Open the filing on EDGARDelek Logistics Reports First Quarter 2026 Results
- Delek Logistics reported net income of $32.4 million or $0.60 per unit, and adjusted EBITDA of $132.3 million
- Successfully completed drilling of our first acid gas injection (AGI) well, progressing our sour gas processing, treating and handling solution at the Libby Gas Complex
- Signed new revolving credit facility, increasing borrowing capacity by $150 million and extending maturities to 2031
- Strong first quarter execution allows us to reiterate 2026 EBITDA Guidance of $520 million to $560 million
- Increased economic separation from DK as we continue to increase EBITDA from third party sources
- Continued our consistent distribution growth with our 53rd consecutive quarterly increase to $1.130/unit
BRENTWOOD, Tenn., April 29, 2026 -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the first quarter 2026.
“Delek Logistics continued its strong performance into 2026, supported by solid execution across our crude, gas, and water segments” said Avigal Soreq, President of Delek Logistics’ general partner. “During the first quarter, we saw continued benefits from the ramp-up of our Delaware crude and water gathering businesses and made further progress on our sour gas gathering and acid gas injection system by completing the drilling of our first AGI well. Despite the impact of Winter Storm Fern, the business is showing strong results with rising gas G&P volumes as well as crude gathering volumes reflecting the underlying strength of our system.”
“Building on this momentum, we are reaffirming our 2026 EBITDA guidance of $520 to $560 million. Our business continues to benefit from increased third-party cash flows and the strategic steps taken over the past year, which have largely completed DKL’s economic separation from its sponsor while maintaining strong commercial alignment,” Soreq continued. “We are also proud to extend our track record of consistent returns to unitholders, supported by stable and growing cash flows.”
“Looking ahead, we are increasingly encouraged by the opportunities across our footprint, particularly at the Libby Complex, where our comprehensive acid gas injection and sour gas treating capabilities continue to gain traction. This industry-leading solution positions DKL for multi-year growth in the Delaware Basin and supports further expansion of our full-suite strategy. We remain committed to strengthening and growing Delek Logistics through prudent management of liquidity and leverage," Mr. Soreq continued.
Delek Logistics reported first quarter 2026 net income of $32.4 million or $0.60 per diluted common limited partner unit. This compares to net income of $39.0 million, or $0.73 per diluted common limited partner unit, in the first quarter 2025. Net cash provided by operating activities was $170.4 million in the first quarter 2026 compared to $31.6 million in the first quarter 2025, driven by favorable working capital movements. Distributable cash flow, as adjusted was $72.4 million in the first quarter 2026, compared to $75.1 million in the first quarter 2025. The decrease in net income and distributable cash flow from the first quarter 2025 to the first quarter 2026 was primarily attributable to the impacts of winter storm Fern.
For the first quarter 2026, earnings before interest, taxes, depreciation and amortization ("EBITDA") was $94.9 million compared to $92.2 million in the first quarter 2025. The first quarter 2026 EBITDA included $1.2 million of transaction costs and $35.4 million of sales-type lease accounting impacts. For the first quarter 2026, Adjusted EBITDA was $132.3 million compared to $123.2 million in the first quarter 2025.
Distribution and Liquidity
On April 23, 2026, Delek Logistics declared a quarterly cash distribution of $1.130 per common limited partner unit for the first quarter 2026. This distribution will be paid on May 11, 2026 to unitholders of record on May 4, 2026. This represents a 1.8% increase over Delek Logistics’ first quarter 2025 distribution of $1.110 per common limited partner unit.
As of March 31, 2026, Delek Logistics had total debt of approximately $2.3 billion and cash of $9.9 million and a leverage ratio of approximately 4.05x. Additional borrowing capacity under the $1.3 billion third party revolving credit facility increased to $1.1 billion.
Consolidated Operating Results
Adjusted EBITDA in the first quarter 2026 was $132.3 million compared to $123.2 million in the first quarter 2025. The $9.1 million increase in Adjusted EBITDA reflects higher margins in the wholesale business and increased interest income related to sales-type leases.
