Quarterly ResultApr 29, 2026, 06:37 AM
DKL Q1 Net Income $32.4M; Adj EBITDA $132.3M; Distribution $1.130/unit
AI Summary
Delek Logistics Partners reported Q1 2026 net income of $32.4 million ($0.60 per unit) and adjusted EBITDA of $132.3 million, an increase from Q1 2025. The company declared its 53rd consecutive quarterly distribution increase to $1.130 per unit and reaffirmed its 2026 EBITDA guidance of $520 million to $560 million. DKL also secured a new revolving credit facility, boosting borrowing capacity by $150 million and extending maturities to 2031.
Key Highlights
- Q1 2026 Net Income was $32.4 million, or $0.60 per unit.
- Q1 2026 Adjusted EBITDA increased to $132.3 million from $123.2 million in Q1 2025.
- Declared Q1 2026 cash distribution of $1.130 per unit, a 1.8% increase YoY.
- Reaffirmed 2026 EBITDA guidance of $520 million to $560 million.
- Signed new revolving credit facility, increasing borrowing capacity by $150 million.
- Gathering and Processing Adjusted EBITDA was $82.9 million.
- Storage and Transportation Adjusted EBITDA was $25.2 million.
- Investments in Pipeline Joint Ventures Adjusted EBITDA was $18.3 million.