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Delek Logistics (DKL)
NYSE:DKL
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.08Last Year’s EPS
0.73Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong positives: record 2025 adjusted EBITDA ($536M), a record Q4 ($142M, +24.6% YoY), successful acquisitions and integration of H2O and Gravity, Libby 2 commissioning (160MM scf/day), strong segment gains (notably Storage & Transportation and Pipeline JV), solid liquidity (~$940M) and an increase in distributions. Key risks and negatives centered on a slower-than-expected sour gas ramp, dependence on completion of AGI and sour infrastructure to realize projected EBITDA gains, a flat Wholesale segment, and a guidance range that reflects sensitivity to execution timing. Overall, the highlights and financial achievements materially outweigh the operational timing risks described.Company Guidance
Record Annual Adjusted EBITDA
Delek Logistics achieved a record adjusted EBITDA of $536 million for 2025, driven by strong execution and the contributions from the acquisitions of H2O and Gravity.
Quarterly EBITDA Growth and Record Q4
Q4 adjusted EBITDA was approximately $142 million, up from $114 million in Q4 2024 (≈+24.6%) and $6 million higher than the prior quarter, marking a new quarterly record.
Strong Segment Performance
Gathering & Processing: $71M in Q4 vs $66M prior year (≈+7.6%); Storage & Transportation: $35M vs $18M prior year (≈+94.4%); Investments in Pipeline JV: $26M vs $18M prior year (≈+44.4%); Wholesale Marketing & Terminalling: $21M (flat YoY, 0%).
Libby 2 Plant Commissioned — Processing Capacity Expanded
Commissioned the Libby 2 processing plant, increasing Complex capacity to ~160 million scf/day and enabling planned sour gas handling and AGI capabilities to support long-term Delaware Basin growth.
Water Business Integration and Expanded Offering
Integration of H2O and Gravity largely completed, creating a combined crude, gas and water platform in the Permian that strengthens the competitive position and supports additional growth opportunities.
Strong Liquidity and Capital Deployment
Ended 2025 with approximately $940 million available liquidity under credit facilities. Q4 capital spending was ~$32 million (with ~$26 million in growth capital, primarily for initiating sour gas capabilities).
Unitholder Returns — Distribution Increase
Board approved a 52nd consecutive quarterly distribution increase, raising the distribution to $1.125 per unit, marking 13 consecutive years of distribution growth.
Increased Third‑Party Revenue / Economic Separation
Management expects ~80% of run‑rate EBITDA in 2026 to come from third parties; related intercompany transactions increased the partnership's third‑party EBITDA to ~82%, supporting greater independence from the sponsor.
DKL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DKL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 27, 2026 | $52.29 | $51.93 | -0.69% |
Oct 28, 2025 | $43.34 | $43.81 | +1.08% |
Jul 29, 2025 | $41.18 | $41.78 | +1.47% |
May 07, 2025 | $35.17 | $35.29 | +0.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Delek Logistics (DKL) report earnings?
Delek Logistics (DKL) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Delek Logistics (DKL) earnings time?
Delek Logistics (DKL) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DKL EPS forecast?
DKL EPS forecast for the fiscal quarter 2026 (Q1) is 1.08.