Delek Logistics Partners

Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil, intermediate, and refined products. The firm gathers, transports, and stores crude oil. It also markets, distributes, transports, and stores refined products. It operates through the following segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investments in Pipeline Joint Ventures. The Pipelines and Transportation segment consists of crude oil transportation pipelines, refined product pipelines, crude oil gathering system, and associated crude oil storage tanks. The Wholesale Marketing and Terminalling segment provides marketing services for refined products output of the Tyler Refinery and the Big Spring Refinery. It also engages in wholesale activity at the Abilene and San Angelo, Texas terminals, as well as at terminals owned by third parties, whereby the firm purchases light products for sale and exchange to third parties. It is also involved in providing terminalling services to independent third parties and Delek Holdings. The Investments in Pipeline Joint Ventures segment owns a portion of three joint ventures that have constructed separate crude oil pipeline systems and related ancillary assets, which serve third parties and subsidiaries of Delek Holdings. The company was founded on April 24, 2012 and is headquartered in Brentwood, TN.

Earnings data Q2 2023

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Delek Logistics Partners, LP (NYSE:DKL ) Q1 2023 Earnings Conference Call May 8, 2023 12:30 PM ET Company Participants Rosy Zuklic - Vice President, IR Avigal Soreq - President Joseph Israel - Executive Vice President, Operations Reuven Spiegel - Executive Vice President and CFO Odely Sakazi - Senior Vice President, Delek Logistics Conference Call Participants Justin Jenkins - Raymond James Doug Irwin - Citi Operator Good day. And welcome to the Delek Logistics Partners First Quarter 2023 Conference Call.

Delek Logistics Partners, LP (DKL) Q1 2023 Earnings Call Transcript

EBITDA of $93.2 million Net income attributable to all partners of $37.4 million Record EBITDA of $93.2 million Distributable cash flow of $61.8 million More than doubled volume in Midland Gathering compared with prior year Adjusted distributable cash flow coverage ratio of 1.38x Delivered 41 consecutive quarters of distribution growth with recent increase to $1.025/unit BRENTWOOD, Tenn. , May 8, 2023 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the first quarter 2023, with reported net income attributable to all partners of $37.4 million, or $0.86 per diluted common limited partner unit.

Delek Logistics Reports First Quarter 2023 Net Income Attributable to All Partners of $37.4 million

Delek US Hlds

Net income of $64.3 million or $0.95 per share Adjusted net income of $92.7 million or $1.37 per share Adjusted EBITDA of $284.6 million, compared with $83.6 million from last year Generated $395.1 million of cash from operations Repaid $281.0 million of consolidated debt, $327.4 million of Delek US Holdings debt Repurchased approximately $40.0 million of shares subsequent to quarter end; Increased the quarterly regular dividend by 4.5 percent in May 2023 BRENTWOOD, Tenn. , May 8, 2023 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US", "Company") today announced financial results for its first quarter ended March 31, 2023.

Delek US Holdings Reports First Quarter 2023 Results

Delek Logistics Partners appears to have qualities similar to dividend royalty. DKL has paid an increasing distribution since 2013 with a current forward yield of 9.03%.

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BRENTWOOD, Tenn. , April 28, 2023 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today declared its quarterly cash distribution for the first quarter 2023 of $1.025 per common limited partner unit, or $4.10 per common limited partner unit on an annualized basis.

Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.025 per Common Limited Partner Unit

BRENTWOOD, Tenn. , April 6, 2023 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced that the Partnership intends to issue a press release summarizing first quarter 2023 results before the U.S. stock market opens on Monday, May 8, 2023.

Delek Logistics Partners, LP to Host First Quarter 2023 Conference Call on May 8th

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BRENTWOOD, Tenn. , March 10, 2023 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) today announced that 2022 K-1 tax packages are now available through PWC on its website, www.taxpackagessupport.com/deleklogistics.

Delek Logistics Partners, LP 2022 K-1 Tax Packages Available on Website

BRENTWOOD, Tenn. , March 3, 2023 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) "Partnership" today announced that its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 was filed with the U.S. Securities and Exchange Commission on March 1, 2023 and can be viewed on the Partnership's website at www.deleklogistics.com.

Delek Logistics Partners, LP 2022 Form 10-K Available on Website

Delek Logistics Partners LP (NYSE:DKL ) Q4 2022 Earnings Conference Call February 28, 2023 4:30 PM ET Company Participants Rosy Zuklic - VP, IR Avigal Soreq - President, CEO & Director Todd O'Malley - COO Conference Call Participants Douglas Irwin - Citigroup Operator Good day, and welcome to the Delek Logistics Partners Fourth Quarter 2022 Earnings Call. [Operator Instructions].

Delek Logistics Partners LP (DKL) Q4 2022 Earnings Call Transcript

EBITDA of $92.5 million Fourth Quarter Reported fourth quarter net income attributable to all partners of $42.7 million Record EBITDA of $92.5 million Fourth quarter adjusted distributable cash flow coverage ratio of 1.16x Delivered 40 consecutive quarters of distribution growth with recent increase to $1.02/unit Successfully completed 3 Bear integration BRENTWOOD, Tenn. , Feb. 28, 2023 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the fourth quarter 2022, with reported net income attributable to all partners of $42.7 million, or $0.98 per diluted common limited partner unit.

Delek Logistics Reports Fourth Quarter 2022 Net Income Attributable to All Partners of $42.7 Million

Fourth Quarter Net loss of $118.7 million for fourth quarter or $1.73 per share Adjusted net income of $60.8 million or $0.88 per share, and Adjusted EBITDA of $220.9 million Returned $104.1 million to shareholders through dividends and share repurchases Refining impacted by unplanned downtime Record contributions from Logistics business Initiated sum of the parts valuation unlock initiative Launched cost reduction and process improvement efforts Full-Year 2022 Delivered $257.1 million of net income and $1,185.8 million of Adjusted EBITDA Returned $236.4 million to shareholders through dividends and share repurchases, $172.4 million in the second half of 2022 Capital spending of $343.1 million, with $152.4 million for growth and $190.7 million for sustaining/regulatory Achieved crude utilization rate of 93 percent in Refining Grew Logistics business through Delek Permian Gathering and acquisition of 3 Bear BRENTWOOD, Tenn. , Feb. 28, 2023 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US", "Company") today announced financial results for its fourth quarter ended December 31, 2022.

Delek US Holdings Reports Fourth Quarter 2022 Results and Raises Quarterly Regular Dividend by $0.01 to $0.22 per share

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Delek Logistics has outperformed the market over the last five years. The firm is aided by improved capital discipline and capital conditions.

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BRENTWOOD, Tenn. , Jan. 30, 2023 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced that the Partnership intends to issue a press release summarizing fourth quarter 2022 results before the U.S. stock market opens on Tuesday, February 28, 2023.

Delek Logistics Partners, LP to Host Fourth Quarter 2022 Conference Call on February 28th

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Delek Logistics Partners, LP is a midstream company that primarily provides services to Delek US Holdings. The partnership has remarkably stable cash flows and has grown its EBITDA in each of the past seven years.

Delek Logistics Partners: An 8.30%-Yielder That Is Worthy Of Consideration

BRENTWOOD, Tenn. , Jan. 23, 2023 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today declared its quarterly cash distribution for the fourth quarter 2022 of $1.02 per common limited partner unit, or $4.08 per common limited partner unit on an annualized basis.

Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.02 per Common Limited Partner Unit

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News for Delek Logistics Partners Stock (DKL)