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Delek Logistics (DKL)
NYSE:DKL
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.84Last Year’s EPS
0.73Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 7.50%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
Despite a challenging refining margin environment and significant net losses, Delek made notable advancements in operational performance, strategic asset management, and cost savings, signaling a forward-looking approach to improving financial health and shareholder value.Company Guidance
During the fourth-quarter call, Delek US Holdings provided guidance and insights into their financial and operational performance. The company reported a net loss of $414 million, or negative $6.55 per share, with an adjusted net loss of $161 million, or negative $2.54 per share. Adjusted EBITDA showed a loss of $23 million, primarily driven by an $80 million decrease in refining contribution due to a challenging refining margin environment. The logistics segment, however, delivered a robust $107 million in adjusted EBITDA. Operationally, throughput volumes across various refineries were highlighted, with Tyler showing approximately 66,000 barrels per day and Big Spring at around 73,000 barrels per day. Delek's sum of the parts strategy resulted in the sale of their retail asset for $1.49 billion and a strategic swap of assets between Delek and Delek Logistics, aiming to enhance profitability and cash flow certainty. Delek Logistics anticipated adding $100 million in third-party EBITDA from recent acquisitions, contributing to a projected increase in EBITDA from $430 million to a range of $480-$520 million. The company also completed a zero-based budgeting initiative, achieving cost savings of around $100 million. For the first quarter of 2025, Delek expects operating expenses between $220-$235 million and general and administrative expenses between $55-$60 million, with a focus on further improving operational efficiency and cash generation through their Enterprise Optimization Plan.Improved Operational Performance
Significant progress in improving operations, including a successful major turnaround at KSR and improved reliability at Big Spring, consistently running over 70,000 barrels per day.
Sum of the Parts Strategy Progress
Sold retail asset for $1.49 billion and executed an economic swap of assets between DK and DKL, improving profitability and extending contract certainty.
Cost Savings and Cash Flow Improvement
Completed zero-based budget initiative, saving $100 million, and advanced the enterprise optimization plan (EOP) to improve cash flow by $80 to $120 million per year.
Delek Logistics Growth
DKL announced two accretive acquisitions adding around $100 million in third-party EBITDA and progressing capacity expansion in the LiviGas processing complex.
Shareholder Returns
Paid $16 million in dividends and repurchased $22 million of shares, indicating commitment to a balanced capital allocation strategy.
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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 |
|---|---|---|---|
| Feb 25, 2025 | $40.02 | $41.64 | +4.05% |
| Nov 06, 2024 | $37.44 | $37.23 | -0.56% |
| Aug 06, 2024 | $36.58 | $36.69 | +0.30% |
| May 07, 2024 | $35.24 | $35.81 | +1.62% |
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 May 13, 2025, TBA Not Confirmed.
What is Delek Logistics (DKL) earnings time?
Delek Logistics (DKL) earnings time is at May 13, 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 2025 (Q1) is 0.84.
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