Delek Logistics reported net income of $28.9 million or $0.54 per unit, and adjusted EBITDA of $143.5 million
Nearing completion of the integrated sour gas processing, treating, and handling solution at the Libby Gas Complex
DDG achieved record crude oil gathered volumes, reflecting strong commercial execution across the crude gathering platform
Strong year-to-date operational performance supports reiterating 2026 EBITDA guidance of $520 million to $560 million.
Successfully refinanced portions of our capital structure, extending debt maturities while reducing interest expense
Continued our consistent distribution growth with our 54th consecutive quarterly increase to $1.135/unit

Delek Logistics Partners, LP (NYSE:DKL) ("Delek Logistics") today announced its financial results for the second quarter 2026.

"Delek Logistics delivered another strong quarter in 2026, underscoring the durability of our integrated crude, gas, and water platform and the growing contribution from third-party cash flows. As we continue positioning Delek Logistics for long-term success, we are pleased to announce that Mark Hobbs has transitioned into the role of Executive Vice President of DKL, and that Kris Kindrick has joined Delek Logistics Partners as Senior Vice President, Commercial. These changes reflect our ongoing investment in commercial leadership and the expertise needed to support our growth strategy," said Avigal Soreq, President of Delek Logistics’ general partner.

"With the near completion of the integrated sour gas system at the Libby Complex and growing demand for our sour gas treating and acid gas injection capabilities, DKL is increasingly positioned as a differentiated Delaware Basin midstream platform with a clear path to long-term value creation."

"We are reaffirming our 2026 EBITDA guidance of $520 to $560 million, supported by a more diversified cash flow profile, disciplined management of liquidity and leverage, and the strategic progress made to enhance DKL’s standalone financial profile. As we enter the second half of the year, we remain focused on executing against our growth opportunities, optimizing our asset base, and continuing to deliver attractive returns to unitholders," Mr. Soreq continued.

Delek Logistics reported second quarter 2026 net income of $28.9 million or $0.54 per diluted common limited partner unit. This compares to net income of $44.6 million, or $0.83 per diluted common limited partner unit, in the second quarter 2025. Net cash provided by operating activities was $71.2 million in the second quarter 2026 compared to $107.4 million in the second quarter 2025. Distributable cash flow, as adjusted was $80.5 million in the second quarter 2026, compared to $72.5 million in the second quarter 2025.

For the second quarter 2026, earnings before interest, taxes, depreciation and amortization ("EBITDA") was $120.0 million compared to $96.6 million in the second quarter 2025. The increase was primarily driven by performance from the DPG business which was associated with the prior year dropdown from Delek. The second quarter 2026 EBITDA included $0.1 million of transaction costs and $24.0 million of sales-type lease accounting impacts. For the second quarter 2026, Adjusted EBITDA was $143.5 million compared to $127.4 million in the second quarter 2025.

Distribution and Liquidity

On July 22, 2026, Delek Logistics declared a quarterly cash distribution of $1.135 per common limited partner unit for the second quarter 2026. This distribution will be paid on August 10, 2026 to unitholders of record on August 3, 2026. This represents a 1.8% increase over Delek Logistics’ second quarter 2025 distribution of $1.115 per common limited partner unit.

As of June 30, 2026, Delek Logistics had total debt of approximately $2.4 billion and cash of $13.7 million and a leverage ratio of approximately 4.23x. Additional borrowing capacity under the $1.3 billion third party revolving credit facility increased to $1.1 billion.

Consolidated Operating Results

Adjusted EBITDA in the second quarter 2026 was $143.5 million compared to $127.4 million in the second quarter 2025. The $16.1 million increase in Adjusted EBITDA reflects higher margins and increased interest income related to sales-type leases.

Gathering and Processing Segment

Adjusted EBITDA in the second quarter 2026 was $104.1 million compared with $78.0 million in the second quarter 2025. The increase was primarily due to increased margins.

Wholesale Marketing and Terminalling Segment

Adjusted EBITDA in the second quarter 2026 was $12.6 million, compared with second quarter 2025 Adjusted EBITDA of $23.3 million. The decrease was primarily due to the termination of the East Texas marketing agreement with Delek Holdings and a decrease in wholesale margins.

