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DK - A 10% Yield 24 Straight Hikes 10% Distribution Growth For 2019: DKL Partners LP
Delek US Holdings Inc.
Looking for growth in the high yield midstream space? You may want to take a look at Delek Logistics Partners LP (DKL), the yieldco arm of Delek US (DK). DKL has acquired dropdown assets from DK over the past several quarters, which has created strong quarterly year-over-year growth.
Q4 2018 was another strong year-over-year quarter for DKL, with EBITDA up 30.82%, DCF up 26%, and net income up 12.5%, vs. Q4 '17. This was mainly due to DKL's Big Spring acquisition in March 2018.