Delek Logistics Partners (NYSE:DKL) Issues Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Delek Logistics Partners (NYSE:DKL) issued its earnings results on Friday. The oil and gas producer reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.12), FiscalAI reports. Delek Logistics Partners had a negative return on equity of 935.80% and a net margin of 12.85%. The business had revenue of $372.44 million during the quarter, compared to the consensus estimate of $355.44 million.

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

• Delek Logistics raised its 2026 Adjusted EBITDA guidance to $530 million-$560 million, citing continued strong performance across its segments.
• The $180 million-$190 million 2026 growth-capital program is expected to generate up to $15 million of run-rate EBITDA in 2026 and an additional $60 million in 2027.
• The company completed construction of its first sour-gas compressor station and is commissioning the associated AGI well at Libby; management expects a substantial gas-volume increase as the system comes online and is evaluating further capacity expansion.
• Quarterly Adjusted EBITDA was approximately $143 million, while distributable cash flow was $73 million and coverage was 1.11x. The partnership also approved its 55th consecutive distribution increase, to $1.14 per unit.
• A $220 million equity offering and debt refinancing strengthened the balance sheet, with quarter-end leverage at 3.85x and liquidity of about $1.3 billion; the offering also reduced Delek’s ownership to approximately 58%.

Delek Logistics Partners Trading Up 1.5%

Delek Logistics Partners stock traded up $0.75 during midday trading on Friday, reaching $51.99. The stock had a trading volume of 141,488 shares, compared to its average volume of 79,634. Delek Logistics Partners has a 12 month low of $42.82 and a 12 month high of $61.50. The company has a market capitalization of $2.97 billion, a P/E ratio of 18.11 and a beta of 0.43. The company has a fifty day moving average price of $55.63 and a two-hundred day moving average price of $53.41.

Delek Logistics Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Tuesday, November 3rd will be paid a $1.14 dividend. The ex-dividend date is Tuesday, November 3rd. This represents a $4.56 annualized dividend and a dividend yield of 8.8%. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.1350. Delek Logistics Partners’s dividend payout ratio (DPR) is 158.19%.

Insider Buying and Selling at Delek Logistics Partners

In other news, Chairman Ezra Yemin acquired 6,000 shares of Delek Logistics Partners stock in a transaction on Thursday, August 13th. The stock was purchased at an average price of $50.00 per share, with a total value of $300,000.00. Following the completion of the purchase, the chairman owned 168,217 shares of the company’s stock, valued at approximately $8,410,850. The trade was a 3.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Avigal Soreq acquired 2,500 shares of Delek Logistics Partners stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $50.00 per share, with a total value of $125,000.00. Following the purchase, the president directly owned 84,782 shares of the company’s stock, valued at approximately $4,239,100. This trade represents a 3.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 15,000 shares of company stock worth $750,000 in the last quarter. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DKL shares. UBS Group increased their price target on Delek Logistics Partners from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, September 21st. Weiss Ratings upgraded shares of Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 2nd. Finally, Zacks Research downgraded shares of Delek Logistics Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $55.60.

Delek Logistics Partners Company Profile

Delek Logistics Partners, L.P. (NYSE: DKL) is a master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, refined products and other hydrocarbons. The partnership is sponsored by Delek US Holdings, Inc, an independent refiner and marketer of petroleum products.

Delek Logistics’ operations include crude oil gathering, transportation and storage; refined products transportation and terminalling; wholesale marketing; rail and truck services; and other logistics activities.