Delek Logistics reports Q4 EPS 51c vs. 98c last year

The decrease in EPS was driven by higher interest expense and a Q4 goodwill impairment. Reports Q4 revenue $254.15M vs. $269.05M last year. Q4 adjusted EBITDA was $100.9M vs. $92.5M in 4Q22. “I am pleased to say that Delek Logistics has exceeded quarterly earnings goals, and surpassed last year’s strong performance,” said Avigal Soreq, President of Delek Logistics’ general partner. “We saw substantial growth from new connections in our Midland gathering operations, further validating our strong position in the Permian Basin…We are excited for Delek Logistics’ future and numerous growth opportunities. The business looks to utilize capital investments in 2024 to support customer growth and expand upon existing assets In January, the Board approved the 44th consecutive increase in the quarterly distribution to $1.055 per unit. Delek Logistics has a strong track record of delivering value to unitholders. We feel confident in our ability to maintain competitive distributions to our investors as we head into 2024”.