Delek Logistics upgraded, Western Midstream downgraded at Raymond James [Seeking Alpha]
Delek Logistics Partners, L.P. Common Units representing Limited Partner Interests (DKL)
Last delek logistics partners, l.p. common units representing limited partner interests earnings: 2/25 04:15 pm
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US:NYSE Investor Relations:
deleklogistics.com/investor-relations
Company Research
Source: Seeking Alpha
valuation looks more attractive with units trading near the bottom of a more than three-year range. Ray Jay analysts Justin Jenkins and J.R. Weston say Delek Logistics ( DKL ) has been one of the worst performing equities in its coverage lately, down nearly 10% YTD, but a steady growth outlook and improved balance sheet opens a more compelling risk/reward opportunity. Delek Logistics ( DKL ) now trades below 8x EV/EBITDA on 2025 estimates - near the bottom of the midstream group - and boasts a free cash flow yield in the mid-teens on next year's outlook, Ray Jay writes, adding the total return opportunity looks even better with a nearly 11% distribution yield. With the recent bond offering extending maturities coupled with this month's equity raise, Ray Jay says Delek Logistics' ( DKL ) financing profile looks much improved, adding the equity offering increases freefloat by more than 35%, helping with liquidity and taking leverage from the low-4s to upper-3s, near the midstream
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High impacting Delek Logistics Partners, L.P. Common Units representing Limited Partner Interests news events
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DKL
News
- Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.07 per Common Limited Partner Unit [Yahoo! Finance]Yahoo! Finance
- Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.07 per Common Limited Partner UnitBusiness Wire
- Delek Logistics Partners, LP (NYSE: DKL) is now covered by analysts at Truist Financial Co.. They set a "buy" rating and a $46.00 price target on the stock.MarketBeat
- Delek Logistics Partners, LP Announces Pricing of Offering of $200 Million of Additional 8.625% Senior Notes Due 2029Business Wire
- Delek Logistics Partners, LP Announces Proposed Offering of $200 Million of Additional 8.625% Senior Notes Due 2029 [Yahoo! Finance]Yahoo! Finance
DKL
Earnings
- 2/27/24 - Miss
DKL
Sec Filings
- 4/26/24 - Form S-3
- 4/26/24 - Form 8-K
- 4/17/24 - Form 8-K
- DKL's page on the SEC website