Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment includes pipelines, trucks, and ancillary assets that provide crude oil gathering, crude oil intermediate and finished products transportation, and storage services primarily in support of the Tyler, El Dorado, and Big Spring refineries, as well as offers crude oil and other products transportation services to third parties. This segment operates approximately 900 miles of crude oil gathering system. The Wholesale Marketing and Terminalling segment provides wholesale marketing, transporting, storage, and terminalling services related to refined products to independent third parties. Delek Logistics GP, LLC serves as the general partner of the company. Delek Logistics Partners, LP was founded in 2012 and is headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP is a subsidiary of Delek US Holdings, Inc.
IPO Year: 2012
Exchange: NYSE
Website: deleklogistics.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2024 | $36.00 | Underperform | BofA Securities |
| 8/28/2024 | $44.00 → $45.00 | Neutral → Buy | Citigroup |
| 4/19/2024 | $46.00 | Buy | Truist |
| 3/19/2024 | $45.00 | Mkt Perform → Outperform | Raymond James |
| 9/8/2023 | $47.00 → $45.00 | Sell → Neutral | Citigroup |
| 6/28/2023 | $47.00 | Neutral → Sell | Citigroup |
| 12/9/2022 | $48.00 | Neutral | Citigroup |
| 12/16/2021 | $47.00 → $46.00 | Equal-Weight | Wells Fargo |
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
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4 - Delek Logistics Partners, LP (0001552797) (Issuer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
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4 - Delek Logistics Partners, LP (0001552797) (Issuer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
SC 13G/A - Delek Logistics Partners, LP (0001552797) (Subject)
Net loss of $76.8 million or $(1.20) per share, adjusted net loss of $93.0 million or $(1.45) per share, adjusted EBITDA of $70.6 million During 3Q' 2024, we successfully closed previously announced transactions to further our SOTP strategy: Sold our retail assets for proceeds of $390 million DK & Delek Logistics(DKL) executed the intercompany amendments and extensions Completed the drop-down of Wink to Webster ("W2W") pipeline into DKL DKL closed the acquisition of H2O Midstream, further adding to its third party cash flows Announced the Enterprise Optimization Plan ("EOP") expected to increase overall profitability by at least $100 million DKL announced another record qua
Net income attributable to all partners of $33.7 million Reported record Adjusted EBITDA of $106.8 million up 9% year over year During the 3rd quarter Delek Logistics: Closed the acquisition of H2O Midstream Completed the acquisition of Delek US' interest in the Wink to Webster ("W2W") pipeline Amended and extended agreements with Delek US for a period of up to seven years Announced the final investment decision (FID) on a new gas processing plant adjacent to the existing Delaware plant DKL raised $165.3 million from a primary offering in October to fund its accretive growth projects in the Delaware Basin Continued with its consistent distribution growth policy with recen
Delek US Holdings, Inc. (the "Company" or "Delek US") announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on November 18, 2024, to shareholders of record on November 12, 2024. About Delek US Holdings, Inc. Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. The refining assets consist primarily of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day. The logistics operations include Delek Logistics Partners, LP (NYSE:DKL
Delek US Holdings, Inc. (NYSE:DK) ("Delek US") today announced that the Company intends to issue a press release summarizing third quarter 2024 results before the U.S. stock market opens on Wednesday, November 6, 2024. A conference call to discuss these results is scheduled to begin at 9:00 a.m. CT (10:00 a.m. ET) on Wednesday, November 6, 2024. The live broadcast of this conference call will be available online by going to www.DelekUS.com and clicking on the investor relations section of the website. The online replay will be available on the website for 90 days. About Delek US Holdings, Inc. Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum ref
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") today announced that the Partnership intends to issue a press release summarizing third quarter 2024 results before the U.S. stock market opens on Wednesday, November 6, 2024. A conference call to discuss these results is scheduled to begin at 10:30 a.m. CT (11:30 a.m. ET) on Wednesday, November 6, 2024. The live broadcast of this conference call will be available online by going to www.DelekLogistics.com and clicking on the webcasts section of the website. The online replay will be available on the website for 90 days. About Delek Logistics Partners, LP Delek Logistics is a midstream energy master limited partnership headquarte
