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Delek Logistics Partners LP (DKL) has an average rating of hold and mean price target of $53.17, according to analysts polled by FactSet.Price: $56.70, Change: $-0.66, Percent Change: -1.15%
Energy stocks were slightly lower late Thursday afternoon, with the NYSE Energy Sector Index fractionally lower and the State Street Energy Select Sector SPDR ETF (XLE) easing 0.1%.The Philadelphia Oil Service Sector Index was shedding 0.3%, and the Dow Jones US Utilities Index rose 0.3%.Front-month West Texas Intermediate crude oil fell 2.6% to $81.08 a barrel, and the global benchmark Brent crude contract shed 2.4% to $86.89 a barrel. Henry Hub natural gas futures declined 2.8% to $2.73 per 1 million BTU.In geopolitical news, the Strait of Hormuz is "under Iran's control and management," the recently appointed head of Iran's Basij paramilitary unit said Thursday, a day after President Donald Trump said the US had "total control" of the waterway, Reuters reported.US natural gas stocks rose by 36 billion cubic feet in the week ended Aug. 7, higher than the 31 billion cubic foot increase expected in a survey compiled by Bloomberg and following an increase of 33 billion cubic feet in the previous week.In corporate news, Exelon's (EXC) ComEd unit has restored power to more than 80% of customers affected by severe storms that swept through northern Illinois on Aug. 11 and 12, the company said Thursday. Exelon shares were up 0.7%.Delek Logistics Partners (DKL) shares fell past 11% after the company said it priced an underwritten public offering of 4 million units at $50 each for gross proceeds of $200 million.Kodiak Gas Services (KGS) has visibility into multiyear EBITDA growth amid rising demand across power and natural gas, RBC Capital Markets said in a note Wednesday. RBC kept an outperform rating on the stock and increased its price target to $88 from $84. Kodiak shares rose 1%.NextEra Energy (NEE) shares added 0.4%. The company said late Wednesday it signed an agreement with the US Department of Commerce and the Japanese government to fund the development and operation of up to 10 gigawatts of natural gas-powered generation in Texas and Pennsylvania.
Energy stocks were slightly lower Thursday afternoon, with the NYSE Energy Sector Index decreasing 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) fractionally lower.The Philadelphia Oil Service Sector Index was shedding 0.2%, and the Dow Jones US Utilities Index rose 0.3%.Front-month West Texas Intermediate crude oil fell 1.5% to $82.04 a barrel, and the global benchmark Brent crude contract shed 1.4% to $87.78 a barrel. Henry Hub natural gas futures declined 3% to $2.72 per 1 million BTU.In geopolitical news, the Strait of Hormuz is "under Iran's control and management," the recently appointed head of Iran's Basij paramilitary unit said Thursday, a day after US President Donald Trump said the US had "total control" of the waterway, Reuters reported.US natural gas stocks rose by 36 billion cubic feet in the week ended Aug. 7, higher than the 31 billion cubic foot increase expected in a survey compiled by Bloomberg and following an increase of 33 billion cubic feet in the previous week.In corporate news, Exelon's (EXC) ComEd unit has restored power to more than 80% of customers affected by severe storms that swept through northern Illinois on Aug. 11 and 12, the company said Thursday. Exelon shares were up 0.6%.Delek Logistics Partners (DKL) shares fell nearly 13% after the company said it priced an underwritten public offering of 4 million units at $50 each for gross proceeds of $200 million.Kodiak Gas Services (KGS) has visibility into multiyear EBITDA growth amid rising demand across power and natural gas, RBC Capital Markets said in a note Wednesday. RBC kept an outperform rating on the stock and increased its price target to $88 from $84. Kodiak shares rose 1.5%.Golar LNG (GLNG) shares added around 1% after it reported higher Q2 net income and operating revenue.
Energy stocks were declining premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) falling 0.5%.The United States Oil Fund (USO) was down 2.3% and the United States Natural Gas Fund (UNG) was 1.8% lower.Front-month US West Texas Intermediate crude oil was 2.5% lower at $81.19 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.2% to $87.07 per barrel, and natural gas futures were down 1% at $2.78 per 1 million British Thermal Units.Golar LNG (GLNG) shares were up over 8% after the company reported higher Q2 net income and operating revenue.Delek Logistics Partners (DKL) stock was down more than 13% after the company said it priced an underwritten public offering of 4 million units at $50 each for gross proceeds of $200 million.
Delek Logistics Partners LP (DKL) has an average rating of hold and mean price target of $55.80, according to analysts polled by FactSet.
Delek Logistics Partners LP (DKL) said Monday it launched a tender offer for its 7.125% senior notes due 2028 and plans to issue $800 million of senior notes due 2034 to fund the transaction and refinance debt.The company said it is offering to purchase any and all of the 2028 notes at $1,001.35 per $1,000 principal amount, plus accrued and unpaid interest. The offer is set to expire May 11, with settlement expected May 14, according to Delek.Delek said the tender offer depends on completing the proposed debt issuance and receiving sufficient proceeds.The company said it intends to use proceeds from the new notes to repurchase all outstanding 2028 notes in the tender offer or redeem any that remain outstanding afterward, redeem a portion of its 8.625% notes due 2029, and cover related premiums, fees, and expenses, with any remaining funds for general corporate purposes.Price: $52.58, Change: $-0.24, Percent Change: -0.46%
Delek Logistics (DKL) reported Wednesday Q1 throughput growth across key Permian Basin assets, with mixed volumes across segments compared with a year earlier.In the Delaware Basin, natural gas gathering and processing volumes averaged 63.9 million cubic feet per day in Q1, up from 59.9 MMcf/d a year earlier.Crude gathering rose to 129,451 barrels per day for the quarter ended Mar. 31, down from 122,226 b/d a year earlier.Midland Gathering System crude volumes fell to 218,203 b/d for the quarter, down from 246,090 b/d a year earlier, the company added.Delek reported Plains Connection volumes of 212,359 b/d for the quarter, up from 179,240 b/d a year earlier.Terminalling throughputs averaged 135,744 b/d, compared with 135,404 a year earlier, while West Texas marketing volumes rose to 11,771 b/d from 10,826 b/d a year earlier.Crude pipeline volumes, non-gathered, averaged 62,758 b/d in Q1, up from 61,888 b/d a year earlier, while refined products pipelines to Enterprise Systems fell to 44,658 b/d, from 56,010 b/d a year earlier.El Dorado Gathering System volumes declined to 9,220 b/d from 10,321 b/d a year earlier, while East Texas Crude Logistics System volumes rose slightly to 27,284 b/d from 26,918 b/d over the year.Delek Logistics completed drilling of its first acid gas injection well at the Libby Gas Complex during the quarter, advancing its sour gas processing and handling capabilities in the Delaware Basin.Price: $52.52, Change: $+1.66, Percent Change: +3.26%