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Gathering and Processing Segment
Adjusted EBITDA in the first quarter 2026 was $82.9 million compared with $81.1 million in the first quarter 2025. The increase was primarily due to increased margins.
Wholesale Marketing and Terminalling Segment
Adjusted EBITDA in the first quarter 2026 was $14.3 million, compared with first quarter 2025 Adjusted EBITDA of $17.8 million. The decrease was primarily due to the termination of the East Texas marketing agreement with Delek Holdings, which was partially offset by an increase in wholesale margins.
Storage and Transportation Segment
Adjusted EBITDA in the first quarter 2026 was $25.2 million, compared with $14.5 million in the first quarter 2025.The increase was primarily due to increased income from sales-type leases.
Investments in Pipeline Joint Ventures Segment
During the first quarter 2026, Adjusted EBITDA from equity method investments was $18.3 million compared to $16.8 million in the first quarter 2025. The increase was primarily due to increase in income from W2W, partially offset by a decrease in income from our investments in our other joint ventures.
Corporate
Adjusted EBITDA in the first quarter 2026 was a loss of $8.4 million compared to a loss of $6.9 million in the first quarter 2025.
First Quarter 2026 Results | Conference Call Information
Delek Logistics will hold a conference call to discuss its first quarter 2026 results on Wednesday, April 29, 2026 at 11:30 a.m. Central Time. Investors will have the opportunity to listen to the conference call live by going to www.DelekLogistics.com. Participants are encouraged to register at least 15 minutes early to download and install any necessary software. An archived version of the replay will also be available at www.DelekLogistics.com for 90 days.
About Delek Logistics Partners, LP
Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee. Through its owned assets and joint ventures located primarily in and around the Permian Basin, the Delaware Basin and other select areas in the Gulf Coast region, Delek Logistics provides gathering, pipeline and other transportation services primarily for crude oil and natural gas customers, storage, wholesale marketing and terminalling services primarily for intermediate and refined product customers, and water disposal and recycling services. Delek US Holdings, Inc. ("Delek US") owns the general partner interest as well as a majority limited partner interest in Delek Logistics, and is also a significant customer.
Safe Harbor Provisions Regarding Forward-Looking Statements
Forward-looking statements notice
This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns or matters that are not historical facts are “forward-looking statements,” as that term is defined under the federal securities laws. These statements contain words such as “possible,” “believe,” “should,” “could,” “would,” “predict,” “plan,” “estimate,” “intend,” “may,” “anticipate,” “will,” “if,” “expect” or similar expressions, as well as statements in the future tense. Forward-looking statements include, but are not limited to, anticipated performance and financial position; statements regarding future growth at Delek Logistics; distributions and the amounts and timing thereof; potential dropdown inventory; projected benefits of the Delaware Gathering, Permian Gathering, H2O Midstream and Gravity Water Midstream acquisitions; expected earnings or returns from joint ventures or other acquisitions; expansion projects; ability to create long-term value for our unit holders; financial flexibility and borrowing capacity; and distribution growth.
Forward-looking statements notice
Investors are cautioned that the following important factors, including among others, may affect these forward-looking statements: the fact that a significant portion of Delek Logistics' revenue is derived from Delek US, thereby subjecting us to Delek US' business risks; political or regulatory developments, including tariffs, taxes and changes in governmental policies relating to crude oil, natural gas, refined products or renewables; risks and costs relating to the age and operational hazards of our assets including, without limitation, costs, penalties, regulatory or legal actions and other effects related to releases, spills and other hazards inherent in transporting and storing crude oil and intermediate and finished petroleum products; Delek Logistics' ability to realize cost reductions; the impact of adverse market conditions affecting the utilization of Delek Logistics' assets and business performance, including margins generated by its wholesale fuel business; risks and uncertainties with respect to the possible benefits of the Delaware Gathering, Permian Gathering, H2O Midstream and Gravity transactions, as well as from integration post-closing; risks related to exposure to Permian Basin crude oil, such as supply, pricing, gathering, production and transportation capacity; uncertainties regarding actions by OPEC and non-OPEC oil producing countries impacting crude oil production and pricing; an inability of Delek US to grow as expected as it relates to our potential future growth opportunities, including dropdowns, and other potential benefits; projected capital expenditures; scheduled turnaround activity; the results of our investments in joint ventures; and other risks as disclosed in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports and filings with the United States Securities and Exchange Commission.
