Delek Logistics Q4 net income $22.1M; adjusted EBITDA $100.9M; distribution raised to $1.055/unit

Delek Logistics Partners, LP

Q4 2023 net income of $22.1M ($0.51/unit) vs $42.7M ($0.98/unit) in Q4 2022; decrease driven by higher interest expense and $14.8M goodwill impairment.
Adjusted EBITDA rose to $100.9M from $92.5M; distributable cash flow $64.6M, DCF coverage ratio 1.40x.
Declared 44th consecutive quarterly distribution increase to $1.055/unit, up 3.4% YoY.
Full-year 2023 adjusted EBITDA $385.1M; leverage ratio improved to 4.34x from 4.89x.
2024 capital program $70M ($50M growth, $20M sustaining); Permian gathering volumes grew nearly 80% in 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Delek Logistics Partners, LP reported the quarter ended December 31, 2023 results: net income $22.1 million, EPS $0.51 per diluted common limited partner unit.

Period: the quarter ended December 31, 2023
Net income: $22.1 million
EPS: $0.51 per diluted common limited partner unit
Result: reported results

Exact text from the filing

On February 27, 2024, Delek Logistics Partners, LP (the “Partnership”) announced its financial results for the quarter ended December 31, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Delek Logistics Partners, LP reported the fourth quarter 2022 results: net income $42.7 million, EPS $0.98 per diluted common limited partner unit.

Period: the fourth quarter 2022
Net income: $42.7 million
EPS: $0.98 per diluted common limited partner unit
Result: reported results

Exact text from the filing

This compares to net income attributable to all partners of $42.7 million, or $0.98 per diluted common limited partner unit, in the fourth quarter 2022.

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Delek Logistics Partners, LP filing history →

Source: SEC EDGAR

accession 0001552797-24-000008

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