Midstream energy firm Delek Logistics' Q2 revenue misses estimates, net income rises

Delek Logistics Partners, LP

06/08/2025 12:21

Overview

Delek Logistics Q2 net income rises to $44.6 mln from $41.1 mln yr ago

Adjusted EBITDA for Q2 up 18% yr/yr, revenue missed analyst expectations, per LSEG data

Co completed $700 mln debt offering, boosting liquidity to over $1 bln

Outlook

Delek Logistics expects full-year Adjusted EBITDA of $480 mln to $520 mln

Company plans continued distribution increases

Delek Logistics confident in growth driven by Midland and Delaware basins

Result Drivers

LIBBY 2 PLANT - Completion of Libby 2 gas processing plant expanded capacity for producer customers in Lea County, New Mexico

ACQUISITIONS - Incremental EBITDA from Gravity and H2O Midstream acquisitions boosted Gathering and Processing segment

DISTRIBUTION GROWTH - Achieved 50th consecutive quarterly distribution increase, reinforcing growth strategy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$246.35 mln
$288 mln (3 Analysts)
Q2 Net Income
$44.57 mln
Q2 Adjusted EBITDA
$120.90 mln
Q2 EBITDA
$90.10 mln
Q2 Operating Income
$52.44 mln
Q2 Pretax Profit
$44.82 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 $45.00, about 0% above its August 5 closing price of $44.99

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw1wmDbba

(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.)