Delek Logistics Partners LP

NYSE:DKLUnited States

Nov 6, 2024

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• Delek Logistics Partners' Q3 Net Earnings, Revenue Fall, from 8:51AM ET on Wednesday Nov 06, 2024 by MT Newswires

  8:51AM ET on Wednesday Nov 06, 2024 by MT Newswires
  Companies Mentioned: DKL
  08:51 AM EST, 11/06/2024 (MT Newswires) -- Delek Logistics Partners (DKL) reported Q3 net income Wednesday of $0.71 per limited partner unit, down from $0.80 a year earlier. Three analysts polled by Capital IQ expected $0.84. Net revenue for the qua...

• -- Earnings Flash (DKL) DELEK LOGISTICS PARTNERS LP Reports Q3 Revenue $214.1M, from 7:03AM ET on Wednesday Nov 06, 2024 by MT Newswires

  7:03AM ET on Wednesday Nov 06, 2024 by MT Newswires
  Companies Mentioned: DKL
  07:03 AM EST, 11/06/2024 (MT Newswires) -- ...

• *DJ Delek Logistics Partners 3Q EPS 71c >DKL, from 7:00AM ET on Wednesday Nov 06, 2024 by Dow Jones

  7:00AM ET on Wednesday Nov 06, 2024 by Dow Jones
  Companies Mentioned: DKL

• Delek Logistics Reports Record Third Quarter 2024 Results, from 7:00AM ET on Wednesday Nov 06, 2024 by Dow Jones

  7:00AM ET on Wednesday Nov 06, 2024 by Dow Jones
  Companies Mentioned: DKL
  Gathering Wholesale in Pipeline and Marketing and Storage and Joint Corporate Processing Terminalling Transportation Ventures and Other Consolidated ------------ -------------- ------------------ ------------ ------------ ---------------- Net revenues: Affiliate $157,362 $156,437 $ 100,604 $ -- $ -- $ 414,403 Third party 123,132 221,809 6,916 -- -- 351,857 ------- ------- ---- -------- ---- ----------- ------- -------- Total revenue $280,494 $378,246 $ 107,520 $ -- $ -- $ 766,260 ======= ======= ==== ======== ==== =========== ======= ======== Adjusted EBITDA $161,014 $ 78,071 $ 46,316 $ 22,889 $(24,111) $ 284,179 ------- ------- ---- -------- ---- ----------- ------- -------- Segment EBITDA $161,014 $ 78,071 $ 46,316 $ 22,889 $(24,111) 284,179 ------- ------- ---- -------- ---- ----------- ------- Depreciation and amortization 54,511 5,338 7,109 -- 2,459 69,417 Amortization of customer contract intangible -- 5,408 -- -- -- 5,408 Interest income -- -- -- -- -- -- Interest expense -- -- -- -- 104,581 104,581 Income tax expense 685 -------- Net income $ 104,088 ======== Capital spending $ 62,168 $ 2,527 $ 3,933 $ -- $ -- $ 68,628 ======= ======= ==== ======== ==== =========== ======= ======== Delek Logistics Partners, LP Segment Capital Spending (In thousands) Three Months Ended Nine Months Ended September September 30, 30, -------------------------- --------------------------- Gathering and Processing 2024 2023 2024 2023 ----------- ------------- ------------ ------------- Regulatory capital spending $ -- $ 31 $ -- $ 31 Sustaining capital spending 284 980 1,292 980 Growth capital spending (1) 61,802 10,991 82,868 61,157 --- ------ --------- --- ------- --------- Segment capital spending $ 62,086 $ 12,002 $ 84,160 $ 62,168 --- ------ --------- --- ------- --------- Wholesale Marketing and Terminalling Regulatory capital spending $ 379 $ 292 406 371 Sustaining capital spending 823 1,679 817 754 Growth capital spending -- 152 -- 1,402 --- ------ --------- --- ------- --------- Segment capital spending $ 1,202 $ 2,123 $ 1,223 $ 2,527 --- ------ --------- --- ------- --------- Storage and Transportation Regulatory capital spending $ 366 $ 522 $ 688 $ 1,670 Sustaining capital spending 1,544 -- 4,479 2,263 Growth capital spending -- -- $ -- $ -- --- ------ --------- --- ------- --------- Segment capital spending $ 1,910 $ 522 $ 5,167 $ 3,933 --- ------ --------- --- ------- --------- Consolidated Regulatory capital spending $ 745 $ 845 $ 1,094 $ 2,072 Sustaining capital spending 2,651 2,659 6,588 3,997 Growth capital spending (1) 61,802 11,143 82,868 62,559 --- ------ --------- --- ------- --------- Total capital spending $ 65,198 $ 14,647 $ 90,550 $ 68,628 === ====== ========= === ======= ========= (1) 2024 includes $53.4 million of capital spending related to the new gas processing plant. Delek Logistics Partners, LP Segment Operating Data (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, -------------------- -------------------------- 2024 2023 2024 2023 -------- ---------- ----------- ------------- Gathering and Processing Segment: Throughputs (average bpd) El Dorado Assets: Crude pipelines (non-gathered) 68,430 70,153 71,576 64,835 Refined products pipelines to Enterprise Systems 55,283 63,991 59,681 54,686 El Dorado Gathering System 13,886 14,774 12,113 13,935 East Texas Crude Logistics System 35,891 36,298 26,319 29,928 Midland Gathering System 185,179 248,443 201,796 230,907 Plains Connection System 188,421 250,550 218,323 248,763 Delaware Gathering Assets: Natural Gas Gathering and Processing (Mcfd(1) ) 75,719 69,737 76,092 72,569 Crude Oil Gathering (average bpd) 125,123 111,973 124,190 110,935 Water Disposal and Recycling (average bpd) 123,856 99,158 120,360 104,920 Midland Water Gathering System: Water Disposal and Recycling (average bpd) (2) 100,335 -- 100,335 -- Wholesale Marketing and Terminalling Segment: East Texas - Tyler Refinery sales volumes (average bpd) (3) 70,172 69,178 69,246 57,894 Big Spring marketing throughputs (average bpd) 22,700 81,617 60,109 78,399 West Texas marketing throughputs (average bpd) 6,552 10,692 5,276 9,871 West Texas gross margin per barrel $ 3.38 $ 9.64 $ 2.85 $ 8.76 Terminalling throughputs (average bpd) (4) 160,849 121,430 152,272 116,455 (1) Mcfd - average thousand cubic feet per day. (2) 2024 volumes include volumes from September 11, 2024 through September 30, 2024. (3) Excludes jet fuel and petroleum coke. (4) Consists of terminalling throughputs at our Tyler, Big Spring, Big Sandy and Mount Pleasant, Texas, El Dorado and North Little Rock, Arkansas and Memphis and Nashville, Tennessee terminals.