Forward-looking statements should not be read as a guarantee of future performance or results and will not be accurate indications of the times at, or by, which such performance or results will be achieved.
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Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Delek Logistics undertakes no obligation to update or revise any such forward-looking statements to reflect events or circumstances that occur, or which Delek Logistics becomes aware of, after the date hereof, except as required by applicable law or regulation.
Non-GAAP Disclosures
Our management uses certain "non-GAAP" operational measures to evaluate our operating segment performance and non-GAAP financial measures to evaluate past performance and prospects for the future to supplement our financial information presented in accordance with United States ("U.S.") Generally Accepted Accounting Principles ("GAAP"). These financial and operational non-GAAP measures are important factors in assessing our operating results and profitability and include:
- Earnings before interest, taxes, depreciation and amortization ("EBITDA") - calculated as net income before interest, income taxes, depreciation and amortization and proportional interest, taxes, depreciation and amortization of equity method investments.
- Adjusted EBITDA - EBITDA adjusted for throughput and storage fees associated with the lease component of commercial agreements subject to sales-type lease accounting and certain identified infrequently occurring items, non-cash items, and items that are not attributable to or indicative of our on-going operations or that may obscure our underlying results and trends.
- Distributable cash flow - calculated as net cash flow from operating activities adjusted for changes in assets and liabilities, maintenance capital expenditures net of reimbursements, sales-type lease receipts, net of income recognized and other adjustments not expected to settle in cash.
- Distributable cash flow, as adjusted - calculated as distributable cash flow adjusted to exclude significant, infrequently occurring transaction costs.
Our EBITDA, Adjusted EBITDA, distributable cash flow and distributable cash flow, as adjusted, measures are non-GAAP supplemental financial measures that management and external users of our consolidated financial statements, such as industry analysts, investors, lenders and rating agencies, may use to assess:
- Delek Logistics' operating performance as compared to other publicly traded partnerships in the midstream energy industry, without regard to historical cost basis or, in the case of EBITDA and Adjusted EBITDA, financing methods;
- the ability of our assets to generate sufficient cash flow to make distributions to our unitholders on a current and on-going basis;
- Delek Logistics' ability to incur and service debt and fund capital expenditures; and
- the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.
We believe that the presentation of these non-GAAP measures provide information useful to investors in assessing our financial condition and results of operations and assists in evaluating our ongoing operating performance and liquidity for current and comparative periods. Non-GAAP measures should not be considered alternatives to net income, operating income, cash flow from operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP. Non-GAAP measures have important limitations as analytical tools, because they exclude some, but not all, items that affect net earnings, net cash provided by operating activities and operating income. These measures should not be considered substitutes for their most directly comparable U.S. GAAP financial measures. Additionally, because EBITDA, Adjusted EBITDA, distributable cash flow and distributable cash flow, as adjusted may be defined differently by other partnerships in our industry, our definitions may not be comparable to similarly titled measures of other partnerships, thereby diminishing their utility. See the accompanying tables in this earnings release for a reconciliation of these non-GAAP measures to the most directly comparable GAAP measures. However, due to the inherent difficulty and impracticability of estimating certain amounts required by U.S. GAAP with a reasonable degree of certainty at this time without unreasonable effort and imprecision, we have not provided a reconciliation of forward-looking Adjusted EBITDA guidance.