Storage and Transportation Segment

Adjusted EBITDA in the second quarter 2026 was $16.3 million, compared with $16.9 million in the second quarter 2025. The decrease was primarily due to decreased income from sales-type leases.

Investments in Pipeline Joint Ventures Segment

During the second quarter 2026, Adjusted EBITDA from equity method investments was $20.7 million compared to $17.0 million in the second quarter 2025. The increase was primarily due to increase in income from W2W, partially offset by a decrease in income from our investments in our other joint ventures.

Corporate

Adjusted EBITDA in the second quarter 2026 was a loss of $10.1 million compared to a loss of $7.9 million in the second quarter 2025.

Second Quarter 2026 Results | Conference Call Information

Delek Logistics will hold a conference call to discuss its second quarter 2026 results on Wednesday, August 5, 2026 at 11:30 a.m. Central Time. Investors will have the opportunity to listen to the conference call live by going to www.DelekLogistics.com. Participants are encouraged to register at least 15 minutes early to download and install any necessary software. An archived version of the replay will also be available at www.DelekLogistics.com for 90 days.

About Delek Logistics Partners, LP

Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee. Through its owned assets and joint ventures located primarily in and around the Permian Basin, the Delaware Basin and other select areas in the Gulf Coast region, Delek Logistics provides gathering, pipeline and other transportation services primarily for crude oil and natural gas customers, storage, wholesale marketing and terminalling services primarily for intermediate and refined product customers, and water disposal and recycling services. Delek US Holdings, Inc. ("Delek US") owns the general partner interest as well as a majority limited partner interest in Delek Logistics, and is also a significant customer.

Safe Harbor Provisions Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns or matters that are not historical facts are "forward-looking statements," as that term is defined under the federal securities laws. These statements contain words such as "possible," "believe," "should," "could," "would," "predict," "plan," "estimate," "intend," "may," "anticipate," "will," "if," "expect" or similar expressions, as well as statements in the future tense. Forward-looking statements include, but are not limited to, anticipated performance and financial position; statements regarding future growth at Delek Logistics; distributions and the amounts and timing thereof; potential dropdown inventory; projected benefits of the Delaware Gathering, Permian Gathering, H2O Midstream and Gravity Water Midstream acquisitions; expected earnings or returns from joint ventures or other acquisitions; expansion projects; ability to create long-term value for our unit holders; financial flexibility and borrowing capacity; and distribution growth.

Investors are cautioned that the following important factors, including among others, may affect these forward-looking statements: the fact that a significant portion of Delek Logistics' revenue is derived from Delek US, thereby subjecting us to Delek US' business risks; political or regulatory developments, including tariffs, taxes and changes in governmental policies relating to crude oil, natural gas, refined products or renewables; risks and costs relating to the age and operational hazards of our assets including, without limitation, costs, penalties, regulatory or legal actions and other effects related to releases, spills and other hazards inherent in transporting and storing crude oil and intermediate and finished petroleum products; Delek Logistics' ability to realize cost reductions; the impact of adverse market conditions affecting the utilization of Delek Logistics' assets and business performance, including margins generated by its wholesale fuel business; risks and uncertainties with respect to the possible benefits of the Delaware Gathering, Permian Gathering, H2O Midstream and Gravity transactions, as well as from integration post-closing; risks related to exposure to Permian Basin crude oil, such as supply, pricing, gathering, production and transportation capacity; uncertainties regarding actions by OPEC and non-OPEC oil producing countries impacting crude oil production and pricing; an inability of Delek US to grow as expected as it relates to our potential future growth opportunities, including dropdowns, and other potential benefits; projected capital expenditures; scheduled turnaround activity; the results of our investments in joint ventures; and other risks as disclosed in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports and filings with the United States Securities and Exchange Commission.

Forward-looking statements should not be read as a guarantee of future performance or results and will not be accurate indications of the times at, or by, which such performance or results will be achieved.

Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Delek Logistics undertakes no obligation to update or revise any such forward-looking statements to reflect events or circumstances that occur, or which Delek Logistics becomes aware of, after the date hereof, except as required by applicable law or regulation.