Net loss of $37.2 million or $(0.58) per share, adjusted net loss of $59.3 million or $(0.92) per share, adjusted EBITDA of $107.5 million Since the end of 1Q' 2024, we have successfully progressed our SOTP strategy: Delek US (DK): Entered into an agreement to sell our retail assets for $385 million Signed a fuel supply agreement with FEMSA for ten years Delek Logistics (DKL): DK & DKL agreed to amend and extend intercompany contracts for a period of up to seven years DK executed a drop-down of Wink to Webster ("W2W") into DKL DKL signed an agreement to acquire H2O Midstream, further adding to its third party cash flows DKL announced the final investmen
Net income attributable to all partners of $41.1 million Quarterly EBITDA of $102.4 million Distributable cash flow of $67.8 million, DCF coverage ratio of 1.32x Following the end of the 2nd quarter we have made following strategic moves: Announced the acquisition of H2O Midstream for $230 million. It increases Delek Logistics' capabilities to continue to provide full suite of services to Delek Logistics' Permian customers Announced the acquisition of Delek US' interest in the Wink to Webster pipeline Amended and extended agreements with Delek US for a period of up to seven years Announced the final investment decision (FID) on a new gas processing plant adjacent to the
Delek US Holdings, Inc. (the "Company" or "Delek US") announced that its Board of Directors has approved a $0.005 per share increase in the regular quarterly dividend to $0.255 per share, to be paid on August 19, 2024, to shareholders of record on August 12, 2024. About Delek US Holdings, Inc. Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, renewable fuels and convenience store retailing. The refining assets consist primarily of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day. Pipel
Delek US Holdings, Inc. (NYSE:DK) ("Delek US") today announced that the Company intends to issue a press release summarizing second quarter 2024 results before the U.S. stock market opens on Tuesday, August 6, 2024. A conference call to discuss these results is scheduled to begin at 11:00 a.m. CT (12:00 p.m. ET) on Tuesday, August 6, 2024. The live broadcast of this conference call will be available online by going to www.DelekUS.com and clicking on the investor relations section of the website. The online replay will be available on the website for 90 days. About Delek US Holdings, Inc. Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refini
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") today announced that the Partnership intends to issue a press release summarizing second quarter 2024 results before the U.S. stock market opens on Tuesday, August 6, 2024. A conference call to discuss these results is scheduled to begin at 12:30 p.m. CT (1:30 p.m. ET) on Tuesday, August 6, 2024. The live broadcast of this conference call will be available online by going to www.DelekLogistics.com and clicking on the webcasts section of the website. The online replay will be available on the website for 90 days. About Delek Logistics Partners, LP Delek Logistics is a midstream energy master limited partnership headquartered i
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
10-Q - Delek Logistics Partners, LP (0001552797) (Filer)
8-K - Delek Logistics Partners, LP (0001552797) (Filer)
8-K - Delek Logistics Partners, LP (0001552797) (Filer)
8-K - Delek Logistics Partners, LP (0001552797) (Filer)
8-K - Delek Logistics Partners, LP (0001552797) (Filer)
8-K - Delek Logistics Partners, LP (0001552797) (Filer)
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8-K - Delek Logistics Partners, LP (0001552797) (Filer)
8-K - Delek Logistics Partners, LP (0001552797) (Filer)
8-K - Delek Logistics Partners, LP (0001552797) (Filer)
Net loss of $76.8 million or $(1.20) per share, adjusted net loss of $93.0 million or $(1.45) per share, adjusted EBITDA of $70.6 million During 3Q' 2024, we successfully closed previously announced transactions to further our SOTP strategy: Sold our retail assets for proceeds of $390 million DK & Delek Logistics(DKL) executed the intercompany amendments and extensions Completed the drop-down of Wink to Webster ("W2W") pipeline into DKL DKL closed the acquisition of H2O Midstream, further adding to its third party cash flows Announced the Enterprise Optimization Plan ("EOP") expected to increase overall profitability by at least $100 million DKL announced another record qua
