Delek Logistics Partners, LP Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 03, 2021 at 09:15 pm
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Delek Logistics Partners, LP announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 168.478 million compared to USD 117.637 million a year ago. Operating income was USD 48.394 million compared to USD 47.881 million a year ago. Net income was USD 43.246 million compared to USD 34.768 million a year ago. Basic earnings per share from continuing operations was USD 1 compared to USD 1.18 a year ago. For the half year, total revenue was USD 321.391 million compared to USD 281.038 million a year ago. Operating income was USD 90.564 million compared to USD 82.923 million a year ago. Net income was USD 79.513 million compared to USD 53.487 million a year ago. Basic earnings per share from continuing operations was USD 1.83 compared to USD 1.98 a year ago.
Delek Logistics Partners, LP owns and operates crude oil, intermediate and refined products logistics and marketing assets as well as crude oil and natural gas gathering and water processing assets. The Company operates through four segments: Gathering and Processing, Wholesale Marketing and Terminalling, Storage and Transportation, and Investment in Joint Ventures. Its Gathering and Processing segment provides crude oil and natural gas gathering and processing, water disposal and recycling and storage services to Delek Holdings' refining operations in Tyler, Texas, El Dorado, Arkansas and Big Spring, Texas. Its Wholesale Marketing and Terminalling segment consists of refined products terminals and pipelines in Texas, Tennessee, Arkansas, and Oklahoma. Its Storage and Transportation segment provides crude oil, intermediate and refined products transportation, and storage services to Delek Holdings' refining operations in Tyler, Texas, El Dorado, Arkansas and Big Spring, Texas.