Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
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| But I think that if you connect the dots that you have seen in the last year or so you can be very pleased with the improvement in leverage ratio |
| We delivered another record quarter and achieved a record year |
| Delek Logistics has shown a strong track record of delivering value to unitholders |
| We saw a substantial growth from our new connection in our mid and gathering operations further validating our strong position in the Permian Basin |
| I'm very proud of our employees, who are dedicated to making Delek Logistics succeed |
| So we are very optimistic about what we see in the business on the opportunity we have seen a nice significant CapEx plan into the business that will enhance additional opportunities |
| In Q4, we expedite some of our maintenance work that we plan to do in Q1 and decided to do it in Q4, that's actually help us to continue improving volumes |
| But we are very optimistic, and we see a consistent and constant improvement in the business |
| If you compare year-over-year, we obviously continue to improve our social performance |
| So that was a very good acquisition to get into and we are happy around it |
| Delek Logistics Partners finished 2023 strong |
| We feel confident in our ability to maintain competitive distribution to our investors |
| But as we're looking right now in Q1, there is already an improvement compared both to Q3 and also Q4 |
| It is their dedication to safe and reliable operation that makes our results possible |
| So we didn't put it on the beamboard here but we were happy to enjoy them |
| So we are focusing to have a constant improvement and we are committed to keep improving our business |
| We are also focused on growing third-party revenues, allocating capital in a disciplined manner and exploring natural gas opportunities in the Delaware Basin, where we see significant growth |
| As you probably picked up, we have a significant capital budget that will enhance additional volume and connection in the DPG, the Midland area, and we will see volume picked up along the year |
| So you see the fruits of that |
| Paul Langlois Excellent |
| Generally speaking the three Bear now DDG is meeting our expectation |
| And you can expect that after producers adding new production, you probably know that as good as anyone that the new production in the beginning goes to very high and then stabilize over time |
| DKL exceeds $100 million in adjusted EBITDA this quarter |
| Are there ways – what is your thoughts on leverage here at DKL? And are there ways that that could be improved as part of that? Anything you can kind of say on that subject? Avigal Soreq So you can probably see the trend all that we have seen with the leverage ratio was improving quarter-over-quarter |
| Great |
| Great |
| Great |
| The increase was primarily due to higher throughput from Delek Logistics Premium Basin assets |
| We had a big initiative on the parent company to reduce expenses recorded the zero-based budget with a target of $100 million |
| In January, the Board approved the 44th consecutive increase in the quarterly distribution to $1.055 per unit |
| Statement |
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| And some of the gas and the water and the Delaware volumes were down a little bit sequentially |
| As Avigal mentioned, we do see the natural decline in the business compared to the peak we've seen or compared to the volume we've seen in Q3 |
| I was curious, it looked like the Midland volumes were down a little bit sequentially |
| And then I noticed corporate expenses were down a little bit sequentially |
| So this is why you see gas slightly lower compared to -- between Q4 and Q3 of this year |
| The fourth quarter EBITDA was $86.1 million, which included a $14.8 million goodwill impairment related to some of our Delaware Gathering and processing assets |
| Forgive me if I missed that |
| The impairment was primarily driven by a significant increase in interest rates |
| And then my last question you probably won't be able to say too much on it |
| These statements involve risks and uncertainties that may cause actual results to differ from our forecast |
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