Delek Logistics Q3 Net Income $47.4M; Raises 2026 EBITDA Guidance
Delek Logistics Partners, LP announced its financial results for the third quarter ended September 30, 2026. The company reported net income of $47.4 million, or $0.85 per unit, and adjusted EBITDA of $142.9 million. Delek Logistics raised its full-year 2026 adjusted EBITDA guidance to a range of $530 million to $560 million, driven by strong operational performance and organic growth projects. The company also completed the construction of its integrated sour gas processing facility at the Libby complex and continued its consistent distribution growth with a 55th consecutive quarterly increase to $1.140 per unit. Additionally, a recent equity offering helped strengthen the balance sheet, reducing the leverage ratio to 3.85x.
Key Highlights
- Delek Logistics reported Q3 2026 net income of $47.4 million ($0.85/unit) and adjusted EBITDA of $142.9 million.
- Raised full-year 2026 adjusted EBITDA guidance to $530-$560 million.
- Completed construction of integrated sour gas processing at Libby complex.
- Announced 55th consecutive quarterly distribution increase to $1.140/unit.
- Leverage ratio decreased to 3.85x following an equity offering.
- Gathering and Processing segment Adjusted EBITDA increased to $88.4 million.
- Wholesale Marketing and Terminalling segment Adjusted EBITDA decreased to $20.9 million.
- Storage and Transportation segment Adjusted EBITDA increased to $19.8 million.
Price Impact
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