Reports Q1 revenue $252.1M, consensus $258. 8M “Delek Logistics had a strong quarter, delivering another solid financial and operational performance,” said Avigal Soreq, President of Delek Logistics’ general partner. “I’m proud of the team for successfully executing the debt and equity offerings during the quarter,” Soreq continued. “We improved DKL‘s financial strength and flexibility with these transactions. The leverage ratio was lowered to 4.01x, down from 4.34x at year-end 2023, and liquidity was improved to approximately $800.0 million. Additionally, we saw new investor interest and increased volume activity in the units, enhancing our opportunities with DKL.” “In April, the Board continued its commitment to return value to unitholders and approved the 45th consecutive increase in the quarterly distribution to $1.070 per unit,” Mr. Soreq concluded.
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