Delek Logistics Partners LP

Q2 FY2026 EarningsQ2 FY26 results were significantly above consensus on the top-line but missed sharply on bottom-line earnings. Revenue of $384.8M beat expectations by 30.3%, driven by strong crude and gas gathering volumes in the Delaware Basin. However, Diluted EPS of $0.54 fell well short of the $0.93 consensus (-41.8%), primarily due to elevated interest expenses and a $10.7M decrease in Wholesale Marketing EBITDA following the termination of a key affiliate agreement. Management reaffirmed FY26 EBITDA guidance of $520M-$560M, suggesting a recovery in the second half of the year.