Delek US Holdings ( (DK) ) has issued an update.
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Delek Logistics Partners, LP announced the completion of its acquisition of Gravity Water Intermediate Holdings LLC for $285 million. This strategic move enhances Delek’s integrated crude and water services in the Permian Basin, boosting synergies with its recent H2O Midstream acquisition and supporting its goal of increased EBITDA from third-party sources, thereby strengthening its position in the midstream sector.
More about Delek US Holdings
Delek Logistics Partners, LP is a midstream energy master limited partnership headquartered in Brentwood, Tennessee. It provides services such as gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, and water disposal and recycling, primarily in the Permian Basin and Gulf Coast region.
YTD Price Performance: 0.0%
Average Trading Volume: 1,191,934
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.17B
See more insights into DK stock on TipRanks’ Stock Analysis page.
