Overview
Midstream energy firm's Q4 revenue missed analyst expectations
Adjusted EBITDA for Q4 reached a record $142.3 mln
Outlook
Delek Logistics provides 2026 EBITDA guidance of $520 - $560 mln
Company expects third-party EBITDA contribution to exceed 80% in 2026
Delek Logistics sees growth opportunities in Delaware Basin driven by sour gas solutions
Result Drivers
LIBBY 2 PLANT - Successful startup of the Libby 2 gas plant contributed to record Q4 results
ACQUISITIONS - Acquisitions of Gravity Water Midstream and strategic agreements supported economic separation from sponsor
SOUR GAS CAPABILITIES - Progress in sour gas gathering and acid gas injection capabilities supported growth
Company press release: ID:nBw5cHbpga
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $255.77 mln | $283.64 mln (4 Analysts) |
Q4 Net Income | $47.29 mln | ||
Q4 Adjusted EBITDA | $142.30 mln | ||
Q4 EBITDA | $98.20 mln | ||
Q4 Operating Income | $36.44 mln | ||
Q4 Pretax Profit | $46.98 mln |
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 is $45.00, about 13.9% below its February 26 closing price of $52.29
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
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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.)