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| March 31, 2026 | December 31, 2025 |
|---|
| Delek Logistics Partners, LP |
| Consolidated Balance Sheets (Unaudited) |
| (In thousands, except unit data) |
| ASSETS | | |
| Current assets: | | |
| Cash and cash equivalents | $9,907 | $10,892 |
| Accounts receivable | 146,588 | 114,544 |
| Accounts receivable from related parties | 306,286 | 216,641 |
| Lease receivable - affiliate | 47,681 | 36,362 |
| Inventory | 20,967 | 17,913 |
| Other current assets | 4,900 | 4,416 |
| Total current assets | 536,329 | 400,768 |
| Property, plant and equipment: | | |
| Property, plant and equipment | 1,876,022 | 1,827,530 |
| Less: accumulated depreciation | (431,556) | (403,523) |
| Property, plant and equipment, net | 1,444,466 | 1,424,007 |
| Equity method investments | 333,795 | 340,070 |
| Customer relationship intangibles, net | 227,377 | 233,022 |
| Other intangibles, net | 142,833 | 137,439 |
| Goodwill | 12,203 | 12,203 |
| Operating lease right-of-use assets | 10,704 | 11,683 |
| Finance lease right-of-use assets | 28,179 | 27,802 |
| Net investment in leases - affiliate | 158,666 | 185,656 |
| Other non-current assets | 14,148 | 6,618 |
| Total assets | $2,908,700 | $2,779,268 |
| LIABILITIES AND (DEFICIT) EQUITY | | |
| Current liabilities: | | |
| Accounts payable | $508,501 | $292,908 |
| Interest payable | 26,930 | 30,557 |
| Excise and other taxes payable | 7,771 | 16,569 |
| Current portion of operating lease liabilities | 2,478 | 3,027 |
| Current portion of finance lease liabilities | 9,031 | 8,310 |
| Accrued expenses and other current liabilities | 6,256 | 5,122 |
| Total current liabilities | 560,967 | 356,493 |
| Non-current liabilities: | | |
| Long-term debt, net of current portion | 2,294,624 | 2,344,420 |
| Operating lease liabilities, net of current portion | 3,054 | 3,551 |
| Finance lease liabilities, net of current portion | 20,010 | 20,289 |
| Asset retirement obligations | 25,169 | 24,278 |
| Other non-current liabilities | 25,029 | 24,123 |
| Total non-current liabilities | 2,367,886 | 2,416,661 |
| Total liabilities | 2,928,853 | 2,773,154 |
| (Deficit) Equity: | | |
| Common unitholders - public; 19,653,345 units issued and outstanding at March 31, 2026 (19,643,923 at December 31, 2025) | 500,506 | 510,376 |
| Common unitholders - Delek Holdings; 33,868,203 units issued and outstanding at March 31, 2026 (33,868,203 at December 31, 2025) | (520,659) | (504,262) |
| Total (deficit) equity | (20,153) | 6,114 |
| Total liabilities and (deficit) equity | $2,908,700 | $2,779,268 |
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| Three Months Ended March 31, | |
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| 2026 | 2025 |
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| Delek Logistics Partners, LP | |
| Consolidated Statement of Income and Comprehensive Income (Unaudited) | |
| (In thousands, except unit and per unit data) | | |
| Net revenues: | | |
| Affiliate | $166,690 | | $126,321 | |
| Third party | 130,776 | | 123,609 | |
| Net revenues | 297,466 | | 249,930 | |
| Cost of sales: | | |
| Cost of materials and other - affiliate | 108,185 | | 89,966 | |
| Cost of materials and other - third party | 60,426 | | 39,086 | |
| Operating expenses (excluding depreciation and amortization presented below) | 46,596 | | 40,630 | |
| Depreciation and amortization | 35,353 | | 26,498 | |
| Total cost of sales | 250,560 | | 196,180 | |
| Operating expenses related to wholesale business (excluding depreciation and amortization presented below) | 449 | | 355 | |