Non-GAAP Disclosures

Our management uses certain "non-GAAP" operational measures to evaluate our operating segment performance and non-GAAP financial measures to evaluate past performance and prospects for the future to supplement our financial information presented in accordance with United States ("U.S.") Generally Accepted Accounting Principles ("GAAP"). These financial and operational non-GAAP measures are important factors in assessing our operating results and profitability and include:

Earnings before interest, taxes, depreciation and amortization ("EBITDA") - calculated as net income before interest, income taxes, depreciation and amortization and proportional interest, taxes, depreciation and amortization of equity method investments.
Adjusted EBITDA - EBITDA adjusted for throughput and storage fees associated with the lease component of commercial agreements subject to sales-type lease accounting and certain identified infrequently occurring items, non-cash items, and items that are not attributable to or indicative of our on-going operations or that may obscure our underlying results and trends.
Distributable cash flow - calculated as net cash flow from operating activities adjusted for changes in assets and liabilities, maintenance capital expenditures net of reimbursements, sales-type lease receipts, net of income recognized and other adjustments.
Distributable cash flow, as adjusted - calculated as distributable cash flow adjusted to exclude significant, infrequently occurring transaction costs.

Our EBITDA, Adjusted EBITDA, distributable cash flow and distributable cash flow, as adjusted, measures are non-GAAP supplemental financial measures that management and external users of our consolidated financial statements, such as industry analysts, investors, lenders and rating agencies, may use to assess:

Delek Logistics' operating performance as compared to other publicly traded partnerships in the midstream energy industry, without regard to historical cost basis or, in the case of EBITDA and Adjusted EBITDA, financing methods;
the ability of our assets to generate sufficient cash flow to make distributions to our unitholders on a current and on-going basis;
Delek Logistics' ability to incur and service debt and fund capital expenditures; and
the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.

We believe that the presentation of these non-GAAP measures provide information useful to investors in assessing our financial condition and results of operations and assists in evaluating our ongoing operating performance and liquidity for current and comparative periods. Non-GAAP measures should not be considered alternatives to net income, operating income, cash flow from operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP. Non-GAAP measures have important limitations as analytical tools, because they exclude some, but not all, items that affect net earnings, net cash provided by operating activities and operating income. These measures should not be considered substitutes for their most directly comparable U.S. GAAP financial measures. Additionally, because EBITDA, Adjusted EBITDA, distributable cash flow and distributable cash flow, as adjusted may be defined differently by other partnerships in our industry, our definitions may not be comparable to similarly titled measures of other partnerships, thereby diminishing their utility. See the accompanying tables in this earnings release for a reconciliation of these non-GAAP measures to the most directly comparable GAAP measures. However, due to the inherent difficulty and impracticability of estimating certain amounts required by U.S. GAAP with a reasonable degree of certainty at this time without unreasonable effort and imprecision, we have not provided a reconciliation of forward-looking Adjusted EBITDA guidance.

Delek Logistics Partners, LP
Consolidated Balance Sheets (Unaudited)
(In thousands, except unit data)
	June 30, 2026			December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents	$	13,705		$	10,892
Accounts receivable		134,869			114,544
Accounts receivable from related parties		259,578			216,641
Lease receivable - affiliate		33,158			36,362
Inventory		23,708			17,913
Other current assets		5,129			4,416
Total current assets		470,147			400,768
Property, plant and equipment:
Property, plant and equipment		1,936,429			1,827,530
Less: accumulated depreciation		(460,068	)		(403,523	)
Property, plant and equipment, net		1,476,361			1,424,007
Equity method investments		335,690			340,070
Customer relationship intangibles, net		221,923			233,022
Other intangibles, net		145,700			137,439
Goodwill		12,203			12,203
Operating lease right-of-use assets		8,957			11,683
Finance lease right-of-use assets		29,256			27,802
Net investment in leases - affiliate		156,426			185,656
Other non-current assets		13,801			6,618
Total assets	$	2,870,464		$	2,779,268

