Delek Logistics Partners (NYSE:DKL) Posts Quarterly Earnings Results, Misses Expectations By $0.39 EPS

Delek Logistics Partners (NYSE:DKL) issued its earnings results on Wednesday. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.39), FiscalAI reports. The company had revenue of $384.76 million for the quarter, compared to analysts’ expectations of $293.64 million. Delek Logistics Partners had a net margin of 16.00% and a return on equity of 1,917.10%.

Here are the key takeaways from Delek Logistics Partners’ conference call:

• Record quarterly performance: Adjusted EBITDA reached approximately $144 million, up from $127 million a year ago, while full-year 2026 guidance of $520 million–$560 million was reaffirmed. Distributable cash flow coverage remained solid at 1.33x.
• Strong operating momentum across the Permian: Delaware crude gathering volumes reached a record 157,000 barrels per day, produced-water volumes rose to more than 687,000 barrels per day, and gas volumes increased to over 80 MMcf per day. Management expects a further step-up as the Libby sour-gas solution comes online later this year.
• Growth investments are nearing completion: The company is advancing its Libby Gas Complex, first AGI well, sour-gas gathering infrastructure, and compression capacity, with approximately $180 million–$190 million of 2026 growth capital expected to generate up to $75 million of run-rate EBITDA.
• Capital returns and liquidity remained favorable: DKL approved its 54th consecutive distribution increase, raising the quarterly payout to $1.135 per unit, while refinancing activities lowered debt costs and extended maturities. Liquidity was approximately $1.1 billion.
• Some financial pressure remains: Leverage increased modestly to 4.23x due to growth spending, above management’s long-term 3.5x target, and wholesale marketing and terminaling EBITDA fell to approximately $13 million from $23 million a year earlier.

Delek Logistics Partners Stock Down 2.9%

DKL stock traded down $1.67 during trading on Wednesday, hitting $56.41. 109,667 shares of the company’s stock traded hands, compared to its average volume of 73,263. The firm has a market capitalization of $3.00 billion, a P/E ratio of 17.85, a PEG ratio of 0.63 and a beta of 0.46. Delek Logistics Partners has a 1 year low of $41.72 and a 1 year high of $61.50. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 386.77. The business has a fifty day simple moving average of $53.35 and a two-hundred day simple moving average of $52.17.

Delek Logistics Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be issued a dividend of $1.135 per share. The ex-dividend date of this dividend is Monday, August 3rd. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.13. This represents a $4.54 annualized dividend and a yield of 8.0%. Delek Logistics Partners’s dividend payout ratio is 143.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DKL. HRT Financial LP lifted its stake in shares of Delek Logistics Partners by 278.3% during the 2nd quarter. HRT Financial LP now owns 74,704 shares of the oil and gas producer’s stock worth $3,208,000 after purchasing an additional 54,959 shares during the last quarter. American Financial Group Inc. raised its holdings in Delek Logistics Partners by 3.0% in the fourth quarter. American Financial Group Inc. now owns 17,000 shares of the oil and gas producer’s stock worth $759,000 after purchasing an additional 500 shares in the last quarter. Private Advisor Group LLC raised its holdings in Delek Logistics Partners by 8.0% in the third quarter. Private Advisor Group LLC now owns 13,537 shares of the oil and gas producer’s stock worth $616,000 after purchasing an additional 1,000 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Delek Logistics Partners by 31.7% during the fourth quarter. Wells Fargo & Company MN now owns 13,523 shares of the oil and gas producer’s stock valued at $603,000 after buying an additional 3,257 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Delek Logistics Partners during the third quarter valued at about $507,000. 11.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DKL has been the subject of several research reports. Raymond James Financial reissued an “outperform” rating and issued a $60.00 price objective on shares of Delek Logistics Partners in a research report on Thursday, April 30th. Zacks Research upgraded Delek Logistics Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Mizuho increased their price objective on Delek Logistics Partners from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. UBS Group started coverage on Delek Logistics Partners in a report on Thursday, July 16th. They issued a “neutral” rating and a $56.00 target price for the company. Finally, Weiss Ratings downgraded Delek Logistics Partners from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Delek Logistics Partners currently has an average rating of “Hold” and a consensus target price of $55.40.

Delek Logistics Partners Company Profile

Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.

The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.