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 is now rated a potential buy opportunity, with a target price between $40 and $44 per share. Despite a 17.84% drop in share price over the past year, momentum is positive, and insiders have been buying shares. DKL has a high dividend yield of +11%, but the payout ratio might be unsustainable at ~145%, raising concerns.

Delek Logistics Partners Upgraded After Q3 Results

Delek Logistics Partners, LP has shown impressive yield growth, now at nearly 11%, with 47 consecutive quarterly dividend increases despite recent capital losses. The Q3 earnings report highlighted a record $107M in quarterly adjusted EBITDA, an 8.5% YoY increase, and successful integration of new acquisitions. DKL management's focus on operational efficiency and strategic acquisitions supports ongoing dividend hikes and financial stability, despite the sector's inherent volatility.

Delek Logistics Partners: Impressive Q3 Performance, Buy

Delek Logistics Partners, LP Common Units (NYSE:DKL ) Q3 2024 Earnings Call November 6, 2024 11:30 AM ET Company Participants Robert Wright - Deputy Chief Financial Officer Avigal Soreq - President Joseph Israel - Executive Vice President, Operations Reuven Spiegel - Executive Vice President and Chief Financial Officer Odely Sakazi - Senior Vice President Conference Call Participants Doug Irwin - Citi Neal Dingmann - Truist Securities Operator Thank you for standing by. My name is Joel, and I will be your conference operator today.

Delek Logistics Partners, LP Common Units (DKL) Q3 2024 Earnings Call Transcript

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the third quarter 2024. “Delek Logistics continues to provide the best combination of yield and growth in the midstream sector. We are proud of the 47th consecutive increase in our distribution and we expect to continue to increase our distribution in the future. The completion of our previously announced strategic actions position Delek Logistics as a premie.

Delek Logistics Reports Record Third Quarter 2024 Results

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (the “Company” or “Delek US”) announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on November 18, 2024, to shareholders of record on November 12, 2024. About Delek US Holdings, Inc. Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. The refining assets consist primarily of refineries operated.

Delek US Holdings Announces Quarterly Dividend

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today declared its quarterly cash distribution for the third quarter 2024 of $1.10 per common limited partner unit, or $4.40 per common limited partner unit on an annualized basis. The third quarter 2024 cash distribution is payable on November 14, 2024, to unitholders of record on November 8, 2024. About Delek Logistics Partners, LP Delek Logistics is a midstream energy master limited partnership he.

Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.10 per Common Limited Partner Unit

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BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it has closed its previously announced underwritten public offering of 4,423,075 common units representing limited partner interests in Delek Logistics, including 576,922 common units sold pursuant to the underwriters' full exercise of their option to purchase additional common units, at a price of $39.00 per unit. Delek Logistics intends to use the gross proceeds of approximatel.

Delek Logistics Partners, LP Announces Closing of Public Offering of Common Units and Full Exercise of Underwriters' Option to Purchase Additional Units

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BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today the pricing of its underwritten public offering of 3,846,153 common units representing limited partner interests in Delek Logistics at $39.00 per unit. The offering is being made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement relating to the offering has also been filed.

Delek Logistics Partners, LP Announces Pricing of Public Offering of Common Units

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it has commenced an underwritten public offering of $150,000,000 of common units representing limited partner interests in Delek Logistics pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement relating to the offering will also be filed with the SEC. Delek Logistics inten.

Delek Logistics Partners, LP Announces Proposed Public Offering of Common Units

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BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today the execution of a 12-year acreage dedication & crude oil gathering agreement for an additional 50,000 acres with an independent oil and gas producer. The additional acreage is supported by Delek Logistics' Permian Gathering System (DPG) located in West Texas. This transaction also includes a minimum volume commitment and increases DPG's total acreage dedication to over 350,000 ac.

Delek Logistics Partners, LP Announces 12-Year Acreage Dedication

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BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced that the Partnership intends to issue a press release summarizing third quarter 2024 results before the U.S. stock market opens on Wednesday, November 6, 2024. A conference call to discuss these results is scheduled to begin at 10:30 a.m. CT (11:30 a.m. ET) on Wednesday, November 6, 2024. The live broadcast of this conference call will be available online by going to www.DelekLogistic.

Delek Logistics Partners, LP to Host Third Quarter 2024 Conference Call on November 6th

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DK's subsidiary Delek Logistics acquires H2O Midstream for $230 million, expanding its water management services in the Permian Basin.

Delek's Subsidiary Acquires EIV Capital's H2O Midstream for $230M

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Delek Logistics Partners (DKL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Delek Logistics Partners (DKL) Upgraded to Strong Buy: What Does It Mean for the Stock?

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today the closing of the previously announced acquisition of H2O Midstream, a portfolio company of EIV Capital, LLC. The H2O Midstream operations include water gathering, transportation, recycling, storage and disposal services in the Midland Basin in Texas. Total consideration of $230 million consists of $160 million in cash at closing (excluding customary closing adjustments) and $70 mill.

Delek Logistics Partners, LP Announces Closing of H2O Midstream Acquisition

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