Welcome to our dedicated page for Delek Logistics Partners Lp news (Ticker: DKL), a resource for investors and traders seeking the latest updates and insights on Delek Logistics Partners Lp stock.
Delek Logistics Partners LP (NYSE: DKL) provides essential logistics solutions for the energy sector through its network of crude oil and refined product infrastructure. This page serves as the definitive source for official company announcements and market-moving developments.
Investors and industry professionals will find curated updates including quarterly earnings reports, infrastructure expansions, strategic partnerships, and operational milestones. Our news collection focuses on factual reporting of material events affecting DKL's position in energy transportation and storage markets.
The repository features critical updates across DKL's core operations: pipeline joint venture progress, terminalling capacity changes, water midstream developments, and regulatory filings. All content maintains strict compliance with financial disclosure standards while prioritizing accessibility for both retail and institutional investors.
Bookmark this page for direct access to unfiltered operational updates from one of the energy sector's key logistics providers. Regular updates ensure you stay informed about DKL's role in North American energy infrastructure without promotional commentary.
Delek Logistics Partners, LP (NYSE: DKL) filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2022, on March 1, 2023, with the U.S. Securities and Exchange Commission. This report is accessible on the company's website at www.deleklogistics.com through the 'SEC Filings' section. Additionally, limited partners can request a free printed copy of the report, which contains audited financial statements, by writing to Delek's Investor Relations at their Brentwood, TN address.
Delek Logistics was established by Delek US Holdings, Inc. to manage crude oil and refined products logistics and marketing assets.
Delek Logistics Partners, LP (NYSE: DKL) reported a strong fourth quarter 2022 with net income of $42.7 million, or $0.98 per diluted unit, up from $41.7 million in Q4 2021. The record EBITDA reached $92.5 million, a significant increase from $69.7 million year-over-year. The company declared a quarterly distribution of $1.02 per unit, marking a 3% increase from Q3 2022 and a 5% increase from Q4 2021. Delek's quarterly cash flow coverage ratio was 1.16x, indicating solid distribution support. Despite a net cash used in operating activities of $105.3 million, the company remains optimistic about growth opportunities from its Permian and Delaware footprints.
Delek Logistics Partners, LP (NYSE: DKL) announced plans to release its fourth quarter 2022 results on February 28, 2023, before the U.S. stock market opens. A conference call to discuss these results will follow at 3:30 p.m. CT (4:30 p.m. ET) on the same day. Investors can access the live broadcast through the company’s website, with an online replay available for 90 days.
Headquartered in Brentwood, Tennessee, Delek Logistics operates primarily in the midstream energy sector, providing services such as gathering, pipeline transportation, and storage, particularly in the Permian Basin, Delaware Basin, and Gulf Coast regions.
Delek Logistics Partners, LP announced plans to issue a press release on its fourth quarter 2022 results before the market opens on February 28, 2023. A conference call to discuss the results will take place at 3:30 p.m. CT (4:30 p.m. ET) on the same day. Investors can access the live broadcast through the company’s website, with a replay available for 90 days. Based in Brentwood, Tennessee, Delek Logistics is involved in gathering, pipeline, and transportation services primarily for crude oil and natural gas customers. The company is linked to Delek US Holdings, which owns its general partner interest.
Delek Logistics Partners has announced a quarterly cash distribution of $1.02 per common limited partner unit for Q4 2022, reflecting a 3% increase from Q3 2021 and a 5% increase from Q4 2021. This marks the 40th consecutive quarter of increased payouts. The distribution is set for payment on February 9, 2023, to unitholders of record as of February 2, 2023. Delek Logistics aims for another 5% distribution growth in 2023, driven by strong demand in its Permian and Delaware Gathering Systems.
Delek Logistics Partners declared a quarterly cash distribution of $1.02 per common limited partner unit for Q4 2022, marking a 3% increase from Q3 2021 and a 5% increase compared to Q4 2021. This is the 40th consecutive quarter of distribution increases, fulfilling the company's 5% growth commitment for 2022. The distribution is payable on February 9, 2023, to unitholders of record by February 2, 2023. Delek Logistics anticipates another 5% distribution growth for 2023, driven by strong demand in the Permian and Delaware Gathering Systems.
Delek US Holdings (NYSE: DK) and Delek Logistics Partners (NYSE: DKL) announced the appointment of Rosy Zuklic as Vice President of Investor Relations and Market Intelligence, effective early 2023. Zuklic, with over 25 years of experience in the oil and gas sector, will enhance Delek's communication with institutional investors and analysts. She previously held a senior role at Phillips 66. Blake Fernandez, the outgoing SVP of Investor Relations, will assist during the transition. Delek operates refineries with a combined capacity of 302,000 barrels per day and has over 250 convenience stores in Texas and New Mexico.
Delek Logistics Partners reported a third quarter net income of $44.7 million, up from $43.6 million year-over-year. EBITDA reached a record $89.0 million, despite $4.2 million in acquisition costs. The adjusted distributable cash flow coverage ratio stands at 1.62x, with a total leverage ratio of 4.35x. The company achieved a 4.2% year-over-year increase in its quarterly distribution to $0.99/unit, marking the 39th consecutive distribution growth. Recent credit amendments have improved liquidity and debt maturity.
On October 25, 2022, Delek Logistics Partners, LP (NYSE: DKL) announced a quarterly cash distribution of $0.99 per common limited partner unit for Q3 2022, reflecting a 0.5% increase from Q2 2022 and a 4.2% rise from Q3 2021. This marks the 39th consecutive quarter of distribution increases since Q4 2012. The distribution will be payable on November 10, 2022 to unitholders of record by November 4, 2022. The company cites strong refining margins and operational momentum as key drivers.
Delek Logistics Partners, LP (NYSE: DKL) announced intentions to release its third quarter 2022 results before the U.S. stock market opens on November 7th, 2022. A conference call is set for 8:30 a.m. CT to discuss these results. Investors can access the live broadcast via www.DelekLogistics.com. Additionally, Delek US Holdings, Inc. (NYSE: DK) will also host its earnings call on the same day at 9:30 a.m. CT, providing insights relevant to Delek Logistics.
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