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Recent Updates — DKL

August 14, 2026View Source ↗

Delek Logistics Partners, LP closed an underwritten public offering of 4,600,000 common units at $50.00 per unit, including a full exercise of the underwriters' option for 600,000 additional units. The transaction generated gross proceeds of approximately $220.8 million, which will be used to repay revolving credit borrowings and for general partnership purposes. Consequently, parent company Delek Holdings’ ownership stake decreased from 63.0% to approximately 58.0%. Truist Securities, Mizuho, and Raymond James served as joint book-running managers. Delek Logistics is a midstream energy master limited partnership that provides gathering, pipeline transportation, storage, and water disposal services for crude oil and natural gas in the Permian Basin and Gulf Coast regions.

August 14, 2026View Source ↗

Delek Logistics Partners, LP entered into an underwriting agreement on August 12, 2026, to sell 4,000,000 common units representing limited partner interests at $50.00 per unit, generating gross proceeds of $200 million. The partnership granted the underwriters a 30-day option to purchase up to an additional 600,000 units on identical terms. Truist Securities, Inc., Mizuho Securities USA LLC, and Raymond James & Associates, Inc. serve as joint book-running managers for this offering conducted under an effective Form S-3 registration statement. Delek Logistics Partners, LP operates in the midstream energy sector, providing logistics services such as storage, terminalling, and transportation of petroleum products.

August 13, 2026View Source ↗

Delek Logistics Partners, LP priced an underwritten public offering of 4,000,000 common units at $50.00 per unit on August 12, 2026. The company has granted the underwriters a 30-day option to purchase up to 600,000 additional units. Net proceeds will be used to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes. Delek Holdings’ ownership stake is expected to decline from 63.0% to approximately 58.0%, assuming full exercise of the option. The offering is expected to settle on August 14, 2026. Truist Securities, Mizuho, and Raymond James are acting as joint book-running managers. Delek Logistics Partners, LP operates in the midstream energy sector, providing gathering, pipeline, transportation, storage, and water disposal services primarily for crude oil and natural gas customers.

August 12, 2026View Source ↗

Delek Logistics Partners, LP announced the commencement of an underwritten public offering of $175 million in common units representing limited partner interests on August 12, 2026. The company has granted the underwriters a 30-day option to purchase up to an additional $26.25 million of common units. Truist Securities, Inc., Mizuho, and Raymond James & Associates, Inc. are acting as joint book-running managers for this transaction. Delek Logistics intends to use the net proceeds from the offering, including any amounts raised through the exercise of the over-allotment option, to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes. The offering is subject to market conditions and there is no assurance regarding completion or final size. Delek Logistics Partners, LP operates in the midstream energy sector, providing gathering, pipeline, transportation, storage, and water disposal services primarily in the Permian Basin.

August 5, 2026View Source ↗

Delek Logistics Partners reported second quarter 2026 net income of $28.9 million ($0.54 per unit), down from $44.6 million in the prior year period. Adjusted EBITDA rose to $143.5 million, up from $127.4 million, driven by higher margins and increased interest income from sales-type leases. The company reaffirmed its 2026 EBITDA guidance of $520 million to $560 million. Delek Logistics declared a quarterly cash distribution of $1.135 per unit, representing a 1.8% increase over the prior year's $1.115 per unit; this marks the 54th consecutive quarterly distribution increase. The dividend is payable on August 10, 2026, to unitholders of record on August 3, 2026. Additionally, Mark Hobbs transitioned to Executive Vice President and Kris Kindrick joined as Senior Vice President, Commercial. Delek Logistics operates in the midstream energy sector, providing gathering, pipeline transportation, storage, wholesale marketing, terminalling, and water disposal services primarily for crude oil and natural gas customers.

July 22, 2026View Source ↗

Delek Logistics Partners, LP announced an increase in its quarterly cash distribution to $1.135 per common limited partner unit for the second quarter of 2026. The distribution is payable on August 10, 2026, to unitholders of record as of August 3, 2026. Delek Logistics is a midstream energy master limited partnership providing gathering, pipeline, and transportation services for crude oil, refined products, and natural gas.