Delek Logistics Partners (DKL) Investor Update Presentation summary

Strategic positioning and operations

• Provides full-suite midstream services for natural gas, crude, and water in the Permian Basin, with a focus on enabling increased sour gas production in the Delaware Basin through acid gas injection capabilities.

• Pursues operational excellence, continuous asset optimization, and accretive organic and inorganic growth, leveraging a strong Permian presence.

• Expands third-party cash flows and economic separation from its sponsor, aiming to become a strong independent midstream company.

Growth initiatives and acquisitions

• Acquired Gravity Water Holdings LLC for $209.3 million in cash and 2.18 million common units, integrating with H2O Midstream to expand water gathering and unlock synergies.

• Acquired a 15.6% interest in the Wink to Webster crude pipeline for $83.9 million in cash, forgiveness of a $60 million receivable, and 2.3 million common units, enhancing fee-based earnings and distributable cash flow.

• Continues to expand crude and water gathering footprints in Midland and Delaware, with dedicated acreage and increased system capacity.

Asset base and joint ventures

• Operates significant crude gathering systems in Midland (~400,000 acres) and Delaware (>160,000 acres), with long-term fixed-fee contracts and 220 miles of pipeline.

• Holds interests in key joint ventures: RIO Pipeline (33%), Caddo Pipeline (50%), Red River Pipeline (33%), and Wink to Webster Pipeline (15.6%), providing strategic connectivity and market access.

• Integrated water midstream assets with Gravity and H2O, offering scale and operational synergies across the Permian.