Delek Logistics Secures Permian Basin Operations and Engages Investors

Delek Logistics (DKL) has provided an update.

Delek Logistics Partners, LP has struck a $230 million deal to acquire H2O Midstream Holdings, LLC’s water disposal and recycling operations in the Permian Basin, Texas, with payment in cash and preferred equity. A $23 million deposit has been made, which is refundable depending on the success of closing conditions, including regulatory approvals, expected by the end of 2024. Additionally, Delek’s senior management will use new materials to engage with current and potential investors, information which will be accessible on their website but not considered material for investment decisions.

For an in-depth examination of DKL stock, go to TipRanks’ Stock Analysis page.