Nov. 6 at 12:23 PM
$DKL Delek Logistics reports Q3 EPS 71c, consensus 84c
Reports Q3 revenue $
$214.1M, consensus $
$264.05M. "Our recent equity offering allows us to bring forward additional growth opportunities and strengthen our position in the Delaware basin. We will continue to strengthen and grow DKL through a prudent management of liquidity and leverage," Mr. Soreq continued. DKL reported third quarter 2024 net income attributable to limited partners of
$33.7 million, or
$0.71 per diluted common limited partner unit. The third quarter 2024 net income attributable to limited partners included
$8.7 million of transaction costs and impacts of sales-type lease accounting.
This compares to net income attributable to limited partners of
$34.8 million, or
$0.80 per diluted common limited partner unit, in the third quarter 2023. Net cash provided in operating activities was
$24.9 million in the third quarter 2024 compared to
$46.8 million in the third quarter 2023. Distributable cash flow, as adjusted was
$62.0 million in the third quarter 2024, compared to
$61.4 million in the third quarter 2023. For the third quarter 2024, earnings before interest, taxes, depreciation and amortization was
$69.2 million compared to
$98.2 million in the third quarter 2023. The third quarter 2024 EBITDA included
$8.7 million of transaction costs and impacts of sales-type lease accounting. For the third quarter 2024, Adjusted EBITDA was
$106.8 million compared to
$98.2 million in the third quarter 2023.