Net income attributable to all partners of $33.7 million Reported record Adjusted EBITDA of $106.8 million up 9% year over year During the 3rd quarter Delek Logistics: Closed the acquisition of H2O Midstream Completed the acquisition of Delek US' interest in the Wink to Webster ("W2W") pipeline Amended and extended agreements with Delek US for a period of up to seven years Announced the final investment decision (FID) on a new gas processing plant adjacent to the existing Delaware plant DKL raised $165.3 million from a primary offering in October to fund its accretive growth projects in the Delaware Basin Continued with its consistent distribution growth policy with recen
Delek US Holdings, Inc. (the "Company" or "Delek US") announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on November 18, 2024, to shareholders of record on November 12, 2024. About Delek US Holdings, Inc. Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. The refining assets consist primarily of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day. The logistics operations include Delek Logistics Partners, LP (NYSE:DKL
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") today declared its quarterly cash distribution for the third quarter 2024 of $1.10 per common limited partner unit, or $4.40 per common limited partner unit on an annualized basis. The third quarter 2024 cash distribution is payable on November 14, 2024, to unitholders of record on November 8, 2024. About Delek Logistics Partners, LP Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee. Through its owned assets and joint ventures located primarily in and around the Permian Basin, the Delaware Basin and other select areas in the Gulf Coast region, Delek Logistics provides gathering
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced today that it has closed its previously announced underwritten public offering of 4,423,075 common units representing limited partner interests in Delek Logistics, including 576,922 common units sold pursuant to the underwriters' full exercise of their option to purchase additional common units, at a price of $39.00 per unit. Delek Logistics intends to use the gross proceeds of approximately $166 million, after underwriting fees and commissions and before other offering-related expenses, to redeem its outstanding convertible preferred units and to repay outstanding borrowings under its revolving credit agreement. Avigal
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced today the pricing of its underwritten public offering of 3,846,153 common units representing limited partner interests in Delek Logistics at $39.00 per unit. The offering is being made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"). A preliminary prospectus supplement relating to the offering has also been filed with the SEC. Delek Logistics has granted the underwriters a 30-day option to purchase up to 576,922 additional common units. Delek Logistics intends to use the net proceeds from the offering (including any net proceeds from the underw
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced today that it has commenced an underwritten public offering of $150,000,000 of common units representing limited partner interests in Delek Logistics pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"). A preliminary prospectus supplement relating to the offering will also be filed with the SEC. Delek Logistics intends to grant the underwriters a 30-day option to purchase up to an additional $22,500,000 of common units. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be co
Delek US Holdings, Inc. (NYSE:DK) ("Delek") announced today the closing of the previously announced sale of 100% of the equity interests in the Delek subsidiaries that operate Delek's retail business ("Delek US Retail") to a subsidiary of FEMSA (NYSE:FMX) for cash consideration of approximately $385 million, including the purchase of inventories. Avigal Soreq, President, and Chief Executive Officer of Delek, said, "The completion of the sale of Delek US Retail to FEMSA is an important step in our value creation journey. We are pleased with this transaction and look forward to building upon our relationship with FEMSA in the future. I am thankful to Delek US Retail & its employees and wish
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced today the execution of a 12-year acreage dedication & crude oil gathering agreement for an additional 50,000 acres with an independent oil and gas producer. The additional acreage is supported by Delek Logistics' Permian Gathering System (DPG) located in West Texas. This transaction also includes a minimum volume commitment and increases DPG's total acreage dedication to over 350,000 acres. This agreement is immediately accretive to DKL's EBITDA profile and provides opportunities for incremental value creation through operational efficiencies. "We are excited about the high-quality growth opportunities we are seeing in a
