Overview

* Delek Logistics ( DKL ) Q3 revenue beats analyst expectations, reflecting strong operational performance

* Adjusted EBITDA for Q3 2025 rises 27% yr/yr, driven by strong execution

* Company raises full-year Adjusted EBITDA guidance to $500-$520 mln on strong execution

Outlook

* Delek Logistics ( DKL ) raises full-year Adjusted EBITDA guidance to $500 - $520 mln

* Company progressing on sour gas gathering and acid gas injection capabilities

* Delek Logistics ( DKL ) focuses on prudent management of liquidity and leverage

Result Drivers

* RECORD CRUDE VOLUMES - Delek Logistics ( DKL ) reported record crude gathering volumes in the Delaware crude gathering system, contributing to increased Adjusted EBITDA

* ACQUISITIONS DRIVE GROWTH - Incremental EBITDA from H2O Midstream and Gravity acquisitions boosted Gathering and Processing Segment results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $261.28 $252.30

Revenue mln mln (3

Analysts

)

Q3 Net $45.56

Income mln

Q3 $136 mln

Adjusted

EBITDA

Q3 $102 mln

EBITDA

Q3 $45.37

Operatin mln

g Income

Q3 $45.90

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the oil & gas transportation services peer group is "buy"

* Wall Street's median 12-month price target for Delek Logistics Partners LP ( DKL ) is $46.00, about 0.3% above its November 6 closing price of $45.85

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)