Delek Logistics Partners Earnings Call Transcripts
Fiscal Year 2026
-
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 and strategic acquisitions drove strong 2024 results, with 2025 EBITDA guidance set for 20% growth. Capital allocation includes a $150 million buyback and continued investment in Permian Basin assets.
-
Reported record Q3 adjusted EBITDA of $107M, driven by asset acquisitions and strong Permian Basin performance. Distribution increased for the 47th consecutive quarter, with major growth projects and plant expansion on track for 2025 completion.
-
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.