Delek US Holdings reported second-quarter 2026 net income of $170 million, or $2.71 per share, with adjusted net income of $344 million, or $5.48 per share, and adjusted EBITDA of $639 million. The logistics segment posted its highest-ever quarterly adjusted EBITDA of $144 million, driven by Permian Basin crude, gas, and water offerings, while the Enterprise Optimization Plan contributed an estimated $60 million toward an annual run-rate target of $220 million. Delek Logistics Partners reaffirmed full-year 2026 EBITDA guidance of $520 million to $560 million, with third-party EBITDA expected to exceed 80% on a pro forma basis, advancing the Sum of the Parts deconsolidation strategy. The company returned $36 million to shareholders through dividends and buybacks, reduced its term loan from $920 million to $850 million, and provided third-quarter throughput guidance of 296,000 to 316,000 barrels per day across its refining system. Management emphasized ongoing efforts to secure Small Refinery Exemptions to mitigate elevated Renewable Volume Obligation costs and expressed confidence in a mid-cycle free cash flow profile of $650 million to $700 million.
Delek US Energy IncRecord adjusted EBITDA and net income, plus progress on optimization plan and debt reduction.
Delek Logistics Partners LPReaffirmed guidance and advanced deconsolidation strategy, boosting logistics segment performance.
