Delek Logistics Partners (DKL)
NYSE:DKL
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.89Last Year’s EPS
0.83Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive tone: the partnership delivered its best first-quarter results to date with year-over-year adjusted EBITDA growth, meaningful liquidity enhancements, a continued quarterly distribution increase, progress on strategic initiatives (sour gas and produced water), and reaffirmed full-year guidance. Offsetting items include a ~$10 million weather-related headwind, a notable decline in Wholesale Marketing & Terminalling EBITDA, a slower-than-expected gas ramp, elevated leverage (4.05x), and permitting constraints for water disposal. On balance, the operational milestones, segment gains (especially Storage & Transportation and third-party mix expansion), and balance sheet actions outweigh the near-term challenges described.Company Guidance
Quarterly Adjusted EBITDA Growth
Adjusted EBITDA of $132 million in Q1 2026, up from $123 million in Q1 2025, an increase of approximately 7.3%, the best first-quarter results to date.
Reaffirmed Full‑Year Guidance
Management reaffirmed full-year 2026 EBITDA guidance of $520 million to $560 million, signaling confidence in execution and the outlook for the remainder of the year.
Distribution Increase and Capital Allocation Discipline
Board approved the 53rd consecutive quarterly distribution increase, raising the quarterly distribution to $1.13 per unit, underscoring steady cash return to unitholders while management emphasizes disciplined leverage and coverage targets.
Strengthened Liquidity and Balance Sheet Actions
Upsized and extended revolving credit facilities to $1.3 billion (maturing in 2031) with available liquidity of approximately $1.1 billion, providing financial flexibility for growth.
Operational Milestones in Gas and Water
Completed drilling of the first AGI (sour) well and advanced sour gas processing/gathering build‑out; produced water business performing above expectations following acquisitions (Citi and H2O Midstream), expanding the Permian footprint and combined service offering.
Segment Performance Strengths
Notable segment results: Gathering & Processing adjusted EBITDA of $83 million (up ~2.5% YoY), Storage & Transportation up to $25 million from $14 million (increase of ~78.6%), and pipeline JV contributions of $18 million (up ~5.9% YoY), reflecting diversified growth drivers.
Planned Growth CapEx with Expected EBITDA Lift
2026 growth capital plan of $180–$190 million expected to yield roughly $75 million of incremental run-rate EBITDA; Q1 capital spend totaled ~$50 million (with ~$42 million gross capex directed at AGI drilling and sour gathering).
Increasing Third‑Party Revenue Mix
On a pro forma basis, management expects roughly 80% of run-rate EBITDA in 2026 to come from third-party customers, indicating a stronger economic separation from the sponsor and diversification of cash flows.
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 |
|---|---|---|---|
Apr 29, 2026 | $49.79 | $51.95 | +4.33% |
Feb 27, 2026 | $51.19 | $50.84 | -0.69% |
Oct 28, 2025 | $42.43 | $42.89 | +1.08% |
Jul 29, 2025 | $40.31 | $40.91 | +1.47% |
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 Partners (DKL) report earnings?
Delek Logistics Partners (DKL) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Delek Logistics Partners (DKL) earnings time?
Delek Logistics Partners (DKL) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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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 (Q2) is 0.89.