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

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

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 Trading Down 0.7%

DKL stock opened at $51.90 on Friday. Delek Logistics Partners has a 52-week low of $34.59 and a 52-week high of $55.89. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 130.97. The firm has a market cap of $2.78 billion, a P/E ratio of 16.80, a PEG ratio of 0.47 and a beta of 0.51. The company’s 50-day simple moving average is $49.59 and its 200-day simple moving average is $46.36.

Delek Logistics Partners Increases Dividend

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

Analysts Set New Price Targets

DKL has been the subject of a number of research reports. Weiss Ratings upgraded shares of Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Zacks Research lowered Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $45.00.

Hedge Funds Weigh In On Delek Logistics Partners

A number of hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Delek Logistics Partners by 4.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,584,902 shares of the oil and gas producer’s stock valued at $72,176,000 after purchasing an additional 61,840 shares during the period. JPMorgan Chase & Co. raised its position in Delek Logistics Partners by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 431,845 shares of the oil and gas producer’s stock worth $19,269,000 after acquiring an additional 4,879 shares during the period. Raymond James Financial Inc. grew its position in shares of Delek Logistics Partners by 11.2% in the third quarter. Raymond James Financial Inc. now owns 228,090 shares of the oil and gas producer’s stock valued at $10,387,000 after purchasing an additional 23,054 shares during the period. HRT Financial LP increased its stake in shares of Delek Logistics Partners by 278.3% during the second 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 in the last quarter. Finally, American Financial Group Inc. raised its position in shares of Delek Logistics Partners by 3.0% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 11.75% of the company’s stock.

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.