Delek Logistics Partners, LP

DKL

$55.28

+0.02%

2026-09-04 09:41:23 EDT+$0.01

Energy

Oil & Gas Midstream

NYSE

Active Trading

Delek Logistics Partners, LP (DKL) manages and operates a diverse portfolio of logistics and marketing assets for crude oil, intermediate, and refined ...

Price Action of DKL

$55.28

+0.02%+$0.01

High—

Low—

52W High-8.4%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Delek Logistics Partners, LP (DKL) is a growth-oriented master limited partnership formed in 2012 by Delek US Holdings, Inc. to own, operate, acquire, and construct logistics and marketing assets for crude oil, intermediate, and refined petroleum products. Headquartered in Brentwood, Tennessee, DKL operates through three primary segments: Pipelines and Transportation, ...Delek Logistics Partners, LP (DKL) is a growth-oriented master limited partnership formed in 2012 by Delek US Holdings, Inc. to own, operate, acquire, and construct logistics and marketing assets for crude oil, intermediate, and refined petroleum products. Headquartered in Brentwood, Tennessee, DKL operates through three primary segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investments in Pipeline Joint Ventures. The Pipelines and Transportation segment includes over 400 miles of crude oil pipelines and 450 miles of refined product pipelines, along with approximately 900 miles of crude gathering lines and storage tanks with a combined capacity of about 10.2 million barrels, serving the Tyler, El Dorado, and Big Spring refineries and external clients. The Wholesale Marketing and Terminalling segment provides bulk marketing, transport, storage, and terminalling services for refined products to third-party customers. The Investments in Pipeline Joint Ventures segment holds equity stakes in three collaborative ventures that develop and operate crude oil pipeline systems. As of the latest data, DKL has a market capitalization of around $3.02 billion, with a price-to-earnings ratio of 19.77 and a dividend yield of 7.9%. The company reported a net profit margin of 12.8% and an EBITDA margin of 38.5%. Its enterprise value-to-EBITDA is 6.59, indicating a moderate valuation. The company employs approximately 201-500 people (though the exact number is not disclosed, with full-time employees listed as 0 in some sources). Avigal Soreq serves as the President and Chairman of the Board, having taken over from the previous CEO, Yemin. DKL is committed to operational excellence and sustainability, playing a critical role in delivering energy safely and reliably. Its financial performance shows a strong cash conversion cycle of -107 days, indicating efficient working capital management. The company has a debt-to-assets ratio of 1.2%, but a negative debt-to-equity ratio due to negative shareholders' equity, reflecting its structure as a partnership. DKL pays a quarterly distribution, with a dividend payout ratio of 194.7%, suggesting that earnings do not fully cover the distributions, typical for MLPs. The company's free cash flow per share is $4.70, and its operating cash flow per share is $9.49. DKL's primary support comes from Delek US Holdings, and it aims to grow through acquisitions and organic projects, focusing on integrated logistics and marketing services to enhance shareholder value.ExpandCollapse

Founded

2012

Employees

CEO

Avigal Soreq

Full Name

Delek Logistics Partners, LP

Sector

Energy

Industry

Oil & Gas Midstream

ROE

-935.80%

Market Cap

$3.20B

Current Ratio

0.96

WACC

6.96%

ROIC

14.64%

Contact Information

https://www.deleklogistics.com

615 771 6701

310 Seven Springs Way, Brentwood, TN 37027

Key Metrics of DKL

Snapshot

Latest / TTM · 6 periods

Market Cap

$3.20B

ROCE

7.7%

EV / EBITDA

11.56x

+0.2% YoY

FCF Yield

4.4%

+5.6% YoY

Cash Conversion Cycle

-18.4d

Current Ratio

0.96

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of DKL

Profitability trend

Latest / TTM · 6 periods

Gross Margin

17.3%

Net Margin

12.8%

P/E Ratio

19.26x

n/a

Debt / Equity

-34.75

n/a

Current Ratio

0.96

Dividend Yield

8.2%

Understanding

TTM —

Current ratio below 1.0

Calendar of DKL

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.99 · Revenue $356.44M · 3 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.94 · Revenue $357.46M · 3 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $3.08 · Revenue $1.40B · 4 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $1.08 · Revenue $359.88M · 1 analysts

Recent history

Aug 10, 2026
Dividend payment
$4.51 per share
Aug 5, 2026
Q2 FY2026 · Results reported
EPS $0.54 · Revenue $384.76M
View filing
Aug 3, 2026
Ex-dividend date
$4.51 per share
Apr 29, 2026
Q1 FY2026 · Results reported
EPS $0.60 · Revenue $297.47M
View filing
Feb 27, 2026
FY2025 · Annual results
EPS $3.30 · Revenue $1.01B
View filing
Nov 7, 2025
Q3 FY2025 · Results reported
EPS $0.85 · Revenue $261.28M
View filing

Financial Statements of DKL

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$1.0B	+7.7%	+29.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$176.5M	+23.7%	-10.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+20.9%	-19.4%	+11.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+18.0%	-16.5%	+19.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+17.4%	+14.8%	-31.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-30.6M	-141.1%	-90.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-3.0%	-138.2%	-92.6%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	38920.5%	+632.9%	+69.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.12x	-31.6%	+0.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$2.8B	+36.1%	-1.3%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	3.30 vs 3.53	-6.6%	0.54 vs 0.99	-45.4%
Revenue Surprise	$1.0B vs $1.0B	-2.7%	$384.8M vs $356.4M	+7.9%

Insider Transactions of DKL

Acquisitions (A)

