secwatch.observer — SEC 8-K summary
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Issuer:     Delek Logistics Partners, LP (DKL)
CIK:        0001552797
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001552797-24-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552797/000155279724000008/0001552797-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552797/000155279724000008/dkl-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001552797-24-000008

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