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Delek Logistics, a Tennessee-based master limited partnership formed by Delek U.S. holdings in 2012, reported a 12 cent earnings miss with revenues off from Wall Street’s estimates by $34.44 million, according to Seeking Alpha. Uzi Yemin, Chairman and CEO, pointed out that distributable cash flow increased 32% year over year. Volumes increased in the Lion Pipeline System, there was margin improvement in the West Texas wholesale business and acquisitions have been additive to earnings.
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The company intends to expand its holdings in Tyler, Texas, with improved efficiency in production and another acquisition planned. Yemin expects a $25 million to $35 million increase to EBITDA by 2015.
