secwatch.observer — SEC 8-K summary
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Issuer:     Delek Logistics Partners, LP (DKL)
CIK:        0001552797
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001552797-24-000066
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delek Logistics Q2 net income $41.1M, EBITDA $102.4M; announces $230M H2O Midstream acquisition
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- Net income $41.1M ($0.87/diluted unit) vs $31.9M ($0.73) in Q2 2023.
- EBITDA $102.4M, up from $92.8M; distributable cash flow $67.8M, coverage ratio 1.32x.
- Acquired H2O Midstream for $230M; also buying Delek US' Wink to Webster pipeline interest.
- Quarterly distribution raised to $1.090/unit, 1.9% sequential increase; 46th consecutive increase.
- Leverage ratio improved to 3.81x from 4.34x at year-end 2023; total debt $1.57B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552797/000155279724000066/0001552797-24-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552797/000155279724000066/dkl-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001552797-24-000066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer