Is DK's Q1 forecast for 2025 achievable?

**Delek Logistics Partners' (DKL) Q1 2025 forecast is achievable**, based on the following points:

1. **Strong Business Fundamentals**: The company expects approximately 20% year-over-year growth in adjusted EBITDA, which is a strong indicator of robust business fundamentals. This growth is attributed to strong business fundamentals in the Permian Basin, recent significant acquisitions, additional acreage dedications in the crude business, and sour natural gas treating and acid gas injection capabilities.
2. **Capital Expenditure Plans**: Delek Logistics plans to invest between $220 million and $250 million in capital expenditures, including expansion projects. These investments are likely to contribute to the company's growth and profitability in the coming quarters.
3. **Distribution Growth**: The company anticipates achieving a coverage ratio of approximately 1.3x by year-end and expects to continue growing distributions in 2025. This suggests a strong commitment to returning value to unitholders, which is a positive sign for the achievability of the Q1 forecast.
4. **Strategic Initiatives**: Delek Logistics is focused on enhancing its 'full suite' strategy and is committed to being the preferred crude, gas, and water midstream services provider in the Permian Basin. These strategic initiatives are likely to support the company's growth and profitability in the long term.

In conclusion, while there are no specific Q1 forecasts available for DKL, the company's strong business fundamentals, capital expenditure plans, distribution growth expectations, and strategic initiatives suggest that the 20% growth in adjusted EBITDA for 2025 is achievable.