The strong results and raised guidance suggest successful integration of recent acquisitions and economic separation from sponsor DK. The continued distribution growth indicates confidence in cash flow generation. Monitor 2026 guidance execution and acid gas injection project progress.
Price Chart
Executive Summary
Delek Logistics reported record Q4 2025 results with net income of $47.3 million and adjusted EBITDA of $142.3 million, up 35% YoY. The company initiated 2026 EBITDA guidance of $520-560 million and declared its 52nd consecutive quarterly distribution increase to $1.125 per unit.
Key Financial Metrics
Key Facts
- Record Q4 2025 adjusted EBITDA of $142.3 million, up 24.5% YoY
- Net income of $47.3 million, up 34% YoY
- Initiated 2026 EBITDA guidance of $520-560 million
- 52nd consecutive quarterly distribution increase to $1.125 per unit
- Third-party EBITDA contribution expected to exceed 80% in 2026
Financial Impact
Adjusted EBITDA increased $28 million YoY to $142.3 million
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Gathering and Processing | $129.5M | +35.8% |
| Wholesale Marketing and Terminalling | $101.6M | +13.4% |
| Storage and Transportation | $24.7M | +37.4% |
Risk Factors
- Execution risk on 2026 EBITDA guidance
- Dependence on sponsor DK for a significant portion of revenue
- Exposure to Permian Basin crude oil supply and pricing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-012560 |
| Document: dkl-20260227.htm | 0001628280-26-012560 |
| Document: 0001628280-26-012560-index-headers.html | 0001628280-26-012560 |
| Document: 0001628280-26-012560-index.html | 0001628280-26-012560 |
| Document: 0001628280-26-012560.txt | 0001628280-26-012560 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 18, 2026 6w ago | Insider Cluster | $53.74 $56.26 | ▲ +4.69% | ▲ +6.44% | $54.93 (+2.21%) |
Aug 14, 2026 7w ago | 8-K | $54.01 $56.49 | ▼ −4.59% | ▼ −6.58% | $54.93 (−1.70%) |
Aug 13, 2026 7w ago | 8-K | $52.30 $56.90 | ▼ −8.80% | ▼ −10.54% | $54.93 (−5.03%) |
Aug 5, 2026 8w ago | 8-K | $57.11 $55.46 | ▲ +2.89% | ▲ +2.29% | $54.93 (+3.82%) |
May 14, 2026 20w ago | 8-K | $51.70 $49.52 | ▼ −4.22% | ▼ −6.34% | $54.93 (+6.25%) |
May 4, 2026 21w ago | 8-K | $51.16 $51.13 | ▼ −0.06% | ▼ −5.70% | $54.93 (+7.37%) |
Apr 29, 2026 22w ago | 8-K | $51.95 $50.61 | ▼ −2.58% | ▼ −8.63% | $54.93 (+5.74%) |
Feb 27, 2026 31w ago | 8-K | $50.84 $53.12 | ▲ +4.48% | ▲ +12.04% | $54.93 (+8.04%) |
US Market Status
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