Delek Logistics Partners, Lp Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 23, 2021 at 04:21 pm EST
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Delek Logistics Partners, LP announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was USD 140.112 million compared to USD 138.610 million a year ago. Operating income was USD 45.105 million compared to USD 29.715 million a year ago. Net income was USD 40.717 million compared to USD 12.804 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 0.52 a year ago. For the full year, total revenue was USD 563.418 million compared to USD 583.992 million a year ago. Operating income was USD 179.793 million compared to USD 125.812 million a year ago. Net income was USD 140.532 million compared to USD 63.669 million a year ago. Basic earnings per share from continuing operations was USD 4.18 compared to USD 2.61 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.