Delek Logistics Q2 Revenue Smashes Estimates on Record Crude Volumes
DKL sits 39% above its 52-week low of $41.72.
Summary
Delek Logistics posted Q2 revenue of $384.76M, crushing the $293.64M consensus by 31%, driven by record crude oil gathered volumes at its DDG platform. Adjusted EBITDA rose 12.6% YoY to $143.5M, supported by higher margins and lease income, though net income slipped to $28.87M. The company reaffirmed its full-year 2026 EBITDA guidance of $520M-$560M, signaling confidence despite the termination of an East Texas marketing agreement that weighed on the Wholesale segment. This follows the Q2 distribution increase to $1.135 per unit announced in July. The revenue beat and volume records are a clear positive, but the net income decline and mixed segment performance warrant attention.
At the time of this announcement, 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.