Business Context and Reporting Period
Delek Logistics Partners, LP filed this Form 8-K on March 1, 2023. The filing provides unaudited pro forma financial information for the year ended December 31, 2022, reflecting the completed acquisition of 3 Bear Delaware Holding – NM, LLC ("3 Bear") by a subsidiary of the Partnership on June 1, 2022.
Key Financial Metrics
This filing does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It serves as a cover document incorporating pro forma financial statements as Exhibit 99.1. The text explicitly states that the pro forma information is for informational purposes only and does not represent actual historical results or project future performance.
Material Changes
The primary material change addressed is the 3 Bear Acquisition. The pro forma data adjusts the Partnership's financials to reflect the combination with 3 Bear as if the acquisition had occurred at the beginning of the period presented (January 1, 2022).
Guidance, Outlook, and Risks
The filing includes no forward-looking guidance, management commentary on future outlook, or specific risk factors beyond the standard disclaimer that pro forma information is not intended to project future results of operations.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific unaudited pro forma condensed consolidated combined financial statements.
- Verify the actual historical financial results in the concurrently filed Form 10-K for the year ended December 31, 2022.
- Confirm the details of the 3 Bear Acquisition in the original Form 8-K filed on June 2, 2022.
- Note that the pro forma figures are hypothetical and do not reflect actual operational results of the combined entity.