Quarterly ResultApr 29, 2026, 01:59 PM
DKL Q1 Revenue +19% to $297.5M; Net Income -17% to $32.4M; Equity Deficit
AI Summary
Delek Logistics Partners, LP reported Q1 2026 net revenues of $297.5 million, a 19.0% increase year-over-year. However, net income decreased by 17.1% to $32.4 million, resulting in diluted net income per unit of $0.60. The company's total equity shifted to a deficit of $(20.2) million as of March 31, 2026. The Partnership also entered into a new $1.3 billion DKL Revolving Facility and completed an intercompany asset sale for $25.0 million.
Key Highlights
- Q1 2026 Net Revenues increased 19.0% to $297.5 million from $249.9 million in Q1 2025.
- Q1 2026 Net Income decreased 17.1% to $32.4 million from $39.0 million in Q1 2025.
- Diluted Net Income per Unit was $0.60 in Q1 2026, down from $0.73 in Q1 2025.
- Total equity shifted to a deficit of $(20.2) million as of March 31, 2026, from $6.1 million at Dec 31, 2025.
- Net cash provided by operating activities surged to $170.4 million in Q1 2026 from $31.6 million in Q1 2025.
- Entered into a new $1.3 billion DKL Revolving Facility on March 26, 2026, replacing the prior credit facility.
- Completed El Dorado Purchase for $25.0 million cash from Delek Holdings on January 2, 2026.
- Declared Q1 2026 cash distribution of $1.130 per unit, totaling $60.5 million.
Price Impact
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