Last $33.49 USD
Change Today +0.29 / 0.87%
Volume 9.7K
DKL On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

delek logistics partners lp (DKL) Snapshot

Open
$33.48
Previous Close
$33.20
Day High
$33.50
Day Low
$33.07
52 Week High
05/13/13 - $35.96
52 Week Low
04/19/13 - $28.31
Market Cap
821.4M
Average Volume 10 Days
16.3K
EPS TTM
$2.18
Shares Outstanding
12.0M
EX-Date
01/31/14
P/E TM
15.4x
Dividend
$1.66
Dividend Yield
4.79%
Current Stock Chart for DELEK LOGISTICS PARTNERS LP (DKL)

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delek logistics partners lp (DKL) Details

Delek Logistics Partners, LP owns and operates crude oil and refined products logistics and marketing assets in the United States. It operates through two segments: Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment primarily consists of assets that provide crude oil gathering and crude oil and refined products transportation, as well as crude oil, intermediates, and refined products storage services in support of Delek’s refining operations in Tyler, Texas and El Dorado, Arkansas, as well as provides crude oil transportation services to third parties. This segment operates approximately 400 miles of crude oil transportation pipelines, 48 miles of refined product pipelines, and approximately 600 miles of crude oil gathering and trunk lines with an aggregate of approximately 4.1 million barrels of active shell capacity. The Wholesale Marketing and Terminalling segment offers marketing, transporting, storing, and terminalling refined products and services to independent third parties. Delek Logistics GP, LLC serves as the general partner of Delek Logistics Partners, LP. Delek Logistics Partners, LP was founded in 2012 and is headquartered in Brentwood, Tennessee.

Founded in 2012

delek logistics partners lp (DKL) Top Compensated Officers

Chairman of Delek Logistics GP, LLC and Chief...
Total Annual Compensation: --
Chief Financial Officer of Delek Logistics GP...
Total Annual Compensation: --
Executive Vice President of Delek Logistics G...
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Executive Vice President of Delek Logistics G...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

delek logistics partners lp (DKL) Key Developments

Delek Logistics Partners, LP Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Capital Expenditures Guidance for the Year 2013

Delek Logistics Partners, LP reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported operating income of $13,342,000, net income before income tax expense (benefit) of $11,535,000, net income of $11,325,000, net income attributable to partners of $11,325,000 or $0.46 diluted per share on net sales of $223,097,000 against operating income of $5,155,000, net income before income tax expense (benefit) of $4,249,000, net income of $23,456,000, net income attributable to partners of $26,092,000 or $1.07 diluted per share on net sales of $249,216,000 for the same period a year ago. As of December 31, 2013, total debt was $164.8 million. Maintenance capital expenditures were approximately $1.3 million in the fourth quarter of 2013 and growth-related projects were approximately $500,000. EBITDA was $16,704,000 compared to $7,555,000 a year ago. Net cash provided by operating activities was $8,907,000 compared to $31,143,000 a year ago. For the year, the company reported operating income of $46,304,000, net income before income tax expense (benefit) of $41,734,000, net income of $40,977,000, net income attributable to partners of $47,830,000 or $1.93 diluted per share on net sales of $907,428,000 against operating income of $13,476,000, net income before income tax expense (benefit) of $10,794,000, net income of $24,818,000, net income attributable to partners of $8,410,000 or $0.34 diluted per share on net sales of $1,022,586,000 for the same period a year ago. Cash flows provided by operating activities of $44,391,000 against $26,612,000 for the same period a year ago. Total capital spending was $1,781,000 against $10,051,000 for the same period a year ago. EBITDA was $58,740,000 compared to $23,596,000 a year ago. Total capital expenditures for 2014 are expected to be $20.4 million compared to $5.1 million in 2013. This increase is associated with the acquisitions completed over the past year and additional capital expenditures for growth. The 2014 capital expenditure amount consist of $9.5 million of maintenance, and $10.9 million for growth-related projects. Both these type of these amounts, approximately $6.9 million should be reimbursed under agreement with Delek U.S. during 2014.

Delek Logistics Seeks Acquisitions

Delek Logistics Partners, LP (NYSE:DKL) seeks acquisitions. "We know that we fill our area very well. So, it is the easiest way to go and get the underutilized assets that exist in our areas or in the surrounding areas, if you will, from the same people that are willing sellers, because they know that we can get more value out of these assets. It doesn't mean that we're not going to go outside the areas that we operate today and extend our operation to other areas, but I do not see us buying a pipeline in Wyoming, for example. That is not something that we are thinking about. We want to stay in our area. Our goal is to be a regional player, integrated, so we will continue to work towards that goal, and expanding and extending our reach to other areas that touch the areas that we're in right now," said Uzi Yemin, Delek Logistics Partners LP - President and Chief Executive Officer.

Delek Logistics Partners, LP, Q4 2013 Earnings Call, Feb 26, 2014

Delek Logistics Partners, LP, Q4 2013 Earnings Call, Feb 26, 2014

 

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Industry Analysis

DKL

Industry Average

Valuation DKL Industry Range
Price/Earnings 17.3x
Price/Sales 0.9x
Price/Book 12.2x
Price/Cash Flow 15.7x
TEV/Sales 0.7x
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