Delek Logistics Increases Quarterly Cash Distribution

By Tamara Parker • Saturday, January 25 10:16 • Permanent Link

Delek Logistics Partners, LP (NYSE: DKL) has announced an increase in its quarterly cash distribution for the fourth quarter of 2024 to $1.105 per common limited partner unit. On an annualized basis, this amounts to $4.42 per common limited partner unit, marking a notable change from the previous distribution. The distribution is scheduled to be paid on February 11, 2025, to unitholders of record on February 4, 2025.

Delek Logistics, headquartered in Brentwood, Tennessee, operates as a midstream energy master limited partnership. Its services include gathering, pipeline, transportation, and other related services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal, and recycling. The company's assets and joint ventures are primarily concentrated in the Permian Basin, the Delaware Basin, and other select areas in the Gulf Coast region.

This announcement reflects the company's commitment to rewarding its unitholders and signifies a change in the distribution pattern compared to the previous period. Following these announcements, the company's shares moved -0.3%, and are now trading at a price of $44.19. Check out the company's full 8-K submission here.

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