Group 1: Stock Recommendations - Sumitomo Mitsui Financial Group, Inc. (SMFG) has a Zacks Rank 1 and a 19% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - Qifu Technology, Inc. (QFIN) also holds a Zacks Rank 1 with a 10.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - Delek Logistics Partners, LP (DKL) maintains a Zacks Rank 1 and has seen a 4.3% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] Group 2: Valuation Metrics - Sumitomo Mitsui Financial Group has a price-to-earnings ratio (P/E) of 12.12 compared to 22.66 for the S&P, with a Value Score of B [1] - Qifu Technology has a P/E ratio of 5.39 compared to 22.66 for the S&P, and possesses a Value Score of A [2] - Delek Logistics Partners has a P/E ratio of 11.32 compared to 22.66 for the S&P, with a Value Score of A [3]

Core Insights - The article emphasizes the importance of a proven ranking system that focuses on earnings estimates and revisions to identify winning stocks [1] - Value investing is highlighted as a popular and successful strategy across various market conditions, relying on traditional analysis of key valuation metrics [2] - The Zacks Rank and Style Scores system are tools for investors to identify high-quality value stocks, particularly those with high Zacks Ranks and "A" grades for Value [3] Company Analysis: Delek Logistics Partners (DKL) - Delek Logistics Partners currently holds a Zacks Rank of 2 (Buy) and an "A" grade for Value, indicating strong potential [4] - The stock has a P/E ratio of 9.90, significantly lower than the industry average of 12.01, suggesting it may be undervalued [4] - DKL's Forward P/E has fluctuated between 9.66 and 14.55 over the past 52 weeks, with a median of 11.73, indicating variability in market perception [4] - The company has a P/CF ratio of 7.66, which is also below the industry average of 8.63, further supporting the notion of undervaluation [5] - Over the past 12 months, DKL's P/CF has ranged from 6.84 to 9.30, with a median of 7.72, reflecting its cash flow strength [5] - Overall, the metrics suggest that Delek Logistics Partners is likely undervalued and stands out as one of the strongest value stocks in the market [6]

Core Viewpoint - Delek Logistics Partners has consistently increased its cash distributions to investors, showcasing a strong financial foundation and growth potential in the midstream sector [2][11]. Group 1: Financial Performance - The company recently achieved its 46th consecutive quarterly distribution increase, with a nearly 2% raise pushing its yield close to 11% [2]. - Delek Logistics ended the second quarter with a distribution coverage ratio of 1.32 times, indicating a healthy ability to cover its distribution payments [5][7]. - The leverage ratio improved to 3.81 at the end of the second quarter, down from 4.34 at the end of the previous year [6]. Group 2: Growth Strategy - The company has been diversifying its operations by acquiring assets to support third-party customers, with expectations that earnings from its parent will decline from 50% to 36% by the second half of next year [4]. - In 2022, Delek Logistics acquired 3Bear Energy for $624.7 million to enhance third-party revenue and growth [7]. - Recent acquisitions include the Wink to Webster Pipeline System and H2O Midstream for $230 million, aimed at expanding midstream services in the Permian Basin [8][9]. Group 3: Future Outlook - The company plans to invest in organic expansion projects, including a new natural gas processing plant in the Delaware Basin [9]. - Continued growth-focused investments are expected to generate incremental cash flow, allowing for further increases in distribution payments [10][11].

Delek Logistics Partners, L.P. (DKL) has been beaten down lately with too much selling pressure. While the stock has lost 6.8% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a moment ...

Delek Logistics Partners, L.P. (DKL) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35721 DELEK LOGISTICS PARTNERS, LP (Exact name of registrant as specified in its charter) Delaware 45-5379027 (State or other jur ...

