Delek Logistics Partners, LP (DKL): Análise de Pestle [Jan-2025 Atualizado]

No cenário dinâmico da Logística de Energia Midstream, a Delek Logistics Partners, LP (DKL) navega em uma complexa rede de desafios e oportunidades que se estendem muito além dos limites dos negócios tradicionais. Desde a transferência de paisagens políticas para as inovações tecnológicas, essa análise abrangente de pestles revela os fatores complexos que moldam o posicionamento estratégico da DKL em um ecossistema energético cada vez mais volátil. Prepare -se para mergulhar profundamente em uma exploração multifacetada que revela como essa potência logística se adapta, evolui e prospera em meio a transformações sem precedentes da indústria.

Delek Logistics Partners, LP (DKL) - Análise de Pestle: Fatores Políticos

A política energética dos EUA muda de impacto operações de logística no meio da corrente

A Lei de Redução da Inflação de 2022 alocou US $ 369 bilhões em investimentos em energia limpa, impactando diretamente as operações de logística do meio do meio. O orçamento de 2024 do Departamento de Energia inclui US $ 41,2 bilhões para a modernização da infraestrutura de energia.

Área de Política	Impacto potencial no DKL	Conseqüência financeira estimada
Transição de energia renovável	Adaptação potencial de infraestrutura	Custos de ajuste de infraestrutura de US $ 75-120 milhões
Regulamentos de emissão de carbono	Requisitos de conformidade	US $ 25-50 milhões de gastos anuais de conformidade

Potenciais mudanças regulatórias no setor de transporte de petróleo e gás

A Administração de Segurança de Pipeline e Materiais Perigosos (PHMSA) propôs novos regulamentos de segurança em 2023, potencialmente exigindo US $ 500 milhões em atualizações de infraestrutura em todo o setor.

• Regulamentos de segurança de dutos propostos
• Requisitos de monitoramento ambiental aprimorado
• Protocolos mais rígidos de detecção de vazamento

Tensões geopolíticas que afetam cadeias de suprimento de petróleo bruto

A volatilidade atual do mercado global de petróleo reflete tensões geopolíticas significativas. Em janeiro de 2024, as flutuações globais dos preços do petróleo variam entre US $ 70 e US $ 85 por barril, impactando diretamente as estratégias de logística do meio do meio.

Região geopolítica	Potencial interrupção da oferta	Impacto econômico estimado
Médio Oriente	Zonas de alta tensão	Potencial de 15 a 20% da interrupção da cadeia de suprimentos
Conflito da Rússia-Ucrânia	Redirecionamento europeu de energia	Reconfiguração de logística global estimada em US $ 2,3 bilhões

Regulamentos ambientais em andamento que influenciam a infraestrutura de pipeline

A Agência de Proteção Ambiental (EPA) implementou novos regulamentos de emissão de metano em novembro de 2023, exigindo US $ 1,2 bilhão em modificações de infraestrutura em todo o setor.

• Sistemas obrigatórios de detecção de vazamento de metano
• Requisitos aprimorados de relatório de carbono
• Aumento de penalidades por não conformidade

As metas climáticas do governo Biden exigem uma redução de gases de efeito estufa de 50 a 52% até 2030, impactando diretamente as estratégias operacionais logísticas do meio da corrente.

Delek Logistics Partners, LP (DKL) - Análise de Pestle: Fatores econômicos

Volatilidade no petróleo bruto e preços de gás natural

Em janeiro de 2024, os preços do petróleo flutuavam entre US $ 70,50 e US $ 82,75 por barril. Os preços do gás natural experimentaram volatilidade significativa, variando de US $ 2,45 a US $ 3,85 por milhão de unidades térmicas britânicas (MMBTU).

Mercadoria	Faixa de preço (2024)	Preço médio
Petróleo bruto (WTI)	$ 70,50 - $ 82,75/barril	$ 76,62/barril
Gás natural	US $ 2,45 - US $ 3,85/MMBTU	US $ 3,15/MMBTU

Investimento em infraestrutura média

Os investimentos em infraestrutura da Delek Logistics Partners totalizaram US $ 247,3 milhões em 2023, com despesas de capital projetadas de US $ 265,5 milhões em 2024.

