Delek Logistics (DKL) Q2 EBITDA Up 18%
Delek Logistics Partners (NYSE:DKL), a midstream energy company specializing in gathering, transporting, and processing crude oil, natural gas, and water in the Permian Basin, released its second quarter 2025 earnings on August 6, 2025. The main headline from this release was a solid GAAP earnings per share of $0.83, eclipsing consensus estimates by a penny on a GAAP basis, though GAAP revenue fell to $246.4 million, missing GAAP revenue expectations by $6.9 million. Adjusted EBITDA surged to $120.9 million, benefiting from recent acquisitions and facility expansions. The company maintained its streak of quarterly distribution increases, marking its 50th consecutive increase, but the period did reveal ongoing reliance on affiliate revenues and a high leverage ratio. Overall, the quarter showed strong operational execution on infrastructure and growth projects, but revenue softness and continued high debt levels stand out as areas for attention.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Delek Logistics Partners operates as a master limited partnership, with pipeline networks and midstream infrastructure serving oil, gas, and water producers in the Permian Basin and related regions. Its core business revolves around gathering, processing, storing, transporting, and marketing hydrocarbons and water to both affiliate and third-party customers.
Source Fool.com
