Earnings release
Page 1
Delek US NEWS RELEASE Delek Logistics Partners , LP Reports Third Quarter 2021 Results 11/4/2021 --- BRENTWOOD , Tenn . , Nov. 4 , 2021 / PRNewswire / Delek Logistics Partners , LP ( NYSE : DKL ) ( " Delek Logistics " ) today announced its financial results for the third quarter 2021. For the three months ended September 30 , 2021 , Delek Logistics reported net income attributable to all partners of $ 43.6 million , or $ 1.00 per diluted common limited partner unit . This compares to net income attributable to all partners of $ 46.3 million , or $ 1.26 per diluted common limited partner unit , in the third quarter 2020. Net cash from operating activities was $ 74.8 million in the third quarter 2021 compared to $ 62.3 million in the third quarter 2020. Distributable cash flow was $ 55.5 million in the third quarter 2021 , compared to $ 59.1 million in the third quarter 2020 . For the third quarter 2021 , earnings before interest , taxes , depreciation and amortization ( " EBITDA " ) was $ 69.9 million compared to $ 67.8 million in the third quarter 2020 . Uzi Yemin , Chairman , President and Chief Executive Officer of Delek Logistics ' general partner , remarked : " DKL continues delivering stable performance . Strong demand for oil and oil products is driving healthy utilization rates of both refining and logistics assets thereby benefiting the DKL portfolio . " " The recent increase in the quarterly distribution to $ 0.95 / unit , keeps us on - track for a 5 % distribution increase on a full - year basis in 2021. Even with a long history of continuous distribution growth to shareholders , our leverage and coverage ratios remain healthy and broadly in - line with most midstream peers . DKL units recently traded at an all- 1