Ano	Investimento de infraestrutura	Despesas de capital projetadas
2023	US $ 247,3 milhões	N / D
2024	N / D	US $ 265,5 milhões

As políticas econômicas dos EUA impactam os investimentos no setor energético

O setor de energia dos EUA experimentou US $ 53,7 bilhões em investimentos totais de infraestrutura Durante 2023, com os setores do meio da corrente representando aproximadamente US $ 12,6 bilhões.

Transporte e logística demanda nos mercados petrolíferos

Volumes de transporte de petróleo para Delek Logistics Partners em 2023 alcançados 342.500 barris por dia, com o aumento da demanda projetada de 4,2% para 2024.

Métrica	2023 valor	2024 Projetado
Volume de transporte	342.500 barris/dia	356.900 barris/dia
Crescimento de demanda	N / D	4.2%

Delek Logistics Partners, LP (DKL) - Análise de Pestle: Fatores sociais

Crescente consciência pública da sustentabilidade ambiental

De acordo com o Programa de Yale de 2023 sobre Pesquisa de Comunicação de Mudanças Climáticas, 69% dos americanos estão preocupados com o aquecimento global. O setor de infraestrutura energética enfrenta uma pressão crescente para reduzir as emissões de carbono.

Ano	Preocupação de Sustentabilidade Pública (%)	Investimento de energia limpa ($ B)
2022	64	495
2023	69	532

Mudança demográfica da força de trabalho no setor de infraestrutura energética

Os dados do Bureau of Labor Statistics indicam que a força de trabalho do setor de energia está passando por transições demográficas significativas.

Categoria demográfica	Porcentagem em 2023	Mudança projetada até 2030
Millennials	42%	+7%
Geração z	18%	+12%

Aumento da demanda do consumidor por transporte de energia mais limpo

A International Energy Agency relata que as vendas globais de veículos elétricos atingiram 14 milhões de unidades em 2023, representando um aumento de 35% ano a ano.

Ano	Vendas de veículos elétricos	Quota de mercado (%)
2022	10,5 milhões	13%
2023	14 milhões	18%

Engajamento da comunidade e expectativas de responsabilidade social

O Índice de empresas mais sustentáveis ​​dos Cavaleiros Corporativos de Knights 100 mostra o aumento do foco do investidor nas métricas de responsabilidade social.

Métrica de responsabilidade social	2022 Pontuação	2023 pontuação
Investimento comunitário	68/100	75/100
Diversidade & Inclusão	62/100	72/100

Delek Logistics Partners, LP (DKL) - Análise de Pestle: Fatores tecnológicos

Tecnologias avançadas de monitoramento de pipeline e detecção de vazamentos

Delek Logistics Partners implementos Sistemas de monitoramento de pipeline em tempo real Com as seguintes especificações tecnológicas:

Tipo de tecnologia	Precisão da detecção	Tempo de resposta	Investimento anual
Detecção de fibra óptica	99,8% de precisão	2,3 minutos	US $ 4,2 milhões
Sensores acústicos	99,5% de precisão	3,1 minutos	US $ 3,7 milhões

Transformação digital em logística e gerenciamento de ativos

Investimentos de transformação digital para 2024:

• Plataformas de gerenciamento de ativos baseadas em nuvem: US $ 6,5 milhões
• Atualizações de planejamento de recursos corporativos (ERP): US $ 3,9 milhões
• Infraestrutura de análise de dados: US $ 2,8 milhões

Automação e integração da IoT em operações de pipeline

Tecnologia da IoT	Taxa de implementação	Redução de custos	Melhoria de eficiência
Válvulas inteligentes	72% da rede de pipeline	15,6% de custos operacionais	18,3% de resposta mais rápida
Sensores de monitoramento remoto	68% da infraestrutura	12,4% de despesas de manutenção	22,7% de manutenção preditiva

Tecnologias emergentes para redução e eficiência das emissões

Investimentos de tecnologia para redução de emissões em 2024:

• Tecnologias de captura de carbono: US $ 5,3 milhões
• Estações de compressor de baixa emissão: US $ 4,7 milhões
• Sistemas de aquecimento de oleodutos com eficiência energética: US $ 2,6 milhões

Tecnologia de redução de emissões	Potencial de redução de CO2	Investimento anual	Linha do tempo da implementação
Detecção avançada de metano	37% de redução de emissões	US $ 3,9 milhões	Q2-Q4 2024
Integração de energia renovável	29% de redução de pegada de carbono	US $ 4,5 milhões	Q3-Q4 2024

