Delek Logistics Partners Lp Stock Price, News & Analysis

Delek Logistics Partners (NYSE:DKL) has successfully priced an upsized offering of $700 million in senior notes due 2033. The notes carry a 7.375% interest rate and are being offered at par value. The offering is expected to close on June 30, 2025.

The company plans to use the net proceeds to repay a portion of its outstanding revolving credit facility borrowings. The notes are being offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.

Delek Logistics Partners (NYSE: DKL) has announced plans to offer $500 million in senior notes due 2033 through a private placement to qualified institutional buyers. The offering will be conducted under Rule 144A and Regulation S of the Securities Act.

The company plans to use the proceeds to repay a portion of its outstanding revolving credit facility. The notes and related guarantees will only be available to qualified institutional buyers and non-U.S. persons, as they have not been registered under the Securities Act or state securities laws.

Delek US Holdings (NYSE: DK) reported challenging Q1 2025 results with a net loss of $172.7 million ($(2.78) per share) and adjusted net loss of $144.4 million ($(2.32) per share). The company's Adjusted EBITDA was $26.5 million, down significantly from $158.7 million in Q1 2024. Key developments include: • DKL closed Gravity Water Midstream acquisition, reducing DK's ownership to 63.4% • New intercompany agreements increased consolidated financial availability by ~$250 million • Enterprise Optimization Plan expected to deliver $120 million in cash flow improvements by 2H'25 • Company maintained shareholder returns with $32 million in stock buybacks and $0.255 quarterly dividend • Liquidity position shows $623.8 million cash balance with $3,035.3 million total consolidated debt

Delek Logistics Partners (NYSE: DKL) reported strong Q1 2025 results with net income of $39.0 million ($0.73 per unit) and Adjusted EBITDA of $116.5 million, up 15% year-over-year. The company announced its 49th consecutive distribution increase to $1.110 per unit. Key developments include: closing the Gravity Water Midstream acquisition, increasing third-party EBITDA contribution to ~80%, commissioning the new Libby 2 plant in Lea County, NM, and repurchasing $10 million worth of DKL units. The company maintains a strong financial position with total debt of $2.15 billion and a leverage ratio of 4.21x. Management expects full-year Adjusted EBITDA between $480-520 million and continues to focus on expanding operations in the Permian basin while maintaining prudent liquidity management.

Delek US Holdings (NYSE: DK) has announced its latest quarterly dividend payout. The company's Board of Directors approved a dividend of $0.255 per share for shareholders.

Key details of the dividend announcement:

• Payment Date: May 19, 2025
• Record Date: May 12, 2025
• Dividend Amount: $0.255 per share

This dividend announcement from the Brentwood, Tennessee-based company represents a continued commitment to delivering shareholder value through regular dividend distributions.

Delek Logistics Partners (NYSE: DKL) has announced its quarterly cash distribution for the first quarter 2025. The partnership will distribute $1.11 per common limited partner unit, which translates to $4.44 per unit on an annualized basis.

Unitholders of record as of May 8, 2025, will receive the distribution payment on May 15, 2025. This announcement represents the company's regular quarterly distribution to its limited partners.

Delek US Holdings (NYSE: DK) has scheduled its first quarter 2025 earnings release and conference call. The company will publish its Q1 2025 financial results via press release before U.S. market opening on Wednesday, May 7, 2025. A conference call discussing these results will follow at 10:00 a.m. CT (11:00 a.m. ET) on the same day.

Investors can access the live conference call through the investor relations section of www.DelekUS.com. An online replay of the call will remain available on the website for 90 days.

Delek Logistics Partners (NYSE: DKL) has scheduled its first quarter 2025 earnings release and conference call. The company will publish its Q1 2025 financial results before U.S. markets open on Wednesday, May 7, 2025. A conference call to discuss the results will follow at 11:30 a.m. CT (12:30 a.m. ET) on the same day.

Investors can access the live conference call through the company's website at www.DelekLogistics.com in the webcasts section. An online replay of the call will remain available on the website for 90 days following the event.

Delek Logistics Partners, LP (NYSE: DKL) has announced that its 2024 K-1 tax packages are now accessible on their third-party provider's website. The company has begun the process of printing and mailing these tax packages to stakeholders.

For any questions regarding the 2024 Tax Reporting Package, support is available via phone at 1-833-263-0144 during business hours (8:00 a.m. to 5:00 p.m. CST, Monday through Friday).

Delek Logistics Partners operates as a midstream energy master partnership based in Brentwood, Tennessee. The company's operations primarily focus on the Permian Basin, including both Midland and Delaware Basins, and select Gulf Coast regions. Their services encompass gathering, pipeline transportation, storage, wholesale marketing, terminalling, and water management solutions for crude oil, intermediates, refined products, and natural gas.