earnings
confidence high
sentiment positive
materiality 0.75
Delek Logistics Q1 2024: net income $32.6M ($0.73/unit), EBITDA $101.5M, distribution $1.07/unit
Delek Logistics Partners, LP
- Net income attributable to all partners of $32.6M ($0.73/diluted unit) vs $37.4M ($0.86) in Q1 2023.
- EBITDA $101.5M (up from $93.2M); distributable cash flow $68.0M, coverage ratio 1.35x.
- Distribution increased to $1.07/unit; 45th consecutive increase; 1.4% QoQ, 4.4% YoY.
- Leverage ratio improved to 4.01x from 4.34x; liquidity ~$800M after debt and equity offerings.
- Segment EBITDA: Gathering & Processing $57.8M, Wholesale Marketing $25.3M, Storage & Transportation $18.1M.