Delek US Holdings, Inc. (NYSE:DK) ("Delek US") today announced that the Company intends to issue a press release summarizing third quarter 2024 results before the U.S. stock market opens on Wednesday, November 6, 2024. A conference call to discuss these results is scheduled to begin at 9:00 a.m. CT (10:00 a.m. ET) on Wednesday, November 6, 2024. The live broadcast of this conference call will be available online by going to www.DelekUS.com and clicking on the investor relations section of the website. The online replay will be available on the website for 90 days. About Delek US Holdings, Inc. Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum ref
BRENTWOOD, Tenn., Jan. 18, 2024 /PRNewswire/ -- Delek US Holdings, Inc. (the "Company" or "Delek US") announced that its Board of Directors has appointed Christine Benson Schwartzstein to serve as an independent director effective immediately. Ms. Benson will stand for election at the Company's 2024 annual meeting of stockholders, on May 2, 2024. Following the appointment, the board of Delek US will comprise of 10 directors, 8 of which are independent. "The board is pleased to welcome Ms. Benson. Her experience in risk management, capital markets, and green energies will provide us with instrumental insights," said Uzi Yemin, Executive Chairman of Delek US. "We are excited to have Ms. Benso
Uzi Yemin to transition from DK CEO to DK Executive Chairman, effective June 2022;Avigal Soreq named Successor DK CEO Uzi Yemin to remain Chairman of DKL and Avigal Soreq named President of DKL Todd O'Malley named Chief Operating Officer of DK and DKL andNithia Thaver appointed DK EVP and President of Refining Leonardo Moreno to join DK Board of Directors BRENTWOOD, Tenn., March 28, 2022 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE:DK) ("Delek US" or the "Company") today announced a leadership succession plan and a series of additional leadership appointments as well as governance updates at Delek US and Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics"). Executive Leadership Succ
BRENTWOOD, Tenn., March 1, 2021 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US") today announced the appointment of Todd O'Malley to EVP, Chief Commercial Officer effective March 1, 2021. "We are pleased to welcome Todd to the Delek family" said Uzi Yemin, Chairman, President and Chief Executive Officer of Delek US. "Todd brings a wealth of private equity, trading, capital markets, operations, and management expertise in the energy and renewable sectors to his role at Delek. This aligns our company for future growth with strong proven leadership." Prior to joining Delek in 2021, Mr O'Malley served as a special advisor to a number of private equity and public company CEO's and
BRENTWOOD, Tenn., Feb. 1, 2021 /PRNewswire/ -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced the appointment of Sherri A. Brillon to the Board of Directors of its general partner, Delek Logistics GP, LLC, effective January 26, 2021. "We are excited to welcome Sherri to our board" said Uzi Yemin, Chairman, President and Chief Executive Officer of Delek Logistics. "Sherri brings extensive industry knowledge that will broaden the perspective of the board. Fresh ideas and diversity of opinions will help our company remain competitive into the future." Sherri A. Brillon has over 35 years of experience in the oil and gas industry. From 1985 to 2019, Ms. Brillon he
BRENTWOOD, Tenn., Jan. 20, 2021 /PRNewswire/ -- Delek US Holdings, Inc. (NYSE: DK) ("Delek US") today announced the appointment of Laurie Z. Tolson to the Board of Directors effective January 20, 2021. "We are pleased to welcome Laurie to our board," said Uzi Yemin, Chairman, President and Chief Executive Officer of Delek US. "Laurie's background in technology adds yet another aspect of diversity and perspective to our Board and complements the company's drive to utilize technology to enhance operations. To highlight our recent progress in technology implementation, I would encourage shareholders to view this short video link, also posted to the Delek website, Technology - Leading the Fut
Delek Logistics Partners (NYSE:DKL) reported quarterly earnings of $0.73 per share which met the analyst consensus estimate. This is a 15.12 percent decrease over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $252.075 million which missed the analyst consensus estimate of $258.757 million by 2.58 percent. This is a 3.51 percent increase over sales of $243.525 million the same period last year.
