Delek Logistics Partners Earnings Call Transcripts
Fiscal Year 2026
-
Record Q2 adjusted EBITDA of $144 million was driven by strong segment performance and higher volumes across gas, crude, and water. Full-year guidance was reaffirmed, and the 54th consecutive distribution increase was announced, supported by robust liquidity and disciplined capital allocation.
-
Reported $132M adjusted EBITDA, reaffirmed $520M-$560M full-year guidance, and raised distribution for the 53rd consecutive quarter. Strong segment performance and capital discipline offset $10M storm headwind, with growth expected in gas, crude, and water businesses.
Fiscal Year 2025
-
Record 2025 Adjusted EBITDA of $536M was driven by strong execution and asset integration, with 2026 EBITDA guidance set at $520M-$560M. Distribution increased for the 52nd consecutive quarter, and 80% of 2026 EBITDA is expected from third-party business.
-
Reported record Q3 adjusted EBITDA of $136M, raised full-year guidance to $500–$520M, and achieved record crude gathering volumes. Recent acquisitions and Libby 2 plant commissioning drive growth, with strong financial flexibility and continued distribution increases.
-
Record adjusted EBITDA of $120M was achieved, driven by strong Permian operations and new plant commissioning. Guidance of $480M–$520M EBITDA is reaffirmed, with increased liquidity and a 50th consecutive distribution hike.
-
Record Q1 adjusted EBITDA of $117M driven by acquisitions and operational growth, with full-year guidance reaffirmed. Distribution increased for the 49th consecutive quarter, and third-party cash flow contribution rose to 80% pro forma.
Fiscal Year 2024
-
Record Q4 adjusted EBITDA of $107M was driven by asset acquisitions and strong Permian performance. 2025 EBITDA guidance targets 20% growth, with major capital projects and a $150M buyback to enhance value. Distribution increased for the 48th consecutive quarter.
-
Record Q3 adjusted EBITDA of $107 million driven by asset acquisitions and strong Permian Basin performance. Distribution increased for the 47th consecutive quarter, with continued growth and capital investment expected as new plant expansion progresses on schedule.
-
Record Q2 Adjusted EBITDA of $102.4M was driven by strong segment growth and major transactions, including a contract extension, new gas plant investment, and H2O Midstream acquisition. Leverage improved, distributions increased, and outlook remains positive with new assets enhancing Permian Basin presence.