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Delek Logistics (DKL)
NYSE:DKL
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.72Last Year’s EPS
$0.51Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 5.42%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment with the company achieving record EBITDA, successful acquisitions, and increased distributions. Despite some challenges in specific segments, the overall financial health and strategic position have improved.Company Guidance
During the DKL Q3 2024 earnings call, the executives provided optimistic guidance underscored by a strong performance in the quarter. The company reported a record quarterly adjusted EBITDA of approximately $107 million, a significant increase from $98.2 million in Q3 2023. The guidance highlighted several strategic initiatives, including the extension of contracts with DK for seven years and acquisitions like the Wink to Webster Pipeline and H2 Midstream, aimed at strengthening their position in the Permian Basin. The company also announced an increase in the quarterly distribution to $1.10 per unit, marking the 47th consecutive increase, and emphasized a focus on maintaining a leverage ratio target of 3.5x. The adjusted distributable cash flow was reported at $62 million with a coverage ratio of 1.1x, expected to rise above the long-term target of 1.3x by the second half of 2025. Additionally, capital expenditures for the quarter amounted to $65.2 million, primarily directed towards the new gas processing plant, with total spending projected to reach $90-$100 million in the latter half of 2024.Record Quarterly EBITDA
Delek Logistics Partners reported approximately $107 million in quarterly adjusted EBITDA, showing strong performance and growth from $98.2 million in the same period of '23.
Successful Acquisitions and Expansions
Completed acquisitions of Delek's portion in Wink to Webster Pipeline and H2 Midstream, enhancing their position in the Permian basin. Progress on gas processing plant expansion is on schedule and budget.
Increase in Quarterly Distribution
The Board of Directors approved an increase in the quarterly distribution to $1.10 per unit, highlighting the company's commitment to delivering value to unitholders.
Strong Liquidity Position
Approximately $780 million of liquidity was reported post the recent equity offering, indicating prudent management of liquidity and leverage.
Investment in Pipeline Joint Venture
The pipeline joint venture segment contributed $15.6 million this quarter compared to $9.3 million in the third quarter of '23.
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DKL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DKL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $38.41 | $38.19 | -0.57% |
| Aug 06, 2024 | $37.53 | $37.64 | +0.29% |
| May 07, 2024 | $36.16 | $36.73 | +1.58% |
| Feb 27, 2024 | $41.70 | $42.31 | +1.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Delek Logistics (DKL) report earnings?
Delek Logistics (DKL) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Delek Logistics (DKL) earnings time?
Delek Logistics (DKL) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DKL EPS forecast?
DKL EPS forecast for the fiscal quarter 2024 (Q4) is $0.72.
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