Delek Logistics Partners shares are trading lower after the company announced an offering of 4 million units at $50.00 per unit.

This Oil Dividend Just Got a Raise. Here's What It Means for Shareholders.

Delek Logistics Partners raised its quarterly dividend for the third time in 2026, marking its 54th consecutive quarterly increase. However, the company announced a dilutive 4 million-share offering at $50/share, causing a 13% stock decline. Despite the near-term headwind, the stock is up 17.2% year-to-date and now yields 7.7%, with management using proceeds to retire debt and progressing toward separation from parent company Delek US.

8-K filing — Delek Logistics Partners, LP (DKL)

Filed: 2026-08-14 AccNo: 0001193125-26-352363 Size: 180 KB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits

Delek Logistics Partners Prices Public Offering Of 4M Common Units At $50.00 Per Unit To Repay Revolving Credit Borrowings