19. Delek Logistics Partners, LP (NYSE:DKL)
Number of Hedge Fund Holders: 1
Delek Logistics Partners, LP (NYSE:DKL) is included in our list of the 20 largest MLPs.
On March 26, 2026, Delek Logistics Partners, LP (NYSE:DKL) announced it had secured a new $1.3 billion revolving credit agreement. Led by Truist Bank, the new credit facility allows the company to effectively refinance its existing debt. The facility matures as late as March 2031 and includes an accordion feature to expand borrowing capacity further. Delek Logistics Partners, LP (NYSE:DKL) aims to use the proceeds from the credit facility for acquisitions, capital expenditures, and general corporate purposes. This restructured agreement improves the company’s financial flexibility through first-priority liens on assets. Also, the company strengthens its long-term capital structure and maintains its sturdy structural protections for its lending syndicate by replacing prior term loans.
In another event, on March 23, 2026, Truist initiated coverage of Delek Logistics Partners, LP (NYSE:DKL) with a Hold rating and a price target of $57. According to the analyst research note, the company distinguishes itself as a full-service midstream provider in the Permian. Additionally, the firm cited notable equity performance and believes that the stock is fairly valued.
Founded in 2012, Delek Logistics Partners, LP (NYSE:DKL) is a master limited partnership formed by Delek US Holdings. The company has headquarters in Tennessee and owns and operates a diverse portfolio of crude oil, refined products, and natural gas gathering and water management products.
18. Global Partners LP (NYSE:GLP)
Number of Hedge Fund Holders: 1
Global Partners LP (NYSE:GLP) is included in our list of the 20 largest MLPs.
On March 13, 2026, Global Partners LP (NYSE:GLP) improved its liquidity by exercising a $300 million accordion feature under its existing credit facility. This temporary expansion of working capital commitments is available for up to 364 days (after which it falls to zero) and provides short-term financial flexibility for operations as well as inventory management. In addition, Global Partners LP (NYSE:GLP) received lender approval to reallocate $200 million from its Aggregate Revolver Commitment to working capital. With these adjustments, the company optimizes its capital mix and improves its responsiveness to the changes in the energy and fuel markets. The core terms of the company’s December 2025 credit agreement remain unchanged.
In another development, on March 2, 2026, Stifel adjusted its price target for Global Partners LP (NYSE:GLP), raising it from $45 to $46. The firm’s analyst Selman Akyol maintained a Hold rating on the stock. Prior to this, in a separate event, Selman Akyol participated in the company’s fourth-quarter earnings call and raised questions over CapEx distribution and data analytics. According to management, an uptick in spending is expected as the company intends to expand the logistics, throughput, and physical capacity of recently acquired terminals, with plans to embed AI capabilities in modeling to drive both cost efficiencies and margin improvements.
Founded in 2005, Global Partners LP (NYSE:GLP) is a Fortune 500 midstream energy company and a leading wholesale distributor of petroleum products. Its headquarters is in Massachusetts. The company has over 1,700 retail fueling locations across the Northeast, Mid-Atlantic, and Texas.
