Delek Logistics Partners Lp Stock Price, News & Analysis

Delek US Holdings (NYSE: DK) plans to release its first quarter 2022 results on May 3, 2022, before the U.S. market opens. A conference call to discuss these results will occur at 11:00 a.m. CT (12:00 p.m. ET) on the same day. Investors can access the live broadcast via www.DelekUS.com. Additionally, Delek Logistics Partners (NYSE: DKL) will hold its earnings call earlier on May 3, 2022, at 9:30 a.m. CT (10:30 a.m. ET), providing insights relevant to Delek US's logistics segment.

Delek Logistics Partners, LP (NYSE: DKL) plans to release its first quarter 2022 results on May 3, 2022, before market opening. A conference call to discuss the results will take place at 9:30 a.m. CT (10:30 a.m. ET) on the same day. The call will be streamed live on DelekLogistics.com, with a replay available for 90 days. Additionally, Delek US Holdings, Inc. (NYSE: DK) will hold its earnings call at 11:00 a.m. CT on May 3, 2022, providing insights relevant to Delek Logistics.

Delek Logistics Partners (NYSE: DKL) has entered into a definitive agreement to acquire 100% of the equity interests in 3Bear Delaware Holding – NM, LLC for $624.7 million. The acquisition encompasses 3Bear's crude oil and gas gathering, processing, and transportation operations in New Mexico's Delaware Basin. 3Bear manages a robust asset portfolio with significant pipeline and processing capacities. This strategic move is expected to enhance revenue, diversify product offerings, and support cash flow growth. The transaction is anticipated to close mid-2022, subject to regulatory approval.

Delek Logistics Partners, LP (NYSE: DKL) has announced that the 2021 K-1 tax packages are now available for unit holders on its website. The packages can be accessed by selecting the Tax Information link. Additionally, the company is currently in the process of printing and mailing these tax packages. Unit holders can direct any inquiries regarding the tax packages to a dedicated helpline or via email. Delek Logistics, based in Brentwood, Tennessee, focuses on owning and operating crude oil and refined product logistics and marketing assets.

Delek Logistics Partners, LP (NYSE: DKL) announced the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, with the U.S. Securities and Exchange Commission on February 25, 2022. The report is accessible on their website under the "SEC Filings" section. Limited partners can request a free printed copy of the report, which includes audited financial statements, by writing to Investor Relations at Delek’s Brentwood, TN office.

Delek US Holdings reported a fourth quarter 2021 net loss of $(41.9) million, a significant improvement from a net loss of $(293.2) million in Q4 2020. On an adjusted basis, the net loss was $(44.9) million versus $(204.0) million the prior year. Adjusted EBITDA was $58.2 million, contrasting with $(137.6) million in Q4 2020. The refining contribution margin rose to $32.1 million, driven by increased demand and higher crack spreads. The company maintained a cash balance of $856.5 million with total long-term debt at $2,218.0 million.

Delek Logistics Partners reported a fourth-quarter 2021 net income of $41.7 million, or $0.96 per diluted common limited partner unit, a slight increase from $40.7 million in Q4 2020. However, net cash from operating activities decreased to $52.9 million from $58.4 million year-over-year. EBITDA rose to $69.7 million, reflecting strong asset utilization. The company declared a quarterly distribution of $0.975 per unit, a 2.6% increase from the previous quarter. Debt stood at $899 million with an improved leverage ratio.

Delek Logistics Partners, LP (NYSE: DKL) declared a quarterly cash distribution of $0.975 per common limited partner unit for Q4 2021, a 2.6% increase from Q3 2021 and a 7.1% increase from Q4 2020. This distribution, payable on February 8, 2022, highlights the company's consistent quarterly increases since Q4 2012. Improved energy sentiment and strong utilization rates are noted as contributing factors, while no major turnaround activities are planned for 2022. The management emphasizes stability despite potential risks, including those linked to Delek US and external market conditions.

Delek US Holdings (NYSE: DK) announced it will summarize its fourth quarter 2021 results after the U.S. market closes on February 23, 2022. A conference call for results discussion is set for 8:30 a.m. CT on February 24, 2022. Investors can access the live broadcast via DelekUS.com. Additionally, Delek Logistics Partners (NYSE: DKL) will announce its fourth quarter earnings on the same day at 7:30 a.m. CT, with relevant information also available on DelekLogistics.com.