DKL Research | Milton Maxwell

DKL

Delek Logistics Partners, LP

44.18

-0.76-1.69%

Dec 16, 4:00:03 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

FY Q3 '25

11/6/25Nov 6, 2025

Key Stats

Market Cap

2.36B

P/E (TTM)

14.34

Basic EPS (TTM)

3.08

Dividend Yield

0.1%

Recent Filings

10-Q

11/7/25Nov 7, 2025

8-K

11/7/25Nov 7, 2025

8-K

DKL boosts Q3 distribution

10/28/25Oct 28, 2025

Delek Logistics Partners, LP declared a quarterly cash distribution of $1.120 per common limited partner unit for Q3 2025, up from prior periods, equating to $4.48 annualized. Payable November 13 to holders of record on November 7, this signals steady cash flow from midstream operations in the Permian and Gulf Coast. Distributions hinge on performance amid market risks.

8-K

Record Q2 EBITDA, plant completion

8/6/25Aug 6, 2025

Delek Logistics Partners reported Q2 2025 net income of $44.6 million, with Adjusted EBITDA surging 18% to $120.9 million, fueled by H2O Midstream and Gravity acquisitions plus W2W dropdown impacts. The partnership completed the Libby 2 gas processing plant, boosting capacity for Lea County producers, and raised $700 million in debt maturing June 2033, lifting liquidity above $1 billion. It marked its 50th straight quarterly distribution hike to $1.115 per unit. Full-year Adjusted EBITDA guidance holds at $480-$520 million.

10-Q

Q2 FY2025 results

8/6/25Aug 6, 2025

Delek Logistics Partners posted Q2 revenue of $246.4M, down 6.9% y/y but up from Q1's $249.9M (derived), as the Gravity Acquisition added $24.0M in water services while sales-type lease reclassifications shifted $81.9M of prior affiliate fees to interest income. Operating income fell 23.4% y/y to $52.4M amid higher expenses from the $300.8M Gravity deal—closed January 2025 for $209.3M cash and 2.2M units, recognizing $67.6M customer intangibles over 10-25 years—yet net income rose 8.6% to $44.6M, or $0.83 diluted EPS matching 53.5M weighted shares. Free cash flow hit $133.7M YTD (derived from $139.0M operating cash minus $5.2M sustaining capex), supporting $59.6M distributions; debt climbed to $2.23B including new $700M 7.375% notes due 2033, but $1.07B liquidity cushions growth. Acquisitions like Gravity and H2O Midstream diversified third-party revenue to 52% of total, bolstering Permian exposure. Acquisitions build scale. Regulatory shifts in emissions could hike compliance costs.

About

Delek Logistics Partners, LP provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal and recycling customers in the United States. The company operates in four segments: gathering and processing, wholesale marketing and terminalling, storage and transportation, and investments in pipeline joint ventures. It offers tanks, offloading facilities, and trucks and ancillary assets that provide crude oil, hydrocarbon-based products, intermediate and refined products transportation, and storage services. Delek Logistics GP, LLC serves as the general partner of the company. Delek Logistics Partners, LP was incorporated in 2012 and is headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP operates as a subsidiary of Delek US Holdings, Inc.

CEO

Mr. Ezra Uzi Yemin

IPO

11/2/2012

Website

https://www.deleklogistics.com

Sector

Energy

Industry

Oil & Gas Refining & Marketing