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

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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.

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Delek Logistics Partners' (DKL) unit enters into an agreement to acquire 100% equity interests of 3Bear Delaware Holding. This acquisition is set to further expand DKL's operation in the Permian Basin.

Delek Logistics (DKL) to Expand in Permian Via Acquisitions

Delek US Hlds

BRENTWOOD, Tenn. , April 11, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) announced today that one of its subsidiaries has signed a definitive purchase agreement for the acquisition of 100% of the equity interests of 3Bear Delaware Holding – NM, LLC, an indirect subsidiary of 3Bear Energy, LLC ("3Bear"), related to 3Bear's crude oil and gas gathering, processing and transportation businesses, as well as water disposal and recycling operations in the Delaware Basin in New Mexico, for cash consideration of $624.7 million, subject to customary closing adjustments.

Delek Logistics Partners, LP Announces Acquisition of 3Bear Energy Increasing its Prominent Position in the Permian Basin

Delek Logistics Partners, L.P. (DKL) possesses solid growth attributes, which could help it handily outperform the market.

Looking for a Growth Stock? 3 Reasons Why Delek Logistics Partners, L.P.

Uzi Yemin to transition from DK CEO to DK Executive Chairman, effective June 2022; Avigal Soreq named Successor DK CEO Uzi Yemin to remain Chairman of DKL and Avigal Soreq named President of DKL Todd O'Malley named Chief Operating Officer of DK and DKL and Nithia Thaver appointed DK EVP and President of Refining Leonardo Moreno to join DK Board of Directors BRENTWOOD, Tenn. , March 28, 2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE:DK) ("Delek US" or the "Company") today announced a leadership succession plan and a series of additional leadership appointments as well as governance updates at Delek US and Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics").

Delek US and Delek Logistics Announce Leadership and Governance Updates

DKL yields 9.62%, with 1.31X dividend coverage in 2021.

Delek Logistics Partners LP: 10% Yield, 5% Dividend Growth In 2022

BRENTWOOD, Tenn. , March 15, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) today announced that 2021 K-1 tax packages are now available on its website, www.deleklogistics.com.

Delek Logistics Partners, LP 2021 K-1 Tax Packages Available on Website

BRENTWOOD, Tenn., March 2, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) today announced that its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 was filed with the U.S. Securities and Exchange Commission on February 25, 2022 and can be viewed on the Partnership's website at www.deleklogistics.com.

Delek Logistics Partners, LP 2021 Form 10-K Available on Website

Delek Logistics Partners saw very strong operating cash flow growth on the surface during 2021, although this was mostly due to a large working capital draw. When looking ahead, they are once again planning to increase their distributions by 5% year-on-year during 2022 whilst also lifting their growth capital expenditure.

Delek Logistics Partners: A Safe High 9%+ Distribution Yield For 2022

Delek Logistics Partners, LP (DKL) CEO Uzi Yemin on Q4 2021 Results - Earnings Call Transcript

BRENTWOOD, Tenn., Feb. 23, 2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US") today announced financial results for its fourth quarter ended December 31, 2021.

Delek US Holdings Reports Fourth Quarter 2021 Results

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All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 9.5% and a median increase of 5.3%. I've tracked 37 increases in 2022.

11 Upcoming Dividend Increases

BRENTWOOD, Tenn., Jan. 21, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today declared its quarterly cash distribution for the fourth quarter 2021 of $0.975 per common limited partner unit, or $3.90 per common limited partner unit on an annualized basis.

Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.975 per Common Limited Partner Unit

BRENTWOOD, Tenn., Jan. 14, 2022 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced that the Partnership intends to issue a press release summarizing fourth quarter 2021 results after the U.S. stock market closes on Wednesday, February 23, 2022.

Delek Logistics Partners, LP to Host Fourth Quarter 2021 Conference Call on February 24

In the future, Delek US Holdings (DK) will explore methods to monetize incremental units, with an emphasis on preserving DKL unitholders and the residual ownership stake.

Delek (DK) to Partially Divest Delek Logistics Partners' Units

BRENTWOOD, Tenn., Dec. 22, 2021 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE:DK) has commenced a program to sell up to 434,590 common limited partner units in Delek Logistics Partners, LP (NYSE:DKL) over the next three months in open market transactions conducted pursuant to Rule 144 under the Securities Act of 1933, as amended, and a Rule 10b5-1 trading plan.

Delek US Announces Partial Sale Program of Delek Logistics Partners Units

BRENTWOOD, Tenn., Dec. 15, 2021 /PRNewswire/ -- Today Delek US Holdings, Inc. (NYSE:DK) and Delek Logistics Partners, LP (NYSE:DKL) announced their 2022 capital spending budget with a range of approximately $250 million to $260 million on a consolidated basis.

Delek US and Delek Logistics Announces 2022 Capital Program

DKL is the drop-down midstream partnership for Delek US Holdings, giving it the advantage of a larger company to serve as a regular customer. The company is well positioned in the Permian, which could provide it with some forward growth prospects as the global demand for oil and gas increases.

Delek Logistics Partners: A Solid 8%+ Yielder With Growth Prospects

Delek Logistics Partners' (DKL) CEO Uzi Yemin on Q3 2021 Results - Earnings Call Transcript

BRENTWOOD, Tenn., Nov. 4, 2021 /PRNewswire/ --- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the third quarter 2021.

Delek Logistics Partners, LP Reports Third Quarter 2021 Results

BRENTWOOD, Tenn., Oct. 26, 2021 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today declared its quarterly cash distribution for the third quarter 2021 of $0.95 per common limited partner unit, or $3.80 per common limited partner unit on an annualized basis.

Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.95 per Common Limited Partner Unit

BRENTWOOD, Tenn., Oct. 7, 2021 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US") today announced that the Company intends to issue a press release summarizing third quarter 2021 results after the U.S. stock market closes on Thursday, November 4, 2021.

Delek US Holdings to Host Third Quarter 2021 Conference Call on November 5

Delek Logistics Partners was one of the few in the midstream industry to actually continue growing their distributions during 2020 and 2021. This was supported with very impressive cash flow performance but when looking ahead their now barebones capital expenditure and relatively large distributions make further growth limited.

Delek Logistics Partners: Buy If You Want Income But Look Elsewhere For Capital Gains

BRENTWOOD, TN / ACCESSWIRE / September 3, 2021 / Delek US Holdings, Inc. (NYSE:DK) ("Delek US"), today announced management will present at the 10th Annual Gateway Conference, which is being held virtually on September 8-9, 2021. Delek's management is scheduled to present on Wednesday, September 8th at 12:30 p.m.

Delek US Holdings to Present at the 10th Annual Gateway Conference on September 8, 2021

Delek Logistics Partners, L.P. (DKL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why Delek Logistics Partners, L.P. (DKL) Might be Well Poised for a Surge

Delek Logistics Partners, LP (DKL) CEO Uzi Yemin on Q2 2021 Results - Earnings Call Transcript

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