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Q1 2025 Delek US Holdings Inc Earnings Call
Thu 08 May 25, 06:39 AMDelek Logistics Reports Record First Quarter 2025 Results
Wed 07 May 25, 11:00 AMDelek Logistics Set to Report Q1 Earnings: What's in the Cards?
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Wed 16 Apr 25, 12:05 PM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 159.43M | 164.97M | 159.48M | 97.72M | 90.72M |
| Minority interest | - | - | - | -5.04200M | -6.48600M |
| Net income | 159.05M | 164.82M | 159.26M | 96.75M | 90.18M |
| Selling general administrative | 34.18M | 22.55M | 22.59M | 20.82M | 17.17M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 249.40M | 217.15M | 206.74M | 151.28M | 148.52M |
| Reconciled depreciation | 2.78M | 49.98M | 42.94M | 33.91M | 32.00M |
| Ebit | 209.68M | 190.50M | 179.79M | 125.81M | 132.87M |
| Ebitda | 244.52M | 265.18M | 245.29M | 178.96M | 164.87M |
| Depreciation and amortization | 34.83M | 74.67M | 65.50M | 53.14M | 32.00M |
| Non operating income net other | 32.06M | 24.69M | 22.56M | 19.23M | 6.22M |
| Operating income | 209.68M | 190.50M | 179.79M | 125.81M | 125.76M |
| Other operating expenses | 826.73M | 510.40M | 383.62M | 458.18M | 530.96M |
| Interest expense | 82.30M | 50.22M | 42.87M | 47.33M | 41.26M |
| Tax provision | 0.38M | 0.15M | 0.22M | 0.97M | 0.53M |
| Interest income | 50.62M | 25.65M | 20.18M | 27.50M | 35.03M |
| Net interest income | -82.30400M | -50.22100M | -42.87400M | -47.32800M | -41.26300M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | 0.89M |
| Other items | - | - | - | - | - |
| Income tax expense | 0.38M | 0.15M | 0.22M | 0.97M | 0.53M |
| Total revenue | 1036.41M | 700.90M | 563.42M | 583.99M | 657.61M |
| Total operating expenses | 39.71M | 26.65M | 26.95M | 25.47M | 21.87M |
| Cost of revenue | 787.01M | 483.75M | 356.68M | 432.71M | 509.09M |
| Total other income expense net | -50.24800M | -25.52700M | -20.31400M | -28.09600M | 5.33M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 159.05M | 164.82M | 159.26M | 98.68M | 90.18M |
| Net income applicable to common shares | 159.05M | 164.82M | 177.98M | 131.76M | 115.72M |
| Preferred stock and other adjustments | - | - | -18.72400M | -33.08000M | -25.54300M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 1679.30M | 935.07M | 956.42M | 744.45M | 624.59M |
| Intangible assets | 364.80M | 153.86M | 160.10M | 131.00M | 154.04M |
| Earning assets | - | - | - | - | - |
| Other current assets | 2.46M | 0.95M | 0.33M | 2.20M | 0.97M |
| Total liab | 1790.00M | 1039.06M | 1064.72M | 895.57M | 759.42M |
| Total stockholder equity | -110.70000M | -103.99200M | -108.30100M | -151.11900M | -134.82300M |
| Deferred long term liab | - | - | 0.62M | 0.21M | - |
| Other current liab | 25.80M | 81.84M | 12.95M | 21.18M | 0.90M |
| Common stock | -110.70000M | -103.99200M | -108.30100M | -146.07700M | -128.33700M |
| Capital stock | - | - | - | - | - |
| Retained earnings | 485.59M | 326.54M | - | - | - |
| Other liab | 24.84M | 29.21M | 28.71M | 25.06M | 22.48M |
| Good will | 27.05M | 12.20M | 12.20M | 12.20M | 12.20M |
| Other assets | 16.41M | 25.63M | 98.83M | 23.98M | 26.35M |
| Cash | 7.97M | 4.29M | 4.24M | 5.54M | 4.52M |
| Cash and equivalents | 7.97M | 4.29M | 4.24M | 5.54M | 4.52M |
| Total current liabilities | 106.22M | 96.81M | 28.30M | 35.08M | 36.51M |
