Delek US Holdings (DK) and Delek Logistics (DKL) Announces 2022 Capital Program
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Delek US and Delek Logistics Announces 2022 Capital Program
December 15, 2021 9:15 AM ESTBRENTWOOD, Tenn., Dec. 15, 2021 /PRNewswire/ --Â Today Delek US Holdings, Inc. (NYSE: DK) and Delek Logistics Partners, LP (NYSE: DKL) announced their 2022 capital spending budget with a range of approximately $250 million to $260 million on a consolidated basis. Approximately $59 million of the growth capital resides at Delek Logistics Partners, which is expected to be self-funding. 2022 growth is largely focused on the expansion of the Delek Permian Gathering business where demand from producers is strong. We expect to achieve well above our internal 15% target rate of return threshold for... More
