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

Delek Logistics Partners (NYSE:DKL) released its earnings results on Wednesday. The oil and gas producer reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.39), FiscalAI reports. The firm had revenue of $384.76 million for the quarter, compared to analysts’ expectations of $293.64 million. Delek Logistics Partners had a net margin of 16.00% and a return on equity of 1,917.10%.

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 Price Performance

Shares of DKL stock traded up $1.92 during trading hours on Thursday, hitting $59.03. The stock had a trading volume of 83,787 shares, compared to its average volume of 73,441. The company has a debt-to-equity ratio of 386.77, a current ratio of 0.96 and a quick ratio of 0.92. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 0.63 and a beta of 0.46. Delek Logistics Partners has a one year low of $41.72 and a one year high of $61.50. The stock’s 50-day moving average price is $53.47 and its two-hundred day moving average price is $52.22.

Delek Logistics Partners Increases Dividend

The company also recently announced 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 7.7%. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Monday, August 3rd. Delek Logistics Partners’s payout ratio is presently 143.67%.

Analyst Upgrades and Downgrades

DKL has been the topic of a number of recent analyst reports. Weiss Ratings cut Delek Logistics Partners from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Raymond James Financial reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Delek Logistics Partners in a research note on Thursday, April 30th. Mizuho increased their target price on Delek Logistics Partners from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Zacks Research raised Delek Logistics Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, UBS Group started coverage on Delek Logistics Partners in a research note on Thursday, July 16th. They issued a “neutral” rating and a $56.00 price target for the company. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.40.

Hedge Funds Weigh In On Delek Logistics Partners

Several institutional investors have recently added to or reduced their stakes in DKL. Jones Financial Companies Lllp raised its holdings in shares of 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 in the last quarter. Jump Financial LLC purchased a new position in shares of Delek Logistics Partners in the second quarter valued at $207,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Delek Logistics Partners by 24.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,523,062 shares of the oil and gas producer’s stock valued at $65,416,000 after purchasing an additional 298,867 shares in the last quarter. Raymond James Financial Inc. increased its position in 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 worth $8,806,000 after purchasing an additional 48,284 shares during the last quarter. Finally, Bank of America Corp DE increased its position in 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 worth $180,000 after purchasing an additional 3,868 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.