secwatch.observer — SEC 8-K summary
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Issuer:     Delek Logistics Partners, LP (DKL)
CIK:        0001552797
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001552797-23-000094
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552797/000155279723000094/0001552797-23-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552797/000155279723000094/dkl-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001552797-23-000094

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