Delek Logistics Q3 record Adj EBITDA $106.8M (+9% YoY); distribution raised to $1.10/unit

Delek Logistics Partners, LP

Net income $33.7M ($0.71 diluted unit) vs $34.8M ($0.80) in Q3 2023.
Record Adjusted EBITDA $106.8M (+9% YoY) driven by Midland Gathering, W2W dropdown, and H2O Midstream.
Closed H2O Midstream acquisition and completed Wink to Webster pipeline dropdown from Delek US; amended long-term agreements.
Raised $165.3M via October primary offering; distribution increased 0.9% QoQ to $1.10/unit, 47th consecutive increase.
Leverage 4.15x; $695.1M available under $1.15B revolver; distribution coverage 1.1x.

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