Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced today the closing of the previously announced acquisition of H2O Midstream, a portfolio company of EIV Capital, LLC. The H2O Midstream operations include water gathering, transportation, recycling, storage and disposal services in the Midland Basin in Texas. Total consideration of $230 million consists of $160 million in cash at closing (excluding customary closing adjustments) and $70 million of convertible preferred redeemable equity. The transaction is being funded with cash and debt financing. The acquisition of H2O Midstream supports our core strategy of providing a full midstream service solution to our existing an
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced today that it, along with Delek Logistics Finance Corp., a subsidiary of Delek Logistics (together with Delek Logistics, the "Issuers"), priced an upsized offering of $200 million in aggregate principal amount of additional 8.625% senior notes due 2029 (the "Additional Notes") at an offering price equal to 103.250% of their face value, plus accrued interest from March 13, 2024. The aggregate principal amount of the offering was increased from the previously announced offering size of $100 million. The Additional Notes will be issued under the same indenture as the $650 million in aggregate principal amount of 8.625% sen
Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") announced today that it, along with Delek Logistics Finance Corp., a subsidiary of Delek Logistics (together with Delek Logistics, the "Issuers"), intends to offer $100 million in aggregate principal amount of additional 8.625% senior notes due 2029 (the "Additional Notes") in a private placement to eligible purchasers, subject to market conditions. The Additional Notes will be issued under the same indenture as the $650 million in aggregate principal amount of 8.625% senior notes due 2029 issued by the Issuers on March 13, 2024 and the $200 million in aggregate principal amount of 8.625% senior notes due 2029 issued by the Issuers
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
8-K - Delek Logistics Partners, LP (0001552797) (Filer)
8-K - Delek Logistics Partners, LP (0001552797) (Filer)
8-K - Delek Logistics Partners, LP (0001552797) (Filer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
SC 13G/A - Delek Logistics Partners, LP (0001552797) (Subject)
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
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
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.
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)
4 - Delek Logistics Partners, LP (0001552797) (Issuer)