| Current deferred revenue | - | - | - | - | 16.96M |
| Net debt | 1673.73M | 915.56M | 1012.16M | 831.31M | 695.91M |
| Short term debt | 23.02M | 6.81M | 8.69M | 1.44M | 4.42M |
| Short long term debt | 15.00M | - | - | - | - |
| Short long term debt total | 1681.70M | 919.85M | 1016.40M | 836.86M | 700.43M |
| Other stockholder equity | -110.70000M | -430.53100M | -108.30100M | 15.16M | 140.18M |
| Property plant equipment | 948.79M | 470.32M | 464.81M | 295.04M | 312.56M |
| Total current assets | 65.23M | 23.03M | 29.31M | 33.57M | 32.57M |
| Long term investments | 257.02M | 250.03M | 253.68M | 246.98M | 104.77M |
| Net tangible assets | -110.70000M | -270.05200M | -108.30100M | -151.11900M | -301.06400M |
| Short term investments | - | - | 253.68M | - | - |
| Net receivables | 53.31M | 15.38M | 21.61M | 13.20M | 21.59M |
| Long term debt | 1646.57M | 898.97M | 992.29M | 833.11M | 700.43M |
| Inventory | 1.48M | 2.41M | 3.13M | 12.62M | 5.49M |
| Accounts payable | 57.40M | 8.16M | 6.66M | 12.47M | 14.23M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | - | - | - | -166.28100M | -140.18400M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 16.41M | 25.63M | 12.12M | 21.90M | 8.45M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 1614.07M | 912.04M | 927.11M | 710.88M | 592.02M |
| Capital lease obligations | 20.13M | 20.88M | 24.11M | 3.75M | - |
| Long term debt total | 1646.57M | 898.97M | 992.29M | 833.11M | 700.43M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -770.43700M | 7.38M | -9.43400M | -138.49000M | 0.99M |
| Change to liabilities | 18.56M | -1.91300M | -13.47900M | -4.83600M | -1.74700M |
| Total cashflows from investing activities | -770.43700M | -16.36000M | -123.13800M | -147.41600M | -228.03900M |
| Net borrowings | 752.80M | -90.82000M | 158.20M | 131.70M | 271.54M |
| Total cash from financing activities | 581.95M | -258.75300M | -71.18000M | 18.04M | 79.93M |
| Change to operating activities | -2.78100M | -14.16600M | -0.56100M | 3.66M | 3.02M |
| Net income | 159.05M | 164.82M | 159.26M | 96.75M | 90.18M |
| Change in cash | 3.68M | 0.05M | -1.30200M | 1.02M | -0.15300M |
| Begin period cash flow | 4.29M | 4.24M | 5.54M | 4.52M | 4.67M |
| End period cash flow | 7.97M | 4.29M | 4.24M | 5.54M | 4.52M |
| Total cash from operating activities | 192.17M | 275.16M | 193.02M | 130.40M | 147.95M |
| Issuance of capital stock | 3.10M | 0.00000M | 0.01000M | 0.00800M | 0.03M |
| Depreciation | 70.20M | 49.98M | 42.94M | 33.91M | 32.00M |
| Other cashflows from investing activities | -770.43700M | 0.28M | -100.43300M | 0.14M | -143.71700M |
| Dividends paid | -171.08700M | -161.71700M | -156.75500M | -82.01400M | 172.94M |
| Change to inventory | 2.23M | 0.06M | 11.36M | -7.70200M | 15.18M |
| Change to account receivables | -9.07100M | 0.29M | -2.47200M | 8.38M | 1.43M |
| Sale purchase of stock | 3.10M | 0.00000M | 0.01000M | 0.00800M | 5.03M |
| Other cashflows from financing activities | 2042.61M | 734.78M | 526.98M | 533.05M | 711.07M |
| Change to netincome | -6.01100M | 5.91M | 3.57M | -2.36400M | 2.42M |
| Capital expenditures | 146.69M | 24.02M | 13.28M | 9.07M | 157.15M |
| Change receivables | -67.43900M | 67.45M | -17.10000M | 9.45M | 10.46M |
| Cash flows other operating | 11.70M | -6.46700M | 3.63M | 2.17M | -3.48300M |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | 3.68M | 0.05M | -1.30200M | 1.02M | -0.15300M |
