Customer Concentration Risk: A significant portion of Delek Logistics' revenue is derived from its parent company, Delek US Holdings. Any adverse change in Delek US Holdings' financial condition, operational performance, or strategic priorities could materially impact DKL's cash flows and profitability.

Regulatory and Environmental Compliance Burden: Delek Logistics operates in a highly regulated industry. Compliance with extensive and evolving environmental, safety, and transportation regulations, including permitting requirements, can be costly and complex. Non-compliance could lead to fines, operational disruptions, or reputational damage.

Indirect Commodity Price Exposure: While Delek Logistics' contracts are primarily fee-based, sustained declines in crude oil or refined product prices can negatively impact the refining operations of its customers, especially Delek US Holdings, potentially leading to reduced throughput volumes and demand for DKL's services.