| General and administrative expenses | 4,274 | | 8,864 | |
| Depreciation and amortization | 1,148 | | 1,218 | |
| Other operating expense (income), net | 1,026 | | (4,286) | |
| Total operating costs and expenses | 257,457 | | 202,331 | |
| Operating income | 40,009 | | 47,599 | |
| Interest income | (32,285) | | (22,547) | |
| Interest expense | 51,592 | | 41,101 | |
| Income from equity method investments | (11,623) | | (10,150) | |
| Other income, net | (27) | | (21) | |
| Total non-operating expenses, net | 7,657 | | 8,383 | |
| Income before income taxes | 32,352 | | 39,216 | |
| Income tax expense | - | | 182 | |
| Net income | 32,352 | | 39,034 | |
| Comprehensive income | $32,352 | | $39,034 | |
| Net income per unit: | | |
| Basic | $0.60 | | $0.73 | |
| Diluted | $0.60 | | $0.73 | |
| Weighted average common units outstanding: | | |
| Basic | 53,514,387 | | 53,604,659 | |
| Diluted | 53,602,510 | | 53,633,836 | |
| Delek Logistics Partners, LP | |
| Condensed Consolidated Statements of Cash Flows (In thousands) | Three Months Ended March 31, | |
| (Unaudited) | | 2026 | | 2025 |
| Cash flows from operating activities | | |
| Net cash provided by operating activities | $170,376 | | $31,550 | |
| Cash flows from investing activities | | |
| Net cash used in investing activities | (49,298) | | (234,767) | |
| Cash flows from financing activities | | |
| Net cash (used in) provided by financing activities | (122,063) | | 199,940 | |
| Net decrease in cash and cash equivalents | (985) | | (3,277) | |
| Cash and cash equivalents at the beginning of the period | 10,892 | | 5,384 | |
| Cash and cash equivalents at the end of the period | $9,907 | | $2,107 | |
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| Three Months Ended March 31, | |
|---|
| 2026 | 2025 |
|---|
| Delek Logistics Partners, LP | |
| Reconciliation of Amounts Reported Under U.S. GAAP (Unaudited) | |
| (In thousands) | |
| Reconciliation of Net Income to EBITDA: | | |
| Net income | $32,352 | | $39,034 | |
| Add: | | |
| Income tax expense | - | | 182 | |
| Depreciation and amortization | 36,501 | | 27,716 | |
| Proportional interest, taxes, depreciation and amortization from equity-method investments | 6,696 | | 6,665 | |
| Interest expense, net | 19,307 | | 18,554 | |
| EBITDA | 94,856 | | 92,151 | |
| Throughput and storage fees for sales-type leases | 35,381 | | 27,706 | |
| DPG Inventory Impact | 299 | | - | |
| Transaction costs | 1,161 | | 3,349 | |
| Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements | 587 | | - | |
| Adjusted EBITDA | $132,284 | | $123,206 | |
| Reconciliation of net cash from operating activities to distributable cash flow: | | |
| Net cash provided by operating activities | $170,376 | | $31,550 | |
| Changes in assets and liabilities | (94,232) | | 32,080 | |
| Non-cash lease expense | (1,101) | | (2,267) | |
| Net distributions from equity method investments in investing activities | 5,025 | | 2,127 | |
| Regulatory and sustaining capital expenditures not distributable | (8,347) | | (645) | |
| Reimbursement from Delek Holdings for capital expenditures | 12 | | 9 | |
| Sales-type lease receipts, net of income recognized | 3,096 | | 5,159 | |
| Other non-cash adjustments | (3,636) | | 3,692 | |
| Distributable Cash Flow | 71,193 | | 71,705 | |
| Transaction costs | 1,161 | | 3,349 | |
| Distributable Cash Flow, as adjusted | $72,354 | | $75,054 | |
Distributable cash flow adjusted to exclude transaction costs primarily associated with the H2O Midstream Acquisition and Gravity Acquisition.
