Delek Logistics Partners, LP (DKL) Earnings Call Transcripts

Delek Logistics Partners, LP's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Delek Logistics Partners (DKL) reported adjusted EBITDA of $132 million, an increase from $123 million year-over-year, and reaffirmed its full-year EBITDA guidance of $520 million to $560 million. The company experienced a $10 million headwind from Winter Storm Fern but maintained strong operational performance across its segments, particularly in crude and water. The announcement of the 53rd consecutive distribution increase to $1.13 per unit reflects ongoing financial strength and commitment to unitholders.

Reported metrics

Guidance from management

Management reaffirmed full-year EBITDA guidance of $520 million to $560 million, indicating confidence in achieving these targets despite macroeconomic challenges.

What management said

Thank you, Avigal. If we look at our -- at the segments, water is performing above our expectations. And the combined water and crude option is opening opportunities for continued growth. Crude is solid, and we are seeing opportunities in our Delaware business. And in addition, we enjoy some tailwinds from the Iran conflict. And finally, gas will ramp up in the second half of the year. So with that said, we feel very...

Yes. Thank you for the question. We actually made a lot of progress this quarter, as we mentioned in the prepared remarks, it has been a multistep process. One of the critical path was drilling the AGL well. which we completed successfully. And now we're focusing on completing all the associated infrastructure like the compressor stations. We do expect our gas utilization to reach capacity in the next 3 to 6 months. ...

What analysts pressed on

Analysts expressed concerns regarding the impact of macroeconomic factors on guidance and the potential for future commodity price volatility. There were also inquiries about the timing of gas ramp-up and the implications of Waha pricing on production.

Main topics on the call

• Strong Operational Performance — DKL's adjusted EBITDA of $132 million reflects a solid execution despite challenges from Winter Storm Fern. Management stated, "We achieved our best first quarter results to date," indicating confidence in operational re...
• Distribution Increase — The Board approved a distribution increase to $1.13 per unit, marking the 53rd consecutive increase. This achievement underscores the company's financial prudence and commitment to returning value to unitholders.
• Guidance Reaffirmation — Management reaffirmed full-year EBITDA guidance of $520 million to $560 million, indicating confidence in the growth trajectory despite macroeconomic challenges. They noted, "We feel very comfortable at our guidance rang...
• Impact of Winter Storm Fern — The company faced approximately $10 million in headwinds due to Winter Storm Fern, affecting crude and gas processing. However, management indicated recovery in volumes is expected in the second quarter.

Read the full Delek Logistics Partners, LP transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Delek Logistics Partners, LP earnings call transcripts on record, spanning February 26, 2020 to August 5, 2026. Based on this history, Delek Logistics Partners, LP reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

DKL

Exchange

NYSE

Country

US

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

27

First call

February 26, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly