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 Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Delek Logistics Partners achieves record EBITDA and plans strategic growth

Delek Logistics Partners (DKL) delivered a strong performance in Q4 2022, marked by record EBITDA and consistent distribution increases, underpinned by operational excellence and strategic asset integration.
While challenges such as managing capital expenditures and addressing debt exist, the company's focus on growth investments and safety culture positions it well for future opportunities.
Opportunities in leveraging recent acquisitions, expanding key segments like Permian G&P, and optimizing financial structures can drive sustainable value creation and enhance investor confidence.
Overall, Delek Logistics Partners' Q4 performance reflects a resilient business model, strategic focus on growth, and commitment to operational efficiency and safety.

Delek Logistics Partners reports record EBITDA and distribution growth

Delek Logistics Partners (DKL) delivered a strong performance in Q1 2023, marked by record EBITDA and distribution increases, reflecting operational excellence and strategic investments.
While facing challenges in the operational environment and capital management, DKL remains focused on growth, safety, and maximizing shareholder value.
Opportunities lie in business evolution, M&A activities, and efficiency enhancements, positioning DKL for continued success and value creation in the future.

Delek Logistics Partners posts strong Q2 results, eyes growth opportunities

Delek Logistics Partners demonstrated robust financial performance in Q2 2023, with strong EBITDA and distributable cash flow figures. While facing the challenge of meeting future EBITDA targets, the company's focus on growth projects and increased distribution signals a positive outlook. Leveraging the growth in throughput presents opportunities for further expansion and optimization.

Delek Logistics Partners (DKL) reports record earnings and growth opportunities

DKL's strong performance in Q3 '23, marked by record EBITDA and throughput, reflects operational excellence and financial resilience.
The company's focus on safety, increased distributions, and disciplined capital spending position it well for sustained growth.
Opportunities in third-party business expansion and industry-wide fee escalations offer avenues for future revenue enhancement.
Overall, DKL's Q3 '23 earnings call showcases a robust financial performance and strategic outlook for continued success.

Delek Logistics Partners (DKL) reports record earnings and growth outlook

Delek Logistics Partners (DKL) delivered strong financial performance in Q4 2023, with record EBITDA and distribution increases.
While challenges like debt refinancing and managing expenses exist, opportunities for growth through capital programs and operational efficiency enhancements are on the horizon.
Overall, DKL's focus on shareholder value and commitment to improvement position them well for future success.

Delek Logistics Partners (DKL) reports strong Q1 performance and eyes strategic growth opportunities

Delek Logistics Partners (DKL) delivered a robust performance in Q1 2024, marked by strong EBITDA, improved liquidity, and consistent distribution growth, reflecting operational excellence and financial strength.
The company's focus on third-party business, strategic investments in infrastructure, and market engagement highlights its resilience, growth potential, and commitment to shareholder value.
While facing challenges in managing capital allocation and balancing distribution increases with reinvestment, DKL remains well-positioned to capitalize on opportunities through strategic initiatives and operational enhancements.

Delek Logistics Partners achieves record earnings and expands growth initiatives

DKL's strong financial performance, strategic acquisitions, and investment in growth projects highlight a positive outlook for the company.
While facing capital expenditure challenges and the need for effective project execution, DKL's improved liquidity and increased distribution signal confidence in its future.
Opportunities from long-term contracts, synergies from acquisitions, and industry demand present avenues for DKL to sustain its growth trajectory.

Delek Logistics Partners achieves record earnings, eyes strategic growth opportunities

Delek Logistics Partners (DKL) delivered a strong performance in Q3 2024, marked by record adjusted EBITDA and strategic transactions.
The company's focus on operational efficiency, distribution growth, and strategic investments underscores a commitment to sustainable growth.
While facing challenges in segment performance and capital expenditure management, Delek Logistics Partners (DKL) remains poised to capitalize on growth opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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

Delek US Hlds

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

Calumet Inc

Energy Transfer LP Unit

Equitrans Midstream

Global Partners

Hess

Hess Midstream Partners

Kinder Morgan

Cheniere Energy

Martin Midstream Partners

NGL Energy Partners

Plains All American Pipeline

Tellurian

USD Partners

Energy equities shook off declining commodity prices to end the week with a gain. Low-quality names caught a bid from the "risk-on" trade.

Energy Income Weekly: The Risk-On Trade Prompts A Dash To Low-Quality Equities

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

Delek Logistics Partners Could Help Fuel Investor Gains

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

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

Alerian MLP ETF

Black Stone Minerals LP

Crestwood Equity Partners

EnLink Midstream

ONEOK

TC Energy

Viper Energy Partners LP

Energy Select Sector SPDR Fund

SPDR S&P Oil & Gas Exploration & Production ETF

Commodity-exposed energy names significantly outperformed during the week. Various names have either broken out or are on the verge of breaking out to 52-week highs.

Energy Income Weekly: A Surging WTI Fuels The Risk-On Trade

DCP Midstream

DCP Midstream Partners (DCP), Global Partners LP (GLP) and Delek Logistics Partners (DKL) are among the best inflation-protected investments in today's markets.

3 Energy Pipeline Stocks for Strong Yield, Inflation Hedge

Community Healthcare Trust

Enterprise Products Partners

Gladstone Land

Realty Income Corp

These companies continue to give their investors more dividend income.

Want the Gift that Keeps on Giving? Buy These 5 Stocks in 2023

The high-yielding company has an impressive income growth streak.

Could This Ultra-High-Yield Stock Become the Next Enterprise Products Partners?

Alexander's

Lazard

In a historically-volatile 2022, dividends have been a precious item, helping limit the impact of drawdowns in other positions.

3 Highly-Ranked Stocks With Dividend Yields Above 5%

BRENTWOOD, Tenn. , Dec. 12, 2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek") and Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced that Rosy Zuklic has joined as Vice President of Investor Relations and Market Intelligence.

Delek US and Delek Logistics Name Rosy Zuklic Vice President of Investor Relations

Delek Logistics Partners completed their 3Bear Energy acquisition earlier in 2022. They are off to a positive start with their operating cash flow during the third quarter befitting more than 30% versus the first quarter.

Delek Logistics Partners: Positive Momentum Heading Into 2023 And Beyond

Atlantica Sustainable Infrastructure

Getty Realty

These stocks offer a great combination of yield and growth potential.

3 Impressive Dividend Stocks You've Probably Never Heard Of

Enbridge

Magellan Midstream Partners

MPLX

If you are looking for yield in the energy sector, these five sub-$100 stocks are all worth a close look.

The Top High-Yield Energy Stocks to Buy With $100

Delek Logistics Partners, LP (NYSE:DKL ) Q3 2022 Earnings Conference Call November 7, 2022 9:30 AM ET Company Participants Blake Fernandez - IR Avigal Soreq - President Reuven Spiegel - CFO Todd O'Malley - EVP & Chief Operating Officer Conference Call Participants Michael Cusimano - Pickering Energy Partners Operator Good morning, and welcome to the Delek Logistics Partners 2022 Third Quarter Conference Call. All participants will be in a listen-only mode today.

Delek Logistics Partners, LP (DKL) Q3 2022 Earnings Call Transcript

Reported third quarter net income of $7.4 million or $0.10 per share Adjusted EBITDA of $135.8 million despite unfavorable inventory headwinds of $225.1 million Second consecutive quarter of strong operational performance with record 99% crude utilization 4Q22 capital allocation guidance: buybacks $75 to $100 million, debt reduction $100 to $150 million, $0.01/sh dividend hike Progressing sum of parts valuation unlock; Hired head of Corporate Development and formally retained bankers Evaluating opportunities to reduce cost structure and improve efficiency of the portfolio BRENTWOOD, Tenn. , Nov. 7, 2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US", "Company") today announced financial results for its third quarter ended September 30, 2022, with net income of $7.4 million, or $0.10 per share, versus net income of $11.8 million, or $0.16 per share, for the quarter ended September 30, 2021.

Delek US Holdings Reports Third Quarter 2022 Results

Reported third quarter net income attributable to all partners of $44.7 million Record EBITDA of $89.0 million including approximately $4.2 million of adverse acquisition related expenses Third quarter adjusted distributable cash flow coverage ratio of 1.62x; Total leverage ratio is 4.35x Achieved target to double Delek Permian Gathering volumes from 4Q21 to 3Q22 exit rate Amended credit agreement increases liquidity and improves debt maturity profile Delivered 39 consecutive quarters of distribution growth with recent increase to $0.99/unit; reflects 4.2% increase y/y BRENTWOOD, Tenn. , Nov. 7, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the third quarter 2022, with reported net income attributable to all partners of $44.7 million, or $1.03 per diluted common limited partner unit.

Delek Logistics Partners, LP Reports Third Quarter 2022 Results

BRENTWOOD, Tenn. , Oct. 25, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today declared its quarterly cash distribution for the third quarter 2022 of $0.99 per common limited partner unit, or $3.96 per common limited partner unit on an annualized basis.

Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.99 per Common Limited Partner Unit

MPLX LP (MPLX), DCP Midstream Partners (DCP) and Delek Logistics Partners (DKL) are among the best inflation-protected investments in today's markets.

Get Inflation Protection With These 3 Energy Pipeline Stocks

BRENTWOOD, Tenn. , Sept. 28, 2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US" or the "Company"") today announced that the Company intends to issue a press release summarizing third quarter 2022 results before the U.S. stock market opens on Monday,  November 7th, 2022.

Delek US Holdings to Host Third Quarter 2022 Conference Call on November 7th

BRENTWOOD, Tenn. , Sept. 28, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics" or the "Partnership") today announced that the Partnership intends to issue a press release summarizing third quarter 2022 results before the U.S. stock market opens on Monday, November 7th, 2022.

Delek Logistics Partners, LP to Host Third Quarter 2022 Conference Call on November 7th

BRENTWOOD, Tenn. , Sept. 1, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) today announced that 2021 Schedule K-3 tax packages are now available on its website, www.deleklogistics.com.

Delek Logistics Partners, LP 2021 K-3 Tax Packages Available on Website

Delek Logistics Partners is a midstream partnership that appears to have a lot to offer an income-focused investor. The company boasts remarkably stable cash flows that have consistently grown annually, regardless of economic shocks or commodity prices.

News for Delek Logistics Partners Stock (DKL)