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

Delek Logistics Partners (NYSE:DKL) announced its quarterly earnings results on Wednesday. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.39), FiscalAI reports. Delek Logistics Partners had a net margin of 12.85% and a return on equity of 13,464.17%. The firm had revenue of $384.76 million during the quarter, compared to analyst estimates of $293.64 million.

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 3.3%

Shares of NYSE DKL traded down $1.95 during trading hours on Friday, hitting $56.95. The company had a trading volume of 55,474 shares, compared to its average volume of 73,488. The stock has a market capitalization of $3.03 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 0.62 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 firm’s 50 day moving average is $53.63 and its 200-day moving average is $52.30. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 386.77.

Delek Logistics Partners Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research upgraded Delek Logistics Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Mizuho boosted their price objective on shares of Delek Logistics Partners from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. UBS Group initiated coverage on shares of Delek Logistics Partners in a research note on Thursday, July 16th. They set a “neutral” rating and a $56.00 price target for the company. Weiss Ratings downgraded shares of Delek Logistics Partners from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Finally, 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. 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, the company presently has an average rating of “Hold” and a consensus target price of $55.40.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DKL. BNP Paribas Financial Markets acquired a new position in shares of Delek Logistics Partners during the 2nd quarter worth approximately $50,000. Jones Financial Companies Lllp lifted its position in Delek Logistics Partners by 303.3% during the first 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. Osaic Holdings Inc. boosted its holdings in shares of Delek Logistics Partners by 245.8% during the second quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer’s stock worth $115,000 after acquiring an additional 1,910 shares during the period. Bank of America Corp DE boosted its holdings in shares of Delek Logistics Partners by 1,186.5% during the second quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock worth $180,000 after acquiring an additional 3,868 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Delek Logistics Partners in the second quarter valued at approximately $207,000. 11.75% of the stock is currently owned by institutional investors and hedge funds.

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.