Delek Logistics Partners, LP (DKL) Form 10-Q — Aug 5, 2026
Delek Logistics Partners reported second-quarter 2026 net revenues of $384.8 million, up 56.2% year over year, driven by the Delek Permian Gathering dropdown and stronger West Texas marketing results. Net income nonetheless fell to $28.9 million, or $0.54 per unit, from $44.6 million, or $0.83 per unit, a year earlier as interest expense jumped 68% on roughly $23 million of debt-extinguishment losses. EBITDA rose to $120.0 million from $96.6 million, led by gathering and processing segment EBITDA of $93.4 million, while wholesale marketing and terminalling EBITDA dropped to $8.6 million from $18.9 million after the East Texas Marketing Agreement terminated effective January 1, 2026.
Key figures
- Eps
- 0.54
- Revenue
- $384.8 million (Q2 2026); $682.2 million (H1 2026)
- Net Income
- $28.9 million (Q2 2026); $61.2 million (H1 2026)
- Total Debt
- 2398100000
- Revenue Yoy
- +56.2% (Q2 2026 vs Q2 2025); +37.5% (H1)
- Total Assets
- 2870464000
- Cash Position
- 13705000
- Omnibus fee
- $13.0 million annual fee rising by $8.0 million effective July 1, 2026
- Ebitda q2 2025
- 96594000
- Ebitda q2 2026
- 120040000
- Revolver drawn
- 248100000
- Revolver commitments
- 1300000000
- Distribution per unit
- $1.135 per common unit declared July 22, 2026 (~$60.4 million/quarter; +1.8% YoY)
- H1 operating cash flow
- 241574000
- Delek holdings ownership
- 63.0%
- Interest expense q2 2026
- 70090000
- Debt extinguishment losses
- $23.0 million aggregate in H1 2026 ($19.0M 2029 Notes partial redemption, $2.4M 2028 Notes, $1.6M revolver)
- Interest expense yoy growth
- 68.0%
- Capex forecast full year 2026
- 255200000
- Tyler tank sale consideration
- 19000000
- H1 operating cash flow prior year
- 138973000
- Unfulfilled performance obligations
- 461050000
- El dorado terminal sale consideration
- 66000000
Price after filing
Close on the filing date to close N calendar days later (from $58.08). Historical, not a forecast.
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