Delek Logistics Partners LP

Chart & Performance

D1W1MN

P/E

16.75

P/S

2.07

EPS

2.45

Div Yield, %

8.51%

Shrs. gr., 5y

12.32%

Rev. gr., 5y

9.18%

Revenues

1.02b

-1.54%

Net income

126m

-20.63%

CFO

225m

+17.25%

Dividend

Aug 09, 20241.09 USD/sh

Earnings

Feb 25, 2025

Profile

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates through three segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investment in Pipeline Joint Ventures. The Pipelines and Transportation segment includes pipelines, trucks, and ancillary assets that provide crude oil gathering, crude oil intermediate and refined products transportation, and storage services primarily in support of the Tyler, El Dorado, and Big Spring refineries, as well as offers crude oil and other products transportation services to third parties. This segment operates approximately 400 miles of crude oil transportation pipelines; 450 miles of refined product pipelines; and approximately 900 miles of crude oil gathering, and intermediate and refined products storage tanks with an aggregate of approximately 10.2 million barrels of active shell capacity. The Wholesale Marketing and Terminalling segment provides wholesale marketing, transporting, storage, and terminalling services related to refined products to independent third parties. The Investments in Pipeline Joint Ventures Segment owns a portion of three joint ventures that have constructed separate crude oil pipeline systems and related ancillary assets, which serves third parties and subsidiaries. Delek Logistics GP, LLC serves as the general partner of the company. Delek Logistics Partners, LP was incorporated in 2012 and is headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP operates as a subsidiary of Delek US Holdings, Inc.

URL

https://www.deleklogistics.com/

IPO date

Nov 02, 2012

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	1,020,409 -1.54%	1,036,407 47.87%	700,902 24.40%
Cost of revenue	762,630	821,192	506,297
Unusual Expense (Income)
NOPBT	257,779	215,215	194,605
NOPBT Margin	25.26%	20.77%	27.76%
Operating Taxes	1,205	382	153
Tax Rate	0.47%	0.18%	0.08%
NOPAT	256,574	214,833	194,452
Net income	126,236 -20.63%	159,052 -3.50%	164,822 3.50%
Dividends	(180,025)	(171,087)	(161,717)
Dividend yield	9.56%	8.69%	8.71%
Proceeds from repurchase of equity		3,096
BB yield		-0.16%
Debt
Debt current	43,394	23,020	6,811
Long-term debt	1,697,156	1,678,815	933,923
Deferred revenue		(1,000)	(1,000)
Other long-term liabilities	31,401	25,100	29,207
Net debt	1,495,458	1,436,843	686,412
Cash flow
Cash from operating activities	225,319	192,168	275,162
CAPEX	(96,101)	(146,695)	(24,016)
Cash from investing activities	(89,629)	(770,437)	(16,360)
Cash from financing activities	(139,905)	581,947	(258,753)
FCF	196,565	(312,641)	285,570
Balance
Cash	3,755	7,970	4,292
Long term investments	241,337	257,022	250,030
Excess cash	194,072	213,172	219,277
Stockholders' equity
Invested Capital	1,595,050	1,586,871	838,787
ROIC	16.13%	17.71%	21.97%
ROCE	16.16%	13.55%	23.17%
EV
Common stock shares outstanding	43,611	43,512	43,460
Price	43.17 -4.60%	45.25 5.90%	42.73 33.53%
Market cap	1,882,700 -4.38%	1,968,902 6.02%	1,857,066 72.73%
EV	3,378,158	3,405,745	2,543,478
EBITDA	357,374	285,414	244,586
EV/EBITDA	9.45	11.93	10.40
Interest	143,244	82,304	50,221
Interest/NOPBT	55.57%	38.24%	25.81%