Delek Logistics Partners, LP (DKL) Stock Price & Analysis
Delek Logistics Partners, LP (DKL) closed at USD 56.91 on Thursday, October 22, 2026, up 0.25% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 56.77; the Oct 22, 2026 session ranged USD 56.61–57.24 on volume of 44,936 shares. Market capitalization is $3.29B, with a 52-week range of USD 42.82–61.5 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:48 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DKL.md
Key facts (DKL)
- Last four reported quarters (through Jun 30, 2026): revenue $1.20B, net income $154M (12.8% margin), free cash flow $134M (SEC filings).
- Valuation: P/E 21.3x, EV/EBITDA 17.2x, net debt $2.36B.
- Insider open-market purchases, last ~7 months: 5 Form 4 filings, $750K; 1 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (6 analysts), mean target USD 53.33 (range 36–62).
- Total return with dividends: 1Y +37.5% vs S&P 500 +14.9%; 5Y +79.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-06, EPS estimate USD 1.04, revenue estimate $355M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DKL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $701M | $1.04B | $1.02B | $941M | $1.01B | $1.20B |
| Gross profit | $216M | $249M | $285M | $244M | $215M | — |
| Operating income | $191M | $210M | $239M | $203M | $182M | $184M |
| Net income | $165M | $159M | $126M | $143M | $176M | $154M |
| Free cash flow | $252M | $51.1M | $129M | $77.3M | -$30.6M | $134M |
| Gross margin | 30.8% | 24.1% | 27.9% | 25.9% | 21.2% | — |
| Operating margin | 27.2% | 20.2% | 23.4% | 21.6% | 17.9% | 15.3% |
| Net margin | 23.5% | 15.3% | 12.4% | 15.2% | 17.4% | 12.8% |
| Revenue growth | +24.4% | +47.9% | -1.5% | -7.8% | +7.7% | — |
| Cash + short-term investments | $4.3M | $8.0M | $3.8M | $5.4M | $10.9M | — |
| Total debt | $899M | $1.66B | $1.70B | $1.88B | $2.34B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (DKL)
P/E 21.3x · P/S 2.7x · EV/EBITDA 17.2x · EV/Sales 4.7x · P/FCF 24.6x · FCF yield 4.07% · Earnings yield 4.68% · Buyback yield (TTM) 0.00% · Net debt $2.36B · EV $5.65B
Insider purchases (SEC Form 4, open-market, last ~7 months) (DKL)
5 purchases, $750K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-13 | Soreq Avigal | President | 2,500 | $125K | 50 | Too little history (no open-market trades in 2025) |
| 2026-08-13 | Hobbs Mark Wayne | EVP | 4,000 | $200K | 50 | Too little history (no open-market trades in 2023–2025) |
| 2026-08-13 | Spiegel Reuven | Executive Vice President, DKL | 1,000 | $50K | 50 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-13 | Wright Robert G. | EVP, Chief Financial Officer | 1,500 | $75K | 50 | Too little history (no open-market trades in 2023–2025) |
| 2026-08-13 | Yemin Ezra Uzi | Chairman | 6,000 | $300K | 50 | Too little history (no open-market trades in 2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (DKL)
Consensus Hold (mean 3.00 on a 1–5 scale), 6 analysts; mean target USD 53.33 (low 36, high 62).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-21 | UBS | Target raised | Neutral | $55 → $57 |
| 2026-07-17 | UBS | Initiated | Neutral | $56 |
Total return (dividends reinvested) (DKL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +37.5% | +79.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +37.7% | +12.4% |
| Volatility (annualized) | 30.2% | 32.3% |
| Max drawdown | -12.8% (Aug 2026→Aug 2026) | -30.7% (Aug 2022→Aug 2023) |
DKL revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Gathering and Processing | $195.1M | 50.7% | +65.7% |
| Wholesale Marketing and Terminalling | $162.7M | 42.3% | +55.5% |
| Storage and Transportation | $26.9M | 7.0% | +12.2% |
| Total revenue | $384.8M | 100% | — |
DKL revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Product Revenue - Third Party | $110.3M | 28.7% | +89.6% |
| Service Revenue - Third Party | $21.7M | 5.6% | +5.9% |
| Service Revenue - Affiliate | $3.3M | 0.8% | +114.3% |
| Product Revenue - Affiliate | $2.2M | 0.6% | +228.8% |
| Total revenue | $384.8M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DKL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | H2O Midstream | “By acquiring Gravity and H2O Midstream, we increased third-party revenue streams, diversified our customer and product mix, and expanded our footprint in the Midland and Bakken basins, aligning with our strategic growth objectives.” |
| Partner | Delek US Holdings, Inc. (DK) | “Unless otherwise noted or the context requires otherwise, references in this report to "Delek Holdings" refers collectively to Delek US Holdings, Inc. and any of its subsidiaries, other than the Partnership and its subsidiaries and its general partner.” |
