Looking for strong earnings in the midstream energy space? The yield is 10.17%, with 1.34X coverage in Q2 '18. Management has raised the distribution 22 straight quarters. Record earnings again in Q2 '18: Net income up 35%, EBITDA up 50%, DCF up 43%, Revenue up 31%.
Take a look at these earnings gains from Delek Logistics Partners LP (DKL). It's a classic pattern of MLP asset expansion - the parent/GP, Delek US (DK), drops down assets to its yieldco, DKL, which pumps up sales. Sequentially, DKL has reported record net income, EBITDA, and DCF in its last three quarters, with revenue also coming within a whisker of Q1 '18's record. DKL's logistics assets exist mainly to serve DK's petroleum refining assets and transportation services.
Source: Seeking Alpha
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