LIABILITIES AND PARTNERS' (DEFICIT) EQUITY
Current liabilities:
Accounts payable	$	427,051		$	292,908
Interest payable		24,356			30,557
Excise and other taxes payable		21,194			16,569
Current portion of operating lease liabilities		2,170			3,027
Current portion of finance lease liabilities		9,834			8,310
Accrued expenses and other current liabilities		4,690			5,122
Total current liabilities		489,295			356,493
Non-current liabilities:
Long-term debt, net of current portion		2,372,717			2,344,420
Operating lease liabilities, net of current portion		2,582			3,551
Finance lease liabilities, net of current portion		20,494			20,289
Asset retirement obligations		26,157			24,278
Other non-current liabilities		28,510			24,123
Total non-current liabilities		2,450,460			2,416,661
Total liabilities		2,939,755			2,773,154
Partners' (deficit) equity:
Common unitholders - public; 19,688,283 units issued and outstanding at June 30, 2026 (19,643,923 at December 31, 2025)		488,877			510,376
Common unitholders - Delek Holdings; 33,508,831 units issued and outstanding at June 30, 2026, exclusive of 359,372 issued units held by the Partnership in Treasury (33,868,203 issued and outstanding at December 31, 2025)		(558,168	)		(504,262	)
Total partners' (deficit) equity		(69,291	)		6,114
Total liabilities and partners' (deficit) equity	$	2,870,464		$	2,779,268

Delek Logistics Partners, LP
Consolidated Statement of Income and Comprehensive Income (Unaudited)
(In thousands, except unit and per unit data)
	Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Net revenues:
Affiliate	$	204,764		$	114,083		$	371,454		$	240,404
Third party		179,996			132,267			310,772			255,876
Net revenues		384,760			246,350			682,226			496,280
Cost of sales:
Cost of materials and other - affiliate		148,955			84,411			257,140			174,377
Cost of materials and other - third party		90,007			34,950			150,433			74,036
Operating expenses (excluding depreciation and amortization presented below)		42,794			37,525			89,390			78,155
Depreciation and amortization		36,914			25,879			72,267			52,377
Total cost of sales		318,670			182,765			569,230			378,945
Operating expenses related to wholesale business (excluding depreciation and amortization presented below)		543			549			992			904
General and administrative expenses		3,280			8,944			7,554			17,808
Depreciation and amortization		491			1,218			1,639			2,436
Other operating expense (income), net		(120	)		438			906			(3,848	)
Total operating costs and expenses		322,864			193,914			580,321			396,245
Operating income		61,896			52,436			101,905			100,035
Interest income		(22,545	)		(23,538	)		(54,830	)		(46,085	)
Interest expense		70,090			41,711			121,682			82,812
Income from equity method investments		(14,491	)		(10,536	)		(26,114	)		(20,686	)
Other income, net		(29	)		(20	)		(56	)		(41	)
Total non-operating expenses, net		33,025			7,617			40,682			16,000
Income before income taxes		28,871			44,819			61,223			84,035
Income tax expense		—			245			—			427
Net income		28,871			44,574			61,223			83,608
Comprehensive income		28,871			44,574		$	61,223		$	83,608
Net income per unit:
Basic	$	0.54		$	0.83		$	1.15		$	1.56
Diluted	$	0.54		$	0.83		$	1.15		$	1.56
Weighted average common units outstanding:
Basic		53,175,413			53,445,803			53,343,964			53,524,792
Diluted		53,240,181			53,473,271			53,430,114			53,553,227

Delek Logistics Partners, LP
Condensed Consolidated Statements of Cash Flows (In thousands)	Three Months Ended June 30,						Six Months Ended June 30,
(Unaudited)		2026			2025			2026			2025
Cash flows from operating activities
Net cash provided by operating activities	$	71,198		$	107,423		$	241,574		$	138,973
Cash flows from investing activities
Net cash used in investing activities		(59,793	)		(112,916	)		(109,091	)		(347,683	)
Cash flows from financing activities
Net cash (used in) provided by financing activities		(7,607	)		4,822			(129,670	)		204,762
Net decrease in cash and cash equivalents		3,798			(671	)		2,813			(3,948	)
Cash and cash equivalents at the beginning of the period		9,907			2,107			10,892			5,384
Cash and cash equivalents at the end of the period	$	13,705		$	1,436		$	13,705		$	1,436

