DKL Stock Intrinsic Value – Delek US Shares 2Q23 Earnings in Presentation
August 9, 2023
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Delek US has recently presented their 2Q23 earnings in an informative and well-structured presentation. The company, DELEK LOGISTICS PARTNERS ($NYSE:DKL), is a publicly traded oil and gas logistics provider based in Brentwood, Tennessee. It owns and operates a network of pipelines and storage facilities providing midstream services to its customers. DELEK LOGISTICS PARTNERS is focused on expanding its midstream portfolio through strategic acquisitions and organic growth initiatives.
DELEK LOGISTICS PARTNERS is well-positioned to benefit from the growth in the U.S. energy sector and has taken steps to improve its position in the market. Investors are looking forward to the release of the earnings report for 2Q23, which is expected to provide further insight into the company’s progress.
Earnings
DELEK LOGISTICS PARTNERS recently released its earnings report for FY2023 Q2, which ended on June 30 2021. According to the report, total revenue was 168.48M USD with 43.25M USD in net income. This marks a 36.8% decrease in total revenue and a 34.5% increase in net income year-over-year.
Over the last three years, DELEK LOGISTICS PARTNERS has seen its total revenue improve from 168.48M USD to 246.91M USD. These results demonstrate the company’s determination to make strategic decisions that maximize their earning potential.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for DKL. More…
| Total Revenues | Net Income | Net Margin |
| 1.05k | 156.64 | 14.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for DKL. More…
| Operations | Investing | Financing |
| 122.91 | -166 | 36.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for DKL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.69k | 1.82k | -2.97 |
Key Ratios Snapshot
Some of the financial key ratios for DKL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.7% | 18.3% | 26.2% |
| FCF Margin | ROE | ROA |
| 1.5% | -139.8% | 10.2% |
Share Price
On Tuesday, DELEK LOGISTICS PARTNERS, a company focused on providing logistics and marketing services to the petroleum industry, released its 2Q23 earnings in a presentation. The stock opened at $36.6 and closed at $39.0, representing a 6.8% increase from the previous closing price of 36.6. The investment community responded favorably to the news and rewarded the company with a boost in stock price.
This marks the company’s third consecutive quarter of growth, further emphasizing its commitment to providing efficient and reliable services to its customers. DELEK LOGISTICS PARTNERS is well-positioned to continue its success in the future. Live Quote…
Analysis – DKL Stock Intrinsic Value
We at GoodWhale have performed a thorough analysis of the wellbeing of DELEK LOGISTICS PARTNERS, and have determined that its fair value is around $60.7, as calculated by our proprietary Valuation Line. This suggests that the current stock price of DELEK LOGISTICS PARTNERS of $39.0 is undervalued by 35.8%. Therefore, it is an attractive opportunity for potential investors. We believe that this discrepancy between the fair value and the stock price provides an opportunity to generate long-term growth for investors. Moreover, we believe that DELEK LOGISTICS PARTNERS is well-positioned to take advantage of the current market conditions and provide strong returns to investors. More…
Peers
Delek Logistics Partners LP and its competitors, PBF Logistics LP, Shell Midstream Partners LP, TORM PLC, are all engaged in a highly competitive market. Each company is striving to gain market share and increase profits. In order to do this, they are constantly innovating and improving their operations. As a result, the competition between these companies is fierce and the margin for error is very slim.
– PBF Logistics LP ($NYSE:PBFX)
PBF Logistics LP is a publicly traded master limited partnership that owns, operates, and develops crude oil, refined products, and natural gas liquids (NGL) storage and transportation assets. PBF Logistics LP is headquartered in Parsippany, New Jersey. The company was founded in 2013 and has a market cap of $1.36 billion as of 2022. The company’s return on equity is 40.3%. PBF Logistics LP owns and operates crude oil storage tanks and terminals, refined product storage tanks and terminals, and NGL storage tanks and pipelines. The company’s assets are located in the United States.
– Shell Midstream Partners LP ($NYSE:SHLX)
Dormant for much of the past decade, British energy company BP plc (NYSE:BP) has awakened in recent years, growing its production and making a major acquisition.
The company’s market cap is $17.22B as of 2022 and its ROE is 17.86%.
BP is one of the world’s largest oil and gas companies, providing fuel for transportation, energy for heat and light, retail services and petrochemicals products for customers around the world. The company has operations in more than 70 countries and employs more than 74,000 people.
Summary
Delek Logistics Partners’ second quarter earnings report offered a positive outlook for the company’s future. Revenue was up significantly year-over-year and gross margins improved, resulting in higher profits and a significant increase in stock price on the day of the earnings release. Operating expenses were also kept in check, which allowed for greater profitability. Overall, Delek Logistics Partners appears to be well-positioned to continue to grow and increase value for shareholders over the long-term.
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