earnings
confidence high
sentiment positive
materiality 0.70
Delek Logistics Q3 net income $44.7M, record EBITDA $89.0M, distribution raised to $0.99/unit
Delek Logistics Partners, LP
- Net income $44.7M ($1.03/unit) vs $43.6M ($1.00) in Q3 2021; record EBITDA $89.0M (incl $4.2M acquisition costs).
- Adjusted distributable cash flow $69.9M, coverage ratio 1.62x; total leverage 4.35x.
- Amended credit facility: commitments increased to $1.2B, new $300M term loan, maturity extended to 2027.
- Declared quarterly distribution $0.99/unit, 39th consecutive increase, 4.2% YoY growth.
- Pipelines segment contribution $54.0M (+14% YoY); 3 Bear segment added $22.8M contribution.