Delek Logistics Partners (DKL) Company Report

Delek Logistics Partners LP declared a fourth-quarter 2025 cash distribution of $1.125 per common limited partner unit, an increase from the prior quarterly payout of $1.12 per unit.
The company has a market capitalization of around $2.61 billion and revenue near $967 million, with a three-year revenue growth rate of about 7.1%.
Analysts note potential risks including a high debt-to-equity ratio of about 131.41% and a declining gross margin averaging a 3.2% annual decrease.
Delek Logistics Partners has 53.48 million shares outstanding and its stock has gained approximately 22.65% over the past 52 weeks.

Jan 26, 2026, 9:16 PM

Morningstar

Delek Logistics Partners Reports Strong Q3 2025 Results, Raises Full-Year EBITDA Guidance, and Increases Distribution

DKL

Earnings

Guidance Update

Dividends

Delek Logistics Partners (DKL) reported approximately $136 million in adjusted EBITDA for Q3 2025, an increase from $107 million in the prior year period.
The company increased its full-year EBITDA midpoint guidance to the upper end of the range between $500 million and $520 million.
The Board of Directors approved a 51st consecutive increase in the quarterly distribution to $1.12 per unit.
DKL successfully completed the commissioning of the new Libby 2 plant in Q3 2025 and is advancing sour gas handling capabilities, with crude gathering operations achieving record volume for DDG.
The distributable cash flow (DCF) coverage ratio for Q3 2025 was approximately 1.24x.

Nov 7, 2025, 5:00 PM

Transcript

Delek Logistics Partners Reports Record Q3 2025 Adjusted EBITDA and Raises Full-Year Guidance

DKL

Earnings

Guidance Update

Dividends

Delek Logistics Partners reported adjusted EBITDA of approximately $136 million for Q3 2025, an increase from $107 million in the same period last year.
The company increased its full-year EBITDA midpoint guidance to the upper end of the range, now projected between $500 million and $520 million.
The Board of Directors approved a 51st consecutive increase in the quarterly distribution to $1.12 per unit.
Key operational achievements in Q3 2025 include the successful commissioning of the Libby 2 gas plant and record volume for DDG crude gathering operations.

Nov 7, 2025, 5:00 PM

Transcript

Delek Logistics Partners Announces Q3 2025 Results and Increased Full-Year Guidance

DKL

Earnings

Guidance Update

Dividends

Delek Logistics Partners reported approximately $136 million in adjusted EBITDA for Q3 2025, an increase from $107 million in the same period last year.
The company increased its full-year EBITDA midpoint guidance to the upper end of the range between $500 million and $520 million due to strong year-to-date progress.
Adjusted distributable cash flow totaled $74 million, with a DCF coverage ratio of approximately 1.24 times.
The Board of Directors approved a 51st consecutive increase in the quarterly distribution to $1.12 per unit.
Key operational achievements include the successful commissioning of the Libby 2 gas plant, record crude gathering volumes for DDG, and strong performance from the Wink to Webster joint venture.

Nov 7, 2025, 5:00 PM

Transcript

Delek Logistics Reports Record Third Quarter 2025 Results

DKL

Earnings

Guidance Update

Dividends

Delek Logistics reported net income of $45.6 million or $0.85 per diluted common limited partner unit and Adjusted EBITDA of $136.0 million for the third quarter of 2025.
The company increased its full-year Adjusted EBITDA guidance to $500 - $520 million.
Delek Logistics declared a quarterly cash distribution of $1.120 per common limited partner unit for the third quarter 2025, marking its 51st consecutive quarterly increase.
Operational highlights include record crude gathering volumes in the Delaware crude gathering system and continued progress on the comprehensive acid gas injection (AGI) & sour gas treating solution at the Libby Gas Complex.
As of September 30, 2025, total debt was approximately $2.3 billion and cash was $6.9 million, with a leverage ratio of approximately 4.44x.

Nov 7, 2025, 11:31 AM

8-K

Delek Logistics Partners Reports Q3 2025 Logistics Segment Adjusted EBITDA and Raises Full-Year Guidance

DKL

Earnings

Guidance Update

New Projects/Investments

Delek Logistics' (DKL) logistics segment reported Adjusted EBITDA of $131.5 million for the third quarter of 2025, an increase from $106.1 million in the prior-year quarter.
The company raised its full-year adjusted EBITDA guidance for DKL to a range of $500 million to $520 million, expecting to finish in the top half of its previous guidance.
The increase in logistics segment Adjusted EBITDA was driven by the W2W dropdown, incremental contributions from the H2O Midstream Acquisition (September 11, 2024), the Gravity Acquisition (January 2, 2025), and increased wholesale margins.
As of September 30, 2025, Delek Logistics had a cash balance of $6.9 million and total long-term debt of $2,288.3 million.

Nov 7, 2025, 11:30 AM

Press Release

Delek Logistics Partners Reports Record Third Quarter 2025 Results and Raises Full-Year Guidance

DKL

Earnings

Guidance Update

Dividends

Delek Logistics Partners reported record third quarter 2025 results, including net income of $45.6 million and Adjusted EBITDA of $136.0 million, a 27% increase year-over-year.
The company raised its full-year Adjusted EBITDA guidance to $500 - $520 million due to strong execution.
Delek Logistics declared its 51st consecutive quarterly distribution increase to $1.120 per common limited partner unit for the third quarter 2025.
Operational highlights include record crude gathering volumes in the Delaware crude gathering system and continued progress on the comprehensive acid gas injection and sour gas treating solution at the Libby Gas Complex.