| Three Months Ended March 31, | |
|---|
| 2026 | 2025 |
|---|
| Delek Logistics Partners, LP | |
| Distributable Coverage Ratio Calculation (Unaudited) | |
| (In thousands) | |
| Distributions to partners of Delek Logistics, LP | $60,080 | | $59,319 | |
| Distributable cash flow | $71,193 | | $71,705 | |
| Distributable cash flow coverage ratio | | 1.18x | | 1.21x |
| Distributable cash flow, as adjusted | $72,354 | | $75,054 | |
| Distributable cash flow coverage ratio, as adjusted | | 1.20x | | 1.27x |
Distributable cash flow coverage ratio is calculated by dividing distributable cash flow by distributions to be paid in each respective period.
Distributable cash flow coverage ratio, as adjusted is calculated by dividing distributable cash flow, as adjusted for transaction costs by distributions to be paid in each respective period.
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Delek Logistics Partners, LP
Segment Data (Unaudited)
(In thousands)
| Three Months Ended March 31, 2026 |
|---|
| Gathering and Processing | Wholesale Marketing and Terminalling | Storage and Transportation | Investments in Pipeline Joint Ventures | Corporate and Other | Consolidated |
|---|
| Net revenues: | | | | | | |
| Affiliate | $49,246 | $93,926 | $23,518 | $ - | | $ - | | $166,690 |
| Third party | 105,430 | 23,870 | 1,476 | - | | - | | 130,776 |
| Total revenue | $154,676 | $117,796 | $24,994 | $ - | | $ - | | $297,466 |
| Adjusted EBITDA | $82,928 | $14,314 | $25,162 | $18,319 | | $(8,439) | | $132,284 |
| Transaction costs | - | - | - | - | | 1,161 | | 1,161 |
| DPG Inventory Impact | 299 | - | - | | - | | - | 299 |
| Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements | 587 | - | - | - | | - | | 587 |
| Throughput and storage fees for sales-type leases | 11,422 | 4,552 | 19,407 | - | | - | | 35,381 |
| Segment EBITDA | $70,620 | $9,762 | $5,755 | $18,319 | | $(9,600) | | 94,856 |
| Depreciation and amortization | $33,241 | $768 | $1,725 | $ - | | $767 | | 36,501 |
| Proportional interest, taxes, depreciation and amortization from equity-method investments | $ - | $ - | $ - | $6,696 | | $ - | | 6,696 |
| Interest income | $(10,158) | $(4,017) | $(18,110) | $ - | | $ - | | (32,285) |
| Interest expense | $ - | $ - | $ - | $ - | | $51,592 | | 51,592 |
| Income tax expense | | | | | | - |
| Net income | | | | | | $32,352 |
| Three Months Ended March 31, 2025 |
|---|
| Gathering and Processing | Wholesale Marketing and Terminalling | Storage and Transportation | Investments in Pipeline Joint Ventures | | Corporate and Other | Consolidated |
|---|
| Net revenues: | | | | | | | |
| Affiliate | $38,567 | $64,708 | $23,046 | $ - | | $ - | $126,321 |
| Third party | 80,036 | 41,991 | 1,582 | - | | - | 123,609 |
| Total revenue | $118,603 | $106,699 | $24,628 | $ - | | $ - | $249,930 |
| Adjusted EBITDA | $81,075 | $17,750 | $14,471 | $16,815 | | $(6,905) | $123,206 |
| Transaction costs | - | - | - | - | | 3,349 | 3,349 |
| Throughput and storage fees not included in revenue | 13,136 | 4,513 | 10,057 | - | | - | 27,706 |
| Segment EBITDA | $67,939 | $13,237 | $4,414 | $16,815 | $ - | $(10,254) | 92,151 |
| Depreciation and amortization | $24,723 | $952 | $1,281 | $ - | | $760 | 27,716 |
| Proportional interest, taxes, depreciation and amortization from equity-method investments | $ - | $ - | $ - | $6,665 | | $ - | 6,665 |
| Amortization of marketing contract intangible | $ - | $ - | $ - | $ - | | $ - | - |
| Interest income | (11,365) | (4,161) | (7,021) | - | | - | (22,547) |
