Equity (Tables)

12 Months Ended

Dec. 31, 2022

The table below summarizes the changes in the number of units outstanding from December 31, 2020 through December 31, 2022.


	Common - Public	Common - Delek Holdings	General Partner	Total
Balance at December 31, 2019	9,131,579	15,294,046	498,482	24,924,107
General partner units issued to maintain 2% interest	—	—	102,196	102,196
Unit-based compensation awards (1)	17,711	—	—	17,711
Midland Gathering Assets Acquisition equity issuance	—	5,000,000	—	5,000,000
Delek Holdings unit purchases from public	(451,822)	451,822	—	—
General Partner units converted to non-economic general partner interest	—	—	(600,678)	(600,678)
Common limited partner units issued in IDR Restructuring Transaction	—	14,000,000	—	14,000,000
Balance at December 31, 2020	8,697,468	34,745,868	—	43,443,336
Delek Holdings resale of units	49,068	(49,068)	—	—
Unit-based compensation awards (1)	27,517	—	—	27,517
Balance at December 31, 2021	8,774,053	34,696,800	—	43,470,853
Delek Holdings resale of units	385,522	(385,522)	—	—
Unit-based compensation awards (1)	38,538	—	—	38,538
Issuance of units pursuant to the Equity Distribution Agreement	59,192	—	—	59,192
Balance at December 31, 2022	9,257,305	34,311,278	—	43,568,583

(1) Unit-based compensation awards are presented net of 12,224, 5,315 and 926 units withheld for taxes as of December 31, 2022, 2021 and 2020, respectively.

Schedule of Calculation of Net Income Applicable to Partners

The following table presents the allocation of the general partner's interest in net income (in thousands, except percentage of ownership interest):


	Year Ended December 31,
	2022			2021			2020
Net income attributable to partners	$	159,052		$	164,822		$	159,256
Less: General partner's IDRs	—			—			(17,632)
Net income available to partners	$	159,052		$	164,822		$	141,624
General partner's ownership interest	—		%	—		%	2.0		%
General partner's allocated interest in net income	—			—			1,092
General partner's IDRs	—			—			17,632
Total general partner's interest in net income	$	—		$	—		$	18,724

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

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)		Date of Distribution	Unitholders Record Date
December 31, 2020	$	0.910	$	39,533	February 9, 2021	February 2, 2021
March 31, 2021	$	0.920	$	39,968	May 14, 2021	May 10, 2021
June 30, 2021	$	0.940	$	40,846	August 11, 2021	August 5, 2021
September 30, 2021	$	0.950	$	41,286	November 10, 2021	November 5, 2021
December 31, 2021	$	0.975	$	42,384	February 8, 2022	February 1, 2022
March 31, 2022	$	0.980	$	42,604	May 12, 2022	May 5, 2022
June 30, 2022	$	0.985	$	42,832	August 11, 2022	August 4, 2022
September 30, 2022	$	0.990	$	43,057	November 10, 2022	November 4, 2022
December 31, 2022	$	1.020	$	44,440	February 9, 2023	February 2, 2023

The allocations of total quarterly cash distributions made to general and limited partners for the years ended December 31, 2022, 2021 and 2020 are set forth in the table below. Distributions earned with respect to a given period are declared subsequent to quarter end. Therefore, the table below presents total cash distributions applicable to the period in which the distributions are earned (in thousands, except per unit amounts):


	Year Ended December 31,
	2022		2021		2020
General partner's distributions:
General partner's distributions	$	—	$	—	$	986
General partner's IDRs	—		—		17,632
Total general partner's distributions	—		—		18,618

Limited partners' distributions:
Common limited partners' distributions	172,933		164,484		127,070
Total cash distributions	$	172,933	$	164,484	$	145,688
Cash distributions per limited partner unit	$	3.975	$	3.785	$	3.605