Welcome to our dedicated news page for DELEK LOGISTICS PARTNERS, LP (Ticker: DKL), a resource for investors and traders seeking the latest updates and insights on DELEK LOGISTICS PARTNERS, LP.
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.
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News
Rhea-AI Summary
Delek Logistics Partners, LP (DK) announced an upsized offering of $650 million in aggregate principal amount of 8.625% senior notes due 2029, with plans to use the proceeds for various purposes including repurchasing existing notes and general corporate uses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.4%
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Rhea-AI Summary
Delek Logistics Partners, LP and Delek Logistics Finance Corp. have initiated a cash tender offer for their 6.75% Senior Notes due 2025. The Offer will expire on March 8, 2024, with a tender consideration of $1,000.80 per $1,000.00 principal amount of Notes. Payments for purchased Notes will include accrued interest up to the settlement date. The Offer is contingent upon the completion of a concurrent bond offering and the Financing Condition. Holders are advised to make their own decisions regarding participation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.08%
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Rhea-AI Summary
Delek Logistics Partners, LP (DK) plans to offer $550 million senior notes due 2029 to repay existing debt and for general corporate purposes. The offering targets qualified institutional buyers and non-U.S. persons.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.08%
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Rhea-AI Summary
Delek Logistics Partners, LP (NYSE: DKL) reported strong financial results for the fourth quarter of 2023, with net income of $22.1 million, EBITDA of $86.1 million, and distributable cash flow of $64.6 million. The company delivered 44 consecutive quarters of distribution growth, with a recent increase to $1.055/unit. For the full year 2023, net income was $126.2 million, EBITDA was $370.3 million, and distributable cash flow was $248.2 million. The 2024 capital program is estimated at $70 million, focusing on growth in Midland gathering operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.46%
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Delek US Holdings, Inc. (DK) announced financial results for Q4 2023, highlighting a net loss of $164.9 million, adjusted net loss of $93.2 million, and adjusted EBITDA of $60.6 million. Full-year 2023 saw net income of $19.8 million, adjusted net income of $196.6 million, and adjusted EBITDA of $949.7 million. The company returned $35.4 million to shareholders in Q4, reduced debt by $38.2 million, and delivered record throughput rates. The 2024 Capital Program estimates capital expenditures of approximately $330 million, with a focus on refining and logistics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.08%
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Rhea-AI Summary
Delek US Holdings, Inc. raises quarterly dividend by $0.005 per share to $0.245, payable on March 8, 2024.
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Rhea-AI Sentiment
End-of-Day
1.65%
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Delek US Holdings, Inc. has been selected by the Department of Energy's Office of Clean Energy Demonstrations for a carbon capture pilot project in the Big Spring refinery, receiving 70% cost-share for up to $95 million of federal funding. The project aims to capture 145,000 metric tons of carbon dioxide per year and reduce health-harming pollutants. Delek will partner with Svante Technologies Inc., IUOE, and USW to execute the project and establish a carbon capture schoolhouse.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
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Rhea-AI Summary
Delek US Holdings, Inc. (NYSE: DK) has announced that it will release its fourth quarter 2023 results on February 27, 2024, before the U.S. stock market opens. A conference call to discuss these results is scheduled for the same day. The live broadcast of the call will be available on the company's website, with an online replay available for 90 days.
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Rhea-AI Sentiment
End-of-Day
3.18%
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Rhea-AI Summary
Delek Logistics Partners, LP (NYSE: DKL) is set to release its fourth quarter 2023 results on February 27, 2024, followed by a conference call to discuss the results. The live broadcast and online replay of the conference call will be available on the company's website for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.18%
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Rhea-AI Summary
Delek Logistics Partners, LP (DKL) has declared a quarterly cash distribution of $1.055 per common limited partner unit for the fourth quarter of 2023, representing a 1.0 percent increase from the previous quarter and a 3.4 percent increase from the same quarter in 2022. The distribution is payable on February 12, 2024, to unitholders of record on February 5, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.71%
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DELEK LOGISTICS PARTNERS, LP
NYSE:DKL
DKL Rankings
DKL Stock Data
1.88B
11.49M
73.58%
10.91%
0.06%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
United States of America
BRENTWOOD
About DKL
delek logistics partners lp (nyse: dkl), headquartered in brentwood, tennessee, is a growth-oriented publicly traded master limited partnership (mlp) formed by delek us holdings in 2012 to own, operate, acquire, and construct crude oil and refined products logistics and marketing assets. a substantial majority of our existing assets are integral to the success of delek’s refining and marketing operations. we gather, transport and store crude oil and market, distribute, transport and store refined products in select regions of the southeastern united states and west texas for delek and third parties, primarily in support of delek’s refineries in tyler, texas and el dorado, arkansas.