Profile
Sector:
EnergyIndustry:
Oil & Gas Refining & MarketingCountry:
United StatesIPO:
02 November 2012Website:
http://www.deleklogistics.comNext earnings report:
27 February 2025Last dividends:
08 November 2024Next dividends:
N/APrice
regular market | 0 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
DKL Latest News
Delek Logistics Partners, LP Common Units (NYSE:DKL ) Q3 2024 Earnings Call November 6, 2024 11:30 AM ET Company Participants Robert Wright - Deputy Chief Financial Officer Avigal Soreq - President Joseph Israel - Executive Vice President, Operations Reuven Spiegel - Executive Vice President and Chief Financial Officer Odely Sakazi - Senior Vice President Conference Call Participants Doug Irwin - Citi Neal Dingmann - Truist Securities Operator Thank you for standing by. My name is Joel, and I will be your conference operator today.
Delek Logistics Partners (DKL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
DKL Logistics LP, a master limited partnership, focuses on crude oil and refined products logistics, with significant assets supporting Delek US Holdings' refineries. Despite flat revenues and net income decline in 2023, DKL saw a 23.5% rise in EBITDA and 8.5% growth in distributable cash flow. DKL's recent acquisition of H2O Midstream for $230 million aims to diversify operations and reduce dependence on Delek US Holdings.
MPW, NREF and DKL made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 26, 2024.
SMFG, QFIN, and DKL made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 22, 2024.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Delek Logistics Partners flies under the radar of most Wall Street analysts. The MLP's monster distribution is on a solid foundation.
Delek Logistics Partners (DKL) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Delek Logistics Partners (DKL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Delek Logistics provides steady distributions with a dividend yield of around 10% and reliable cash flows. The partnership benefits from long-term fee-based contracts and minimum volume commitments, protecting it from market volatility. Financials are improving, with strong net income, EBITDA, and distributable cash flow, and potential for future growth through new assets and acquisitions.
What type of business is Delek Logistics Partners LP?
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 Gathering and Processing segment consists of pipelines, tanks, and offloading facilities that provide crude oil and natural gas gathering and processing, water disposal and recycling, and storage services, as well as crude oil transportation services to third parties. The Wholesale Marketing and Terminalling segment includes refined products terminals and pipelines in Texas, Tennessee, and Arkansas. This segment provides marketing services for the refined products and terminalling services at refined products terminals to independent third parties. The Storage and Transportation segment comprises tanks, offloading facilities, trucks, and ancillary assets, which provide crude oil, 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.
What sector is Delek Logistics Partners LP in?
Delek Logistics Partners LP is in the Energy sector
What industry is Delek Logistics Partners LP in?
Delek Logistics Partners LP is in the Oil & Gas Refining & Marketing industry
What country is Delek Logistics Partners LP from?
Delek Logistics Partners LP is headquartered in United States
When did Delek Logistics Partners LP go public?
Delek Logistics Partners LP initial public offering (IPO) was on 02 November 2012
What is Delek Logistics Partners LP website?
https://www.deleklogistics.com
Is Delek Logistics Partners LP in the S&P 500?
No, Delek Logistics Partners LP is not included in the S&P 500 index
Is Delek Logistics Partners LP in the NASDAQ 100?
No, Delek Logistics Partners LP is not included in the NASDAQ 100 index
Is Delek Logistics Partners LP in the Dow Jones?
No, Delek Logistics Partners LP is not included in the Dow Jones index
When was Delek Logistics Partners LP the previous earnings report?
No data
When does Delek Logistics Partners LP earnings report?
The next expected earnings date for Delek Logistics Partners LP is 27 February 2025