Delek Logistics Partners, LP
Reconciliation of Amounts Reported Under U.S. GAAP (Unaudited)
(In thousands)
	Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Reconciliation of Net Income to EBITDA:
Net income	$	28,871		$	44,574		$	61,223		$	83,608
Add:
Income tax expense		—			245			—			427
Depreciation and amortization		37,405			27,097			73,906			54,813
Proportional interest, taxes, depreciation and amortization from equity-method investments		6,219			6,505			12,915			13,170
Interest expense, net		47,545			18,173			66,852			36,727
EBITDA		120,040			96,594			214,896			188,745
Throughput and storage fees for sales-type leases		24,033			27,406			59,414			55,112
DPG Inventory Impact		(34	)		900			265			900
Transaction costs		138			2,496			1,299			5,845
Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements	$	(716	)	$	—			(129	)		—
Adjusted EBITDA	$	143,461		$	127,396		$	275,745		$	250,602

Reconciliation of net cash from operating activities to distributable cash flow:
Net cash provided by operating activities	$	71,198		$	107,423		$	241,574		$	138,973
Changes in assets and liabilities		14,744			(37,602	)		(79,488	)		(5,522	)
Non-cash lease expense		(1,747	)		(1,352	)		(2,848	)		(3,619	)
Net distributions from equity method investments in investing activities		3,064			3,443			8,089			5,570
Regulatory and sustaining capital expenditures not distributable		(9,552	)		(4,598	)		(13,628	)		(5,243	)
Reimbursement from Delek Holdings for capital expenditures		10			10			22			19
Sales-type lease receipts, net of income recognized		1,488			3,868			4,584			9,027
Other non-cash adjustments		1,164			(1,154	)		297			2,538
Distributable Cash Flow		80,369			70,038			158,602			141,743
Transaction costs		138			2,496			1,299			5,845
Distributable Cash Flow, as adjusted ⁽¹⁾	$	80,507		$	72,534		$	159,901		$	147,588

⁽¹⁾Distributable cash flow adjusted to exclude transaction costs primarily associated with the H2O Midstream Acquisition and Gravity Acquisition.

Delek Logistics Partners, LP
Distributable Coverage Ratio Calculation (Unaudited)
(In thousands)
	Three Months Ended June 30,				Six Months Ended June 30,
		2026		2025		2026		2025
Distributions to partners of Delek Logistics, LP	$	60,379	$	59,612	$	120,459	$	118,932

Distributable cash flow	$	80,369	$	70,038	$	158,602	$	141,743
Distributable cash flow coverage ratio ⁽¹⁾	1.33x		1.17x		1.32x		1.19x
Distributable cash flow, as adjusted		80,507		72,534	$	159,901	$	147,588
Distributable cash flow coverage ratio, as adjusted ⁽²⁾	1.33x		1.22x		1.33x		1.24x

⁽¹⁾	Distributable cash flow coverage ratio is calculated by dividing distributable cash flow by distributions to be paid in each respective period.
⁽²⁾	Distributable cash flow coverage ratio, as adjusted is calculated by dividing distributable cash flow, as adjusted for transaction costs by distributions to be paid in each respective period.

Delek Logistics Partners, LP Segment Data (Unaudited) (In thousands)

	Three Months Ended June 30, 2026
	Gathering and Processing			Wholesale Marketing and Terminalling			Storage and Transportation			Investments in Pipeline Joint Ventures		Corporate and Other			Consolidated
Net revenues:
Affiliate	$	63,137		$	115,853		$	25,774		$	—	$	—		$	204,764
Third party		132,002			46,875			1,119			—		—			179,996
Total revenue	$	195,139		$	162,728		$	26,893		$	—	$	—		$	384,760

