Delek Logistics Partners upgraded by Citigroup with a new price target
$DKL
Natural Gas Distribution
Energy
Citigroup upgraded Delek Logistics Partners from Neutral to Buy and set a new price target of $45.00 from $44.00 previously
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| 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)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced today that it, along with Delek Logistics Finance Corp., a subsidiary of Delek Logistics, priced an upsized offering of $700 million in aggregate principal amount of 7.375% senior notes due 2033 (the "Notes") at par. The offering is expected to close June 30, 2025, subject to satisfaction of customary closing conditions. Delek Logistics intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its revolving credit facility. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in an offering exempt from registration in relian
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced today that it, along with Delek Logistics Finance Corp., a subsidiary of Delek Logistics, intends to offer $500 million in aggregate principal amount of senior notes due 2033 (the "Notes") in a private placement to eligible purchasers, subject to market conditions. Delek Logistics intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its revolving credit facility. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in an offering exempt from registration in reliance on Rule 144A under the Securities Act of 1933, as amende
Net income of $39.0 million Reported Adjusted EBITDA of $116.5 million up 15% year over year On track to deliver $480 million to $520 million in full year Adjusted EBITDA Announced additional intercompany agreements with Delek US increasing the third-party EBITDA contribution to ~80% Started commissioning of the new Libby 2 plant, providing a much needed processing capacity expansion in Lea County, NM Closed the acquisition of Gravity Water Midstream ("Gravity") on January 2nd which is already performing above expectations Acquired $10 million worth of DKL units from DK under the previously announced $150 million buyback authorization Continued our consistent distribution gro
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
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