Since Jun 10, 2026

Disposals (D)

Since Jun 10, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 13, 2026	Soreq Avigal	director, officer: President	Common Units	A	2,500	$50.00
Aug 13, 2026	Hobbs Mark Wayne	officer: EVP	Common Units	A	4,000	$50.00
Aug 13, 2026	Spiegel Reuven	director, officer: Executive Vice President, DKL	Common Units	A	1,000	$50.00
Aug 13, 2026	Wright Robert G.	officer: EVP, Chief Financial Officer	Common Units	A	1,500	$50.00
Aug 13, 2026	Yemin Ezra Uzi	director, officer: Chairman	Common Units representing limited partner interests	A	6,000	$50.00

Earnings Call Transcript of DKL

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Hello, everyone. Thank you for joining us, and welcome to the Delek Logistics Partners Second Quarter 2026 Earnings Call. [Operator Instructions] I will now hand the conference over to Robert Wright, EVP and Chief Financial Officer. Robert, please go ahead. Robert Wright: Good morning, and welcome to the Delek Logistics Partners Second Quarter Earnings Conference Call. Participants joining me on today's call will include Avigal Soreq, President and Chairman; Mark Hobbs, 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 Avigal for opening remarks. Avigal? Avigal Soreq: Thank you, Robert. Today, DKL reported $144 million in adjusted EBITDA in the second quarter, reaffirming full year EBITDA guidance of $520 million to $560 million. DKL's strong results are a reminder of our advanced position as a premier full-service provider of crude, gas and water in the Permian Basin. As of July 1, Mark moved from his CFO position at Delek to lead role at Delek Logistics, and we recently brought on Kris Kindrick as our new SVP of Commercial. I'm highly confident that Mark, Kris and the rest of the Delek Logistics team will deliver the next chapter of growth for DKL. All 3 of our segments are doing well, and I will provide more detail on each one of these segments. Starting with gas, we are nearing the completion of our integrated sour gas processing, treating and in-handling solution of Libby gas complex. The comprehensive system will serve our customer by further supporting long-term oil and gas production growth in the Delaware Basin. Moving to crude. Both DPG and DGG continue to see strong performance with DGG crude gathering delivering a record quarter. We look forward to further optimizing and growing the system. Our water business continued to perform well, and we are continuing to explore growth opportunities in this space. Our combined gas, crude and water offering in the Permian Basin has improved our competitive position and established a platform for future growth. We will continue to pursue growth opportunities in a disciplined manner while maintaining a focus on leverage and coverage. We also intend to remain a good steward of our stakeholders' capital. Our Board of Directors has approved our 54th consecutive quarterly distribution increase, raising the distribution to $1.135 per unit. This is an extraordinary milestone, and it reflects the exceptional work of our team and the financial discipline …

Leadership Team of DKL

9 executives

Name	Title	Gender	Year Born	Status
Avigal Soreq	President, CEO & Chairman of Delek Logistics GP, LLC	Male	1978	Active
Mark Hobbs	Executive Vice President of Delek Logistics	Male	1971	Active
Robert Wright	Executive VP & Chief Financial Officer of Delek Logistics	Male	1984	Active
Jared Paul Serff	Executive Vice President of Delek Logistics GP LLC	Male	1968	Active
Denise Clark McWatters	Executive Vice President, General Counsel & Secretary of Delek Logistics GP LLC	Female	1960	Active
Michael Odigie	Senior Vice President of Operations	Male	—	Active
Mohit Bhardwaj	Executive Vice President of Strategy, Business Development & Investor Relations	Male	—	Active
Joseph Israel	Executive Vice President of Operations	Male	1972	Active
Reuven Avraham Spiegel	Executive Vice President of Special Projects & Director of Delek Logistics GP, LLC	Male	1956	Active

Recent News of DKL

The Motley Fool18 hours agoNeutral

Delek Logistics President Soreq Buys 2,500 Shares

The purchase was made on Aug. 13 and valued at $125,000. The transaction increased the insider's direct equity position by 3%.

Zacks Investment Research20 hours agoNeutral

3 Top Oil & Gas MLPs to Consider with Dividend Yields Above 5%

Generating stronger distributable cash flow in their latest quarters, these high-yield energy stocks remain worthy of consideration for income-focused investors.

The Motley Fool5 days agoNeutral

Delek Logistics Chairman Yemin Buys 6,000 Shares for $300,000

The chairman acquired 6,000 shares at $50.00 per share for a total transaction value of $300,000. The purchase increased the reporting owner's total equity position by 3%.

The Motley Fool8/24/2026Neutral

Delek Logistics EVP Hobbs Buys 4,000 Shares for $200,000

The executive acquired 4,000 shares at $50 per share. The purchase increased the insider's direct equity holdings by 20%.

The Motley Fool8/22/2026Neutral

Delek Logistics CFO Buys 1,500 Shares for $75,000. Here's a Closer Look at the Transaction.

The executive purchased 1,500 shares for $75,000 at a weighted average price of $50.00 per share on August 13, 2026. The acquisition was made through direct ownership, bringing the executive's total position to 7,994 shares.

Historical Employee Count of DKL

Current

Minimum

Maximum

Recent Filings

Report Date	Form Type	Filing Date	SEC Filing
Dec 31, 2025	10-K	Feb 27, 2026	View
Dec 31, 2024	10-K	Feb 26, 2025	View
Dec 31, 2023	10-K	Feb 28, 2024	View
Dec 31, 2022	10-K	Mar 1, 2023	View
Dec 31, 2021	10-K	Feb 25, 2022	View

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Delek Logistics Partners, LP