Delek Logistics Partners, LP Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 06:00 pm IST
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Delek Logistics Partners, LP reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 275.82 million compared to USD 294.03 million a year ago. Revenue was USD 275.82 million compared to USD 294.03 million a year ago. Net income was USD 34.83 million compared to USD 44.67 million a year ago. Basic earnings per share from continuing operations was USD 0.8 compared to USD 1.03 a year ago. Diluted earnings per share from continuing operations was USD 0.8 compared to USD 1.03 a year ago.
For the nine months, sales was USD 766.26 million compared to USD 767.36 million a year ago. Revenue was USD 766.26 million compared to USD 767.36 million a year ago. Net income was USD 104.09 million compared to USD 116.35 million a year ago. Basic earnings per share from continuing operations was USD 2.39 compared to USD 2.68 a year ago. Diluted earnings per share from continuing operations was USD 2.39 compared to USD 2.67 a year ago.
Delek Logistics Partners, LP owns and operates crude oil, intermediate and refined products logistics and marketing assets as well as crude oil and natural gas gathering and water processing assets. The Company operates through four segments: Gathering and Processing, Wholesale Marketing and Terminalling, Storage and Transportation, and Investment in Joint Ventures. Its Gathering and Processing segment provides crude oil and natural gas gathering and processing, water disposal and recycling and storage services to Delek Holdings' refining operations in Tyler, Texas, El Dorado, Arkansas and Big Spring, Texas. Its Wholesale Marketing and Terminalling segment consists of refined products terminals and pipelines in Texas, Tennessee, Arkansas, and Oklahoma. Its Storage and Transportation segment provides crude oil, intermediate and refined products transportation, and storage services to Delek Holdings' refining operations in Tyler, Texas, El Dorado, Arkansas and Big Spring, Texas.
DELEK LOGISTICS PARTNERS, LP 
