Delek Logistics Q2 revenue beats on higher crude volumes

Delek Logistics Partners, LP

05/08/2026 11:48

Overview
U.S. midstream energy firm's Q2 revenue rose and beat analyst expectations
Adjusted EBITDA for Q2 increased year-over-year, driven by higher margins and lease income
Net income declined year-over-year, while company raised quarterly distribution

Outlook
Delek Logistics reaffirms 2026 EBITDA guidance of $520 mln to $560 mln
Company says diversified cash flow and disciplined leverage support 2026 outlook
Delek Logistics sees growing demand for sour gas treating and acid gas injection

Result Drivers
RECORD CRUDE VOLUMES - Co said DDG achieved record crude oil gathered volumes, reflecting strong commercial execution across the crude gathering platform
HIGHER MARGINS AND LEASE INCOME - Adjusted EBITDA increase was primarily driven by higher margins and increased interest income related to sales-type leases
MARKETING AGREEMENT TERMINATION - Wholesale Marketing and Terminalling segment EBITDA declined due to the termination of the East Texas marketing agreement and decrease in wholesale margins

Company press release: ID:nBw3MH7CWa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$384.76 mln
$293.64 mln (5 Analysts)
Q2 Net Income
 
$28.87 mln
 
Q2 Adjusted EBITDA
 
$143.50 mln
 
Q2 EBITDA
 
$120 mln
 
Q2 Operating Income
 
$61.90 mln
 
Q2 Pretax Profit
 
$28.87 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the oil & gas transportation services peer group is "buy."
Wall Street's median 12-month price target for Delek Logistics Partners, LP is $55.00, about 5.3% below its August 4 closing price of $58.08
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Aug 3 - Hess Midstream's Q2 adjusted EBITDA beats on lower operating costs
Aug 3 - Williams to buy Momentum for $5.5 billion, misses quarterly estimates
Aug 4 - USA Compression Q2 revenue beats on fleet expansion, higher pricing

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)