Earnings Releases·Nov 6, 2026, 6:33 AM ET

Delek Logistics — Third Quarter 2026 Earnings Summary

Consolidated net revenues rose to $372.4 million in Q3 2026 from $261.3 million in Q3 2025, while net income increased to $47.4 million ($0.85/unit) from $45.6 million ($0.85/unit); adjusted EBITDA remained flat at $142.9 million versus $142.5 million, and leverage ratio improved to 3.85x from 4.44x.
Full-year 2026 adjusted EBITDA guidance was raised to $530 million–$560 million (previously $520 million–$560 million), with management projecting an incremental $60 million in adjusted EBITDA for 2027 from the 2026 growth capital program.
The company declared a Q3 2026 distribution of $1.140 per unit, marking the 55th consecutive quarterly increase, and completed a $230 million equity offering in August 2026 to repay revolving facility borrowings.
Strategic progress includes the completion of the Libby complex sour gas processing solution, the termination of the East Texas marketing agreement with Delek US Holdings effective January 1, 2026, and ongoing efforts to execute economic separation from sponsor Delek US Holdings.