The Motley Fool·Jun 25, 2026
Why Delek Holdings Rallied TodayDelek rallied as a rival's refinery caught fire on Thursday. Jet fuel margins were already sky-high this year, but were set to moderate due to the U.S.-Iran ceasefire.
Delek Logistics Partners, LP(DKL)Earnings, Financials & Key Ratios
DKL•NYSE
$53.55
16.2× P/E·Price updated Jul 7, 2026
AboutDelek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates through three segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investment in Pipeline Joint Ventures. The Pipelines and Transportation segment includes pipelines, trucks, and ancillary assets that provide crude oil gathering, crude oil intermediate and refined products transportation, and storage services primarily in support of the Tyler, El Dorado, and Big Spring refineries, as well as offers crude oil and other products transportation services to third parties. This segment operates approximately 400 miles of crude oil transportation pipelines; 450 miles of refined product pipelines; and approximately 900 miles of crude oil gathering, and intermediate and refined products storage tanks with an aggregate of approximately 10.2 million barrels of active shell capacity. The Wholesale Marketing and Terminalling segment provides wholesale marketing, transporting, storage, and terminalling services related to refined products to independent third parties. The Investments in Pipeline Joint Ventures Segment owns a portion of three joint ventures that have constructed separate crude oil pipeline systems and related ancillary assets, which serves third parties and subsidiaries. Delek Logistics GP, LLC serves as the general partner of the company. Delek Logistics Partners, LP was incorporated in 2012 and is headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP operates as a subsidiary of Delek US Holdings, Inc.Show more
- Revenue$1.01B+7.7%
- EBITDA$311M+2.4%
- Net Income$176M+23.7%
- EPS (Diluted)3.30+10.4%
- Gross Margin20.89%-19.4%
- EBITDA Margin30.67%-4.9%
- Operating Margin18.01%-16.5%
- Net Margin17.41%+14.8%
- ROE847.51%+111.0%
DKL Price & Volume
Delek Logistics Partners, LP (DKL) stock price & volume — 10-year historical chart
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Margin Compression Challenges Delek Logistics Distribution Sustainability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Moderate
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Parent refinery throughput dependency
Key Thesis Takeaways
- Delek Logistics Partners faces a complex fundamental outlook characterized by structural margin erosion and persistent reliance on external financing to support its 8.8% dividend yield.
- While the partnership has aggressively expanded its net PPE to $1.9 billion as of 2026Q1, the inability to retain earnings has resulted in a negative equity position of $20.2 million.
- Investors should monitor the partnership's sensitivity to parent refinery utilization, as the current volatility in operating cash flow and capital intensity may threaten long-term distribution stability.
Verdict Logic
the partnership's reliance on debt to fund distributions and capital expenditures, evidenced by a 2026Q1 negative equity position of $20.2 million, presents significant long-term solvency risks for income-focused investors.
DKL Growth Metrics
Delek Logistics Partners, LP (DKL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.56%
5 Years12.46%
3 Years-0.75%
TTM13.04%
Profit CAGR
10 Years10.19%
5 Years2.07%
3 Years3.52%
TTM13.89%
EPS CAGR
10 Years2.73%
5 Years-4.62%
3 Years-3.39%
TTM5.69%
Return on Capital
10 Years18.33%
5 Years14.83%
3 Years11.74%
Last Year8.34%
DKL Recent Earnings
Delek Logistics Partners, LP (DKL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$0.60-30.2%
$0.86
Rev
$297M+24.0%
$240M
Q1 2026
Feb 27, 2026Metric
Actual
Est
EPS
$0.88-38.5%
$1.43
Rev
$256M-9.8%
$284M
Q4 2025
Nov 7, 2025Metric
Actual
Est
EPS
$0.85-23.4%
$1.11
Rev
$261M-7.9%
$284M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.83+5.1%
$0.79
Rev
$246M-1.8%
$251M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.60vs $0.86-30.2% | $297Mvs $240M+24.0% |
| Q1 2026 | Feb 27, 2026 | $0.88vs $1.43-38.5% | $256Mvs $284M-9.8% |
| Q4 2025 | Nov 7, 2025 | $0.85vs $1.11-23.4% | $261Mvs $284M-7.9% |
| Q3 2025 | Aug 6, 2025 | $0.83vs $0.79+5.1% | $246Mvs $251M-1.8% |
Based on last 12 quarters of dataView full earnings history →
Latest DKL News
Recent stock market news and headlines for Delek Logistics Partners, LP (DKL)
Peers Comparison
Key metrics vs top competitors for Delek Logistics Partners, LP (DKL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $53.55 | $2.85B | 16.23 | 7.73% | 17.41% | 847.51% | 8.3% | |
| $57.51 | $58.38B | 11.93 | 8.37% | 37.54% | 32.81% | — | |
| $22.57 | $860.71M | 20.71 | -10.63% | 2.03% | — | — | |
| $37.64 | $81.43B | 14.15 | -6.44% | 11.42% | 19.49% | — | |
| $22.68 | $16B | 13.66 | -11.61% | 2.54% | 8.84% | — | |
| $273.81 | $58.77B | 32.14 | 3.06% | 12.98% | 70.77% | — |
Compare DKL vs Peers
Delek Logistics Partners, LP (DKL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DKL SEC Filings & Documents
Delek Logistics Partners, LP (DKL) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 29, 2026·SEC
Material company update
Apr 23, 2026·SEC
Material company update
Apr 21, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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DKL Frequently Asked Questions
Delek Logistics Partners, LP (DKL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Delek Logistics Partners, LP's revenue?
Delek Logistics Partners, LP (DKL) reported $1.06B in revenue for fiscal year 2025. This represents a 43% increase from $744.1M in 2011.
How fast is Delek Logistics Partners, LP growing?
Delek Logistics Partners, LP (DKL) grew revenue by 7.7% over the past year. This is steady growth.
Is DKL profitable?
Yes, Delek Logistics Partners, LP (DKL) is profitable, generating $169.8M in net income for fiscal year 2025 (17.4% net margin).
Dividend & Returns
Does DKL pay dividends?
Yes, Delek Logistics Partners, LP (DKL) pays a dividend with a yield of 8.30%. This makes it attractive for income-focused investors.
What is DKL's return on equity?
Delek Logistics Partners, LP (DKL) has a return on equity (ROE) of 847.5%. This is excellent, indicating efficient use of shareholder capital.
What is Delek Logistics Partners, LP's free cash flow?
Delek Logistics Partners, LP (DKL) generated $112.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.