Delek Logistics Q4 revenue misses estimates, EBITDA hits record

Delek US Holdings

27/02/2026 11:38

Overview

Midstream energy firm's Q4 revenue missed analyst expectations

Adjusted EBITDA for Q4 reached a record $142.3 mln

Outlook

Delek Logistics provides 2026 EBITDA guidance of $520 - $560 mln

Company expects third-party EBITDA contribution to exceed 80% in 2026

Delek Logistics sees growth opportunities in Delaware Basin driven by sour gas solutions

Result Drivers

LIBBY 2 PLANT - Successful startup of the Libby 2 gas plant contributed to record Q4 results

ACQUISITIONS - Acquisitions of Gravity Water Midstream and strategic agreements supported economic separation from sponsor

SOUR GAS CAPABILITIES - Progress in sour gas gathering and acid gas injection capabilities supported growth

Company press release: ID:nBw5cHbpga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$255.77 mln
$283.64 mln (4 Analysts)
Q4 Net Income
$47.29 mln
Q4 Adjusted EBITDA
$142.30 mln
Q4 EBITDA
$98.20 mln
Q4 Operating Income
$36.44 mln
Q4 Pretax Profit
$46.98 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 13.9% below its February 26 closing price of $52.29

The stock recently traded at 12 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.)