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Stock research / United States / DKL · Pipe Lines (No Natural Gas) · NYSE

Delek Logistics Partners, LP (DKL)

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Delek Logistics Partners, LP (DKL) reported revenue of $385 million for Q2 FY2026, the quarter ended 30 June 2026, up 56.2% on the same quarter a year earlier. Net income was $29 million, down 35.2% on the year, and diluted earnings per share $0.54. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$385 millionup 56.2%
Net income$29 milliondown 35.2%
Diluted EPS$0.54
QuarterQ2 FY2026ended 30 June 2026

Delek Logistics Partners (DKL) in brief

Delek Logistics Partners (DKL) reported revenue of $1.0 billion for fiscal 2025, the year ended 31 December 2025, up 7.7% on the year before.
Read moreNet income was $176 million and diluted earnings per share $3.30. Revenue was $941 million in fiscal 2024, $1.0 billion in fiscal 2023, $1.0 billion in fiscal 2022 and $701 million in fiscal 2021. Net income in the same years was $143 million, $126 million, $159 million and $165 million. Over the twelve months to 30 June 2026, Delek Logistics Partners reported revenue of $1.2 billion and net income of $154 million. Revenue grew 12.5% a year, compounded, over the five years to fiscal 2025. Delek Logistics Partners had 53 million shares outstanding at the latest filed count. At 30 June 2026 it carried $2.4 billion of debt and $14 million of cash. At the close of 27 October 2026 the market cap of Delek Logistics Partners was $3.0 billion, 19.8 times its earnings over the last twelve months.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin15.3%
Net margin12.8%
FCF margin11.2%
Interest cover0.84
Debt to equityn/a
Cash conversion2.20
Share count, last 12 months-0.5%
Sales CAGR, 3 years-0.7%
Profit CAGR, 3 years3.5%
EPS, TTM$2.87

At the close of 27 October 2026

Price$56.96
Market cap$3.0 billion
Stock P/E19.85
Price to bookn/a
EV / EBITDA16.41
Dividend yieldn/a
Market cap / sales2.53
52-week high$60.31
52-week low$44.06
Price, 1 year25.5%
Price CAGR, 3 years8.1%
Price CAGR, 5 years2.6%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Delek Logistics Partners, LP files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
DKLgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on DKL

Dividendsno dividend in its filings for fiscal 2010 onward
Filings23 in twelve months: 19 current reports (8-K), about 10 other events; 4 results of operations; 3 regulation FD disclosure; 3 material agreement; 2 officer or director change
Planned insider sales5 Form 144 notices in twelve months, $60,858; latest 4 March 2026
Options tapeput/call 0.31 by open interest at the 27 October 2026 close; the straddle prices a 7.6% move to 20 November 2026
13F holders82 funds reported a position for the quarter to 30 June 2026; largest Alps Advisors Inc.
Insider trading5 sales and 5 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest459,334 shares short, 4.88 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021 †Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue190190207267294269244247276254252265214210250246261256297385
Cost of revenue132134154210222202170179206180181190165161196183207212251319
Gross profit58.055.753.057.272.267.173.567.869.374.371.574.448.849.053.863.654.043.946.966.1
Gross margin31%29%26%21%25%25%30%27%25%29%28%28%23%23%22%26%21%17%16%17%
SG&A5.95.55.113.812.03.47.56.65.55.14.96.015.79.38.98.94.56.34.33.3
Operating income50.649.446.842.259.061.663.959.962.652.564.568.531.838.047.652.445.436.440.061.9
Operating margin27%26%23%16%20%23%26%24%23%21%26%26%15%18%19%21%17%14%13%16%
Interest expense14.514.314.216.822.628.732.635.136.938.740.235.337.038.441.141.748.048.551.670.1
Pre-tax income43.441.739.632.545.142.337.732.235.022.733.041.133.835.339.244.845.947.032.428.9
Tax rate-0%-0%0%1%1%-1%1%1%0%2%1%0%0%-0%0%1%1%-1%0%0%
Net income43.641.739.532.244.742.737.431.934.822.132.641.133.735.339.044.645.647.332.428.9
Net margin23%22%19%12%15%16%15%13%13%9%13%16%16%17%16%18%17%18%11%8%
Diluted EPSn/an/a$0.91$0.74$1.03$0.98$0.86$0.73$0.80$0.51$0.73$0.87$0.71$0.68$0.73$0.83$0.85$0.88$0.60$0.54
Operating cash flow74.852.947.985.1164-10529.234.646.811543.987.624.949.931.610754.943.217071.2
Capital expenditure3.610.710.624.941.364.227.827.63.137.511.315.256.646.055.511467.230.648.559.5
Free cash flow71.242.237.360.2123-1701.47.043.777.232.672.5-31.73.9-23.9-7.1-12.312.612211.7
Buybacksn/an/an/an/an/an/an/an/an/an/a0.00.00.00.010.00.00.00.00.00.0
Shares outstanding43m43m43m43m43m44m44m44m44m44m47m47m51m54m53m53m53m54m53m53m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 16 fiscal years and the trailing twelve months

FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Revenue5047441,0239078415904485386585845637011,0361,0209411,0131,199
Cost of revenue477701959811697436355432509433357485787735697798988
Gross profit27.743.663.296.114415393.1106149151207216249285244215211
Gross margin5.5%5.9%6.2%10.6%17.1%26.0%20.8%19.7%22.6%25.9%36.7%30.8%24.1%27.9%25.9%21.2%17.6%
Selling, general and administrativen/an/a9.97.510.611.410.311.817.220.822.621.534.224.835.928.618.4
Operating income17.811.62.538.778.877.377.788.2126126180191210239203182184
Operating margin3.5%1.6%0.2%4.3%9.4%13.1%17.3%16.4%19.1%21.5%31.9%27.2%20.2%23.4%21.6%17.9%15.3%
Interest expense2.62.02.74.68.710.713.623.941.347.342.950.282.3143151179218
Pre-tax income15.29.6-0.234.270.266.062.969.290.797.7159165159127143177154
Income tax5.15.4-14.00.80.1-0.20.1-0.20.51.00.20.20.41.20.50.50.0
Effective tax rate33.6%56.1%n/a2.2%0.2%-0.3%0.1%-0.3%0.6%1.0%0.1%0.1%0.2%0.9%0.3%0.3%0.0%
Net income10.14.213.933.470.166.262.869.490.296.7159165159126143176154
Net margin2.0%0.6%1.4%3.7%8.3%11.2%14.0%12.9%13.7%16.6%28.3%23.5%15.3%12.4%15.2%17.4%12.8%
Diluted EPSn/an/a$0.34$1.93$2.85n/an/a$2.09$2.65$2.61$4.18$3.79$3.66$2.89$2.99$3.30$2.87
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Gathering and Processing37136549849.2%
Wholesale Marketing and Terminalling50645241841.2%
Storage and Transportation14412497.69.6%
Investments in Pipeline Joint Ventures0.00.00.0n/a
Gathering and ProcessingWholesale Marketing and TerminallingStorage and Transportation
1,020FY2023941FY20241,013FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Operating cash flow13.4-10.117.136.685.168.010191.2153130193275192225206237340
Capital expenditure0.07.130.825.69.020.011.318.212.99.113.323.114196.1129268206
Free cash flow13.4-17.2-13.711.076.148.189.473.014012118025251.112977.3-30.6134
Free cash flow margin2.7%-2.3%-1.3%1.2%9.0%8.2%20.0%13.6%21.3%20.8%31.9%36.0%4.9%12.7%8.2%-3.0%11.2%
Cash from investing0.0-7.1-54.1-36.3-31.7-56.6-72.7-29.9-228-147-123-16.4-770-89.6-385-444-206
Cash from financing-13.517.260.4-22.8-52.5-13.3-28.0-56.774.918.0-71.2-259582-140180213-122
Depreciation and amortisation2.86.110.112.415.019.720.821.926.026.735.742.863.092.496.4126145
Share-based compensation0.10.00.00.50.30.40.60.60.71.81.32.02.72.7n/an/an/a
Buybacksn/an/an/an/an/an/an/an/an/an/an/an/an/a0.00.010.00.0
Diluted shares, weightedn/an/an/a25mn/an/an/an/an/an/an/an/an/an/an/an/an/a
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a53m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2010FY2011 †FY2012 †FY2013 †FY2014 †FY2015FY2016FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Funded by
Redeemable equityn/an/an/an/an/an/an/an/an/an/an/an/an/a0.00.0n/an/a
Debtn/a0.090.0n/an/an/an/an/an/an/a9928991,6621,7041,8752,3442,373
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/a2.315.414.112.18.36.03.62.6
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/an/an/a0.620.320.5
Total liabilities and equityn/a2232833013313754164446257449569351,6791,6422,0422,7792,870
Owned
Fixed assetsn/a1341912252552542512553132954654499249361,0641,4241,476
Goodwill7.57.510.511.711.712.212.212.212.212.212.212.227.112.212.212.212.2
Intangible assetsn/a10.012.412.416.515.514.415.9154147160154365343281370n/a
Cash and equivalents0.00.023.50.91.90.00.14.74.55.54.24.38.03.85.410.913.7
Receivablesn/a22.627.729.028.035.019.223.021.613.215.715.453.3n/an/an/an/a
Inventoryn/a18.914.417.510.310.58.920.95.512.63.12.41.52.35.417.923.7
Other assets64.330.53.85.48.248.31101121142592962983013456739441,344
Total assets71.82232833013313754164446257449569351,6791,6422,0422,7792,870
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.6%12.5%-0.7%30.3%
Profit growth, compounded10.3%2.1%3.5%1.0%
Return on equity, averagen/an/an/an/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Delek Logistics Partners' revenue in fiscal 2025?

Delek Logistics Partners (DKL) reported revenue of $1.0 billion for fiscal 2025, the year ended 31 December 2025, up 7.7% on the year before.

How much did Delek Logistics Partners earn in fiscal 2025?

Net income was $176 million for fiscal 2025, and diluted earnings per share $3.30.

What is Delek Logistics Partners' P/E ratio?

At the close of 27 October 2026, Delek Logistics Partners traded at 19.8 times its earnings over the twelve months to 30 June 2026.

What is Delek Logistics Partners' market cap?

The market cap of Delek Logistics Partners was $3.0 billion at the close of 27 October 2026.

How much debt does Delek Logistics Partners have?

At 30 June 2026 Delek Logistics Partners carried $2.4 billion of debt and $14 million of cash.

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TTM
Debt to equityDiv. yield
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Delek Logistics Partners, LP DKL$3.0 billion19.85n/a15.3%30.3%n/an/a
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6 companies share its SEC industry code (Pipe Lines (No Natural Gas)); the rest are the names nearest in size in its wider industry, Transportation, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
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