| Change in working capital | -49.42300M | 51.43M | -19.77700M | 0.57M | 21.91M |
| Stock based compensation | - | - | 2.68M | - | 0.67M |
| Other non cash items | 12.34M | 8.93M | 7.52M | -0.83300M | 3.04M |
| Free cash flow | 45.47M | 251.15M | 179.73M | 121.33M | -9.19700M |
Sector: Energy Industry: Oil & Gas Refining & Marketing
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| DKL Delek Logistics Partners LP |
1.37 2.65% | 52.99 | 12.64 | 10.33 | 1.83 | - | 3.53 | 9.70 |
| PSX Phillips 66 |
-0.5 0.31% | 162.50 | 8.10 | 9.57 | 0.39 | 1.91 | 0.50 | 5.71 |
| MPC Marathon Petroleum Corp |
-0.47 0.22% | 215.23 | 5.69 | 11.07 | 0.38 | 2.26 | 0.49 | 3.55 |
| VLO Valero Energy Corporation |
1.07 0.50% | 217.02 | 4.54 | 9.21 | 0.31 | 1.74 | 0.34 | 2.87 |
| NTOIF Neste Oyj |
- -% | 24.93 | 16.56 | 10.27 | 1.22 | 3.18 | 1.31 | 16.26 |
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 through four segments: Gathering and Processing, Wholesale Marketing and Terminalling, Storage and Transportation, and Investment in Pipeline Joint Ventures. The Pipelines and Transportation segment includes pipelines, tanks, and offloading facilities that provide crude oil and natural gas gathering and processing, water disposal and recycling, and storage services, as well as crude oil transportation services to third parties. The Wholesale Marketing and Terminalling segment includes refined products terminals and pipelines in Texas, Tennessee, Arkansas, and Oklahoma. This segment provides marketing services for the refined products and terminalling services at refined products terminals to independent third parties. The Storage and Transportation segment comprises tanks, offloading facilities, trucks, and ancillary assets, which provide crude oil, intermediate, and refined products transportation and storage services. The Investments in Pipeline Joint Ventures segment owns a portion of three joint ventures that have constructed separate crude oil pipeline systems and related ancillary assets, which serves third parties and subsidiaries primarily in the Permian Basin and Gulf Coast regions. Delek Logistics GP, LLC serves as the general partner of the company. Delek Logistics Partners, LP was incorporated in 2012 and is headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP operates as a subsidiary of Delek US Holdings, Inc.
7102 Commerce Way, Brentwood, TN, United States, 37027
| Name | Title | Year Born |
|---|---|---|
| Mr. Ezra Uzi Yemin | Exec. Chairman of Delek Logistics GP LLC | 1968 |
| Mr. Reuven Avraham Spiegel | Exec. VP, CFO & Director of Delek Logistics GP LLC | 1956 |
| Ms. Denise Clark McWatters | Exec. VP, Gen. Counsel & Sec. of Delek Logistics GP LLC | 1960 |
| Mr. Odely Sakazi | Sr. VP of Delek Logistics GP LLC | 1984 |
| Mr. Avigal Soreq | Pres, CEO & Director of Delek Logistics GP, LLC | 1978 |
| Mr. Todd O'Malley | Chief Operating Officer of Delek Logistics GP, LLC | 1974 |
| Mr. Robert Wright | Sr. VP & Chief Accounting Officer of Delek Logistics GP, LLC | 1984 |
| Keith Johnson | VP of Investor Relations of Delek Logistics GP, LLC | NA |
| Mr. Blake Michael Fernandez | Sr. VP of Investor Relations & Market Intelligence of Delek Logistics GP LLC | NA |
| Mr. Michael P. Ralsky | VP of Gov. Affairs, Public Affairs & Communications for Delek Logistics GP, LLC | NA |
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