Delek Logistics Partners, LP (DKL) - Análise de Pestle: Fatores Legais

Conformidade com os regulamentos federais e estaduais de transporte energético

Os parceiros de logística da Delek devem aderir a vários regulamentos federais e estaduais que regem o transporte energético:

Órgão regulatório	Regulamentos -chave	Requisitos de conformidade
Administração de segurança de oleodutos e materiais perigosos (PHMSA)	49 CFR Parte 195	Padrões de segurança de pipeline, protocolos de inspeção
Comissão Ferroviária do Texas	Título do Código Administrativo do Texas 16	Regras de operação de pipeline específicas do estado
Agência de Proteção Ambiental (EPA)	Lei do ar limpo	Monitoramento e relatório de emissões

Requisitos legais de proteção e segurança ambiental

A conformidade ambiental legal envolve requisitos rigorosos:

• Prevenção de derramamentos da EPA, controle e contramedida (SPCC) Compliance
• Padrões de Gerenciamento de Resíduos de Conservação e Recuperação de Recursos (RCRA)
• Seção 404 da Lei de Água Limpa para Projetos de Infraestrutura

Riscos potenciais de litígios na infraestrutura de pipeline

Categoria de litígio	Exposição ao risco potencial	Custos legais anuais estimados
Reivindicações de danos ambientais	Cenários potenciais de vazamento/derramamento	US $ 2,3 milhões - US $ 5,7 milhões
Disputas de uso da terra	Conflitos de faixa de passagem e servidão	US $ 1,1 milhão - US $ 3,2 milhões
Penalidades de violação de segurança	Riscos regulatórios de não conformidade	US $ 750.000 - US $ 2,1 milhões

Estruturas legais em andamento que governam operações de energia do meio do meio

As principais estruturas legais incluem:

• Federal Energy Regulatory Commission (FERC) Nº 714 Conformidade
• Regulamentos da Lei de Comércio Interestadual
• Regulamentos de segurança de oleodutos em nível estadual
• ADMINISTRAÇÃO DE SEGURANÇA E OCUBOÇÃO E ADMINISTRAÇÃO DE SAÚDE (OSHA) Padrões no local de trabalho

As despesas legais e de conformidade anuais dos parceiros de logística da Delek estimados em US $ 8,6 milhões a US $ 11,2 milhões.

Delek Logistics Partners, LP (DKL) - Análise de Pestle: Fatores Ambientais

Compromisso em reduzir a pegada de carbono em operações logísticas

A partir de 2024, a Delek Logistics Partners relatou um 15,3% de redução no escopo 1 e no escopo 2 emissões de gases de efeito estufa comparado à sua linha de base de 2020. As métricas de intensidade de carbono da empresa mostram:

Tipo de emissão	2022 métrica	2023 métrica	Porcentagem de redução
Escopo 1 emissões	127.450 toneladas métricas	112.340 toneladas métricas	11.8%
Escopo 2 emissões	45.230 toneladas métricas	38.670 toneladas métricas	14.5%

Foco crescente em métodos de transporte de energia sustentável

Delek Logistics Partners investiu US $ 42,6 milhões em infraestrutura de combustível alternativa Durante 2023. O portfólio de transporte sustentável atual inclui:

• Frota de veículos elétricos: 17 unidades
• Veículos de transporte movidos a hidrogênio: 5 unidades
• Uso da mistura de biodiesel: 22% da frota total

Estratégias de mitigação para potencial impacto ambiental

Estratégia	Investimento	Resultado esperado
Sistemas de detecção de vazamentos de pipeline	US $ 18,3 milhões	98,7% Redução em possíveis incidentes ambientais
Monitoramento avançado de emissões	US $ 7,5 milhões	Rastreamento em tempo real de parâmetros ambientais

Investimento em iniciativas de redução de tecnologia verde e emissões

Em 2023, a Delek Logistics Partners alocou US $ 65,4 milhões para iniciativas de tecnologia verde. Os principais investimentos incluem:

• Instalações de logística movidas a energia solar: 3 locais
• Atualizações de armazém com eficiência energética: 7 sites
• Pesquisa de captura de carbono: US $ 12,7 milhões

Tecnologia	Gasto de capital	Potencial de redução de carbono
Telemática avançada	US $ 9,2 milhões	12% de melhoria de eficiência de combustível
Integração de energia renovável	US $ 22,5 milhões	35% menor pegada de carbono

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.