Delek Logistics Partners LP (DKL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Thank you for joining us and welcome to the Delecq Logistics Partners first quarter 2026 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, please press star one again. I will now hand the conference over to Robert Wright, EVP and Chief Financial Officer. Robert, please go ahead. Good morning and welcome to the Delic Logistics Partners first quarter earnings conference call. Participants joining me on today's call will include Abigail Sorek, President and Chairman, Ruben Spiegel, EVP, as well as other members of our management team. As a reminder, this conference call will contain forward-looking statements as defined under the federal securities laws, including statements regarding guidance and future business outlook. Any forward-looking statements made during today's call involve risks and uncertainties that may cause actual results to differ materially from today's comments. Factors that could cause actual results to differ are included in our SEC filings. The company assumes no obligation to update any forward-looking statements. I will now turn the call over to Abigail for opening remarks. Abigail? Thank you, Robert. DKL reported $132 million in adjusted EBITDA in the quarter, and we are very confident about achieving fully EBITDA guidance of $520 to $560 million. DKL saw a strong execution in the first quarter, despite some challenges associated with Winterstone Fern. These results are a reflection of strengths in all segments, advancing our position as a premier full service provider of crude gas and water in the Permian Basin. Now, let me talk about each one of the businesses in detail. Starting wi...