| Partner | W2W Holdings | “W2W Holdings includes our 15.6% indirect interest in the Wink to Webster Pipeline, LLC joint venture ("Wink to Webster"), and related joint venture indebtedness.” |
| Partner | Amended and Restated Agreement of | “The taxable income reportable to each partner takes into account differences between the tax basis and the fair market value of our assets and financial reporting bases of assets and liabilities, the acquisition price of the partner's units and the taxable income allocation requirements under the Partnership's Second Amended and Restated Agreement of Limited Partnership, as amended (the "Partnership Agreement").” |
| Partner | Delaware Revised Uniform | “Under Section 17-607 of the Delaware Revised Uniform Limited Partnership Act, we may not make a distribution to our unitholders if the distribution would cause our liabilities to exceed the fair value of our assets.” |
| Partner | Yemin Investments | “(7) 162,217 of our units and 679,656 shares of Delek US Holdings, Inc. Common Stock are held of record by Yemin Investments, L.P., a limited partnership of which Mr. Yemin is the sole general partner.” |
| Partner | Red River Pipeline Company | “We did not audit the 2024 and 2023 financial statements of Red River Pipeline Company LLC, an entity in which the Partnership has a 33% interest.” |
| Partner | Webster Pipeline | “W2W Holdings includes our 15.6% indirect interest in the Wink to Webster Pipeline, LLC joint venture ("Wink to Webster"), and related joint venture indebtedness.” |
| Partner | PLAINS ALL AMERICAN PIPELINE LP (PAA) | “Additionally, we have two pipeline joint ventures, in which we own a 50% membership interest in the entity formed with an affiliate of Plains All American Pipeline, L.P. ("CP LLC") to operate one of these pipeline systems and a 33% membership interest in the entity formed with Andeavor Logistics RIO Pipeline LLC ("Andeavor Logistics") to operate the other pipeline system.” |
Quoted from the company's 10-K filed Feb 27, 2026.
DKL customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 49.3% of revenue, per the company's 10-K filed Feb 27, 2026. The company does not name it.
DKL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.04 | $0.93 | +12.0% | $355.4M | 6 |
| Next quarter (ends Dec 2026) | $0.97 | $0.89 | +8.5% | $358.3M | 5 |
| Current fiscal year (ends Dec 2026) | $3.49 | $3.33 | +4.7% | $1.40B | 6 |
| Next fiscal year (ends Dec 2027) | $4.43 | $3.77 | +17.7% | $1.43B | 5 |
DKL options: expected move
Options price a move of about ±6.5% (±$3.73) by Nov 20, 2026, which includes earnings on Nov 6, 2026. Over the last 8 reports the stock moved ±2.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 25.9% | ±6.5% |
| Dec 18, 2026 | 56 | 29.9% | ±9.4% |
| Feb 19, 2027 | 119 | 24.4% | ±11.4% |
| May 21, 2027 | 210 | 28.4% | ±17.0% |
30-day implied volatility 26.6% vs 22.7% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:48 UTC)
| Price | USD 56.91 |
|---|---|
| Change | ▲ 0.25% (up) |
| Previous Close | USD 56.77 |
| Open | USD 56.76 |
| Day Range | USD 56.61 – 57.24 |
| 52-Week Range | USD 42.82 – 61.5 |
| Volume | 44,936 shares |
| Market Cap | $3.29B |
| Exchange | NYQ |
Technical Analysis (DKL)
Nexqual's technical model rates DKL "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 09:48 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 55.76 (neutral) |
| vs SMA50 | Above (USD 55.39) |
| MACD | 0.41 (positive) |
Analyst Ratings (DKL)
Wall Street analysts rate DKL "Hold" based on 6 analysts, with a mean price target of USD 53.33 (range USD 36–62), per Nexqual as of October 23, 2026 at 09:48 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 53.33 |
| High Target | USD 62 |
| Low Target | USD 36 |
| Buy / Hold / Sell | 1 / 4 / 1 |
Earnings (DKL)
| Next Earnings Date | 2026-11-06 |
|---|---|
| Revenue Estimate | $355.44M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.54 vs est 0.93 ▼ miss |
| 2025-09-30 | USD 0.85 vs est 1.04 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financials & Fundamentals (DKL)
| Total Revenue | $1.20B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +56.20% |
| Gross Margin | +29.42% |
| Operating Margin | +16.09% |
| Profit Margin | +12.85% |
| Current Ratio | 0.96 |
| Total Cash | $13.71M |
| Total Debt | $2.41B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $133.84M (11.2% of revenue) |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financial Health Score (DKL)
Nexqual rates Delek Logistics Partners, LP's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:48 UTC.
