BRENTWOOD, Tenn., Jan. 24, 2019 (GLOBE NEWSWIRE) -- Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”)
today declared its quarterly cash distribution for the fourth quarter 2018 of $0.81 per common limited partner unit, or $3.24 per
common limited partner unit on an annualized basis. This distribution represents a 2.5 percent increase from the distribution for
the third quarter 2018 of $0.79 per common limited partner unit ($3.16 per common limited partner unit annualized) and a 11.7
percent increase over Delek Logistics’ distribution for the fourth quarter 2017 of $0.725 per common limited partner unit ($2.90
per common limited partner unit annualized). The fourth quarter 2018 cash distribution is payable on February 12, 2019 to
unitholders of record on February 4, 2019.
About Delek Logistics Partners, LP
Delek Logistics Partners, LP, headquartered in Brentwood, Tennessee, is a growth-oriented master limited partnership formed by
Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) to own, operate, acquire and construct crude oil and refined products logistics and
marketing assets.
Safe Harbor Provisions Regarding Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of 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, and can be impacted
by numerous factors, including the fact that a substantial majority of Delek Logistics' contribution margin is derived from Delek
US, thereby subjecting us to Delek US' business risks; risks relating to the securities markets generally; 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; the impact of adverse market conditions affecting the business of Delek Logistics, including margins
generated by its wholesale fuel business; adverse changes in laws including with respect to tax and regulatory matters 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. These forward-looking statements include, but are not limited to, statements
regarding Delek Logistics’ distribution including the amounts and timing thereof. There can be no assurance that actual
results will not differ from those expected by management or described in forward-looking statements of Delek Logistics. Delek
Logistics undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances that
occur, or which Delek Logistics becomes aware of, after the date hereof.
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.
Investor Relations Contact:
Keith Johnson
Vice President of Investor
Relations
615-435-1366
Media/Public Affairs Contact:
Michael P. Ralsky
Vice President - Government Affairs, Public Affairs & Communications
615-435-1407
