Delek Logistics reports Q2 EPS 83c vs. 87c last year

Reports Q2 revenue $246.35M, consensus $275.76M. “During the second quarter Delek Logistics (DKL) continued its strong execution by completing the construction of new Libby 2 plant and several crude & water gathering projects. Along with providing the highest yield compared to its peers in the AMZI, DKL also continues to provide a long runway of growth driven by its advantageous position in the Midland and the Delaware basins. We are proud of the 50th consecutive increase in our distribution and we expect to continue to increase our distribution in the future. Due to our strong execution we are increasingly confident in our full year Adjusted EBITDA guidance of $480mm to $520mm,” said Avigal Soreq, President of Delek Logistics’ general partner.