Delek Logistics Q2 Earnings: Adjusted EBITDA Climbs to $143.5M, 2026 Guidance Reaffirmed
DKL sits 39% above its 52-week low of $41.72.
Summary
Delek Logistics Partners reported Q2 2026 adjusted EBITDA of $143.5 million, up 12.6% year-over-year, and reaffirmed its 2026 EBITDA guidance of $520–$560 million. The partnership also announced executive leadership changes and its 54th consecutive quarterly distribution increase.
Key Events · Earnings and Guidance · DKL
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Adjusted EBITDA Growth
Driven by higher margins in the Gathering and Processing segment, Q2 2026 adjusted EBITDA rose to $143.5 million from $127.4 million in Q2 2025.
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2026 Guidance Reaffirmed
Management reiterated full-year 2026 EBITDA guidance of $520 million to $560 million, supported by a more diversified cash flow profile and strategic progress.
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Executive Leadership Changes
Mark Hobbs transitioned to Executive Vice President of DKL, and Kris Kindrick joined as Senior Vice President, Commercial, strengthening commercial leadership.
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Distribution Increase
A quarterly distribution of $1.135 per unit was declared, a 1.8% increase over Q2 2025, marking the 54th consecutive quarterly increase.
Analysis · DKL · Energy & Transportation
Delek Logistics posted Q2 2026 net income of $28.9 million, a decline from $44.6 million a year ago, yet adjusted EBITDA advanced to $143.5 million from $127.4 million, fueled by stronger gathering and processing margins. Full-year 2026 EBITDA guidance was reaffirmed at $520–$560 million, underscoring management's confidence in the second half. The partnership also unveiled executive leadership changes and its 54th consecutive quarterly distribution increase, reinforcing its commitment to unitholder returns.
At the time of this filing, DKL was trading at $58.08 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $41.72 to $61.50. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.