Delek Logistics reports record Q4 2024 Adjusted EBITDA of $107.2M, announces $150M unit repurchase from sponsor

Delek Logistics Partners, LP

Q4 net income $35.3M, distributable cash flow as adjusted $69.5M, distribution raised to $1.105/unit (4.7% YoY increase).
FY 2025 Adjusted EBITDA guidance of $480–$520M, capex $220–$250M, coverage ratio ~1.3x by year end.
Company entered $150M common unit repurchase agreement with sponsor Delek US Holdings; buys at 30-day VWAP through Dec 2026.
Pro forma third-party EBITDA contribution ~70% after Gravity Water Midstream acquisition closed Jan 2025.
Fourth quarter Adjusted EBITDA up 6% YoY driven by Permian assets, H2O Midstream, and W2W pipeline dropdown.

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