earnings
confidence high
sentiment neutral
materiality 0.75
Delek Logistics Q2 net income $28.9M ($0.54/unit); Adj. EBITDA $143.5M; reaffirms 2026 guidance
Delek Logistics Partners, LP
- Net income of $28.9M ($0.54/unit) vs $44.6M ($0.83/unit) in Q2 2025; Adjusted EBITDA rose to $143.5M from $127.4M.
- Declared Q2 distribution of $1.135/unit, a 1.8% YoY increase; 54th consecutive quarterly increase.
- Reaffirmed 2026 EBITDA guidance of $520M-$560M; leverage ratio 4.23x with $1.1B revolver capacity.
- Mark Hobbs transitioned to EVP of DKL; Kris Kindrick joined as SVP Commercial.
- Near completion of integrated sour gas system at Libby Complex; DDG record crude gathered volumes.