Dkl EVP Reuven Spiegel buys $50,000 in common units

Reuven Spiegel, Executive Vice President and Director of Delek Logistics Partners, LP (DKL), recently acquired 1,000 common units worth $50,000 on August 13, 2026. The transaction occurred at a price of $50 per unit. This action increased his beneficial ownership in the company to 29,549 common units. The stock price of DKL was trading at $53.77 at the time of the purchase, having dropped about 8% over the previous week.

Despite this recent decline, DKL offers a compelling dividend yield of 8.44%, with a 13-year streak of consecutive dividend increases. Although the stock has shown strong year-to-date performance with a 28% return, it is currently experiencing premarket weakness. This weakness may be attributed to concerns regarding the company's leverage and ongoing capital expenditures.

Delek Logistics reported a record second-quarter adjusted EBITDA of $144 million, a 13.4% increase from the previous year, driven by increased volumes in its crude, gas, and water segments. The company maintained its full-year 2026 adjusted EBITDA guidance between $520 million and $560 million. Additionally, Delek Logistics has raised its quarterly distribution for the 54th consecutive time to $1.135 per unit.

The company's robust performance in the Permian Basin is noted, with significant increases in crude, gas, and water volumes, highlighting Delek Logistics' operational momentum and strategic focus in the energy sector.