XML 33 R13.htm IDEA: XBRL DOCUMENT v3.23.1
Equity
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Equity Equity
We had 9,263,842 common limited partner units held by the public outstanding as of March 31, 2023. Additionally, as of March 31, 2023, Delek Holdings owned a 78.7% limited partner interest in us, consisting of 34,311,278 common limited partner units.
Equity Activity
The table below summarizes the changes in the number of limited partner units outstanding from December 31, 2022 through March 31, 2023.
Common - PublicCommon - Delek HoldingsTotal
Balance at December 31, 20229,257,305 34,311,278 43,568,583 
Unit-based compensation awards (1)
6,537 — 6,537 
Balance at March 31, 20239,263,842 34,311,278 43,575,120 
(1) Unit-based compensation awards are presented net of 2,196 units withheld for taxes as of March 31, 2023.
Issuance of Additional Securities
Our Partnership Agreement authorizes us to issue an unlimited number of additional partnership securities for the consideration and on the terms and conditions determined by our general partner without the approval of the unitholders. Costs associated with the issuance of securities are allocated to all unitholders' capital accounts based on their ownership interest at the time of issuance.
Cash Distributions
Our Partnership Agreement sets forth the calculation to be used to determine the amount and priority of available cash distributions that our limited partner unitholders will receive. Our distributions earned with respect to a given period are declared subsequent to quarter end.

The table below summarizes the quarterly distributions related to our quarterly financial results:
Quarter EndedTotal Quarterly Distribution Per Limited Partner UnitTotal Cash Distribution
(in thousands)
Date of DistributionUnitholders Record Date
March 31, 2022$0.980$42,604May 12, 2022May 5, 2022
June 30, 2022$0.985$42,832August 11, 2022August 4, 2022
September 30, 2022$0.990$43,057November 10, 2022November 4, 2022
December 31, 2022$1.020$44,440February 9, 2023February 2, 2023
March 31, 2023$1.025$44,664
May 15, 2023 (1)
May 8, 2023
(1) Expected date of distribution.