Adjusted EBITDA	$	104,058		$	12,552		$	16,280		$	20,710	$	(10,139	)	$	143,461
Transaction costs		—			—			—			—		138			138
DPG Inventory Impact		(34	)		—			—			—		—			(34	)
Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements		(716	)		—			—			—		—			(716	)
Throughput and storage fees for sales-type leases		11,422			3,942			8,669			—		—			24,033
Segment EBITDA	$	93,386		$	8,610		$	7,611		$	20,710	$	(10,277	)		120,040
Depreciation and amortization	$	33,870		$	762		$	2,000		$	—	$	773			37,405
Proportional interest, taxes, depreciation and amortization from equity-method investments	$	—		$	—		$	—		$	6,219	$	—			6,219
Interest income	$	(10,004	)	$	(4,089	)	$	(8,452	)	$	—	$	—			(22,545	)
Interest expense	$	—		$	—		$	—		$	—	$	70,090			70,090
Income tax expense																—
Net income															$	28,871

	Six Months Ended June 30, 2026
	Gathering and Processing			Wholesale Marketing and Terminalling			Storage and Transportation			Investments in Pipeline Joint Ventures		Corporate and Other			Consolidated
Net revenues:
Affiliate	$	112,383		$	209,779		$	49,292		$	—	$	—		$	371,454
Third party		237,432			70,745			2,595			—		—			310,772
Total revenue	$	349,815		$	280,524		$	51,887		$	—	$	—		$	682,226

Adjusted EBITDA	$	186,986		$	26,866		$	41,442		$	39,029	$	(18,578	)	$	275,745
Transaction costs		—			—			—			—		1,299			1,299
DPG Inventory Impact		265			—			—			—		—			265
Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements		(129	)		—			—			—		—			(129	)
Throughput and storage fees for sales-type leases		22,844			8,494			28,076			—		—			59,414
Segment EBITDA	$	164,006		$	18,372		$	13,366		$	39,029	$	(19,877	)		214,896
Depreciation and amortization		67,111			1,530			3,725			—		1,540			73,906
Proportional interest, taxes, depreciation and amortization from equity-method investments		—			—			—			12,915		—			12,915
Interest income		(20,162	)		(8,106	)		(26,562	)		—		—			(54,830	)
Interest expense		—			—			—			—		121,682			121,682
Income tax expense																—
Net income															$	61,223

	Three Months Ended June 30, 2025
	Gathering and Processing			Wholesale Marketing and Terminalling			Storage and Transportation			Investments in Pipeline Joint Ventures		Corporate and Other			Consolidated
Net revenues:
Affiliate	$	39,098		$	52,367		$	22,618		$	—	$	—		$	114,083
Third party		78,669			52,248			1,350			—		—			132,267
Total revenue	$	117,767		$	104,615		$	23,968		$	—	$	—		$	246,350

Adjusted EBITDA	$	77,984		$	23,307		$	16,928		$	17,041	$	(7,864	)	$	127,396
Transaction costs		—			—			—			—		2,496			2,496
DPG Inventory Impact		900			—			—			—		—			900
Throughput and storage fees not included in revenue		13,137			4,368			9,901			—		—			27,406
Segment EBITDA	$	63,947		$	18,939		$	7,027		$	17,041	$	(10,360	)		96,594
Depreciation and amortization	$	24,085		$	952		$	1,301		$	—	$	759			27,097
Proportional interest, taxes, depreciation and amortization from equity-method investments	$	—		$	—		$	—		$	6,505	$	—			6,505
Interest income		(11,113	)		(4,109	)		(8,316	)		—		—			(23,538	)
Interest expense	$	—		$	—		$	—		$	—	$	41,711			41,711
Income tax expense																245
Net income															$	44,574

	Six Months Ended June 30, 2025
	Gathering and Processing			Wholesale Marketing and Terminalling			Storage and Transportation			Investments in Pipeline Joint Ventures		Corporate and Other			Consolidated
Net revenues:
Affiliate	$	77,665		$	117,075		$	45,664		$	—	$	—		$	240,404
Third party		158,705			94,239			2,932			—		—			255,876
Total revenue	$	236,370		$	211,314		$	48,596		$	—	$	—		$	496,280

