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home / news releases / delek logistics distributions seem well covered


DKL - Delek Logistics: Distributions Seem Well Covered

2024-06-07 07:21:20 ET

Summary

  • Delek Logistics provides steady distributions with a dividend yield of around 10% and reliable cash flows.
  • The partnership benefits from long-term fee-based contracts and minimum volume commitments, protecting it from market volatility.
  • Financials are improving, with strong net income, EBITDA, and distributable cash flow, and potential for future growth through new assets and acquisitions.
  • Shares are a buy with price target of $40.

Investment Thesis

For further details see:

Delek Logistics: Distributions Seem Well Covered
Stock Information

Company Name: Delek Logistics Partners L.P. representing Limited Partner Interests
Stock Symbol: DKL
Market: NYSE
Website: deleklogistics.com

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