Delek Logistics Q1 revenue growth beats estimates; profit hit by Winter Storm Fern

Delek US Holdings

29/04/2026 11:42

Overview

US midstream energy firm's Q1 revenue rose, beating analyst expectations

Net income declined yr/yr, mainly due to Winter Storm Fern impacts

Adjusted EBITDA increased yr/yr on higher wholesale margins and lease income

Outlook

Company reiterates 2026 EBITDA guidance of $520 mln to $560 mln

Company expects multi-year growth opportunities, especially at the Libby Complex

Result Drivers

WINTER STORM IMPACT - Co said lower net income and distributable cash flow were mainly due to Winter Storm Fern

HIGHER WHOLESALE MARGINS - Adjusted EBITDA increase was driven by higher margins in the wholesale business

INCREASED LEASE INCOME - Storage and Transportation segment benefited from higher income from sales-type leases

Company press release: ID:nBw7GQLLfa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$297.47 mln
$241.65 mln (4 Analysts)
Q1 EPS
$0.60
Q1 Net Income
$32.35 mln
Q1 Adjusted EBITDA
$132.30 mln
Q1 EBITDA
$94.90 mln
Q1 Operating Income
$40.009 mln
Q1 Pretax Profit
$32.35 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "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 $52.00, about 2.2% above its April 28 closing price of $50.86

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

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.)