Delek Logistics Partners LP Earnings Beat Expectations
Key Highlights:
- Earnings per Share (EPS): Delek Logistics Partners LP reported second quarter EPS of $0.87. This means for every share someone owns, the company made $0.87 in profit.
- Revenue: The revenue for the quarter reached $264.63 million, higher than the expected $258.35 million.
Detailed Report:
Delek Logistics Partners LP has delivered impressive financial results in the second quarter, surpassing analyst expectations. The company's EPS was $0.87, which is $0.05 higher than the anticipated $0.82. To put it simply, for each share an investor holds, Delek made $0.87 in profit. This measure is used to indicate a company's financial health relative to its shares.
The company's revenue also exceeded expectations, coming in at $264.63 million compared to the expected $258.35 million. Revenue is the total money the company brought in from all its business activities.
Stock Performance:
The stock price of Delek Logistics Partners LP closed at $39.67. This reflects a growth of 1.56% in the last 3 months and a 10.31% increase in the last 12 months. Stock price movement can be seen as an indicator of investor confidence in the company's future performance.
Financial Health:
According to InvestingPro, Delek Logistics Partners LP's Financial Health score is categorized under "good performance." This scoring system assesses a company’s ability to sustain healthy operations and manage finances effectively.
EPS Revisions:
In the last 90 days, Delek Logistics Partners LP experienced 0 positive EPS revisions (no increase in profit expectations from analysts) and 1 negative EPS revision (a decrease in profit expectation). EPS revisions are changes made by financial analysts in their earnings estimates for a company.
To summarize, Delek Logistics Partners LP not only beat the analyst estimates in terms of both EPS and revenue but also showcased solid financial health, contributing to its steady stock performance over the past year.
By breaking down financial jargon and providing plain language explanations, we hope this report offers a clear insight into Delek Logistics Partners LP's recent financial performance for all audiences.