Financial Data and Key Metrics Changes - Delek Logistics Partners reported a quarterly adjusted EBITDA of $102.4 million, an increase from $92.8 million in the same period of 2023, reflecting a strong performance [3][7] - The distributable cash flow (DCF) was $68 million, with a DCF coverage ratio of 1.32 times [7] - Leverage improved to 3.81 times at the end of Q2 2024, down from 4.84 at the end of 2022 and 4.34 at the end of 2023 [7] Business Line Data and Key Metrics Changes - Gathering and Processing segment EBITDA was $54.7 million, up from $52.6 million in Q2 2023, driven by higher throughput from Permian Basin assets [7] - Wholesale Marketing and Terminalling EBITDA increased to $30.2 million from $28 million in the prior year, primarily due to higher terminal utilization [8] - Storage and Transportation EBITDA rose to $16.8 million from $15 million in Q2 2023, mainly due to higher storage and transportation rates [8] - The investment in pipeline joint venture segment contributed $7.9 million, compared to $7.3 million in the same quarter of 2023 [8] Market Data and Key Metrics Changes - The company is positioned as a premier full-service crude water and natural gas provider in the Permian Basin, enhancing its market presence through strategic transactions [3][4] Company Strategy and Development Direction - The company announced an amendment to the contract with DK, extending terms to up to seven years, which alleviates previous uncertainties [4] - Investment in a new gas processing plant is expected to generate cash on cash returns exceeding 20%, with completion anticipated in the first half of 2025 [4] - The acquisition of H2O Midstream for $160 million in cash and $70 million in preferred equity is expected to be immediately accretive to EBITDA and free cash flow, further expanding the company's midstream capabilities [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, emphasizing prudent liquidity and leverage management [7] - The company is optimistic about future customer opportunities and operational efficiencies resulting from the H2O Midstream acquisition [12] - The new gas processing plant is already highly subscribed, indicating strong demand and future growth potential [14] Other Important Information - The Board of Directors approved an increase in the quarterly distribution to $1.09 per unit, reflecting a commitment to delivering value to unitholders [5] Q&A Session Summary Question: Insights on H2O Midstream acquisition and future customer opportunities - Management highlighted that the acquisition allows for a more comprehensive view of customer deals, operational efficiencies, and relevant infrastructure for both services, making it a highly synergistic deal [12] Question: Timing and future gas processing opportunities related to the new Delaware gas plant - Management confirmed that the new gas plant is expected to be completed in the first half of 2025 and is already seeing strong demand from producers [14] Question: Clarification on the $55 million to $85 million EBITDA range for the recent transaction - Management explained that the range is based on three main components, with the majority of the EBITDA expected to come from the base business rather than synergies [16] Question: Funding expectations for cash components of transactions - Management clarified that while units are changing hands, the net amount is minimal, and the transactions are structured to be tax efficient [18]

Investor Update August 6, 2024 Delek LOGISTICS J Disclaimers Forward Looking Statements: Delek US Holdings, Inc. ("Delek US") and Delek Logistics Partners, LP ("Delek Logistics"; and collectively with Delek US, "we" or "our") are traded on the New York Stock Exchange in the United States under the symbols "DK" and "DKL", respectively. These slides and any accompanying oral and written presentations contain forward-looking statements within the meaning of federal securities laws that are based upon current e ...

Exhibit 99.1 Delek Logistics Reports Record Second Quarter 2024 Results • Net income attributable to all partners of $41.1 million • Quarterly EBITDA of $102.4 million • Distributable cash flow of $67.8 million, DCF coverage ratio of 1.32x • Following the end of the 2nd quarter we have made following strategic moves: • Announced the acquisition of H2O Midstream for $230 million. It increases Delek Logistics' capabilities to continue to provide full suite of services to Delek Logistics' Permian customers • A ...

imaginima Partnership Overview MVC Provisions Are Attractive The partnership announced Q1 2024 earnings, highlighting very strong financials, Despite the strong agreement between Delek Logistics and its parent company Delek Holdings, I think the move away from overdependence to their parent company is a major positive. In their investor presentation, they highlight that they will "continue to focus on growing third party revenues". I believe this third party focus is smart because it opens up the partnershi ...