Delek Logistics Q1 2025 Adj EBITDA $116.5M (+15% YoY), distribution raised to $1.110/unit

Delek Logistics Partners, LP

Net income $39.0M ($0.73/diluted unit); distributable cash flow $75.1M vs $68.0M YoY.
Adjusted EBITDA $116.5M, up 15% on Gravity acquisition and higher throughput; full-year guidance reaffirmed at $480-$520M.
Distribution increased 0.5% QoQ to $1.110/unit, payable May 15, 2025; 49th consecutive increase.
Closed Gravity Water Midstream acquisition Jan 2, 2025, performing above expectations; third-party EBITDA now ~80%.
Bought back $10M of DKL units under $150M authorization; leverage ratio 4.21x with $444.9M revolver capacity.

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