| Interest expense | $ - | $ - | $ - | $ - | | $41,101 | 41,101 |
| Income tax expense | | | | | | | 182 |
| Net income | | | | | | | $39,034 |
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| Three Months Ended March 31, | |
|---|
| Delek Logistics Partners, LP | |
| Segment Capital Spending | |
| (In thousands) | |
| Gathering and Processing | | 2026 | | 2025 |
| Regulatory capital spending | $888 | | $ - | |
| Sustaining capital spending | 7,187 | | 13 | |
| Growth capital spending | 41,444 | | 71,298 | |
| Segment capital spending | 49,519 | | 71,311 | |
| Wholesale Marketing and Terminalling | | |
| Regulatory capital spending | 63 | | 11 | |
| Sustaining capital spending | 14 | | 79 | |
| Growth capital spending | 34 | | - | |
| Segment capital spending | 111 | | 90 | |
| Storage and Transportation | | |
| Regulatory capital spending | - | | 221 | |
| Sustaining capital spending | 195 | | 321 | |
| Segment capital spending | 195 | | 542 | |
| Consolidated | | |
| Regulatory capital spending | 951 | | 232 | |
| Sustaining capital spending | 7,396 | | 413 | |
| Growth capital spending | 41,478 | | 71,298 | |
| Total capital spending | $49,825 | | $71,943 | |
| Three Months Ended March 31, | |
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| 2026 | 2025 |
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| Delek Logistics Partners, LP | |
| Segment Operating Data (Unaudited) | |
| Gathering and Processing Segment: | | |
| Throughputs (average bpd) | | |
| El Dorado Assets: | | |
| Crude pipelines (non-gathered) | 62,758 | | 61,888 | |
| Refined products pipelines to Enterprise Systems | 44,658 | | 56,010 | |
| El Dorado Gathering System | 9,220 | | 10,321 | |
| East Texas Crude Logistics System | 27,284 | | 26,918 | |
| Midland Gathering System | 218,203 | | 246,090 | |
| Plains Connection System | 212,359 | | 179,240 | |
| Delaware Gathering Assets: | | |
| Natural Gas Gathering and Processing (Mcfd) | 63,903 | | 59,809 | |
| Crude Oil Gathering (average bpd) | 129,451 | | 122,226 | |
| Water Disposal and Recycling (average bpd) | 111,173 | | 128,499 | |
| Midland Water Gathering System: | | |
| Water Disposal and Recycling (average bpd) | 565,411 | | 632,972 | |
| Wholesale Marketing and Terminalling Segment: | | |
| East Texas - Tyler Refinery sales volumes (average bpd) | - | | 67,876 | |
| West Texas marketing throughputs (average bpd) | 11,771 | | 10,826 | |
| West Texas gross margin per barrel | $4.42 | | $1.64 | |
| Terminalling throughputs (average bpd) | 135,744 | | 135,404 | |
Mcfd - average thousand cubic feet per day.
Consists of volumes of H2O Midstream and Gravity. 2025 Gravity volumes are from January 2, 2025, to March 31, 2025.
East Texas Marketing agreement was terminated on January 1, 2026.
Consists of terminalling throughputs at our Tyler, Big Spring, Big Sandy and Mount Pleasant, Texas terminals, our El Dorado and North Little Rock, Arkansas terminals and our Memphis and Nashville, Tennessee terminals.
Investor Relations and Media/Public Affairs Contact:
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investor.relations@delekus.com
Information about Delek Logistics Partners, LP can be found on its website (www.deleklogistics.com), investor relations webpage (https://www.deleklogistics.com/investor-relations), news webpage (https://www.deleklogistics.com/news-releases) and its X account (@DelekLogistics).
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