Delek Logistics Partners Stock (NYSE: DKL)

Dernières nouvelles pour Delek Logistics Partners (NYSE:DKL) Stock

Delek Logistics Partners

Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil and intermediate and refined products. The company's segment includes gathering and processing; wholesale marketing and terminalling; storage and transportation and investment in pipeline joint ventures. It generates maximum revenue from the wholesale marketing and terminalling segment, which provides marketing services for the refined products output of the Delek Holdings' refineries, engages in wholesale activity at its terminals and terminals owned by third parties, whereby it purchases light product for sale and exchange to third parties, and provides terminalling services at its refined products terminals to independent third parties and Delek Holdings.

Delek Logistics Partners, L.P. Common Units representing Limited Partner Interests

Delek Logistics Partners LP

DECKLAR RES INC by Decklar Resources Inc.

Decklar Resources Inc

Delek Logistics Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) reported quarterly earnings of $0.73 per share which missed the analyst consensus estimate of $0.82 by 10.98 percent. This is unchanged from the same period last year. The company reported quarterly sales of $249.93 million which missed the analyst consensus estimate of $251.07 million by 0.45 percent. This is a 0.85 percent decrease over sales of $252.07 million the same period last year.

Earnings

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News

Delek Logistics Partners Q1 EPS $0.73 Misses $0.82 Estimate, Sales $249.93M Miss $251.07M Estimate

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Earnings Scheduled For May 7, 2025

General

Delek Logistics Partners Increases Quarterly Cash Distribution To $1.11 Per Common Limited Partner Unit

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3 class="wp-block-heading">Kimbell Royalty Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRP#NYSE">KRP</a>)</h3>
<ul>
<li>Dividend Yield: 11.18%</li>
<li>Truist Securities analyst Neal Dingmann downgraded the stock from Buy to Hold and cut the price target from $22 to $16 on March 4, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Raymond James analyst John Freeman maintained a Strong Buy rating and raised the price target from $19 to $23 on Jan. 23, 2025. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: Kimbell Royalty Partners will release its first quarter financial results on Thursday, May 8, before the market open.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0403">KRP news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0403"><img loading="lazy" decoding="async" width="903" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03045124/image-32.png" alt="" class="wp-image-854845" style="width:535px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03045124/image-32.png 903w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03045124/image-32-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03045124/image-32-768x712.png 768w" sizes="(max-width: 903px) 100vw, 903px" /></a></figure>
<h3 class="wp-block-heading">Delek Logistics Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>)</h3>
<ul>
<li>Dividend Yield: 10.13%</li>
<li>Raymond James analyst Justin Jenkins maintained an Outperform rating and raised the price target from $44 to $46 on Jan. 28, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Truist Securities analyst Neal Dingmann maintained a Buy rating and boosted the price target from $46 to $50 on Nov. 18, 2024. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On Feb. 25, Delek Logistics Partners posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest DKL <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0403">news </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0403"><img loading="lazy" decoding="async" width="903" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03045153/image-1-8.png" alt="" class="wp-image-854846" style="width:652px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03045153/image-1-8.png 903w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03045153/image-1-8-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03045153/image-1-8-768x720.png 768w" sizes="(max-width: 903px) 100vw, 903px" /></a></figure>
<h3 class="wp-block-heading">Western Midstream Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>)</h3>
<ul>
<li>Dividend Yield: 8.41%</li>
<li>UBS analyst Shneur Gershuni maintained a Neutral rating and lowered the price target from $40 to $37 on Nov. 15, 2024. This analyst has an accuracy rate of 82%.</li>
<li>Morgan Stanley analyst Robert Kad downgraded the stock from Equal-Weight to Underweight and cut the price target from $42 to $40 on Oct. 25, 2024. This analyst has an accuracy rate of 78%.</li>
<li>Recent News: On Feb. 26, Western Midstream posted weak quarterly earnings.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0403">latest WES news</a> </li>
</ul>
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Dividends

