/PRNewswire/ Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the fourth quarter 2021. For the three.
/PRNewswire/ - Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the third quarter 2021. For the three.
Delek Logistics Partners, LP Reports First Quarter 2021 Results
- Reported first quarter net income attributable to all partners of $36.3 million; represents a 30% increase y/y
- EBITDA of $58.7 million represented an increase of 21% y/y
- Agreement with Baker Hughes offers scalable organic growth opportunities with minimal capital
- First quarter distributable cash flow coverage ratio of 1.3x and total leverage ratio of approximately 3.7x
- Declared first quarter distribution of $0.92 per limited partner unit; reflects 3.4 percent increase y/y
- Reiterating 5% distribution growth in 2021 versus year-ago levels
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BRENTWOOD, Tenn., May 4, 2021 /PRNewswire/ Delek Logistics Partners, LP (NYSE: DKL) ( Delek Logistics ) today announced its financial results for the first quarter 2021. For the three months ended March 31, 2021, Delek Logistics reported net income attributable to all partners of $36.3 million, or $0.83 per di
Delek Logistics Partners, LP Reports Fourth Quarter 2020 Results
- Reported fourth quarter net income attributable to all partners of $40.7 million; represents an 88% increase y/y
- EBITDA of $64.0 million represented an increase of 48% y/y
- Zero recordable incidents for the full-year 2020
- Fourth quarter distributable cash flow coverage ratio of 1.41x and total leverage ratio of 3.8x
- Declared fourth quarter distribution of $0.910 per limited partner unit; reflects 2.8% percent increase y/y
- Achieved full-year distribution growth target of 5% in 2020; expect another 5% increase in 2021
- Delivered on year-end distribution coverage and leverage ratio targets earlier than expected
- Announced Sherri A. Brillon to the Board of Directors on February 1, 2021, bringing deep industry experience, diversity and fresh perspective
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