Q1 2026 Delek Logistics Partners LP Earnings Call Transcript

Apr 29, 2026 / 02:00 PM GMT

Release Date Price: $53.06 (+4.33%)

Transcript 10-Q8-K

Key Points

Positve

Delek Logistics Partners LP (DKL) reported $132 million in adjusted EBITDA for the quarter, showing strong execution despite challenges from winter storm Fern.
The company is confident in achieving its full-year EBITDA guidance of $520 million to $560 million.
DKL has successfully completed the drilling of its first AGI well, advancing its comprehensive sour gas solution in the Delaware Basin.
The Board of Directors approved the 53rd consecutive quarterly distribution increase, raising the distribution to $1.13 per unit.
DKL's combined gas, crude, and water offering in the Permian Basin has strengthened its competitive position and built a strong platform for growth.

Negative

Winter storm Fern caused approximately $10 million in headwinds, impacting crude gathering volumes in the Delaware Basin.
Wholesale Marketing and Termalling adjusted EBITDA decreased to $14 million from $18 million in the prior year, due to impacts from the 2024 Amended Extend Agreement with DELIC.
The ramp-up of the sour gas system has been slower than initially expected, although improvements are anticipated post-build-out.
The company faces challenges in securing permits for new SWDs, impacting the produced water gathering and disposal business.
There are concerns about potential impacts from Waha gas pricing and producer timing delays in the basin.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DKL.N - Delek Logistics Partners LP
Q1 2026 Delek Logistics Partners LP Earnings Call
Apr 29, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone. Thank you for joining us and welcome to the Dalek Logistics Partners first quarter 2026 earnings call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, please press star 1 again. I will now hand the conference over to Robert Wright, EVP and Chief Financial Officer. Robert, please go ahead.

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Unidentified_2 [2]
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Good morning, and welcome to the Delic Logistics Partners first-quarter earnings

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