Delek Logistics Partners
Operates midstream infrastructure for crude, natural gas, refined products, and water.
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Profile
Provides logistics for crude oil, intermediates, refined products, natural gas, and water services. Its sponsored MLP structure links owned infrastructure with Delek US as both a major owner and significant customer.
Owned infrastructure gathers, transports, stores, and markets crude oil, intermediates, refined products, and natural gas. The platform also provides terminalling, water disposal, and recycling services.
Operations concentrate around the Permian Basin and extend to the Gulf Coast, while assets support Delek refining and marketing sites in Texas, Arkansas, and Louisiana as well as third-party customers.
Formed by Delek US in 2012, the NYSE master limited partnership expands through acquisitions, joint ventures, sponsor transactions, and projects over time. Delek US owns the general-partner and majority limited-partner interests and is a significant customer.
Company facts
Categories
Key statistics
Year to date +15.9% · Average volume (30d) 175.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 16, 2026 | UBS | Initiate | Neutral | $56 | ||
| Apr 30, 2026 | Raymond James | Target | $55 | $60 | ||
| Apr 21, 2026 | Mizuho Securities | Target | $45 | $52 | ||
| Mar 24, 2026 | Truist Securities | Downgrade | Buy | Hold | ||
| Mar 6, 2026 | Citigroup | Downgrade | Buy | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.93 | $0.54 | −41.8% | $293.6M | $384.8M | +31.0% | −1.67% |
| Apr 29, 2026Q1 FY26 | $0.86 | $0.60 | −30.2% | $239.9M | $297.5M | +24.0% | +0.13% |
| Feb 27, 2026Q4 FY25 | $1.43 | $0.88 | −38.5% | $283.6M | $255.8M | −9.8% | +5.14% |
| Nov 7, 2025Q3 FY25 | $1.11 | $0.85 | −23.4% | $283.6M | $261.3M | −7.9% | +1.03% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $249.9M | $246.4M | $261.3M | $255.8M | $297.5M | $384.8M | |
| Gross profit | $53.8M | $62.4M | $52.9M | $43.2M | $45.8M | $66.1M | |
| Operating income | $47.6M | $53.4M | $45.4M | $36.6M | $40.0M | $61.9M | |
| Net income | $39.0M | $44.6M | $45.6M | $47.3M | $32.4M | $28.9M | |
| Diluted EPS | $0.73 | $0.83 | $0.85 | $0.88 | $0.60 | $0.54 | |
| Gross margin | 21.5% | 25.3% | 20.2% | 16.9% | 15.4% | 17.2% | |
| Operating margin | 19.0% | 21.7% | 17.4% | 14.3% | 13.4% | 16.1% |
Fiscal years (4-quarter sums)FY21 $700.9M · FY22 $1.04B · FY23 $1.02B · FY24 $940.6M · FY25 $1.01B
Balance sheet, Jun 30, 2026Cash & short-term investments $13.7M · Total debt $2.41B · Total assets $2.87B · Shareholders' equity −$69.3M
Dividends
Raised for 12 straight years — most recently to $1.135 from $1.13 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 3, 2026 | Aug 3 | Aug 10 | $1.135 | raised from $1.13 |
| May 4, 2026 | May 4 | May 11 | $1.13 | raised from $1.125 |
| Feb 5, 2026 | Feb 5 | Feb 12 | $1.125 | raised from $1.12 |
| Nov 7, 2025 | Nov 7 | Nov 13 | $1.12 | raised from $1.115 |
| Aug 8, 2025 | Aug 8 | Aug 14 | $1.115 | raised from $1.11 |
| May 8, 2025 | May 8 | May 15 | $1.11 | raised from $1.105 |
| Feb 4, 2025 | Feb 4 | Feb 11 | $1.105 | raised from $1.10 |
| Nov 8, 2024 | Nov 8 | Nov 14 | $1.10 | raised from $1.09 |
Ownership
Shares outstanding 53.17M · Float 19.01M · 35.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Delek US Energy, Inc. | 33.51M | 63.00% | 13D | Apr 3, 2026 |
| ALPS Advisors, Inc. | 4.58M | 8.55% | 13G | Apr 8, 2026 |
| Alerian MLP ETF | 4.46M | 8.33% | 13G | Jan 6, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 1.60M | 3.00% | 13F | May 15, 2026 |
| Invesco Ltd. | 1.52M | 2.85% | 13F | May 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Reuven Spiegel | director, officer: Executive Vice President, DKL | +1,000 | $50.00 |
| Aug 13, 2026 | Mark Wayne Hobbs | officer: EVP | +4,000 | $50.00 |
| Aug 13, 2026 | Avigal Soreq | director, officer: President | +2,500 | $50.00 |
| Aug 13, 2026 | Ezra Uzi Yemin | director, officer: Chairman | +6,000 | $50.00 |
| Aug 13, 2026 | Robert G. Wright | officer: EVP, Chief Financial Officer | +1,500 | $50.00 |
Peers
- Plains All American Pipeline
Permian crude gathering, transport and storage overlap
- NGL Energy Partners
Produced-water transport, recycling and disposal overlap
- Kinetik
Delaware Basin gathering and produced-water services overlap
- Enterprise Products Partners
Crude pipeline, storage and terminal services overlap
- Energy Transfer
Crude, gas and terminal infrastructure services overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Delek Logistics Partners | $54.79 | +0.57% | $2.91B | 19.1 | 12.9 | 2.4 | +56.2% |
| Plains All American Pipeline | $25.54 | +0.22% | $17.98B | 7.1 | 15.6 | 0.3 | +66.3% |
| NGL Energy Partners | $18.15 | +0.72% | $2.25B | — | 14.3 | 0.6 | +59.1% |
| Kinetik | $53.81 | −0.02% | $3.96B | 19.5 | 33.5 | 2.1 | +36.3% |
| Enterprise Products Partners | $39.00 | −0.04% | $84.42B | 13.5 | 12.8 | 1.4 | +60.8% |
| Energy Transfer | $21.34 | +0.12% | $73.33B | 13.2 | 12.9 | 0.7 | +78.4% |
| Median | 13.4 | 14.3 | 0.7 | +60.8% |