Q4 2019 Delek Logistics Partners LP Earnings Call
Reported first quarter net income attributable to all partners of $27.8 million; EBITDA increased 23.5% year-over-yearLimited Partners' interest in net income increased.
Q1 2020 Delek Logistics Partners LP Earnings Call
BRENTWOOD, Tenn., March 13, 2020 -- Delek Logistics Partners, LP (NYSE: DKL) today announced that 2019 K-1 tax packages are now available on its website,.
Moody's Investors Service (Moody's) assigned a B1 rating to Delek US Holdings, Inc.'s (Delek) proposed $200 million incremental term loan due 2025. The net proceeds from the term loan issuance will be used for general corporate purposes.
This distribution represents a 0.6 percent increase from the distribution for the fourth quarter 2019 of $0.885 per common limited partner unit ($3.54 per common limited partner unit annualized) and an 8.5 percent increase over Delek Logistics’ distribution for the first quarter 2019 of $0.82 per common limited partner unit ($3.28 per common limited partner unit annualized). The first quarter 2020 cash distribution is payable on May 12, 2020 to unitholders of record on May 5, 2020.
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BRENTWOOD, Tenn., April 16, 2020 -- Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) today announced that the Company intends to issue a press release summarizing first quarter.
BRENTWOOD, Tenn., March 31, 2020 -- Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) and Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced an.
Delek US Holdings, Inc. (DK) (“Delek US”) and Delek Logistics Partners, LP (DKL) (“Delek Logistics”) today announced an agreement for the dropdown of certain trucking assets to Delek Logistics for total consideration of $48 million in cash. The transaction is effective May 1, 2020, and is expected to be immediately accretive to Delek Logistics' distributable cash flow per unit. Approximately 80 – 85% of this EBITDA guidance is supported by a minimum revenue commitment from Delek US.
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BRENTWOOD, Tenn., April 16, 2020 -- Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced that the Partnership intends to issue a press release.
Delek US Holdings, Inc. (DK) (“Delek US”) and Delek Logistics Partners, LP (DKL) (“Delek Logistics”) today announce the following organizational and management changes along with appointment of a new Chief Financial Officer (CFO). Mr. Reuven Spiegel will be appointed EVP and assume the role of CFO following the departure of Assi Ginzburg in May. Mr. Spiegel has served as a member of the Board of our general partner since July 2014, as a member of the Audit Committee and Conflicts Committee since September 2014 and as a member of the EHS Committee since its inception in October 2016. Prior to joining the Board, Mr. Spiegel served as Chief Executive Officer of Israel Discount Bank Ltd. (TASE:DSCT) from 2011 through 2014 where he had previously held the position of Executive Vice President from 2001 through 2005.
BRENTWOOD, Tenn., March 05, 2020 -- Delek Logistics Partners, LP (NYSE: DKL) today announced that its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 was.
Reported first quarter net loss of $(314.4) million and Adjusted EBITDA of $(29.7) millionReducing 2020 capital expenditures by approximately $75 million representing a 23%.
Delek Logistics (DKL) acquires the Big Spring Gathering System from Delek US. The acquired assets are likely to be immediately accretive to Delek Logistics' distributable cash flow per unit.
Delek's (DK) total expenses in the first quarter jumps 10.4% from the prior-year period to $2,182.7 million.
Delek Logistics Partners, L.P. (DKL) is well positioned to outperform the market, as it exhibits above-average growth in financials.
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