Quarterly ResultAug 5, 2026, 01:08 PM
Delek Logistics Q2 Net Income $28.9M, EPS $0.54; Debt Refinancing
AI Summary
Delek Logistics Partners, LP reported mixed results for Q2 2026, with net revenues increasing to $384.8 million but net income decreasing to $28.9 million, resulting in basic EPS of $0.54. The company completed a significant debt refinancing, including a new $1.3 billion DKL Revolving Facility and the issuance of $800 million in 2034 Notes, leading to a $23.0 million loss on debt extinguishment. Additionally, the company completed the Tyler Tank Sale for $19.0 million and expects to close the El Dorado Terminal Sale for $66.0 million in October 2027.
Key Highlights
- Q2 2026 net revenues increased to $384.8 million from $246.4 million in Q2 2025.
- Q2 2026 net income decreased to $28.9 million from $44.6 million in Q2 2025.
- Basic EPS for Q2 2026 was $0.54, down from $0.83 in Q2 2025.
- Entered into a new $1.3 billion DKL Revolving Facility on March 26, 2026.
- Issued $800.0 million of 6.875% senior notes due 2034 on May 14, 2026.
- Recognized a $23.0 million loss on extinguishment of debt in H1 2026.
- Completed Tyler Tank Sale for $19.0 million on April 1, 2026.
- Partners' (deficit) equity shifted to $(69.3) million from $6.1 million at Dec 31, 2025.
Price Impact
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