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 |
SC 13G/A - Delek Logistics Partners, LP (0001552797) (Subject)
8-K - Delek Logistics Partners, LP (0001552797) (Filer)
EFFECT - Delek Logistics Partners, LP (0001552797) (Filer)
S-3 - Delek Logistics Partners, LP (0001552797) (Filer)
SCHEDULE 13G - Delek Logistics Partners, LP (0001552797) (Subject)
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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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)
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)
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)
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, LP (NYSE:DKL) ("Delek Logistics") today declared its quarterly cash distribution for the fourth quarter 2024 of $1.105 per common limited partner unit, or $4.42 per common limited partner unit on an annualized basis. The fourth quarter 2024 cash distribution is payable on February 11, 2025, to unitholders of record on February 4, 2025. 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 gath
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced today the closing of the previously announced acquisition of Gravity Water Intermediate Holdings LLC ("Gravity"). "The Gravity acquisition represents another significant step in DKL's commitment of being a full suite crude, gas and water midstream services provider in the Permian Basin. Gravity's primary operations are in Howard County in the Midland Basin, and along with our recent H2O Midstream acquisition, provide a strong opportunity for integrated crude and water services to DKL's customers. We believe Delek Logistics continues to provide the best combination of yield and growth in the midstream sector. As prev
HOUSTON, Dec. 12, 2024 /PRNewswire/ -- Gravity Oilfield Services Inc. ("Gravity" or the "company"), a growth-oriented water and power infrastructure company backed by affiliates of Clearlake Capital Group, L.P. ("Clearlake"), announced today that it has agreed to sell its Gravity Water Midstream division to Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics"). Gravity Water Midstream provides gathering, transportation, recycling, storage, and disposal solutions for produced water in the Midland Basin in Texas and the Williston Basin in North Dakota. "The acquisition of
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics" or "DKL") announced the development of permitted acid gas injection "AGI" capabilities at its under-construction Libby 2 gas processing plant. "We are committed to executing our strategy of being the preferred oil, gas and water midstream services provider in the Permian Basin. Delek Logistics continues to provide the best combination of yield and growth in the midstream sector. We are determined to showcase the value DKL has created in the Permian Basin and are confident that our strategy will continue to yield benefits for the stakeholders of Delek Logistics. The announcements today are a testament to the high-quality growth opp
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" or "DKL") announced the development of permitted acid gas injection "AGI" capabilities at its under-construction Libby 2 gas processing plant. "We are committed to executing our strategy of being the preferred oil, gas and water midstream services provider in the Permian Basin. Delek Logistics continues to provide the best combination of yield and growth in the midstream sector. We are determined to showcase the value DKL has created in the Permian Basin and are confident that our strategy will continue to yield benefits for the stakeholders of Delek Logistics. The announcements today are a testament to the high-quality growth opp
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
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