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Earnings analysis · 10-Q

DKL earnings analysis

Filed April 29, 2026 · Our reading of the company's report

The latest report

Delek Logistics Partners (DKL) reported disappointing Q1 2026 results, with diluted EPS of $0.60, significantly below the consensus estimate of $1.24. The partnership reported a decrease in net income by $6.7 million…

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Delek Logistics Partners (DKL) reported disappointing Q1 2026 results, with diluted EPS of $0.60, significantly below the consensus estimate of $1.24. The partnership reported a decrease in net income by $6.7 million year-over-year, attributed to rising depreciation and interest expenses. However, management reaffirmed their confidence with an EBITDA guidance of $520 million to $560 million for the year, indicating stable operational performance despite the challenges faced in the current geopolitical climate.

Read the original on SEC.gov

Reported figures

Earnings per share
$0.6
Segment
gathering and processing
Segment
wholesale marketing and terminalling
Segment
storage and transportation
Segment
investments in pipeline joint ventures

What stood out

  • EPS Missed Consensus Estimates

    The reported diluted EPS was $0.60, significantly below the consensus estimate of $1.24.

  • Decrease in Net Income

    Net income decreased by $6.7 million compared to Q1 2025 due to increased depreciation and interest expenses.

  • Strong Operating Cash Flow

    Operating cash flow was strong at $170.4 million, indicating solid performance despite weaker net income.

  • Reaffirmed EBITDA Guidance

    Management reaffirmed full-year EBITDA guidance of $520 million to $560 million.

  • Revenue Growth from New Acquisitions

    The partnership continues to diversify its revenues with growth in third-party customer contracts.

  • Cost Control Measures

    Disciplined cost control has allowed for a focus on margin enhancements and improved cash flows.

What to watch

  • Escalating Geopolitical Tensions

    Conflict involving Iran has increased market volatility and uncertainty in energy prices.

  • Declining Year-over-Year EPS

    EPS declined from $0.73 in Q1 2025 to $0.60 in Q1 2026, indicating potential operational challenges.

  • Increased Interest Expenses

    New debt issuance has resulted in higher interest expenses, impacting net income.

Management's outlook

Management reaffirmed EBITDA guidance of $520 million to $560 million for 2026.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.