/PRNewswire/ Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the fourth quarter 2021. For the three.
/PRNewswire/ Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the fourth quarter 2021. For the three.
/PRNewswire/ - Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the third quarter 2021. For the three.
Operator
Good day and welcome to the Delek Logistics first-quarter 2021 earnings conference call. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Blake Fernandez. Please go ahead.
Blake Fernandez
Senior Vice President of Investor Relations and Market Intelligence
Good morning. I would like to thank everyone for joining us on this webcast to discuss Delek Logistics Partners first-quarter 2021 financial results. Joining me on today s call will be Uzi Yemin, our general partners chairman and CEO; and Reuven Spiegel, CFO; as well as other members of our management team. As a reminder, this conference call may contain forward-looking statements as that term is defined under federal securities laws.
Delek Logistics Partners, LP Reports First Quarter 2021 Results
- Reported first quarter net income attributable to all partners of $36.3 million; represents a 30% increase y/y
- EBITDA of $58.7 million represented an increase of 21% y/y
- Agreement with Baker Hughes offers scalable organic growth opportunities with minimal capital
- First quarter distributable cash flow coverage ratio of 1.3x and total leverage ratio of approximately 3.7x
- Declared first quarter distribution of $0.92 per limited partner unit; reflects 3.4 percent increase y/y
- Reiterating 5% distribution growth in 2021 versus year-ago levels
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BRENTWOOD, Tenn., May 4, 2021 /PRNewswire/ Delek Logistics Partners, LP (NYSE: DKL) ( Delek Logistics ) today announced its financial results for the first quarter 2021. For the three months ended March 31, 2021, Delek Logistics reported net income attributable to all partners of $36.3 million, or $0.83 per di