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Equity (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Capital Units
The table below summarizes the changes in the number of limited partner units outstanding from December 31, 2024 through March 31, 2025.
Common - Public
Common - Delek Holdings (1)
Total
Balance at December 31, 202417,374,618 34,111,278 51,485,896 
Unit-based compensation awards (2)
14,934 — 14,934 
Issuance of units in connection with Gravity Acquisition2,175,209 — 2,175,209 
Unit repurchase— (243,075)(243,075)
Balance at March 31, 202519,564,761 33,868,203 53,432,964 
(1) As of March 31, 2025, Delek Holdings owned a 63.4% interest in the Partnership.
(2) Unit-based compensation awards are presented net of 6,976 units withheld for taxes for three months ended March 31, 2025.
Schedule of Distributions Made to Members or Limited Partners, by Distribution
Date of DistributionDistributions paid to Delek Holdings (in thousands)
February 11, 2025$37,693 
May 15, 2025 (1)
37,594 
Total$75,287 
February 12, 2024$36,198 
May 15, 202436,713 
Total$72,911 
(1) On April 28, 2025, 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 March 31, 2025.
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)
December 31, 2023$1.055$46,010
March 31, 2024$1.070$50,521
June 30, 2024$1.090$51,263
September 30, 2024$1.100$56,613
December 31, 2024$1.105$59,302
March 31, 2025 (1)
$1.110$59,311
(1) On April 28, 2025, the board of directors of our general partner declared this quarterly cash distribution, payable on May 15, 2025, to unitholders of record on May 8, 2025. The total cash distribution is estimated based on the number of common units outstanding as of March 31, 2025.