Why These Energy Stocks are Gaining This Week

5. Delek Logistics Partners, LP (NYSE:DKL)

Share Price Gains Between Feb. 24 and Mar. 3: 5.85%

Delek Logistics Partners, LP (NYSE:DKL) gathers, transports, and stores crude oil, besides marketing, distributing, transporting, and storing refined products in select regions of the southeastern United States and west Texas.

Delek Logistics Partners, LP (NYSE:DKL) is working on an aggressive expansion strategy with aims of becoming an independent, full suite Permian midstream services provider. The company closed several deals last year and announced plans to invest $75 million in the Libby processing plant expansion and $160 million in growth and maintenance projects in 2025. DKL also announced a strong full year 2025 adjusted EBITDA guidance of $480 to $520 million, indicating a projected 20% growth. Moreover, a $150 million buyback from its sponsor has also been authorized.

In January, Delek Logistics Partners, LP (NYSE:DKL) declared a 1% hike in its quarterly dividend to $1.105 per share, marking its 48th consecutive quarter of dividend growth, and putting it among the 10 Best Dividend Stocks Yielding at Least 7% According to Analysts