STOCK TITAN

Delek Logistics Partners Lp - DKL STOCK NEWS

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.

Overview of Delek Logistics Partners LP

Delek Logistics Partners LP (NYSE: DKL) is a growth-oriented publicly traded master limited partnership that specializes in owning, operating, acquiring, and constructing logistics and marketing assets that form the backbone of the energy products supply chain. With deep roots in the energy logistics sector, the company supports both the crude oil and refined products markets, leveraging its extensive network of gathering, storage, transportation, and terminalling facilities. Key industry terms such as crude oil logistics and refined product marketing capture the essence of its operations and emphasize its critical role in the energy sector.

Core Business Areas

At its core, Delek Logistics Partners LP operates through multiple integrated business segments:

  • Gathering and Processing: The company manages the collection and processing of crude oil before it reaches the refining stage, ensuring efficient and safe handling of raw materials.
  • Wholesale Marketing and Terminalling: This segment focuses on the wholesale marketing of refined products, providing terminalling services that facilitate efficient distribution and exchange activities. It serves both Delek US Holdings’ refineries and independent third parties by offering robust marketing and terminalling solutions.
  • Storage and Transportation: An essential aspect of its operations, the company provides extensive storage facilities and transportation networks that are instrumental for both crude oil and refined products. These assets form a resilient infrastructure that supports supply chain operations in strategic regions.
  • Pipeline Joint Ventures: Investment in pipeline initiatives enables the company to integrate deeper into the energy transportation network, enhancing its capability to deliver products efficiently across extensive geographic areas.

Operational Excellence and Infrastructure

The company distinguishes itself through a robust infrastructure and a systematic operational model. Its assets are chiefly located in key regions of the southeastern United States and West Texas, aligning with major refining centers in Tyler, Texas, and El Dorado, Arkansas. This strategic geographic positioning not only supports the operational needs of Delek US Holdings’ refineries but also provides a competitive advantage through localized service offerings, reduced transportation costs, and heightened market connectivity.

Furthermore, recent strategic moves have expanded the company’s service portfolio beyond traditional oil and refined product logistics. The acquisition of water midstream assets has broadened its infrastructure to include water gathering, transportation, storage, recycling, and disposal solutions, highlighting its commitment to comprehensive energy-product logistics. This addition underlines the company’s adaptive strategy in meeting broader energy industry needs without compromising on its core competencies.

Market Position and Competitive Environment

Delek Logistics Partners LP holds a prominent position in the energy logistics space. Its ability to integrate multiple facets of the energy supply chain—from crude oil gathering through refined product marketing—enables it to offer unique value propositions to both affiliated operations and third-party customers. By leveraging an interconnected network of assets and services, the company ensures operational flexibility and resilience even in fluctuating market conditions.

In a competitive industry, the company's diverse portfolio of services and strategic asset locations help differentiate it from traditional logistics providers. The integrated approach, focusing on high-efficiency operations and regional expertise, establishes a reliable operational model that many market participants aspire to replicate.

Expertise and Industry Dynamics

Delek Logistics Partners LP exemplifies operational efficiency by offering specialized terminalling services, which are vital for both the maintenance of product quality and timely distribution. The company's operations are a direct extension of the integrated logistics required in modern refining and marketing ecosystems. Its deep understanding of the logistical challenges inherent in the energy sector is evident in how the company structures its services—both for internal support and for independent third-party customers.

Industry stakeholders recognize the company's contributions to the broader energy supply chain, considering it a critical link that enhances the operational throughput of refined products. Its business model reflects a nuanced balance between traditional energy logistics and the evolving needs of modern midstream operations, establishing a comprehensive service offering that is resilient and adaptable.

Operational Strategy and Value Proposition

The operational strategy of Delek Logistics Partners LP is built on the principles of efficiency, reliability, and integrated service delivery. Its infrastructure investment in terminialling and marketing assets is crucial not only for supporting established refining operations but also for creating opportunities in niche segments such as water midstream services. This multi-dimensional approach ensures that all elements of the energy supply chain are seamlessly managed under one portfolio, enhancing overall business stability and operational excellence.

In practice, the company’s model translates to:

  • Enhanced Operational Connectivity: Strategic asset placement and extensive network capabilities allow it to maintain high operational throughput.
  • Integration of Diverse Assets: By combining crude oil logistics, refined products marketing, and water midstream services, the company builds a diversified portfolio that responds to various operational needs.
  • Robust Service Offerings: Focusing on terminalling, storage, and transportation, it creates value through improved supply chain efficiency and flexibility.

Conclusion

In summary, Delek Logistics Partners LP is a well-structured entity that plays an integral role in the energy products logistics market. Its extensive network of assets supports a full range of operational activities, from crude oil gathering to refined product marketing and terminalling services. The company’s recent expansions into water midstream services add a valuable dimension to its portfolio, demonstrating its capability to evolve while maintaining operational reliability. Overall, the company offers a comprehensive, integrated approach to energy logistics that is fundamental to efficient refining and marketing operations. This multifaceted operational model, paired with strategic asset management, positions the company as a critical infrastructure provider in the energy logistics landscape.