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 8% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3 class="wp-block-heading">Delek Logistics Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>)</h3>
<ul>
<li>Dividend Yield: 10.34%</li>
<li>Raymond James analyst Justin Jenkins maintained an Outperform rating and increased the price target from $44 to $46 on Jan. 28, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Truist Securities analyst Neal Dingmann maintained a Buy rating and raised the price target from $46 to $50 on Nov. 18, 2024. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On Feb. 25, Delek Logistics Partners posted better-than-expected quarterly earnings.</li>
<li>Edge Stock Rankings: 53.95 Momentum score with Value at 30.29.</li>
</ul>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/DKL"><img loading="lazy" decoding="async" width="448" height="280" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20111038/dkl.png" alt="" class="wp-image-834055" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20111038/dkl.png 448w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20111038/dkl-300x188.png 300w" sizes="(max-width: 448px) 100vw, 448px" /></a></figure>
<h3 class="wp-block-heading">Plains All American Pipeline, L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>)</h3>
<ul>
<li>Dividend Yield: 7.53%</li>
<li>Raymond James analyst Justin Jenkins maintained a Strong Buy rating and raised the price target from $23 to $24 on Jan. 28, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Barclays analyst Theresa Chen maintained an Underweight rating and increased the price target from $18 to $19 on Jan. 16, 2025. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Feb. 7, Plains All American Pipeline reported fourth-quarter revenue of $12.402 billion, missing the consensus of $13.742 billion.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest PAA <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">news</a>.</li>
</ul>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="882" height="535" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20112336/paa.png" alt="" class="wp-image-834085" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20112336/paa.png 882w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20112336/paa-300x182.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20112336/paa-768x466.png 768w" sizes="(max-width: 882px) 100vw, 882px" /></a></figure>
<h3 class="wp-block-heading">Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>)</h3>
<ul>
<li>Dividend Yield: 6.29%</li>
<li>Barclays analyst Theresa Chenmaintained an Overweight rating and raised the price target from $35 to $37 on March 14, 2025. This analyst has an accuracy rate of 77%.</li>
<li>Morgan Stanley analyst Robert Kad maintained an Equal-Weight rating and increased the price target from $36 to $38 on March 11, 2025. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: On Feb. 4, Enterprise Products Partners reported a fourth-quarter 2024 sales decline of 2.9% year over year to $14.201 billion, beating the consensus of $14.161 billion.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">latest EPD news</a> </li>
</ul>
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Want Edge Stock Rankings on this stock? <a href="https://www.benzinga.com/quote/EPD">Become an Edge subscriber here</a>
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Photo: Shutterstock

Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 6% Dividend Yields

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Open Text, Regency Centers, and Delek Logistics have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 10%.
Open Text
Open Text Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTEX#NASDAQ">OTEX</a>) engages in the provision of information management products and services.&nbsp;
Open Text has increased its dividend consecutively for the last 12 years. In its most recent dividend hike announcement on July 31, the company's board raised the quarterly payout by 5% to $0.2625 per share, equal to an annual figure of $1.05 per share. The dividend yield on the stock currently stands at 4.18%.
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
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The company&#8217;s annual revenue as of Dec. 31 stood at $5.41 billion. In its Q2 2025 earnings on Feb. 6, the company posted revenues of $1.33 billion and EPS of $1.11. Both figures beat the consensus estimate.
Regency Centers
Regency Centers Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>) is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics.
The company has raised its dividends every year for the last 11 years. In its most recent dividend hike announcement on Nov. 7, the company's board increased the quarterly payout by 5.2% to $0.705 per share, equaling an annual figure of $2.82 per share. Currently, the dividend yield is 4.01%.
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
Regency Centers&#8217; annual revenue as of Dec. 31 stood at $1.45 billion. According to its Q4 2024 earnings report on Feb. 6, the company posted revenues of $372.54 million and EPS of $1.09. Both figures beat the Street estimates.
If you invested $10,000 in Regency Centers stock 10 years ago, how much would you have now? Check out this <a href="https://www.benzinga.com/markets/24/12/42439173/if-you-invested-10-000-in-regency-centers-stock-10-years-ago-how-much-would-you-have-now">article by Benzinga</a> to learn more.
Delek Logistics Partners
Delek Logistics Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal and recycling customers in the U.S.
The company has raised its dividends every year for the last 12 years. According to its most recent dividend hike announcement on Jan. 24, it increased the quarterly payout from $1.10 to $1.105 per share, which is equal to an annual figure of $4.42 per share. Currently, the dividend yield on the stock stands at 10.8%.
See Also: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.
Delek Logistics Partners&#8217; annual revenue as of Dec. 31 stood at $940.64 million. In its Q4 2024 earnings report on Feb. 25, the company posted revenues of $209.86 million and EPS of $0.68. Both figures came in below the consensus estimates.
Open Text, Regency Centers, and Delek Logistics are good choices for investors seeking reliable passive income. Their dividend yields of up to 10% and long history of consistent hikes make them attractive to income-focused investors.
Check out this <a href="https://www.benzinga.com/personal-finance/25/03/44307685/looking-for-yields-txnm-altria-and-wec-energy-are-consistent-moneymakers">article by Benzinga</a> for three more stocks offering high dividend yields.&nbsp;
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Personal Finance

OTEX

How Open Text, Regency Centers, And Delek Logistics Can Put Cash In Your Pocket

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3 class="wp-block-heading">Delek Logistics Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>)</h3>
<ul>
<li>Dividend Yield: 10.93%</li>
<li>Raymond James analyst Justin Jenkins maintained an Outperform rating and raised the price target from $44 to $46 on Jan. 28, 2025. This analyst has an accuracy rate of 77%.</li>
<li>Truist Securities analyst Neal Dingmann maintained a Buy rating and boosted the price target from $46 to $50 on Nov. 18, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On Feb. 25, Delek Logistics Partners posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent030725&amp;t=be2bearmibe3na1">latest DKL news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent030725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="908" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07063058/image-30.png" alt="" class="wp-image-813972" style="width:515px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07063058/image-30.png 908w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07063058/image-30-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07063058/image-30-768x709.png 768w" sizes="(max-width: 908px) 100vw, 908px" /></a></figure>
<h3 class="wp-block-heading">Western Midstream Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>)</h3>
<ul>
<li>Dividend Yield: 9.24%</li>
<li>UBS analyst Shneur Gershuni maintained a Neutral rating and decreased the price target from $40 to $37 on Nov. 15, 2024. This analyst has an accuracy rate of 81%.</li>
<li>Morgan Stanley analyst Robert Kad downgraded the stock from Equal-Weight to Underweight and cut the price target from $42 to $40 on Oct. 25, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Recent News: On Feb. 26, Western Midstream posted downbeat quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent030725&amp;t=be2bearmibe3na1">WES news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent030725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="922" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07063122/image-31.png" alt="" class="wp-image-813974" style="width:589px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07063122/image-31.png 922w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07063122/image-31-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07063122/image-31-768x698.png 768w" sizes="(max-width: 922px) 100vw, 922px" /></a></figure>
Noble Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>)
<ul>
<li>Dividend Yield: 8.70%</li>
<li>Evercore ISI Group analyst James West downgraded the stock from Outperform to In-Line and slashed the price target from $64 to $41 on Jan. 15, 2025. This analyst has an accuracy rate of 63%.</li>
<li>JP Morgan analyst Arun Jayaram initiated coverage on the stock with a Neutral rating and a price target of $37 on Dec. 6, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On Feb. 17, the company posted upbeat quarterly sales.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent030725&amp;t=be2bearmibe3na1">NE news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent030725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="840" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07063152/image-32.png" alt="" class="wp-image-813975" style="width:493px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07063152/image-32.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07063152/image-32-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07063152/image-32-768x718.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
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Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields

Below is a summary of DKL's expectations for 2025:
Generate $480 - $520 million of Adjusted EBITDA Coverage ratio of approximately 1.3x by year end Invest $220 - $250 million in capital expenditures, including expansion projects Expect to continue growing the distributions in 2025

Guidance

Delek Logistics 2025 Outlook: Expects Adjusted EBITDA Of $480-$520M And Sees $220M-$250M Capital Expenditures

Delek Logistics Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.62 by 9.68 percent. The company reported quarterly sales of $209.86 million which missed the analyst consensus estimate of $240.05 million by 12.57 percent. This is a 17.43 percent decrease over sales of $254.15 million the same period last year.

Earnings Beats

Delek Logistics Partners Q4 2024 GAAP EPS $0.68 Beats $0.62 Estimate, Sales $209.86M Miss $240.05M Estimate

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Earnings Scheduled For February 25, 2025

Raymond James analyst Justin Jenkins maintains Delek Logistics Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) with a Outperform and raises the price target from $44 to $46.

Raymond James Maintains Outperform on Delek Logistics Partners, Raises Price Target to $46

Delek Logistics Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) ("Delek Logistics") today declared its quarterly cash distribution for the fourth quarter 2024 of $1.105 per common limited partner unit, or $4.42 per common limited partner unit on an annualized basis. The fourth quarter 2024 cash distribution is payable on February 11, 2025, to unitholders of record on February 4, 2025.

Delek Logistics Partners, LP Increases Quarterly Cash Distribution From $1.10 To $1.105 Per Common Limited Partner Unit

While Gravity is divesting its water midstream assets, the company will retain ownership and operation of its power infrastructure assets, continuing its commitment to providing critical power generation offerings.
Clearlake and Gravity partnered in 2017 to pursue produced water midstream opportunities. Over the last several years, Gravity has focused on organically growing its water infrastructure business to support producers in the Midland and Williston basins, and its water business segment has quickly grown into one of the largest commercial operators of disposal wells in the Midland Basin. Gravity Water Midstream developed a system comprised of 200+ miles of permanent pipeline, 46 SWD facilities,&nbsp;and 14 fresh water facilities with over six million barrels of storage capacity, all of which form an extensive and interconnected network.

Reported Earlier, Delek Logistics Acquires Gravity Water Midstream's 200+ Mile Pipeline Network And Extensive Water Infrastructure In The Midland Basin

Delek Logistics Partners Reports Development Of Permitted Acid Gas Injection 'AGI' Capabilities At Its Under-construction Libby 2 Gas Processing Plant

Looking into the current session, Delek Logistics Partners Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) shares are trading at $40.35, after a 1.38% spike. Moreover, over the past month, the stock spiked by 3.78%, but in the past year, decreased by 17.87%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1733493732_0.png" alt="Past Year Chart" />

<h3>A Look at Delek Logistics Partners P/E Relative to Its Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 30.61 in the Oil, Gas &amp; Consumable Fuels industry, Delek Logistics Partners Inc. has a lower P/E ratio of 14.11. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1733493732_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Delek Logistics Partners

Truist Securities analyst Neal Dingmann maintains Delek Logistics Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) with a Buy and raises the price target from $46 to $50.

Truist Securities Maintains Buy on Delek Logistics Partners, Raises Price Target to $50

Delek Logistics Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) reported quarterly earnings of $0.71 per share which missed the analyst consensus estimate of $0.81 by 12.35 percent. The company reported quarterly sales of $214.070 million which missed the analyst consensus estimate of $264.050 million by 18.93 percent. This is a 22.39 percent decrease over sales of $275.824 million the same period last year.

Delek Logistics Partners Q3 2024 GAAP EPS $0.71 Misses $0.81 Estimate, Sales $214.070M Miss $264.050M Estimate

Delek Logistics Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) ("Delek Logistics") today declared its quarterly cash distribution for the third quarter 2024 of $1.10 per common limited partner unit, or $4.40 per common limited partner unit on an annualized basis. The third quarter 2024 cash distribution is payable on November 14, 2024, to unitholders of record on November 8, 2024.

Reported Earlier, Delek Logistics Partners Increased Its Quarterly Cash Distribution To $1.10 Per Unit From $1.09 In Prior Quarter, Payable November 14

B of A Securities analyst Jean Ann Salisbury reinstates Delek Logistics Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) with a Underperform and announces $36 price target.

Initiation

B of A Securities Reinstates Underperform on Delek Logistics Partners, Announces $36 Price Target

Delek Logistics Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKL#NYSE">DKL</a>) shares are trading lower by 12% to $39.30 Wednesday afternoon announced the pricing of its public offering of 3.85 million common units at <a href="https://www.benzinga.com/pressreleases/24/10/b41242601/delek-logistics-partners-lp-announces-pricing-of-public-offering-of-common-units">$39.00 per unit</a>.
What Else: The offering is part of a previously filed shelf registration with the SEC, and Delek Logistics has also granted underwriters a 30-day option to purchase an additional 576,922 units. The company plans to use the proceeds to redeem its convertible preferred units and repay debt.
Following the offering, Delek US Holdings Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DK#NYSE">DK</a>) ownership stake in Delek Logistics will decrease from 70.4% to 65.2%. Executives, including CEO Avigal Soreq, may purchase up to $300,000 worth of units. The offering is set to close on October 10.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41254642/s-p-500-hits-new-all-time-high-ahead-of-fed-minutes-as-lower-oil-prices-offer-relief-whats-driving-">S&amp;P 500 Hits New All-Time High Ahead Of Fed Minutes As Lower Oil Prices Offer Relief: What&#8217;s Driving Markets Wednesday?</a>
<h2 class="wp-block-heading">How To Buy DKL Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Delek Logistics Partners&#8217; case, it is in the Energy sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, DKL has a 52-week high of $53.80 and a 52-week low of $37.02.

Why Delek Logistics Partners (DKL) Stock Is Down 12%

Press Releases

Delek US Holdings Reports Fourth Quarter 2024 Results

Delek Logistics Partners, LP Announces 2025 Financial Expectations

Delek Logistics Partners, LP 2024 Form 10-K Available on Website

Delek Logistics Partners, LP 2024 K-1 Tax Packages Available on Website

Delek US Holdings to Host First Quarter 2025 Conference Call on May 7th

Delek Logistics Partners, LP to Host First Quarter 2025 Conference Call on May 7th

Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.11 per Common Limited Partner Unit

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