Business Context and Reporting Period
Company: Delek Logistics Partners, LP
Filing Type: Form 8-K (Current Report)
Date of Report: June 25, 2013
Event: Regulation FD Disclosure regarding the commencement of using new investor presentation materials (Exhibit 99.1) for presentations to existing and prospective investors.
Financial Metrics
This filing does not contain specific financial data. The document serves as a disclosure notice for the availability of investor presentation materials. Consequently, no values are provided for revenue, profit, cash flow, margins, debt, or liquidity within this text.
Material Changes
No material changes to financial results or operations are reported in this filing. The only change noted is the effective date (June 25, 2013) for the use of updated investor presentation materials.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing includes a comprehensive disclaimer regarding forward-looking statements found in the associated investor presentation. These statements reflect management's current estimates and are subject to significant risks and uncertainties.
Key Risks Identified:
- Substantial dependence on Delek and its ability to pay under commercial agreements.
- Timing and extent of changes in commodity prices and demand for Delek's refined products.
- Suspension, reduction, or termination of obligations under commercial agreements.
- Disruptions due to acts of God, equipment failure, or facility interruptions.
- Reliance on information technology systems.
- Changes in general economic conditions and competitive industry conditions.
- Ability to complete internal growth projects on time and on budget.
- Operating hazards related to transporting and storing crude oil and refined products.
- Changes in the availability and cost of capital.
- Regulatory changes, including those by the Federal Energy Regulatory Commission (FERC).
Key Facts for Investor Verification
- Verify the content of the "Investor Presentation" (Exhibit 99.1) referenced in this filing, as the 8-K itself does not contain the specific financial projections or strategic details.
- Confirm the current status of commercial agreements with Delek, given the disclosed risk of dependence on their ability to pay.
- Review the company's website (www.deleklogistics.com) for the full text of the presentation materials mentioned.
- Note that the information in this Item 7.01 is furnished, not filed, and will not be incorporated by reference into registration statements unless specifically identified.