earnings
confidence high
sentiment positive
materiality 0.75
Delek Logistics Q4 net income $42.7M, record EBITDA $92.5M; distribution raised to $1.02/unit
Delek Logistics Partners, LP
- Net income attributable to all partners $42.7M ($0.98/unit) vs $41.7M ($0.96) in Q4 2021.
- Record EBITDA of $92.5M, up from $69.7M in Q4 2021; distributable cash flow $51.4M.
- Quarterly distribution increased 3% to $1.02/unit (40th consecutive increase); annualized $4.08; coverage ratio 1.16x.
- Total debt $1.66B, cash $8.0M; leverage ratio 4.89x; revolver capacity $179.5M.
- Segment realignment: new gathering and processing segment; 3 Bear acquisition integration completed.