Delek Logistics Partners (DKL) Q3 FY2026 earnings: revenue $372 million, up 42.5% on the year

Delek Logistics Partners, LP (DKL) reported revenue of $372 million for Q3 FY2026, the quarter ended 30 September 2026, up 42.5% on the same quarter a year earlier. Net income was $47 million, up 4.1% on the year, and diluted earnings per share $0.85. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$372 million

+42.5% on the year · -3.2% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

14.4%

17.4% a year earlier

Q4 FY2024Q3 FY2026

Net income

$47 million

+4.1% on the year · +64.2% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.85

0.0% on the year · +57.4% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 narrowed, 2 new.

Full-year EBITDA guidance raised: Management raised its 2026 adjusted EBITDA range to $530 million - $560 million, citing year-to-date operational performance.
Adjusted EBITDA nearly unchanged: Adjusted EBITDA was $142.9 million against $142.5 million; management attributed the $0.4 million increase to higher margins.
Gathering and processing margins drove gain: Gathering and Processing adjusted EBITDA was $88.4 million against $82.8 million; management cited increased margins.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	372	385	261	-3.2%	+42.5%
Cost of revenue	312	319	207	-2.0%	+50.6%
Gross profit	60.3	66.1	54.0	-8.8%	+11.7%
Gross margin	16.2%	17.2%	20.6%
Selling, general and administrative	5.9	3.3	4.5	+78.4%	+29.5%
Operating income	53.5	61.9	45.4	-13.6%	+17.9%
Operating margin	14.4%	16.1%	17.4%
Interest expense	49.4	70.1	48.0	-29.5%	+2.9%
Pre-tax income	47.9	28.9	45.9	+65.8%	+4.3%
Income tax	0.4	0.0	0.3		+27.6%
Effective tax rate	0.9%	0.0%	0.7%
Net income	47.4	28.9	45.6	+64.2%	+4.1%
Net margin	12.7%	7.5%	17.4%
Diluted EPS	$0.85	$0.54	$0.85	+57.4%	0.0%

$ million except per share.

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. 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.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	188	71.2	54.9	+164.0%	+242.1%
Capital expenditure	59.1	59.5	67.2	-0.7%	-12.0%
Free cash flow	129	11.7	-12.3	+1,005.1%
Free cash flow margin	34.6%	3.0%	-4.7%
Cash from investing	-61.8	-59.8	-64.0
Cash from financing	-90.9	-7.6	14.5
Depreciation and amortisation	38.5	37.4	34.8	+2.9%	+10.6%
Buybacks	0.0	0.0	0.0
Shares outstanding at period end	58m	53m	53m	+8.7%	+8.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Debt	2,126	2,373	2,288	-10.4%	-7.1%
Operating lease liabilities	2.1	2.6	4.1	-17.7%	-48.6%
Finance lease liabilities	19.9	20.5	n/a	-2.8%
Total liabilities and equity	2,922	2,870	2,747	+1.8%	+6.4%
Fixed assets	1,501	1,476	1,419	+1.6%	+5.8%
Goodwill	12.2	12.2	12.2	0.0%	0.0%
Cash and equivalents	49.0	13.7	6.9	+257.5%	+608.9%
Inventory	26.6	23.7	18.6	+12.3%	+42.8%
Other assets	1,334	1,344	1,291	-0.8%	+3.3%
Total assets	2,922	2,870	2,747	+1.8%	+6.4%

Questions

What was Delek Logistics Partners' revenue in Q3 FY2026?

Delek Logistics Partners (DKL) reported revenue of $372 million for Q3 FY2026, the quarter ended 30 September 2026, up 42.5% on the same quarter a year earlier.

How much did Delek Logistics Partners earn in Q3 FY2026?

Net income for Q3 FY2026 was $47 million, up 4.1% on the year, and diluted earnings per share $0.85.

When did Delek Logistics Partners report Q3 FY2026 results?

Delek Logistics Partners filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	190	207	267	294	269	244	247	276	254	252	265	214	210	250	246	261	256	297	385	372
Cost of revenue	134	154	210	222	202	170	179	206	180	181	190	165	161	196	183	207	212	251	319	312
Gross profit	55.7	53.0	57.2	72.2	67.1	73.5	67.8	69.3	74.3	71.5	74.4	48.8	49.0	53.8	63.6	54.0	43.9	46.9	66.1	60.3
Gross margin	29%	26%	21%	25%	25%	30%	27%	25%	29%	28%	28%	23%	23%	22%	26%	21%	17%	16%	17%	16%
SG&A	5.5	5.1	13.8	12.0	3.4	7.5	6.6	5.5	5.1	4.9	6.0	15.7	9.3	8.9	8.9	4.5	6.3	4.3	3.3	5.9
Operating income	49.4	46.8	42.2	59.0	61.6	63.9	59.9	62.6	52.5	64.5	68.5	31.8	38.0	47.6	52.4	45.4	36.4	40.0	61.9	53.5
Operating margin	26%	23%	16%	20%	23%	26%	24%	23%	21%	26%	26%	15%	18%	19%	21%	17%	14%	13%	16%	14%
Interest expense	14.3	14.2	16.8	22.6	28.7	32.6	35.1	36.9	38.7	40.2	35.3	37.0	38.4	41.1	41.7	48.0	48.5	51.6	70.1	49.4
Pre-tax income	41.7	39.6	32.5	45.1	42.3	37.7	32.2	35.0	22.7	33.0	41.1	33.8	35.3	39.2	44.8	45.9	47.0	32.4	28.9	47.9
Tax rate	-0%	0%	1%	1%	-1%	1%	1%	0%	2%	1%	0%	0%	-0%	0%	1%	1%	-1%	0%	0%	1%
Net income	41.7	39.5	32.2	44.7	42.7	37.4	31.9	34.8	22.1	32.6	41.1	33.7	35.3	39.0	44.6	45.6	47.3	32.4	28.9	47.4
Net margin	22%	19%	12%	15%	16%	15%	13%	13%	9%	13%	16%	16%	17%	16%	18%	17%	18%	11%	8%	13%
Diluted EPS	n/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	$0.85
Operating cash flow	52.9	47.9	85.1	164	-105	29.2	34.6	46.8	115	43.9	87.6	24.9	49.9	31.6	107	54.9	43.2	170	71.2	188
Capital expenditure	10.7	10.6	24.9	41.3	64.2	27.8	27.6	3.1	37.5	11.3	15.2	56.6	46.0	55.5	114	67.2	30.6	48.5	59.5	59.1
Free cash flow	42.2	37.3	60.2	123	-170	1.4	7.0	43.7	77.2	32.6	72.5	-31.7	3.9	-23.9	-7.1	-12.3	12.6	122	11.7	129
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	0.0	0.0	10.0	0.0	0.0	0.0	0.0	0.0	0.0
Shares outstanding	43m	43m	43m	43m	44m	44m	44m	44m	44m	47m	47m	51m	54m	53m	53m	53m	54m	53m	53m	58m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* 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. 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.

10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.