Delek Logistics Partners Lp Stock Price, News & Analysis

Delek Logistics Partners (NYSE: DKL) has announced its quarterly cash distribution for the first quarter 2025. The partnership will distribute $1.11 per common limited partner unit, which translates to $4.44 per unit on an annualized basis.

Unitholders of record as of May 8, 2025, will receive the distribution payment on May 15, 2025. This announcement represents the company's regular quarterly distribution to its limited partners.

Delek US Holdings (NYSE: DK) has scheduled its first quarter 2025 earnings release and conference call. The company will publish its Q1 2025 financial results via press release before U.S. market opening on Wednesday, May 7, 2025. A conference call discussing these results will follow at 10:00 a.m. CT (11:00 a.m. ET) on the same day.

Investors can access the live conference call through the investor relations section of www.DelekUS.com. An online replay of the call will remain available on the website for 90 days.

Delek Logistics Partners (NYSE: DKL) has scheduled its first quarter 2025 earnings release and conference call. The company will publish its Q1 2025 financial results before U.S. markets open on Wednesday, May 7, 2025. A conference call to discuss the results will follow at 11:30 a.m. CT (12:30 a.m. ET) on the same day.

Investors can access the live conference call through the company's website at www.DelekLogistics.com in the webcasts section. An online replay of the call will remain available on the website for 90 days following the event.

Delek Logistics Partners, LP (NYSE: DKL) has announced that its 2024 K-1 tax packages are now accessible on their third-party provider's website. The company has begun the process of printing and mailing these tax packages to stakeholders.

For any questions regarding the 2024 Tax Reporting Package, support is available via phone at 1-833-263-0144 during business hours (8:00 a.m. to 5:00 p.m. CST, Monday through Friday).

Delek Logistics Partners operates as a midstream energy master partnership based in Brentwood, Tennessee. The company's operations primarily focus on the Permian Basin, including both Midland and Delaware Basins, and select Gulf Coast regions. Their services encompass gathering, pipeline transportation, storage, wholesale marketing, terminalling, and water management solutions for crude oil, intermediates, refined products, and natural gas.

Delek Logistics Partners, LP (NYSE: DKL) has announced the availability of its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The report was filed with the U.S. Securities and Exchange Commission on February 26, 2025.

The document can be accessed through the company's website at www.deleklogistics.com under the 'SEC Filings' section. partners can request a free printed copy of the Annual Report, which includes audited financial statements, by submitting a written request to the company's Investor Relations department at their Brentwood, Tennessee headquarters.

Delek Logistics Partners (NYSE: DKL) has announced its preliminary 2025 financial projections, forecasting approximately 20% year-over-year growth in Adjusted EBITDA. The company expects to generate between $480-$520 million in Adjusted EBITDA for 2025.

President Avigal Soreq attributed this growth to strong business fundamentals in the Permian Basin, recent significant acquisitions, additional acreage dedications in the crude business, and capabilities in sour natural gas treating and acid gas injection. DKL is enhancing its 'full suite' strategy to become the preferred midstream services provider in the Permian Basin.

Additional 2025 expectations include:

• Coverage ratio of approximately 1.3x by year end
• Capital expenditures of $220-$250 million, including expansion projects
• Continued growth in distributions to unitholders

Delek Logistics Partners (NYSE: DKL) reported record fourth quarter 2024 results with net income of $35.3 million and record Adjusted EBITDA of $107.2 million, up 6% year over year. The company declared a quarterly cash distribution of $1.105 per unit, representing a 4.7% increase from Q4 2023.

2024 was transformational for DKL as it progressed toward becoming an independent Permian midstream services provider. Key achievements included completing the Wink to Webster pipeline acquisition, closing the H2O Midstream acquisition, announcing FID on a new gas processing plant, and increasing dedicated acres in the Midland basin to ~400,000. Third-party EBITDA contribution reached ~70% on a pro-forma basis.

In early 2025, DKL closed the Gravity Water Midstream acquisition, announced full-year Adjusted EBITDA guidance of $480-$520 million, and authorized a $150 million buyback of Delek US-owned common units. As of December 31, 2024, DKL had total debt of approximately $1.88 billion with a leverage ratio of ~4.06x.

Delek US Holdings (NYSE: DK) reported a net loss of $413.8 million or $(6.55) per share for Q4 2024, with an adjusted net loss of $160.5 million or $(2.54) per share. Adjusted EBITDA was $(23.2) million. Key 2024 achievements include selling retail assets for $390 million, reducing interest in DKL from 78.7% to 63.6%, and completing the W2W pipeline drop-down into DKL. DKL's Q4 adjusted EBITDA reached $107.2 million, driven by acquisitions and rate increases. The company repurchased ~$42 million in shares and announced a regular quarterly dividend of $0.255 per share.

For 2025, DKL closed the Gravity Water Midstream acquisition and expects EOP to increase profitability by $120 million. DKL's full-year EBITDA guidance is $480-$520 million, with authorization to buy back up to $150 million in common units from DK through 2026. Delek US had a cash balance of $735.6 million and net debt of $2,029.6 million as of December 31, 2024. The refining segment's Q4 adjusted EBITDA was $(69.6) million, impacted by lower crack spreads and turnaround activities. The logistics segment's adjusted EBITDA improved to $107.2 million, while corporate and other activities reported an adjusted EBITDA loss of $(60.3) million.

Delek US Holdings (NYSE:DK) has announced that its Board of Directors approved a quarterly dividend of $0.255 per share. The dividend will be paid on March 10, 2025, to shareholders of record as of March 3, 2025.