secwatch.observer — SEC 8-K summary
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Issuer:     Delek Logistics Partners, LP (DKL)
CIK:        0001552797
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001552797-24-000097
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Delek Logistics Q3 record Adj EBITDA $106.8M (+9% YoY); distribution raised to $1.10/unit
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- Net income $33.7M ($0.71 diluted unit) vs $34.8M ($0.80) in Q3 2023.
- Record Adjusted EBITDA $106.8M (+9% YoY) driven by Midland Gathering, W2W dropdown, and H2O Midstream.
- Closed H2O Midstream acquisition and completed Wink to Webster pipeline dropdown from Delek US; amended long-term agreements.
- Raised $165.3M via October primary offering; distribution increased 0.9% QoQ to $1.10/unit, 47th consecutive increase.
- Leverage 4.15x; $695.1M available under $1.15B revolver; distribution coverage 1.1x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552797/000155279724000097/0001552797-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552797/000155279724000097/dkl-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001552797-24-000097

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