Delek Logistics Partners, L.P. (NYSE:DKL) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.02 per share.
Looking ahead, the full year income are expected at $ 3.91 per share on the revenues of $ 536.82 million.
Previous Quarter Performance
Delek Logistics Partners, L.P. came out with income for the second quarter of $ 1.18 per share, from the revenue of $ 117.64 million. The quarterly earnings 71.01 percent while revenues reduced 24.27 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.82 per share from $ 164.04 million in revenue. The bottom line results beat street analysts by $ 0.36 or 43.90 percent, at the same time, top line results fell short of analysts by $ 46.4 million or 28.29 percent.
Stock Performance
Shares of Delek Logistics Partners, L.P. traded up $ 0.68 or 2.50 percent on Tuesday, reaching $ 27.84 with volume of 48.50 thousand shares. Delek Logistics Partners, L.P. has traded high as $ 28.20 and has cracked $ 27.00 on the downward trend
According to the previous trading day, closing price of $ 27.84, representing a 392.92 % increase from the 52 week low of $ 5.51 and a 22.2 % decrease over the 52 week high of $ 34.91.
The company has a market capital of $ 1.21 billion and is part of the Energy sector and Oil & Gas Midstream industry.
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.
