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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.

Delek Logistics Partners, LP (NYSE: DKL), based in Brentwood, Tennessee, is a dynamic publicly traded master limited partnership (MLP) established by Delek US Holdings in 2012. The company specializes in the ownership, operation, acquisition, and construction of crude oil and refined products logistics and marketing assets. A significant portion of their assets are crucial for supporting the refining operations of Delek's facilities in Tyler, Texas, and El Dorado, Arkansas.

Delek Logistics operates through several segments including Pipelines and Transportation, as well as Investments in Pipeline Joint Ventures. Their services encompass gathering, transporting, and storing crude oil, along with marketing, distributing, and storing refined products. These operations primarily serve Delek's refineries and also cater to third-party customers in the southeastern United States and West Texas.

The Pipelines and Transportation segment is the cornerstone of Delek Logistics' business, featuring pipelines, tanks, offloading facilities, and trucks that facilitate the movement and storage of crude oil and refined products. This segment is responsible for the majority of the company's revenue, showcasing their extensive infrastructure.

Recent achievements highlight Delek Logistics' proactive approach in financial management and expansion. On March 7, 2024, the company announced a public offering of $120 million in common units, with an additional option for underwriters to purchase $13.5 million more. This initiative aims to repay outstanding borrowings under its revolving credit agreement, showcasing their commitment to financial health.

In another significant move, Delek Logistics revealed the pricing of a public offering of 3,116,884 common units at $38.50 per unit on March 7, 2024. The net proceeds are intended to further strengthen their financial standing by reducing debt. Additionally, a tender offer for 6.75% Senior Notes due in 2025, announced on March 11, 2024, further emphasizes their strategic financial maneuvers.

Delek Logistics’ extensive network and joint ventures, particularly in the Permian and Delaware Basins, underline their pivotal role in the midstream energy sector. They provide a range of services including crude oil gathering, transportation, and storage, as well as wholesale marketing and terminalling, which are integral to their operations and growth strategy.

The strong backing from Delek Holdings, which owns the general partner interest and a majority limited partner interest, coupled with their significant customer relationship, adds to Delek Logistics' stability and growth potential. Investors can stay updated with the latest developments and financial performance through their investor relations webpage and news releases.

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Delek Logistics Partners, LP (NYSE: DKL) announced plans to release its first quarter 2023 results on May 8, 2023, before the U.S. market opens. A conference call to discuss these results will take place at 11:30 a.m. CT (12:30 p.m. ET) on the same day. Interested parties can access the live broadcast via www.DelekLogistics.com, and a replay will be available for 90 days. Based in Brentwood, Tennessee, Delek Logistics operates primarily in midstream energy services, particularly in crude oil and natural gas sector, and has interests in various regions including the Permian Basin and Gulf Coast. The company is also connected with Delek US Holdings, which holds a significant stake in it.

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Delek Logistics Partners, LP (NYSE: DKL) announced it will release its first quarter 2023 results on May 8, 2023, before the U.S. stock market opens. A conference call to discuss these results is scheduled for 11:30 a.m. CT (12:30 p.m. ET) on the same day. Investors can access the live broadcast on DelekLogistics.com in the webcasts section, with a replay available for 90 days.

Located in Brentwood, Tennessee, Delek Logistics is a midstream energy master limited partnership that offers a range of services including gathering, pipeline transportation for crude oil and natural gas, as well as storage and marketing services for refined products. The partnership also engages in water disposal and recycling services in key regions such as the Permian Basin and Gulf Coast.

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Delek Logistics Partners, LP (NYSE: DKL) announced on March 10, 2023, that its 2022 K-1 tax packages are now available for download on its website. The packages can be accessed through taxpackagessupport.com/deleklogistics, with printing and mailing currently in progress. For any inquiries related to the tax reporting package, a dedicated contact line is available from 8:00 a.m. to 5:00 p.m. CST, Monday through Friday.

Delek Logistics, based in Brentwood, Tennessee, focuses on the ownership, operation, acquisition, and construction of logistics and marketing assets for crude oil and refined products.

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Delek Logistics Partners, LP (NYSE: DKL) has announced the availability of its 2022 K-1 tax packages online through PWC. These packages can be accessed on their website at www.taxpackagessupport.com/deleklogistics. The firm is currently in the process of printing and mailing these tax documents. For inquiries regarding the 2022 Tax Reporting Package, stakeholders can contact the support line Monday to Friday between 8:00 a.m. to 5:00 p.m. CST.

Delek Logistics Partners, LP, based in Brentwood, Tennessee, was established by Delek US Holdings, Inc. to manage logistics and marketing assets related to crude oil and refined products.

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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.

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Delek Logistics Partners, LP (NYSE: DKL) announced that its Annual Report on Form 10-K for the fiscal year ending December 31, 2022, was filed with the SEC on March 1, 2023. The report includes comprehensive audited financial statements and is available on Delek Logistics' website. Limited partners can request a printed copy free of charge by writing to the investor relations department. Delek Logistics, based in Brentwood, Tennessee, focuses on owning and operating crude oil and refined products logistics and marketing assets.

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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.

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FAQ

What is the current stock price of DELEK LOGISTICS PARTNERS, LP (DKL)?

The current stock price of DELEK LOGISTICS PARTNERS, LP (DKL) is $40.49 as of December 20, 2024.

What is the market cap of DELEK LOGISTICS PARTNERS, LP (DKL)?

The market cap of DELEK LOGISTICS PARTNERS, LP (DKL) is approximately 2.1B.

What is Delek Logistics Partners, LP?

Delek Logistics Partners, LP is a publicly traded master limited partnership focused on owning, operating, acquiring, and constructing crude oil and refined products logistics and marketing assets.

Where is Delek Logistics Partners, LP headquartered?

Delek Logistics Partners, LP is headquartered in Brentwood, Tennessee.

What are the primary segments of Delek Logistics Partners, LP?

The primary segments are Pipelines and Transportation, and Investments in Pipeline Joint Ventures.

What recent financial initiatives have Delek Logistics Partners, LP undertaken?

Recently, Delek Logistics announced a public offering of $120 million in common units and the pricing of 3,116,884 common units at $38.50 per unit, among other strategic financial maneuvers.

How does Delek Logistics Partners, LP support Delek Holdings?

Delek Logistics supports Delek Holdings by providing essential logistics and marketing services, including gathering, transporting, and storing crude oil and refined products.

What regions does Delek Logistics Partners, LP serve?

Delek Logistics serves the southeastern United States and West Texas.

What types of services does Delek Logistics Partners, LP offer?

Services include crude oil gathering, transportation, storage, marketing, distribution, and refining products transportation and storage.

What is the relationship between Delek Holdings and Delek Logistics Partners, LP?

Delek Holdings is the sponsor and owner of the general partner interest and a majority limited partner interest in Delek Logistics.

How does Delek Logistics Partners, LP generate revenue?

Most of Delek Logistics' revenue is generated by the Pipelines and Transportation segment, which includes pipelines, tanks, offloading facilities, trucks, and ancillary assets.

Where can investors find more information about Delek Logistics Partners, LP?

Investors can visit Delek Logistics’ investor relations webpage and news releases at www.deleklogistics.com for more information.

DELEK LOGISTICS PARTNERS, LP

NYSE:DKL

DKL Rankings

DKL Stock Data

2.08B
12.45M
67.22%
14.82%
1.75%
Oil & Gas Refining & Marketing
Pipe Lines (no Natural Gas)
Link
United States of America
BRENTWOOD