Truist Securities analyst Neal Dingmann initiates coverage on Delek Logistics Partners (NYSE:DKL) with a Buy rating and announces Price Target of $46.
Raymond James analyst Justin Jenkins upgrades Delek Logistics Partners (NYSE:DKL) from Market Perform to Outperform and announces $45 price target.
Shares of Marvell Technology, Inc. (NASDAQ:MRVL) fell sharply during Friday’s session after the company reported fourth-quarter financial results and issued weak Q1 guidance. Marvell said fourth-quarter revenue increased 1% year-over-year to $1.427 billion, which beat the consensus estimate of $1.42 billion. The chip designer reported quarterly earnings of 46 cents per share, which was in line with analyst estimates. Marvell sees first-quarter revenue of $1.15 billion, plus or minus 5%, versus estimates of $1.371 billion. The company sees first-quarter adjusted earnings of 23 cents per share, plus or minus 5 cents per share, versus estimates of 40 cents per share. The company authorized a
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced today the pricing of its underwritten public offering of 3,116,884 common units representing limited partner interests in Delek Logistics at $38.50 per unit. The offering is being made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"). A preliminary prospectus supplement relating to the offering has also been filed with the SEC. Delek Logistics has granted the underwriters a 30-day option to purchase up to 467,532 additional common units. Delek Logistics intends to use the net proceeds from the offering (including any net proceeds from the underwr
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced today that it has commenced an underwritten public offering of $120,000,000 of common units representing limited partner interests in Delek Logistics pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"). A preliminary prospectus supplement relating to the offering will also be filed with the SEC. Delek Logistics intends to grant the underwriters a 30-day option to purchase up to an additional $13,500,000 of common units. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be com
The aggregate principal amount of the offering was increased from the previously announced offering size of $550 million. The offering is expected to close March 13, 2024, subject to satisfaction of customary closing conditions. Delek Logistics intends to use the net proceeds from the offering to (i) repurchase or redeem all of the outstanding 6.75% Senior Notes due 2025 (the "2025 Notes"), (ii) repay in full the outstanding borrowings under Delek Logistics' term loan facility and (iii) pay accrued and unpaid interest, premiums, fees and expenses related to such repurchases, repayments and redemptions. Delek Logistics intends to use any remaining net proceeds for general corporate purposes,
BofA Securities initiated coverage of Delek Logistics Partners with a rating of Underperform and set a new price target of $36.00
Citigroup upgraded Delek Logistics Partners from Neutral to Buy and set a new price target of $45.00 from $44.00 previously
Truist initiated coverage of Delek Logistics Partners with a rating of Buy and set a new price target of $46.00
Raymond James upgraded Delek Logistics Partners from Mkt Perform to Outperform and set a new price target of $45.00
Citigroup upgraded Delek Logistics Partners from Sell to Neutral and set a new price target of $45.00 from $47.00 previously
Citigroup downgraded Delek Logistics Partners from Neutral to Sell and set a new price target of $47.00
Citigroup initiated coverage of Delek Logistics Partners with a rating of Neutral and set a new price target of $48.00
Wells Fargo reiterated coverage of Delek Logistics Partners with a rating of Equal-Weight and set a new price target of $46.00 from $47.00 previously
Credit Suisse reiterated coverage of Delek Logistics Partners with a rating of Neutral and set a new price target of $45.00 from $37.00 previously
Wells Fargo reiterated coverage of Delek Logistics Partners with a rating of Equal-Weight and set a new price target of $36.00 from $35.00 previously