Adjusted EBITDA	$	159,059		$	41,057		$	31,399		$	33,856	$	(14,769	)	$	250,602
Transaction costs		—			—			—			—		5,845			5,845
DPG Inventory Impact		900			—			—			—		—			900
Throughput and storage fees not included in revenue		26,273			8,881			19,958			—		—			55,112
Segment EBITDA	$	131,886		$	32,176		$	11,441		$	33,856	$	(20,614	)		188,745
Depreciation and amortization	$	48,808		$	1,904		$	2,582		$	—	$	1,519			54,813
Proportional interest, taxes, depreciation and amortization from equity-method investments	$	—		$	—		$	—		$	13,170	$	—			13,170
Interest income		(22,478	)		(8,270	)		(15,337	)		—		—			(46,085	)
Interest expense	$	—		$	—		$	—		$	—	$	82,812			82,812
Income tax expense																427
Net income															$	83,608

Delek Logistics Partners, LP
Segment Capital Spending
(In thousands)
	Three Months Ended June 30,				Six Months Ended June 30, 2026
Gathering and Processing		2026		2025		2026		2025
Regulatory capital spending	$	1,987	$	—	$	2,875	$	—
Sustaining capital spending		6,686		2,627		9,602		2,640
Growth capital spending		50,950		114,591		96,665		185,889
Segment capital spending		59,623		117,218		109,142		188,529
Wholesale Marketing and Terminalling
Regulatory capital spending		10		—		74		11
Sustaining capital spending		67		65		80		144
Growth capital spending		373		—		407		—
Segment capital spending		450		65		561		155
Storage and Transportation
Regulatory capital spending		15		799		13		1,020
Sustaining capital spending		786		1,107		983		1,428
Segment capital spending		801		1,906		996		2,448
Consolidated
Regulatory capital spending		2,012		799		2,962		1,031
Sustaining capital spending		7,539		3,799		10,665		4,212
Growth capital spending		51,323		114,591		97,072		185,889
Total capital spending	$	60,874	$	119,189	$	110,699	$	191,132

Delek Logistics Partners, LP
Segment Operating Data (Unaudited)
	Three Months Ended June 30,				Six Months Ended June 30,
		2026		2025		2026		2025
Gathering and Processing Segment:
Throughputs (average bpd)
El Dorado Assets:
Crude pipelines (non-gathered)		74,197		71,220		68,068		66,580
Refined products pipelines to Enterprise Systems		52,059		53,597		48,379		54,797
El Dorado Gathering System		9,737		9,983		9,485		10,151
East Texas Crude Logistics System		34,259		33,101		30,791		30,027
Midland Gathering System		209,957		207,183		214,057		209,059
Plains Connection System		176,680		158,881		194,421		169,004
Delaware Gathering Assets:
Natural Gas Gathering and Processing (Mcfd⁽¹⁾)		80,715		60,940		72,355		60,378
Crude Oil Gathering (average bpd)		157,156		137,167		143,380		129,737
Water Disposal and Recycling (average bpd)		105,396		116,504		108,269		122,468
Midland Water Gathering System:
Water Disposal and Recycling (average bpd) ⁽³⁾		701,435		600,891		679,223		613,817
Wholesale Marketing and Terminalling Segment:
East Texas - Tyler Refinery sales volumes (average bpd) ⁽²⁾		—		67,516		—		67,695
West Texas marketing throughputs (average bpd)		4,191		10,757		7,960		10,791
West Texas gross margin per barrel	$	2.88	$	4.12	$	3.65	$	2.88
Terminalling throughputs (average bpd) ⁽⁴⁾		159,363		150,971		147,619		144,030

⁽¹⁾	Mcfd - average thousand cubic feet per day.
⁽²⁾	East Texas Marketing agreement was terminated on January 1, 2026.
⁽³⁾	Includes freshwater sales of 119,653 bpd and 119,383 bpd for the three and six months ended June 30, 2026, respectively, and 14,765 bpd and 13,697 bpd for the three and six months ended June 30, 2025, respectively.
⁽⁴⁾	Consists of terminalling throughputs at our Tyler, Big Spring, Big Sandy and Mount Pleasant, Texas terminals, our El Dorado and North Little Rock, Arkansas terminals and our Memphis and Nashville, Tennessee terminals.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260805115448/en/

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Information about Delek Logistics Partners, LP can be found on its website (www.deleklogistics.com), investor relations webpage (https://www.deleklogistics.com/investor-relations), news webpage (https://ir.deleklogistics.com/news/default.aspx) and its X account (@DelekLogistics).