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Delek Logistics Partners, LP announces pricing of public offering of common units at $38.50 per unit. The offering aims to raise funds to repay outstanding borrowings. Delek Holdings' ownership in Delek Logistics to decrease from 78.7% to 73.4% post-offering.
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End-of-Day
1.81%
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Delek Logistics Partners, LP announces a public offering of $120,000,000 of common units to repay outstanding borrowings under its revolving credit agreement. Delek Holdings shows interest in purchasing up to $30,000,000 of the units. Truist Securities, BofA Securities, and Raymond James are the joint book-running managers for the offering.
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1.81%
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Delek Logistics Partners, LP (NYSE: DKL) released the 2023 K-1 tax packages available on a third-party provider's website. Printing and mailing of these packages are in progress.
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-1%
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Delek Logistics Partners, LP (DK) announced an upsized offering of $650 million in aggregate principal amount of 8.625% senior notes due 2029, with plans to use the proceeds for various purposes including repurchasing existing notes and general corporate uses.
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End-of-Day
3.4%
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Delek Logistics Partners, LP and Delek Logistics Finance Corp. have initiated a cash tender offer for their 6.75% Senior Notes due 2025. The Offer will expire on March 8, 2024, with a tender consideration of $1,000.80 per $1,000.00 principal amount of Notes. Payments for purchased Notes will include accrued interest up to the settlement date. The Offer is contingent upon the completion of a concurrent bond offering and the Financing Condition. Holders are advised to make their own decisions regarding participation.
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End-of-Day
-4.08%
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Delek Logistics Partners, LP (DK) plans to offer $550 million senior notes due 2029 to repay existing debt and for general corporate purposes. The offering targets qualified institutional buyers and non-U.S. persons.
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-4.08%
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Delek Logistics Partners, LP (NYSE: DKL) reported strong financial results for the fourth quarter of 2023, with net income of $22.1 million, EBITDA of $86.1 million, and distributable cash flow of $64.6 million. The company delivered 44 consecutive quarters of distribution growth, with a recent increase to $1.055/unit. For the full year 2023, net income was $126.2 million, EBITDA was $370.3 million, and distributable cash flow was $248.2 million. The 2024 capital program is estimated at $70 million, focusing on growth in Midland gathering operations.
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1.46%
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Delek US Holdings, Inc. (DK) announced financial results for Q4 2023, highlighting a net loss of $164.9 million, adjusted net loss of $93.2 million, and adjusted EBITDA of $60.6 million. Full-year 2023 saw net income of $19.8 million, adjusted net income of $196.6 million, and adjusted EBITDA of $949.7 million. The company returned $35.4 million to shareholders in Q4, reduced debt by $38.2 million, and delivered record throughput rates. The 2024 Capital Program estimates capital expenditures of approximately $330 million, with a focus on refining and logistics.
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-9.08%
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Delek US Holdings, Inc. raises quarterly dividend by $0.005 per share to $0.245, payable on March 8, 2024.
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1.65%
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Delek US Holdings, Inc. has been selected by the Department of Energy's Office of Clean Energy Demonstrations for a carbon capture pilot project in the Big Spring refinery, receiving 70% cost-share for up to $95 million of federal funding. The project aims to capture 145,000 metric tons of carbon dioxide per year and reduce health-harming pollutants. Delek will partner with Svante Technologies Inc., IUOE, and USW to execute the project and establish a carbon capture schoolhouse.
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Rhea-AI Sentiment
End-of-Day
-1.71%
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Delek Logistics Partners, LP
NYSE:DKL
DKL Rankings
DKL Stock Data
1.87B
11.49M
73.58%
10.91%
0.06%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
United States of America
BRENTWOOD
About DKL
delek logistics partners lp (nyse: dkl), headquartered in brentwood, tennessee, is a growth-oriented publicly traded master limited partnership (mlp) formed by delek us holdings in 2012 to own, operate, acquire, and construct crude oil and refined products logistics and marketing assets. a substantial majority of our existing assets are integral to the success of delek’s refining and marketing operations. we gather, transport and store crude oil and market, distribute, transport and store refined products in select regions of the southeastern united states and west texas for delek and third parties, primarily in support of delek’s refineries in tyler, texas and el dorado, arkansas.