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

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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 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

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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.

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

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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

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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

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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.

Delek Logistics Partners: Solid Growth Potential, Stability, And A 6.47% Yield

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.

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