Rhea-AI Summary

Delek Logistics Partners, LP (NYSE: DKL) has announced its quarterly cash distribution for the second quarter of 2024. The company will distribute $1.09 per common partner unit, which equates to $4.36 per unit on an annualized basis. This distribution is set to be paid on August 16, 2024, to unitholders of record as of August 9, 2024. This announcement represents an increase in the company's quarterly cash distribution, demonstrating Delek Logistics' commitment to delivering value to its unitholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none
-
Rhea-AI Summary

Delek US Holdings (NYSE: DK) has scheduled a conference call to discuss its second quarter 2024 results on August 6, 2024. The press release summarizing the results will be issued before the U.S. stock market opens. Scheduled to start at 11:00 a.m. CT (12:00 p.m. ET), the conference call will be accessible live online through the company's investor relations section on their website. An online replay will also be available for 90 days.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
conferences earnings
-
Rhea-AI Summary

Delek Logistics Partners (NYSE: DKL) will release its second quarter 2024 financial results before the U.S. stock market opens on August 6, 2024. The company will host a conference call to discuss these results on the same day at 12:30 p.m. CT (1:30 p.m. ET). Interested parties can access the live broadcast and subsequent 90-day replay online at the company's website, www.DelekLogistics.com, under the webcasts section.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
conferences earnings
Rhea-AI Summary

Delek Logistics Partners, LP (NYSE: DKL) reported a net income of $32.6 million for the first quarter of 2024, with earnings before interest, taxes, depreciation and amortization (EBITDA) of $101.5 million. Distributable cash flow stood at $68.0 million, with a coverage ratio of 1.35x. The company executed $850 million debt and $138 million equity offerings, improving liquidity to $800.0 million. With a total of 47.2 million outstanding units, Delek Logistics delivered its 45th consecutive distribution growth, now at $1.070 per unit.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
Tags
-
Rhea-AI Summary

Delek US Holdings, Inc. reported a net loss of $32.6 million in the first quarter of 2024, with adjusted net loss of $26.2 million. They successfully executed debt and equity offerings, improving liquidity to $800 million. The company added 3.6 million DKL units, increased volume activity, and improved leverage ratio. They paid $15.7 million in dividends and increased quarterly dividend to $0.250 per share. The refining segment's Adjusted EBITDA was $106.1 million, logistics segment's was $99.7 million, and retail segment's was $6.5 million. Corporate and other activities reported a loss of $(53.6) million. Delek US had a cash balance of $753.4 million and total long-term debt of $2,496.9 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
Tags
-
Rhea-AI Summary

Delek US Holdings, Inc. announced an increase in the regular quarterly dividend to $0.25 per share. The dividend will be paid on May 24, 2024, to shareholders of record on May 17, 2024. Delek US is a diversified downstream energy company with refining, logistics, pipelines, renewable fuels, and convenience store retailing assets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
Tags
dividends
Rhea-AI Summary
Delek Logistics Partners, LP announced an increase in its quarterly cash distribution to $1.07 per common partner unit for the first quarter of 2024, marking a 4.4% rise from the previous year. The distribution amounts to $4.28 per common partner unit annually. The distribution will be paid on May 15, 2024, to unitholders of record on May 8, 2024. Additionally, Delek Logistics is seeking financial flexibility by filing a 'shelf' registration statement with the SEC for up to $500 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.16%
Tags
none
-
Rhea-AI Summary
Delek Logistics Partners, LP priced an offering of $200 million in additional 8.625% senior notes due 2029 at 101.250% of face value. The proceeds will be used to repay borrowings under its revolving credit facility. The offering is expected to close on April 17, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
Tags
none
-
Rhea-AI Summary
Delek Logistics Partners, LP (DKL) plans to offer $200 million in additional 8.625% senior notes due 2029 to repay borrowings under its revolving credit facility. The notes will be offered to qualified institutional buyers and non-U.S. persons, exempt from registration under the Securities Act.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
none
Rhea-AI Summary
Delek Logistics Partners, LP (DKL) plans to release its first-quarter 2024 financial results on May 7, 2024, followed by a conference call. The call will be accessible online with a replay option for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
Tags
conferences earnings

FAQ

What is the current stock price of Delek Logistics Partners Lp (DKL)?

The current stock price of Delek Logistics Partners Lp (DKL) is $41.07 as of March 7, 2025.

What is the market cap of Delek Logistics Partners Lp (DKL)?

The market cap of Delek Logistics Partners Lp (DKL) is approximately 2.2B.

What is the core business of Delek Logistics Partners LP?

Delek Logistics Partners LP owns and operates a diverse portfolio of logistics and marketing assets for crude oil and refined products, supporting integrated energy supply chain operations.

How does the company generate revenue?

The company generates revenue primarily through wholesale marketing, terminalling services, storage, and transportation of energy products, along with investments in pipeline joint ventures.

What regions does Delek Logistics primarily serve?

Delek Logistics primarily serves the southeastern United States and West Texas, strategically supporting refining operations and energy logistics in these regions.

How does Delek Logistics support refining operations?

The company provides essential logistics services, including gathering, storage, and terminalling, that directly facilitate the efficient operation of refineries and the distribution of refined products.

What differentiates Delek Logistics from other logistics providers?

Its integrated approach combining crude oil gathering, refined product marketing, and recently expanded water midstream services, along with strategically located assets, sets it apart in the energy logistics sector.

What are the key asset categories managed by the company?

Delek Logistics manages a range of assets including gathering facilities, storage units, transportation networks, terminalling sites, and participates in pipeline joint ventures to support energy movements.
Delek Logistics Partners Lp

NYSE:DKL

DKL Rankings

DKL Stock Data

2.17B
12.45M
67.19%
17.01%
2.07%
Oil & Gas Refining & Marketing
Pipe Lines (no Natural Gas)
Link
United States
BRENTWOOD