Delek Logistics Partners LP is a master limited partnership that primarily focuses on providing logistics and transportation services related to crude oil and refined petroleum products
The company operates a network of pipelines, terminals, and storage facilities across various regions, facilitating the efficient movement and storage of energy resources. Through its strategic infrastructure, Delek Logistics plays a critical role in supporting the energy sector by ensuring the reliable distribution of fuel to meet market demand, while also providing third-party logistics services to enhance operational efficiency for its partners and clients.
Delek Logistics Partners pays a high yield, over 10% with shares near a long-term low, and the insiders are buying it. Analysts and institutions also buy.
Delek Logistics Partners shares are trading lower by 12% Wednesday afternoon. The company priced its public offering of 3.85 million common units at $39.00 per unit.
DKL stock results show that Delek Logistics Partners missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
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