Delek Logistics Partners reported third quarter 2026 revenue of $372.4 million, beating analyst estimates by approximately 4.8%, while earnings per unit of $0.85 fell short of expectations. The partnership raised its full-year 2026 Adjusted EBITDA guidance to a range of $530 million to $560 million, driven by strong operational performance in the Delaware Basin and gathering margins.
Key Highlights
- Completed construction of the integrated sour gas processing facility at the Libby complex, achieving first acid gas injection during the quarter.
- Raised the quarterly cash distribution for the 55th consecutive time to $1.140 per unit, representing a 1.8% year-over-year increase.
- Strengthened the balance sheet via a $230 million equity offering in August, successfully reducing the leverage ratio to 3.85x from 4.44x a year ago.
- Gathering and Processing segment Adjusted EBITDA increased to $88.4 million from $82.8 million in the prior year, primarily due to improved margins.