Delek Logistics Partners (NYSE:DKL) issued its quarterly earnings results on Tuesday. The oil and gas producer reported $0.68 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.16), MarketWatch Earnings reports. Delek Logistics Partners had a negative return on equity of 103.52% and a net margin of 13.22%. The business had revenue of $164.11 million for the quarter, compared to analyst estimates of $214.10 million.
Delek Logistics Partners stock traded up $0.25 during midday trading on Thursday, hitting $30.88. 15,130 shares of the stock were exchanged, compared to its average volume of 44,276. Delek Logistics Partners has a 52 week low of $26.50 and a 52 week high of $35.50. The firm has a market capitalization of $764.93 million, a price-to-earnings ratio of 14.78 and a beta of 1.20.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Friday, November 2nd will be given a dividend of $0.79 per share. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, November 1st. This represents a $3.16 annualized dividend and a dividend yield of 10.23%. Delek Logistics Partners’s payout ratio is currently 151.20%.
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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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