Delek Logistics Raises Third-Quarter Distribution to $1.14 per Unit
Key Facts
Delek Logistics Partners declared a third-quarter 2026 cash distribution of $1.14 per common limited partnership unit, equivalent to $4.56 per unit on an annualized basis, according to a company statement published via Business Wire. The distribution will be paid on November 10 to unitholders of record on November 3. The move represents an increase from the second-quarter distribution of $1.135 per unit, according to the results announcement for that quarter. The company said at the time that the increase was the fifty-fourth consecutive quarterly increase. The announcement gives investors the record and payment dates, while the upcoming quarterly results will provide more recent data on the partnership’s performance.
In the second quarter of 2026, adjusted earnings before interest, taxes, depreciation and amortization rose to $143.5 million from $127.4 million in the same period of 2025. The company attributed the $16.1 million increase to higher margins and increased interest income related to leases classified as sales. Adjusted distributable cash flow was also $80.5 million, compared with $72.5 million in the second quarter of 2025. These figures provide operating context for the latest distribution increase, as the company links growth in earnings and cash flows to improved margins. They relate to the second quarter, however; third-quarter results have not yet been announced.
Not all of the company’s income indicators moved in the same direction in the second quarter. Delek Logistics reported net income of $28.9 million, or $0.54 per diluted unit, compared with $44.6 million and $0.83 per unit in the second quarter of 2025. By contrast, adjusted earnings before interest, taxes, depreciation and amortization and distributable cash flow rose from their levels in the same period, according to the company’s results. Delek Logistics reaffirmed its 2026 adjusted earnings before interest, taxes, depreciation and amortization guidance in a range of $520 million to $560 million. The company linked its decision to maintain the guidance to strong operating performance year to date, in its second-quarter results statement.
On financing, the company said total debt was about $2.4 billion, compared with cash of $13.7 million, and its leverage ratio was about 4.23 times as of June 30, 2026. In August, Delek Logistics priced a public offering of 4,000,000 units at $50.00 per unit. It gave underwriters a 30-day option to purchase up to 600,000 additional units. The company said it would use the net proceeds to repay outstanding borrowings under its revolving credit facility and for general partnership purposes. These details provide background on the financing structure and use of the offering proceeds in the period before the third-quarter distribution announcement.
DKL shares closed at $56.91 on October 22, 2026, according to EL7 data. This follows an EL7 report published in April covering a first-quarter 2026 distribution of $1.13 per unit. The second-quarter distribution was $1.135 before the company announced $1.14 for the third quarter. The available closing-price record does not include details on the stock’s high or low for the October 22 session. Market context here is therefore limited to the closing price recorded that day, alongside the announced sequence of quarterly distributions.
Delek Logistics plans to issue its third-quarter results statement before the U.S. stock market opens on November 6, 2026, with the results call scheduled to begin at 11:30 a.m. Central Time, or 12:30 p.m. Eastern Time, according to the announcement published via Nasdaq. A replay of the call will be available online for 90 days. The results announcement is scheduled before the November 3 record date for unitholders, while payment is due on November 10. The upcoming results will provide the company’s latest data after second-quarter figures showed growth in adjusted earnings and distributable cash flow, alongside reaffirmation of its annual earnings guidance range.