Delek Logistics Partners (NYSE:DKL) Issues Quarterly Earnings Results, Misses Expectations By $0.38 EPS

Delek Logistics Partners (NYSE:DKL) posted its earnings results on Friday. The oil and gas producer reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.38), Zacks reports. The business had revenue of $255.77 million for the quarter, compared to the consensus estimate of $283.64 million. Delek Logistics Partners had a return on equity of 360.64% and a net margin of 17.00%.

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

• Delek Logistics reported a record Adjusted EBITDA of $536 million for 2025 and a fourth-quarter record Adjusted EBITDA of $142 million, finishing the year with about $940 million of available liquidity and an adjusted DCF coverage ratio of ~1.22x.
• Management set 2026 EBITDA guidance of $520–$560 million and the board approved the 52nd consecutive quarterly distribution increase to $1.125 per unit, signaling continued capital returns and financial discipline.
• The Libby complex was expanded to ~160 MMscf/d and sour‑gas conversion work (AGI well and sour gathering) is underway, but ramp‑up has been slower than initial expectations, creating execution risk until utilization steps up later this year.
• The partnership has materially increased its third‑party exposure (roughly 80–82% of run‑rate EBITDA expected from third parties in 2026) and completed integration of H2O and Gravity, enlarging its produced‑water footprint and strengthening crude+water service offerings as growth engines.

Delek Logistics Partners Stock Down 0.7%

Delek Logistics Partners stock traded down $0.39 during mid-day trading on Friday, reaching $51.90. The stock had a trading volume of 84,751 shares, compared to its average volume of 70,942. The stock’s 50-day simple moving average is $49.44 and its 200-day simple moving average is $46.29. Delek Logistics Partners has a fifty-two week low of $34.59 and a fifty-two week high of $55.89. The company has a debt-to-equity ratio of 130.97, a quick ratio of 0.98 and a current ratio of 1.03. The firm has a market capitalization of $2.78 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 0.47 and a beta of 0.51.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a $1.125 dividend. The ex-dividend date was Thursday, February 5th. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $1.12. This represents a $4.50 annualized dividend and a yield of 8.7%. Delek Logistics Partners’s dividend payout ratio is currently 145.63%.

Analyst Ratings Changes

Several brokerages have commented on DKL. Zacks Research downgraded Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Weiss Ratings upgraded Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.00.

Institutional Trading of Delek Logistics Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DKL. Jones Financial Companies Lllp boosted its holdings in Delek Logistics Partners by 303.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock worth $52,000 after acquiring an additional 910 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Delek Logistics Partners during the 2nd quarter worth approximately $207,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Delek Logistics Partners by 24.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,523,062 shares of the oil and gas producer’s stock worth $65,416,000 after acquiring an additional 298,867 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Delek Logistics Partners by 30.8% in the second quarter. Raymond James Financial Inc. now owns 205,036 shares of the oil and gas producer’s stock valued at $8,806,000 after purchasing an additional 48,284 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Delek Logistics Partners by 1,186.5% in the second quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock valued at $180,000 after purchasing an additional 3,868 shares in the last quarter. 11.75% of the stock is owned by institutional investors.

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.