Delek Logistics Partners, LP (DKL)
| Market Cap | 2.04B |
| Revenue (ttm) | 984.92M |
| Net Income (ttm) | 129.53M |
| Shares Out | 51.47M |
| EPS (ttm) | 2.83 |
| PE Ratio | 13.99 |
| Forward PE | 13.83 |
| Dividend | $4.40 (11.10%) |
| Ex-Dividend Date | Nov 8, 2024 |
| Volume | 88,210 |
| Open | 39.50 |
| Previous Close | 39.46 |
| Day's Range | 39.35 - 39.75 |
| 52-Week Range | 37.02 - 53.80 |
| Beta | 2.10 |
| Analysts | Buy |
| Price Target | 44.00 (+11.03%) |
| Earnings Date | Nov 6, 2024 |
About DKL
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 Mark... [Read more]
Financial Performance
In 2023, DKL's revenue was $1.02 billion, a decrease of -1.54% compared to the previous year's $1.04 billion. Earnings were $126.24 million, a decrease of -20.63%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for DKL stock is "Buy." The 12-month stock price forecast is $44.0, which is an increase of 11.03% from the latest price.
News
10-12% Yields: The More They Drop, The More I Buy
The market has been soaring lately due to Fed rate cuts, lowered recession fears, and a Republican sweep of the November elections. However, there are still some very compelling high-yield opportuniti...
Delek Logistics Partners Upgraded After Q3 Results
Delek Logistics Partners, LP is now rated a potential buy opportunity, with a target price between $40 and $44 per share. Despite a 17.84% drop in share price over the past year, momentum is positive,...
Delek Logistics Partners: Impressive Q3 Performance, Buy
Delek Logistics Partners, LP has shown impressive yield growth, now at nearly 11%, with 47 consecutive quarterly dividend increases despite recent capital losses. The Q3 earnings report highlighted a ...
Delek Logistics Partners, LP Common Units (DKL) Q3 2024 Earnings Call Transcript
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 Jo...
Delek Logistics Reports Record Third Quarter 2024 Results
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the third quarter 2024. “Delek Logistics continues to provide ...
Delek US Holdings Announces Quarterly Dividend
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (the “Company” or “Delek US”) announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on Nove...
Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.10 per Common Limited Partner Unit
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today declared its quarterly cash distribution for the third quarter 2024 of $1.10 per common limited pa...
11-14% Yielding Dividend Growers: 2 To Buy And 1 To Sell
High-yield dividend growth stocks can make for exceptional passive income machines and wealth-compounding instruments. However, exceptionally high yields demand extra caution from investors. We discus...
Buy The Dip: Big Dividend Stocks Getting Way Too Cheap
After a fierce rally in big dividend stocks, some have pulled back sharply. This article discusses two of them. One is a powerful dividend growth stock that also offers a high yield, and the other is ...
Delek Logistics Partners, LP Announces Closing of Public Offering of Common Units and Full Exercise of Underwriters' Option to Purchase Additional Units
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it has closed its previously announced underwritten public offering of 4,423,075 co...
Delek Logistics Partners, Futu Holdings, NetEase And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Wednesday.
Delek Logistics Partners, LP Announces Pricing of Public Offering of Common Units
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today the pricing of its underwritten public offering of 3,846,153 common units representing l...
Delek Logistics Partners, LP Announces Proposed Public Offering of Common Units
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it has commenced an underwritten public offering of $150,000,000 of common units re...
Midstream Energy - Relative Quality
Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of...
Delek Logistics Partners, LP Announces 12-Year Acreage Dedication
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today the execution of a 12-year acreage dedication & crude oil gathering agreement for an add...
Buy The Dip: 10% Yields Getting Way Too Cheap
The high-yield space has undergone a sharp bifurcation recently. We discuss what this bifurcation is and what is driving it. We discuss two quality and growing 10%-yields that are way too cheap right ...
Delek Logistics Partners, LP to Host Third Quarter 2024 Conference Call on November 6th
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced that the Partnership intends to issue a press release summarizing third quarter 2024 res...
Delek Logistics Partners, LP Announces Closing of H2O Midstream Acquisition
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today the closing of the previously announced acquisition of H2O Midstream, a portfolio compan...
DKL Logistics LP: Record Earnings, 11% Yield, Major Expansion
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 inc...
Delek Logistics Partners, LP Announces Pricing of Upsized Offering of $200 Million of Additional 8.625% Senior Notes Due 2029
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it, along with Delek Logistics Finance Corp., a subsidiary of Delek Logistics (toge...
Delek Logistics Partners, LP Announces Proposed Offering of $100 Million of Additional 8.625% Senior Notes Due 2029
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it, along with Delek Logistics Finance Corp., a subsidiary of Delek Logistics (toge...
Delek Logistics Partners, LP Common Units (DKL) Q2 2024 Earnings Call Transcript
Delek Logistics Partners, LP Common Units (NYSE:DKL) Q2 2024 Earnings Conference Call August 6, 2024 1:30 PM ET Company Participants Robert Wright - Deputy Chief Financial Officer Avigal Soreq - Pres...
H2O Midstream Sells Midland Basin Water Midstream Assets to Delek Logistics
HOUSTON--(BUSINESS WIRE)--H2O Midstream, LLC (“H2O Midstream”) and EIV Capital, LLC (“EIV Capital”) are pleased to announce the execution of definitive agreements for the sale of H2O Midstream to Dele...
Delek Logistics Reports Record Second Quarter 2024 Results
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the second quarter 2024, with reported net income attributable...
Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.09 per Common Limited Partner Unit
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today declared its quarterly cash distribution for the second quarter 2024 of $1.09 per common limited p...