Delek Logistics is diversifying its customer base and sources of revenue, increasing the contribution of the water segment. Adjusted EBITDA is expected to grow by 20%, driven by the recent acquisitions in the water segment and the new gas facility. Cash distributions keep increasing, and if the recent acquisitions translate into higher income, they are sustainable.
Delek Logistics Partners (DKL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Delek Logistics Partners (DKL) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Here is how Delek Logistics Partners, L.P. (DKL) and OMV AG (OMVKY) have performed compared to their sector so far this year.
Delek Logistics Partners, LP Common Units (NYSE:DKL ) Q4 2024 Earnings Conference Call February 25, 2025 12:30 PM ET Company Participants Robert Wright - Deputy CFO Avigal Soreq - President Reuven Spiegel - EVP Mark Cox - EVP Conference Call Participants Doug Irwin - Citi Neal Dingmann - Truist Securities Operator Thank you for standing by. My name is Joel, and I will be your conference operator today.
Delek Logistics Partners, LP Common Units (NYSE:DKL ) Q3 2024 Earnings Call November 6, 2024 11:30 AM ET Company Participants Robert Wright - Deputy Chief Financial Officer Avigal Soreq - President Joseph Israel - Executive Vice President, Operations Reuven Spiegel - Executive Vice President and Chief Financial Officer Odely Sakazi - Senior Vice President Conference Call Participants Doug Irwin - Citi Neal Dingmann - Truist Securities Operator Thank you for standing by. My name is Joel, and I will be your conference operator today.
Delek Logistics Partners (DKL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
DKL Logistics LP, a master limited partnership, focuses on crude oil and refined products logistics, with significant assets supporting Delek US Holdings' refineries. Despite flat revenues and net income decline in 2023, DKL saw a 23.5% rise in EBITDA and 8.5% growth in distributable cash flow. DKL's recent acquisition of H2O Midstream for $230 million aims to diversify operations and reduce dependence on Delek US Holdings.
MPW, NREF and DKL made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 26, 2024.
SMFG, QFIN, and DKL made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 22, 2024.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Delek Logistics Partners flies under the radar of most Wall Street analysts. The MLP's monster distribution is on a solid foundation.