Welcome to our dedicated page for DELEK LOGISTICS PARTNERS, LP news (Ticker: $DKL), a resource for investors and traders seeking the latest updates and insights on DELEK LOGISTICS PARTNERS, LP stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DELEK LOGISTICS PARTNERS, LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DELEK LOGISTICS PARTNERS, LP's position in the market.
Delek Logistics Partners, LP (NYSE: DKL) reported a net income of $32.6 million for the first quarter of 2024, with earnings before interest, taxes, depreciation and amortization (EBITDA) of $101.5 million. Distributable cash flow stood at $68.0 million, with a coverage ratio of 1.35x. The company executed $850 million debt and $138 million equity offerings, improving liquidity to $800.0 million. With a total of 47.2 million outstanding units, Delek Logistics delivered its 45th consecutive distribution growth, now at $1.070 per unit.
Delek US Holdings, Inc. reported a net loss of $32.6 million in the first quarter of 2024, with adjusted net loss of $26.2 million. They successfully executed debt and equity offerings, improving liquidity to $800 million. The company added 3.6 million DKL units, increased volume activity, and improved leverage ratio. They paid $15.7 million in dividends and increased quarterly dividend to $0.250 per share. The refining segment's Adjusted EBITDA was $106.1 million, logistics segment's was $99.7 million, and retail segment's was $6.5 million. Corporate and other activities reported a loss of $(53.6) million. Delek US had a cash balance of $753.4 million and total long-term debt of $2,496.9 million.
Delek US Holdings, Inc. announced an increase in the regular quarterly dividend to $0.25 per share. The dividend will be paid on May 24, 2024, to shareholders of record on May 17, 2024. Delek US is a diversified downstream energy company with refining, logistics, pipelines, renewable fuels, and convenience store retailing assets.