| Growth | Solid — Revenue +8% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 29%, operating 16% (last 12 months) |
| Balance Sheet | Mixed — $14M cash and investments vs $2.37B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $134M (last 4 quarters to Jun 2026, SEC), 11% margin |
| Efficiency | Mixed — No data |
Ownership (DKL)
| Insider Ownership | +58.86% |
|---|---|
| Institutional Ownership | +23.23% |
| Shares Outstanding | 57.80M |
| Float | 21.83M |
| Short % of Float | +1.73% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Leadership (DKL)
Delek Logistics Partners, LP is led by Avigal Soreq, President, CEO & Chairman of Delek Logistics GP, LLC, per Nexqual as of October 23, 2026 at 09:48 UTC.
| President, CEO & Chairman of Delek Logistics GP, LLC | Avigal Soreq |
|---|---|
| Executive VP & Chief Financial Officer of Delek Logistics | Robert Wright |
| Executive Vice President of Operations | Joseph Israel |
| Executive VP of Special Projects & Director of Delek Logistics GP, LLC | Reuven Avraham Spiegel |
| Executive Vice President of Delek Logistics | Mark Hobbs |
Major Backers & Investors (DKL)
Notable institutional backers of Delek Logistics Partners, LP include ALPS ETF TRUST-ALERIAN MLP ETF, Alps Advisors Inc., GLOBAL X FUNDS-Global X MLP ETF, according to Nexqual as of October 23, 2026 at 09:48 UTC.
Active Investors
| Investor | Stake |
|---|---|
| ALPS ETF TRUST-ALERIAN MLP ETF | 7.97% |
| Alps Advisors Inc. | 7.59% |
| GLOBAL X FUNDS-Global X MLP ETF | 3.1% |
| Mirae Asset Global ETFs Holdings Ltd. | 2.82% |
| AIM Investment Fd.s -Invesco SteelPath MLP Income Fd. | 2.62% |
| Invesco | 2.62% |
| Morgan Stanley | 0.91% |
| ClearBridge Investments, LLC | 0.85% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Legal & Regulatory Risks from Delek Logistics Partners, LP's Latest 10-K (filed 2026-02-27)
- The expansion of existing assets and construction of new assets, including through joint venture investments, may not result in revenue increases and will be subject to regulatory, environmental, political, legal, economic and other risks, which could adversely affect our financial condition, results of operations, cash flows, ability to service our indebtedness and ability to make distributions to unitholders.
- We could incur substantial costs or disruptions in our business if we cannot obtain or maintain, or otherwise fail to maintain, necessary permits and authorizations or otherwise comply with health, safety, environmental and other laws and regulations.
- Climate change legislation or regulations restricting emissions of greenhouse gases could result in increased operating and capital costs and reduced demand for our products and services.
- Our operations are subject to federal and state laws and regulations relating to product quality specifications, and we could be subject to damages based on claims brought against us by our customers or lose customers as a result of the failure of products we distribute to meet certain quality specifications.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PARR | Par Pacific Holdings, Inc. Comm | USD 80.18 | ▼ 5.34% |
| IEP | Icahn Enterprises L.P. - Deposi | USD 6.13 | ▼ 0.33% |
| DK | Delek US Holdings, Inc. | USD 75.79 | ▼ 3.11% |
| WKC | World Kinect Corporation | USD 36.5 | ▲ 0.52% |
| CVI | CVR Energy Inc. | USD 58.63 | ▼ 3.46% |
| UGP | Ultrapar Participacoes S.A. (Ne | USD 7.8 | ▼ 2.13% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:48 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt