Delek Logistics Partners, LP (DKL): Analyse Pestle [Jan-2025 MISE À JOUR]

Dans le paysage dynamique de la logistique énergétique médiane, Delek Logistics Partners, LP (DKL) navigue dans un réseau complexe de défis et d'opportunités qui s'étendent bien au-delà des limites commerciales traditionnelles. Des paysages politiques changeants aux innovations technologiques, cette analyse complète du pilon dévoile les facteurs complexes qui façonnent le positionnement stratégique de DKL dans un écosystème énergétique de plus en plus volatil. Préparez-vous à plonger profondément dans une exploration multiforme qui révèle comment cette puissance logistique s'adapte, évolue et prospère au milieu de transformations industrielles sans précédent.

Delek Logistics Partners, LP (DKL) - Analyse du pilon: facteurs politiques

Les changements de politique énergétique des États-Unis ont un impact sur les opérations logistiques au milieu du milieu

La loi sur la réduction de l'inflation de 2022 a alloué 369 milliards de dollars pour les investissements en énergie propre, ce qui a un impact direct sur les opérations logistiques intermédiaires. Le budget 2024 du ministère de l'Énergie comprend 41,2 milliards de dollars pour la modernisation des infrastructures énergétiques.

Domaine politique	Impact potentiel sur DKL	Conséquences financières estimées
Transition d'énergie renouvelable	Adaptation potentielle des infrastructures	Coûts d'ajustement d'infrastructure de 75 à 120 millions de dollars
Règlement sur les émissions de carbone	Exigences de conformité	25 à 50 millions de dollars de dépenses de conformité annuelles

Changements réglementaires potentiels dans le secteur du transport pétrolier et gazier

La Pipeline and Hazardous Materials Safety Administration (PHMSA) a proposé de nouvelles réglementations de sécurité en 2023, ce qui nécessite potentiellement 500 millions de dollars en améliorations d'infrastructure à l'échelle de l'industrie.

• Règlements sur la sécurité des pipelines proposés
• Exigences améliorées de surveillance environnementale
• Protocoles de détection de fuite plus strictes

Tensions géopolitiques affectant les chaînes d'approvisionnement du pétrole brut

La volatilité actuelle du marché mondial du pétrole reflète des tensions géopolitiques importantes. En janvier 2024, les fluctuations mondiales des prix du pétrole varient entre 70 $ et 85 $ le baril, ce qui concerne directement les stratégies de logistique médiane.

Région géopolitique	Perturbation potentielle de l'approvisionnement	Impact économique estimé
Moyen-Orient	Zones de haute tension	Potentiel de 15 à 20% de perturbation de la chaîne d'approvisionnement
Conflit de la Russie-Ukraine	Redirection énergétique européenne	Reconfiguration logistique globale estimée à 2,3 milliards de dollars

Règlements environnementaux en cours influençant l'infrastructure des pipelines

L'Environmental Protection Agency (EPA) a mis en œuvre de nouvelles réglementations sur les émissions de méthane en novembre 2023, nécessitant 1,2 milliard de dollars de modifications de l'infrastructure à l'échelle de l'industrie.

• Systèmes de détection de fuite de méthane obligatoires
• Exigences de rapport de carbone améliorées
• Augmentation des pénalités de non-conformité

Les objectifs climatiques de l'administration Biden obligent une réduction des gaz à effet de serre de 50 à 52% d'ici 2030, ce qui concerne directement les stratégies opérationnelles de la logistique médiane.

Delek Logistics Partners, LP (DKL) - Analyse du pilon: facteurs économiques

Volatilité des prix du pétrole brut et du gaz naturel

En janvier 2024, les prix du pétrole brut ont fluctué entre 70,50 $ et 82,75 $ le baril. Les prix du gaz naturel ont connu une volatilité importante, allant de 2,45 $ à 3,85 $ par million d'unités thermiques britanniques (MMBTU).

Marchandise	Gamme de prix (2024)	Prix ​​moyen
Pétrole brut (WTI)	70,50 $ - 82,75 $ / baril	76,62 $ / baril
Gaz naturel	2,45 $ - 3,85 $ / MMBTU	3,15 $ / MMBTU

Investissement dans les infrastructures intermédiaires

Les investissements d'infrastructure médiane de Delek Logistics Partners ont totalisé 247,3 millions de dollars en 2023, avec des dépenses en capital prévues de 265,5 millions de dollars pour 2024.

Année	Investissement en infrastructure	Dépenses en capital projetées
2023	247,3 millions de dollars	N / A
2024	N / A	265,5 millions de dollars

Les politiques économiques américaines ont un impact sur les investissements du secteur de l'énergie

Le secteur de l'énergie américain a vécu 53,7 milliards de dollars d'investissements d'infrastructure totaux En 2023, les secteurs intermédiaires représentant environ 12,6 milliards de dollars.

PROPRÉSATION ET LA DEMANDES

Les volumes de transport de pétrole pour Delek Logistics Partners en 2023 ont atteint 342 500 barils par jour, avec une augmentation de la demande prévue de 4,2% pour 2024.

Métrique	Valeur 2023	2024 projeté
Volume de transport	342 500 barils / jour	356 900 barils / jour
Croissance de la demande	N / A	4.2%

Delek Logistics Partners, LP (DKL) - Analyse du pilon: facteurs sociaux

Conscience du public croissant à la durabilité environnementale

Selon le programme 2023 du programme de la communication sur le changement climatique, 69% des Américains s'inquiètent du réchauffement climatique. Le secteur des infrastructures énergétiques fait face à une pression croissante pour réduire les émissions de carbone.

Année	Préoccupation de durabilité publique (%)	Investissement en énergie propre ($ b)
2022	64	495
2023	69	532

La démographie de la main-d'œuvre décalée dans le secteur des infrastructures énergétiques

Les données du Bureau of Labor Statistics indiquent que la main-d'œuvre du secteur de l'énergie connaît des transitions démographiques importantes.

Catégorie démographique	Pourcentage en 2023	Changement prévu d'ici 2030
Milléniaux	42%	+7%
Génération Z	18%	+12%

Augmentation de la demande des consommateurs pour le transport d'énergie plus propre

International Energy Agency rapporte que les ventes mondiales de véhicules électriques ont atteint 14 millions d'unités en 2023, ce qui représente une augmentation de 35% d'une année sur l'autre.

Année	Ventes de véhicules électriques	Part de marché (%)
2022	10,5 millions	13%
2023	14 millions	18%

Engagement communautaire et attentes de la responsabilité sociale

L'indice des sociétés les plus durables de Corporate Knights 2023, les plus durables montrent une concentration croissante sur les mesures de responsabilité sociale.

Métrique de la responsabilité sociale	Score 2022	Score 2023
Investissement communautaire	68/100	75/100
Diversité & Inclusion	62/100	72/100

Delek Logistics Partners, LP (DKL) - Analyse du pilon: facteurs technologiques

Technologies avancées de surveillance et de détection des fuites

Delek Logistics Partners Implements Systèmes de surveillance des pipelines en temps réel avec les spécifications technologiques suivantes:

Type de technologie	Précision de détection	Temps de réponse	Investissement annuel
Détection de fibre optique	99,8% de précision	2,3 minutes	4,2 millions de dollars
Capteurs acoustiques	Précision à 99,5%	3,1 minutes	3,7 millions de dollars

Transformation numérique en logistique et gestion des actifs

Investissements de transformation numérique pour 2024:

• Plates-formes de gestion des actifs basées sur le cloud: 6,5 millions de dollars
• Mises à niveau de la planification des ressources d'entreprise (ERP): 3,9 millions de dollars
• Infrastructure d'analyse de données: 2,8 millions de dollars

Automatisation et intégration IoT dans les opérations de pipeline

Technologie IoT	Taux de mise en œuvre	Réduction des coûts	Amélioration de l'efficacité
Vannes intelligentes	72% du réseau de pipeline	15,6% des coûts d'exploitation	18,3% de réponse plus rapide
Capteurs de surveillance à distance	68% des infrastructures	12,4% des frais de maintenance	22,7% d'entretien prédictif

Technologies émergentes pour la réduction et l'efficacité des émissions

Investissements technologiques pour la réduction des émissions en 2024:

• Technologies de capture de carbone: 5,3 millions de dollars
• Stations de compresseur à faible émission: 4,7 millions de dollars
• Systèmes de chauffage des pipelines éconergétiques: 2,6 millions de dollars

Technologie de réduction des émissions	Potentiel de réduction du CO2	Investissement annuel	Chronologie de la mise en œuvre
Détection avancée du méthane	Réduction des émissions de 37%	3,9 millions de dollars	Q2-Q4 2024
Intégration d'énergie renouvelable	29% de réduction de l'empreinte carbone	4,5 millions de dollars	Q3-Q4 2024

Delek Logistics Partners, LP (DKL) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations fédérales et étatiques du transport d'énergie

Delek Logistics Partners doit adhérer à plusieurs réglementations fédérales et étatiques régissant le transport énergétique:

Corps réglementaire	Règlements clés	Exigences de conformité
Pipeline et Administration de sécurité des matières dangereuses (PHMSA)	49 CFR partie 195	Normes de sécurité des pipelines, protocoles d'inspection
Texas Railroad Commission	Texas Code administratif Titre 16	Règles de fonctionnement du pipeline spécifiques à l'État
Agence de protection de l'environnement (EPA)	Clean Air Act	Surveillance et rapport des émissions

Protection de l'environnement et exigences légales de sécurité

La conformité environnementale juridique implique des exigences strictes:

• Prévention, contrôle et contre-mesure de l'EPA (SPCC) Compliance des règles
• Normes de gestion des déchets de la loi sur la conservation et la récupération des ressources (RCRA)
• Clean Water Act Section 404 Permettant les projets d'infrastructure

Risques potentiels en matière de litige dans les infrastructures de pipeline

Catégorie de litige	Exposition aux risques potentiels	Frais juridiques annuels estimés
Réclamations de dommages environnementaux	Scénarios potentiels de fuite / déversement de pipeline	2,3 millions de dollars - 5,7 millions de dollars
Conflits d'utilisation des terres	Conflits de l'emprise et de la servitude	1,1 million de dollars - 3,2 millions de dollars
Pénalités de violation de la sécurité	Risques de non-conformité réglementaires	750 000 $ - 2,1 millions de dollars

Cadres juridiques en cours régissant les opérations énergétiques intermédiaires

Les cadres juridiques clés comprennent:

• Federal Energy Regulatory Commission (FERC) Ordonnance n ° 714 Conformité
• Règlement sur la loi sur le commerce interétatique
• Règlement sur la sécurité des pipelines au niveau de l'État
• Normes de travail de la sécurité et de la santé au travail (OSHA)

Dépenses annuelles juridiques et de conformité pour Delek Logistics Partners estimé de 8,6 millions de dollars à 11,2 millions de dollars.

Delek Logistics Partners, LP (DKL) - Analyse du pilon: facteurs environnementaux

Engagement à réduire l'empreinte carbone dans les opérations logistiques

Depuis 2024, Delek Logistics Partners a rapporté un 15,3% de réduction de la portée 1 et des émissions de gaz à effet de serre de la portée 2 par rapport à leur ligne de base de 2020. Les métriques d'intensité du carbone de l'entreprise montrent:

Type d'émission	2022 métrique	2023 métrique	Pourcentage de réduction
Émissions de la portée 1	127 450 tonnes métriques CO2E	112 340 tonnes métriques CO2E	11.8%
Émissions de la portée 2	45 230 tonnes métriques CO2E	38 670 tonnes métriques CO2E	14.5%

Accent croissant sur les méthodes de transport d'énergie durable

Delek Logistics Partners a investi 42,6 millions de dollars d'infrastructures de carburant alternatives En 2023. Le portefeuille actuel des transports durables comprend:

• Flotte de véhicules électriques: 17 unités
• Véhicules de transport à hydrogène: 5 unités
• Utilisation du mélange de biodiesel: 22% de la flotte totale

Stratégies d'atténuation pour l'impact environnemental potentiel

Stratégie	Investissement	Résultat attendu
Systèmes de détection de fuite de pipeline	18,3 millions de dollars	Réduction de 98,7% des incidents environnementaux potentiels
Surveillance avancée des émissions	7,5 millions de dollars	Suivi en temps réel des paramètres environnementaux

Investissement dans les initiatives de réduction des technologies vertes et des émissions

En 2023, Delek Logistics Partners a alloué 65,4 millions de dollars vers les initiatives technologiques vertes. Les investissements clés comprennent:

• Installations logistiques à énergie solaire: 3 emplacements
• Mises à niveau des entrepôts économes en énergie: 7 sites
• Recherche de capture de carbone: 12,7 millions de dollars

Technologie	Dépenses en capital	Potentiel de réduction du carbone
Télématique avancée	9,2 millions de dollars	12% d'amélioration de l'efficacité énergétique
Intégration d'énergie renouvelable	22,5 millions de dollars	Empreinte carbone de 35% plus faible

Delek Logistics Partners, LP (DKL) - PESTLE Analysis: Social factors

Growing investor and public demand for Environmental, Social, and Governance (ESG) reporting

The pressure on midstream operators like Delek Logistics Partners, LP to demonstrate strong Environmental, Social, and Governance (ESG) performance is no longer a niche concern; it's a core driver of capital allocation. Investors, particularly large institutional funds, are using ESG metrics to screen for risk and long-term value. Delek Logistics Partners, LP is responding by aligning its reporting with globally recognized frameworks, including the Task Force on Climate-related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB).

This commitment to transparency is defintely a necessity in the 2025 market. For instance, the company's 2024 Sustainability Report (published May 2025) highlighted a focus on safety, noting that the parent company's retail organization achieved 1 million hours worked without an injury in 2023. That's a concrete number that speaks directly to the 'S' in ESG. Still, simply aligning with frameworks isn't enough; the market demands measurable progress on social goals, like community engagement and workforce development, which directly impacts your social license to operate.

Workforce shortages in skilled pipeline maintenance and engineering roles

The energy sector faces a significant human capital challenge, and Delek Logistics Partners, LP is not immune. The industry's aging workforce means an accelerating retirement trend, which is emptying the pipeline of experienced civil engineers and skilled tradespeople. Across the energy profession, nearly three-quarters of professionals report current shortages in skilled workers. This isn't just a recruiting problem; it's an operational risk.

In the construction and maintenance fields relevant to pipeline operations, a report found that 94% of firms are struggling to fill at least some positions. Here's the quick math: fewer skilled technicians means maintenance backlogs increase, which raises the risk of costly operational incidents and regulatory fines. To counter this, Delek Logistics Partners, LP has been investing in its internal talent, launching a Career Management Framework and a Career Empowerment Day in 2024 to provide clearer growth pathways for employees.

Local community opposition slowing down new infrastructure development

Community opposition, often fueled by environmental concerns and a focus on climate change, is a major headwind for any new midstream infrastructure. This opposition translates directly into project delays and higher legal costs. We've seen this play out with projects across the US in 2025.

For example, community advocates successfully mobilized against proposed projects like the Transco Southeast Supply Enhancement Project, citing concerns over water quality and methane emissions. This social factor creates a high-cost environment for expansion. What this estimate hides is the long-term impact of a damaged reputation, which can make future permitting processes even harder. The opposition often centers on three core themes:

• Risk of environmental release (e.g., oil spills, methane leaks).
• Threat to local water quality.
• Conflict with state-level climate goals (like New York's CLCPA).

To mitigate this, Delek Logistics Partners, LP must prioritize its Public Awareness Program, engaging directly with landowners and emergency responders to build trust and demonstrate a commitment to safety.

Shifting consumer preference toward electric vehicles reducing long-term fuel demand

The rise of electric vehicles (EVs) is a long-term social trend that will eventually impact the volume of refined products moving through Delek Logistics Partners, LP's pipelines and terminals. While the midstream segment is currently stable, the trajectory is clear. Globally, EV sales were projected to hit 10 million units in 2025. This growth is already making a measurable dent in oil consumption.

The global stock of EVs displaced over 1 million barrels per day (b/d) of oil consumption in 2024, a figure projected to exceed 5 million b/d by 2030. For a company transporting refined products, this is a structural shift that demands strategic diversification. While the US Energy Information Administration (EIA) projects EVs will only make up about 25% of world light vehicles by 2050, the rate of displacement is accelerating, forcing a re-evaluation of long-term asset utility. This is the silent killer of long-term asset value.

Here is a snapshot of the EV-driven oil displacement trend:

Metric	2024 Data	2025 Projection	2030 Projection
Global EV Sales (Units)	Record-breaking	10 million	Not specified in source
Global Oil Demand Displaced by EVs (b/d)	Over 1 million b/d	350,000 b/d (potential reduction from sales)	Over 5 million b/d
EV Share of Global Light Vehicles	~1% of total fleet	Not specified in source	~13% of total fleet

Delek Logistics Partners, LP (DKL) - PESTLE Analysis: Technological factors

The technology landscape for Delek Logistics Partners, LP is defined by a dual focus: optimizing core infrastructure efficiency and strategically positioning for the energy transition through carbon management and low-carbon fuel logistics. You should see their $220 million to $250 million projected capital expenditures for 2025 as the direct investment vehicle for these priorities, with a clear tilt toward operational expansion in the Permian Basin.

Use of advanced pipeline integrity management systems for leak detection

Pipeline integrity remains a non-negotiable factor, and DKL is relying on advanced systems to meet increasingly stringent safety regulations. The good news is their existing protocols are working: the company reported a nearly 70% decrease in releases impacting land between 2023 and 2024.

This success is driven by a robust monitoring process that includes proactive corrosion control and preventative maintenance. In the broader industry, the focus for 2025 is shifting to predictive analytics (using data to forecast failures) and the deployment of high-tech tools like In-Line Inspection (ILI) devices, often called smart pigs. These tools use ultrasonic testing and magnetic flux leakage (MFL) sensors to detect even minor defects before they become major incidents. The global pipeline integrity management market is expected to reach $2.42 billion in 2025, which tells you exactly how critical this technology is to the sector.

Digitalization of logistics operations to optimize scheduling and reduce costs

Digitalization for DKL is less about a single software platform and more about integrating newly acquired, sophisticated midstream assets to offer a full-suite service in the Permian Basin. The recent acquisitions of H2O Midstream (late 2024) and Gravity Water Midstream (January 2025) are prime examples. This is where the real cost optimization happens. Integrating these systems streamlines the flow of crude, gas, and water, which ultimately reduces trucking and idle time.

Here's the quick math on the scale of this integration:

Asset/Service	Key Metric (2025)	Source of Efficiency
H2O Midstream Acquisition	Over 250 miles of buried pipeline	Reduced third-party transportation costs; improved reliability.
H2O Midstream Acquisition	Approximately 4 million barrels of storage	Increased operational flexibility and inventory management.
Libby 2 Gas Plant	Adding Acid Gas Injection (AGI) and sour gas treating capabilities	Allows DKL to process a wider range of natural gas, increasing throughput and revenue.

The goal is a more attractive combined crude and water offering in the Midland Basin, which is a clear competitive advantage. You're essentially buying and integrating a digital backbone for the Permian.

Potential for carbon capture and storage (CCS) technology integration at terminals

This is a major opportunity, driven by the parent company's strategic move into carbon management. Delek US Holdings, which DKL supports, was selected by the Department of Energy (DOE) to negotiate a cost-sharing agreement for a carbon capture pilot project at the Big Spring refinery.

The pilot project is set to deploy second-generation carbon capture technology, with an expected capture rate of 145,000 metric tons of carbon dioxide per year. What's defintely crucial for DKL is the logistics role: the captured $\text{CO}_2$ is planned to be moved by existing pipelines for permanent storage or utilization. This means DKL's existing midstream assets are immediately positioned to become a key part of the emerging CCS value chain, which is a significant long-term growth vector.

Development of renewable diesel and sustainable aviation fuel (SAF) logistics

The shift to low-carbon fuels is an essential technological trend, and DKL's strategy is built on leveraging its current infrastructure. Delek US is aiming to retrofit existing refining assets to produce low-carbon fuels like renewable diesel and SAF, and DKL's existing logistics and distribution networks are the key to bringing those products to market.

The US market is already massive; renewable diesel production capacity is estimated to hit 5.2 billion gallons in 2025. For DKL, the technological challenge is adapting its terminals and pipelines to handle these new products, which requires specific metallurgy, seals, and cleaning protocols. The opportunity is clear, though: a simple conversion of an existing refined products pipeline to renewable diesel logistics can generate a high-margin, long-term revenue stream without the massive capital expense of new construction.

• Adapt existing refined product terminals for new fuel storage.
• Leverage current pipeline routes for SAF and renewable diesel distribution.
• Access new funding sources like green bonds for low-carbon projects.

The next step is for the Logistics team to draft a capital allocation proposal detailing the cost and timeline for converting three high-priority refined product terminals to handle a renewable diesel blend by the end of Q1 2026.

Delek Logistics Partners, LP (DKL) - PESTLE Analysis: Legal factors

You need a clear view on the legal landscape, and honestly, for a midstream company like Delek Logistics Partners, LP (DKL), the legal environment is less about new laws and more about the relentless, expensive enforcement of existing ones. The key legal pressure points in 2025 are federal safety compliance costs, persistent right-of-way disputes, and the emerging patchwork of state-level climate mandates.

Compliance costs rising due to stricter federal safety regulations (e.g., PHMSA rules)

The cost of operating safely is defintely increasing, driven by the Pipeline and Hazardous Materials Safety Administration (PHMSA). The proposed PIPELINE Safety Act of 2025 signals a major shift toward stricter enforcement and higher financial risk. This legislation authorizes a substantial $1.65 billion in appropriations over the next five years to fund PHMSA's pipeline safety program.

This increased funding is directly tied to higher accountability. The maximum daily civil penalty for pipeline safety violations is set to double from approximately $200,000 to $400,000, with the maximum for a series of violations jumping from $2 million to $4 million. That's a huge jump in potential liability. Plus, PHMSA is pushing new rules, like the Direct Final Rules effective October 9, 2025, which explicitly allow for the integration of remote sensing technologies like drones for right-of-way patrols. This technology-neutral approach requires DKL to invest in new systems and training to maintain compliance, adding to capital expenditures.

PHMSA Compliance Driver (2025)	Financial/Operational Impact	Key Metric/Amount
Maximum Civil Penalty Increase	Increased financial risk from violations.	Doubled from ~$200,000 to $400,000 (daily maximum).
PIPELINE Safety Act Funding	Indicates sustained, aggressive regulatory oversight.	$1.65 billion authorized over five years for PHMSA.
New Technology Integration (Oct 2025 Rule)	Mandates review of inspection/maintenance plans to allow remote sensing (e.g., drones).	Requires capital expenditures for new compliance technology.

Ongoing legal challenges to existing pipeline right-of-ways and permits

The midstream sector is constantly navigating legal challenges related to land use, specifically eminent domain and easement disputes. For DKL, which operates extensive pipeline networks, securing and defending right-of-ways (ROWs) is a continuous legal expense. These disputes often revolve around compensation for land acquisition or the scope of existing easements, and they can significantly delay expansion projects.

A critical, near-term development is the Federal Energy Regulatory Commission's (FERC) temporary suspension of Order 871 in July 2025. This order previously allowed a pause on construction during legal challenges. Suspending it for one year means that while legal challenges from landowners and public interest groups will continue, the ability for those groups to automatically halt construction on new projects during the rehearing process has been removed. This reduces one source of delay risk for DKL's expansion capital expenditures, which are projected to be between $220 million and $250 million for the full year 2025.

New state-level mandates on emissions reporting and reduction targets

While federal climate policy is in flux, state-level mandates are creating a complex and costly compliance environment. DKL operates in regions where state-level Greenhouse Gas (GHG) reporting is becoming mandatory, regardless of federal action.

The most immediate impact comes from states like California, where the SB 253 law requires companies doing business in the state with over $1 billion in annual revenue to report their emissions. Specifically:

• Scope 1 (direct) and Scope 2 (indirect from purchased power) emissions reporting is based on 2025 data, with the first disclosure due in 2026.
• Scope 3 (value chain) emissions reporting follows, due in 2027.

DKL's parent company, Delek US Holdings, already tracks and reports Scope 1 and 2 emissions, and DKL has been proactive, like its 2024 project to improve energy efficiency at its nine terminals. However, the increasing number of state-specific rules-like those proposed in New York, Illinois, and Colorado-requires a dedicated compliance team to track and manage distinct reporting methodologies and deadlines. This is a pure overhead cost increase.

Strict adherence to FERC (Federal Energy Regulatory Commission) rate-setting methodologies

DKL's interstate liquid petroleum pipelines are regulated by FERC, which mandates that their transportation rates be 'just and reasonable.' For oil pipelines, this typically means adhering to the Indexing methodology, which allows rates to be adjusted annually based on an inflation index.

DKL's commitment to this framework is clear in its filings. The company filed multiple tariffs in July and August 2025 for the 2025-2026 Index Year for key assets, including the El Dorado Pipeline, SALA Gathering, and Magnolia Pipeline. This process is non-negotiable for DKL's regulated revenue streams. Any challenge to the Indexing methodology or a change in FERC's policy-such as a shift toward a more complex cost-of-service model-would immediately impact DKL's ability to forecast its revenue and recover its costs, including the rising compliance capital expenditures.

Delek Logistics Partners, LP (DKL) - PESTLE Analysis: Environmental factors

Increased focus on reducing methane emissions from pipeline operations.

You are defintely seeing the pressure mount on midstream operators to get serious about methane, which has a warming potential about 25 times that of Carbon Dioxide. For Delek Logistics Partners, LP (DKL), this focus is critical because methane emissions primarily occur in their natural gas midstream operations. The good news is DKL has a system in place that is delivering results.

They are actively using Optical Gas Imaging (OGI) cameras to find and fix leaks that are invisible to the naked eye. Also, during maintenance, they route methane streams through a closed-loop system instead of venting them to the atmosphere. This operational rigor translates to a high methane recovery rate, which the company reports as exceeding 99.9%. This isn't just good for the environment; it's a smart business move that captures product that would otherwise be lost.

Risk of significant fines and remediation costs from accidental spills or leaks.

The risk of an accidental spill is the most immediate financial and reputational threat for any logistics company. Regulators, including the Environmental Protection Agency (EPA), can impose massive penalties, plus you have the uncapped cost of environmental remediation. DKL manages this risk by maintaining a robust monitoring process for all releases of 5 barrels or more.

The trend here is positive, which helps mitigate the financial risk. In 2024, DKL reported a nearly 70% decrease in the number of releases impacting land compared to 2023. Crucially, the company reported no releases in unusually sensitive areas and no releases to land impacting water in 2024. This shows operational controls are working, but one major incident could still wipe out a quarter's worth of savings. Here's the quick math on the spill trend:

Metric	2024 Performance	Risk Implication
Releases Impacting Land (YoY Change)	Decreased by almost 70% from 2023	Lower probability of significant remediation costs and fines.
Releases in Sensitive Areas	Zero reported	Mitigates the risk of catastrophic public and regulatory backlash.
Minimum Reportable Release	5 barrels or more	Sets a clear, auditable internal standard for incident reporting.

Pressure to transition assets to handle lower-carbon fuels over the next decade.

The long-term pressure is to evolve from a pure-play crude and gas logistics provider to one that can also handle lower-carbon fuels. DKL is taking initial, tangible steps toward this energy transition (ET).

While the bulk of their 2025 capital expenditure is still focused on Permian Basin growth-DKL expects to invest between $220 million and $250 million in total capital expenditures, including expansion projects-they are laying the groundwork for future shifts. For example, the parent company, Delek US Holdings, began Phase 1 implementation in 2024 for a project that includes a front-end engineering design study for energy transition jobs in Big Spring, Texas. This signals a strategic intent to adapt the physical infrastructure over time.

Near-term actions are focused on efficiency, which reduces their overall carbon footprint (carbon intensity) and saves money. One concrete example: in 2024, DKL completed a project to improve energy efficiency at all nine of its terminals by replacing incandescent lights with more efficient LED lighting, directly reducing Scope 2 emissions.

Climate-related events (e.g., severe weather) impacting operational uptime.

Operating in the Gulf Coast, West Texas, and Mid-Continent regions means DKL's assets are highly exposed to acute physical risks from severe weather. We're talking about hurricanes, floods, tornadoes, and wildfires that can cause direct physical damage to pipelines and terminals, leading to costly repairs and facility downtime.

The chronic risks, like rising average global temperatures, also create operational drag, such as reduced efficiency in refining operations (for the parent company) and increased need for cooling, which raises operating costs. The physical risks translate directly to financial risk in a few ways:

• Physical Damage: Costly repairs to infrastructure from more frequent and severe weather.
• Supply Chain Disruption: Hindered ability to deliver crude oil or distribute refined products.
• Increased Opex: Higher temperatures requiring more cooling, increasing energy consumption and costs.

DKL has systems in place to manage these acute risks and continues to incur costs to protect assets, but the sheer unpredictability of climate events in these regions is a constant headwind to stable operational uptime.