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

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

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%

DKL stock opened at $51.99 on Friday. The firm has a market cap of $2.97 billion, a PE ratio of 18.11 and a beta of 0.43. Delek Logistics Partners has a 1 year low of $42.82 and a 1 year high of $61.50. The company has a fifty day simple moving average of $55.63 and a 200 day simple moving average of $53.41.

Delek Logistics Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Tuesday, November 3rd will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Tuesday, November 3rd. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.1350. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 158.89%.

Analyst Upgrades and Downgrades

DKL has been the topic of several research reports. 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. 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. Finally, UBS Group lifted their target price on shares of Delek Logistics Partners from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Delek Logistics Partners has a consensus rating of “Hold” and an average target price of $55.60.

Insider Activity

In related news, EVP Robert G. Wright purchased 1,500 shares of Delek Logistics Partners stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $50.00 per share, with a total value of $75,000.00. Following the completion of the transaction, the executive vice president directly owned 7,994 shares of the company’s stock, valued at approximately $399,700. This represents a 23.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Reuven Spiegel purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of $50.00 per share, with a total value of $50,000.00. Following the purchase, the executive vice president owned 29,549 shares in the company, valued at $1,477,450. This represents a 3.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 15,000 shares of company stock valued at $750,000. Corporate insiders own 1.00% of the company’s stock.

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.