Delek Logistics Partners LP (DKL) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Jael, and I will be your conference operator today. I would now like to turn the conference over to Robert, Chief Financial Officer. You may begin. Good morning, and welcome to the Dellick Logistics Partners Third Quarter Earnings Conference Call. Participants joining me on today's call will include Abigail Sorek, President, and Reuven Spiegel, EVP. 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 calls will include 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. The Elec Logistics partner had another record quota. We reported approximately $136 million in quarterly adjusted EBITDA. Due to the strong progress here to date, DKL has increased its full EBITDA midpoint guidance of $500 million to the upper end of the range between $500 and $520 million. DELEC Logistics continues to advance its key initiative in natural gas, crude, and water businesses, further improving its position as the premier full service provider in the Permian Basin. After successfully completing the commissioning of the new Libby II plant in the third quarter, DKL advanced its ongoing effort on acid gas injection and sour gas handling capabilities. The AGI and sour gas handling capabilities are enabling DKL to fill the plant to capacity and paving the way for further processin...