Delek Logistics Reports Q3 2026 Results and Raises Full Year EBITDA Guidance
Delek Logistics (DKL) reported third-quarter adjusted EBITDA of $142.9 million, a slight year-over-year increase from $142.5 million. The company raised its full-year adjusted EBITDA guidance to a range of $530 million to $560 million, citing strong operational performance and contributions from organic growth projects. Despite some fluctuations in specific segments like wholesale marketing, the integrated midstream platform remains stable. The company is actively investing in its future through a $180 million to $190 million growth capital program aimed at generating additional EBITDA run rates. Financial health was bolstered by a recent equity offering that netted $220 million, allowing the company to reduce its leverage ratio to 3.85x—its lowest level this year. Delek Logistics also maintained its streak of distribution increases, announcing a quarterly distribution of $1.14 per unit.
Tickers: $DKL
Topics: capital_allocation EBITDA equity_offering guidance_raise liquidity