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.

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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.

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Delek Logistics Partners, LP (NYSE:DKL ) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Blake Fernandez - Investor Relations Uzi Yemin - General Partners Chairman Avigal Soreq - President Reuven Spiegel - Chief Financial Officer Odely Sakazi - Senior Vice President Conference Call Participants Michael Cusimano - Pickering Energy Partners Operator Good day and welcome to the Delek Logistics Second Quarter 2022 Conference Call. [Operator Instructions] Please note this event is being recorded.

Delek Logistics Partners, LP (DKL) Q2 2022 Results - Earnings Call Transcript

Delek US Hlds

Reported second quarter net income of $361.8 million or $5.05 per share and Adjusted EBITDA of $518.4 million Record refinery utilization rates and strong operational performance helped drive record quarterly results Announced special dividend of $0.20 per share on June 21, 2022 Announced a regular quarterly dividend at $0.20 per share Board approved expanded share repurchase authorization program up to $400 million DKL closed 3 Bear acquisition early on June 1, 2022; increases third party revenue, product mix and geography Strong free cash generation led to improved cash balance with $1.24 billion of cash as of June 30, 2022 BRENTWOOD, Tenn. , Aug. 4, 2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US") today announced financial results for its second quarter ended June 30, 2022.

Delek US Holdings Reports Second Quarter 2022 Results

Reported second quarter net income attributable to all partners of $32.2 million EBITDA of $64.5 million including approximately $6.2 million of adverse acquisition related expenses Delivered 38 consecutive quarters of distribution growth with recent increase to $0.985/unit; reflects 4.8% increase y/y Closed 3 Bear acquisition on June 1, 2022; expands third party revenue, product mix and geography in Permian Delek Permian Gathering volumes expected to approximately double by end of 3Q22 from 4Q21 levels BRENTWOOD, Tenn. , Aug. 4, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the second quarter 2022.

Delek Logistics Partners, LP Reports Second Quarter 2022 Results

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BRENTWOOD, Tenn. , July 25, 2022  /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today declared its quarterly cash distribution for the second quarter 2022 of $0.985 per common limited partner unit, or $3.94 per common limited partner unit on an annualized basis.

Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.985 per Common Limited Partner Unit

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BRENTWOOD, Tenn. , July 6, 2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US") today announced that the Company intends to issue a press release summarizing second quarter 2022 results before the U.S. stock market opens on Thursday, August 4, 2022.

Delek US Holdings to Host Second Quarter 2022 Conference Call on August 4th

BRENTWOOD, Tenn. , July 6, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced that the Partnership intends to issue a press release summarizing second quarter 2022 results before the U.S. stock market opens on Thursday, August 4, 2022.

Delek Logistics Partners, LP to Host Second Quarter 2022 Conference Call on August 4th

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Despite sustaining and even growing their distributions during the severe downturn of 2020 and bumpy year of 2021, Delek Logistics Partners appeared to have almost reached their limit in 2022. Although their recently completed acquisition of 3Bear Energy transforms this outlook.

Delek Logistics Partners: Leveraging Up To Boost Distribution Growth

BRENTWOOD, Tenn. , June 1, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) announced today the closing of the previously announced acquisition of 3Bear Delaware Holding – NM, LLC ("3Bear"), an indirect subsidiary of 3Bear Energy, LLC.

Delek Logistics Partners, LP Announces Closing of Acquisition from 3Bear Energy

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Delek Logistics Partners, L.P. (DKL) is well positioned to outperform the market, as it exhibits above-average growth in financials.

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Delek Logistics Partners, LP (NYSE:DKL ) Q1 2022 Earnings Conference Call May 3, 2022 10:30 AM ET Company Participants Blake Fernandez - Senior Vice President of investor relations Uzi Yemin - Chairman and Chief Executive Officer Reuven Spiegel - Chief Financial Officer Conference Call Participants Chad Bryant - Credit Suisse Operator 00:04 Good day, and welcome to the Delek Logistics Partners First Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.

Delek Logistics Partners, LP (DKL) CEO Uzi Yemin on Q1 2022 Results - Earnings Call Transcript

Reported first quarter net income of $6.6 million or $0.09 per share and Adjusted EBITDA of $172.8 million Completed $64 million share acquisition from the Icahn Group at $18.30/share, reducing shares outstanding by ~5% Planned acquisition of 3Bear places us well on-track to achieve midstream EBITDA target of $365 - $395 million Accelerating Permian Gathering activity provides growth opportunities and potential for attractive crude discounts Positioned to capture robust energy environment with no major turnaround activity planned in 2022 Retrospectively transitioned Tyler, TX refinery from LIFO to FIFO inventory accounting methodology Maintained strong balance sheet with $854 million of cash as of March 31, 2022 BRENTWOOD, Tenn. , May 3, 2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US") today announced financial results for its first quarter ended March 31, 2022.

Delek US Holdings Reports First Quarter 2022 Results

Reported first quarter net income attributable to all partners of $39.5 million EBITDA of $66.0 million represented an increase of 12% y/y First quarter distributable cash flow coverage ratio of 1.21x and total leverage ratio of approximately 3.3x Declared first quarter distribution of $0.98 per limited partner unit; reflects 6.5% increase y/y Planned acquisition of 3Bear builds size and scale, offers geographic and product mix diversity and increases 3rd party revenue Permian Gathering business witnessing strong producer activity Delivered 37 consecutive quarters of distribution growth with recent quarterly increase to $0.98/unit DKL volumes expected to benefit from a lack of major planned turnaround activity in Delek US system in 2022 BRENTWOOD, Tenn. , May 3, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the first quarter 2022.

Delek Logistics Partners, LP Reports First Quarter 2022 Results

The company recently unveiled an acquisition that will give it more fuel to continue growing its big-time payout.

This Under-the-Radar Passive Income Producer Yields 7% With Plenty of Fuel to Keep Growing

BRENTWOOD, Tenn. , April 25, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today declared its quarterly cash distribution for the first quarter 2022 of $0.98 per common limited partner unit, or $3.92 per common limited partner unit on an annualized basis.

Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.98 per Common Limited Partner Unit

BRENTWOOD, Tenn. , April 20, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced that the Partnership intends to issue a press release summarizing first quarter 2022 results before the U.S. stock market opens on Tuesday, May 3, 2022.

Delek Logistics Partners, LP to Host First Quarter 2022 Conference Call on May 3rd

BRENTWOOD, Tenn. , April 20, 2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US") today announced that the Company intends to issue a press release summarizing first quarter 2022 results before the U.S. stock market opens on Tuesday, May 3, 2022.

Delek US Holdings to Host First Quarter 2022 Conference Call on May 3rd

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