Delek Logistics Partners (DKL) to Release Earnings on Monday

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Delek Logistics Partners (NYSE:DKL) will issue its quarterly earnings data before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.62 per share for the quarter.

Delek Logistics Partners (NYSE:DKL) last announced its quarterly earnings data on Tuesday, February 19th. The oil and gas producer reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.21). The business had revenue of $159.30 million during the quarter. Delek Logistics Partners had a negative return on equity of 68.73% and a net margin of 13.71%. On average, analysts expect Delek Logistics Partners to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of DKL opened at $32.82 on Friday. The stock has a market capitalization of $807.33 million, a price-to-earnings ratio of 12.38 and a beta of 1.08. Delek Logistics Partners has a fifty-two week low of $26.50 and a fifty-two week high of $35.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 9.99%. The ex-dividend date is Monday, May 6th. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.81. Delek Logistics Partners’s dividend payout ratio is 122.26%.

DKL has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. ValuEngine downgraded shares of Delek Logistics Partners from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th.

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About Delek Logistics Partners

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment consists of assets, including pipelines and trucks, and ancillary assets that provide crude oil gathering and crude oil, intermediate and finished products transportation, and storage services primarily in support of the Tyler and El Dorado refineries, as well as offers crude oil and other products transportation services to third parties.

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Earnings History for Delek Logistics Partners (NYSE:DKL)

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