the effects of existing and future laws and governmental
regulations, including, but not limited to, the rules and regulations promulgated by the Federal Energy Regulatory Commission (“FERC”) and those relating to environmental protection, pipeline integrity and safety; |
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the timing and extent of changes in commodity prices and
demand for refined products; |
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the wholesale marketing margins we are able to obtain and the
number of barrels of product we are able to sell in our west Texas wholesale business; |
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the suspension, reduction, expiration or termination of
Delek’s or its assignees’ or any third-party’s obligations under our commercial agreements; |
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other factors discussed in our other filings with the United
States Securities and Exchange Commission. |
In light of these risks, uncertainties and assumptions, our actual
results of operations and execution of our business strategy could
differ materially from those expressed in, or implied by, the
forward-looking statements, and you should not place undue reliance
upon them. In addition, past financial and/or operating performance
is not necessarily a reliable indicator of future performance and
you should not use our historical performance to anticipate results
or future period trends. We can give no assurances that any of the
events anticipated by the forward-looking statements will occur or,
if any of them do, what impact they will have on our results of
operations and financial condition.
results of operations and execution of our business strategy could
differ materially from those expressed in, or implied by, the
forward-looking statements, and you should not place undue reliance
upon them. In addition, past financial and/or operating performance
is not necessarily a reliable indicator of future performance and
you should not use our historical performance to anticipate results
or future period trends. We can give no assurances that any of the
events anticipated by the forward-looking statements will occur or,
if any of them do, what impact they will have on our results of
operations and financial condition.
Forward-looking statements speak only as of the date the statements
are made. We assume no obligation to update forward-looking
statements to reflect actual results, changes in assumptions or
changes in other factors affecting forward-looking information
except to the extent required by applicable securities laws. If we
do update one or more forward-looking statements, no inference
should be drawn that we will make additional updates with respect
thereto or with respect to other forward-looking statements.
are made. We assume no obligation to update forward-looking
statements to reflect actual results, changes in assumptions or
changes in other factors affecting forward-looking information
except to the extent required by applicable securities laws. If we
do update one or more forward-looking statements, no inference
should be drawn that we will make additional updates with respect
thereto or with respect to other forward-looking statements.
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Shell company transactions.
Not applicable.
(d) Exhibits.
99.1 Investor presentation materials to be used beginning May 30,
2017.
2017.
About DELEK LOGISTICS PARTNERS, LP (NYSE:DKL)
Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products. The Company’s business primarily consists of certain crude oil, intermediate and refined products pipelines and transportation, storage, wholesale marketing, terminaling and offloading assets, which were previously owned, operated or held by Delek US Holdings, Inc. (Delek), and assets acquired from unrelated third parties. The Company operates through two segments: Pipelines and Transportation segment, and Wholesale Marketing and Terminalling segment. The Company engaged in the gathering, transporting and storing crude oil; storing intermediate products and feed stocks, and marketing, distributing, transporting and storing refined products. The Company also provides crude oil, intermediate and refined products transportation services for terminaling, and marketing services to third parties primarily in Texas, Tennessee and Arkansas. DELEK LOGISTICS PARTNERS, LP (NYSE:DKL) Recent Trading Information
DELEK LOGISTICS PARTNERS, LP (NYSE:DKL) closed its last trading session up +0.15 at 30.85 with 31,686 shares trading hands.
