Delek Logistics Q3 net income $34.8M ($0.80/unit); record EBITDA $98.2M; distribution raised

Delek Logistics Partners, LP

Net income attributable to partners $34.8M ($0.80/diluted unit), down from $44.7M in Q3 2022 on higher interest expense.
Record quarterly EBITDA of $98.2M (up from $89.0M); distributable cash flow $61.4M with 1.35x coverage ratio.
Quarterly distribution hiked to $1.045/unit, 43rd consecutive increase, payable Nov 13 to holders of record Nov 6.
Segment: Gathering & Processing EBITDA $52.9M (down $3.7M YoY, but excluding one-time credit in 2022, higher); Terminalling $28.1M; Storage & Transportation $17.9M.
Total debt $1.74B, leverage 4.55x within covenant; $89.0M unused capacity on $900M revolver.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Delek Logistics Partners, LP reported the quarter ended September 30, 2023 results: net income $34.8 million, EPS $0.80 per diluted common limited partner unit.

Period: the quarter ended September 30, 2023
Net income: $34.8 million
EPS: $0.80 per diluted common limited partner unit
Result: reported results

Exact text from the filing

On November 7, 2023, Delek Logistics Partners, LP (the “Partnership”) announced its financial results for the quarter ended September 30, 2023.

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Delek Logistics Partners, LP filing history →

Source: SEC EDGAR

accession 0001552797-23-000094

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