Delek Logistics Q2 revenue beats on higher crude volumes
DKL•What drove the quarter
The U.S. midstream energy firm said adjusted EBITDA for Q2 increased year-over-year, driven by higher margins and lease income.
- Record crude volumes - DDG achieved record crude oil gathered volumes, reflecting strong commercial execution across the crude gathering platform.
- Higher margins and lease income - Adjusted EBITDA increase was primarily driven by higher margins and increased interest income related to sales-type leases.
- Marketing agreement termination - Wholesale Marketing and Terminalling segment EBITDA declined due to the termination of the East Texas marketing agreement and a decrease in wholesale margins.
Q2 results and revenue beat
Delek Logistics Q2 revenue rose and beat analyst expectations.
- Q2 revenue: $384.76 million, versus consensus of $293.64 million from 5 analysts
- Q2 net income: $28.87 million
- Q2 adjusted EBITDA: $143.50 million
- Q2 EBITDA: $120 million
- Q2 operating income:
