Delek Logistics Partners, LP Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
August 06, 2024 at 07:07 am EDT
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Delek Logistics Partners, LP reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 264.63 million compared to USD 246.91 million a year ago. Revenue was USD 264.63 million compared to USD 246.91 million a year ago. Net income was USD 41.06 million compared to USD 31.9 million a year ago. Basic earnings per share from continuing operations was USD 0.87 compared to USD 0.73 a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to USD 0.73 a year ago.
For the six months, sales was USD 516.7 million compared to USD 490.44 million a year ago. Revenue was USD 516.7 million compared to USD 490.44 million a year ago. Net income was USD 73.71 million compared to USD 69.26 million a year ago. Basic earnings per share from continuing operations was USD 1.61 compared to USD 1.59 a year ago. Diluted earnings per share from continuing operations was USD 1.61 compared to USD 1.59 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. Its segments include Gathering and Processing, Wholesale Marketing and Terminalling, Storage and Transportation, and Investment in Joint Ventures. 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. Wholesale Marketing and Terminalling segment consists of refined products terminals and pipelines in Texas, Tennessee, Arkansas, and Oklahoma. 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. It also offers midstream service solutions.