Delek Logistics Partners (NYSE:DKL) Posts Quarterly Earnings Results, Misses Estimates By $0.35 EPS

29 Apr 2026, 16:06 by Scott Moore · The Cerbat Gem

Delek Logistics Partners (NYSE:DKL – Get Free Report) released its quarterly earnings data on Wednesday. The oil and gas producer reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.35), Zacks reports. Delek Logistics Partners had a return on equity of 461.30% and a net margin of 17.41%.

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

DKL reaffirmed full-year 2026 Adjusted EBITDA guidance of $520M–$560M after reporting Q1 Adjusted EBITDA of ~$132M and DCF coverage of ~1.2x, citing strong execution and favorable macro tailwinds.
Management completed drilling its first AGI well and is finishing sour-gas gathering infrastructure (compressor stations), expecting a utilization ramp in the next 3–6 months and potential need for additional processing capacity.
The produced-water business is performing above expectations following the Gravity and H2O Midstream acquisitions, and the company is pursuing platform-style gathering, treatment and disposal solutions to capture growing demand.
The board approved the 53rd consecutive quarterly distribution increase, raising the distribution to $1.13 per unit, underscoring the firm’s commitment to returning capital to unitholders.
While liquidity was increased by upsizing the revolver to $1.3B (available liquidity ~ $1.1B), the partnership exited the quarter with an adjusted leverage ratio of 4.05x, which may limit flexibility or raise investor concern about leverage levels.

Delek Logistics Partners Trading Up 3.5%

DKL traded up $1.78 during trading on Wednesday, hitting $52.64. 57,294 shares of the stock were exchanged, compared to its average volume of 65,890. Delek Logistics Partners has a 1 year low of $37.50 and a 1 year high of $55.89. The company has a debt-to-equity ratio of 386.77, a quick ratio of 1.07 and a current ratio of 1.12. The firm has a 50 day simple moving average of $51.77 and a 200 day simple moving average of $48.53. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 0.55 and a beta of 0.54.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Monday, May 4th will be issued a $1.13 dividend. The ex-dividend date is Monday, May 4th. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.13. This represents a $4.52 dividend on an annualized basis and a dividend yield of 8.6%. Delek Logistics Partners’s dividend payout ratio (DPR) is presently 137.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DKL shares. Mizuho boosted their price target on Delek Logistics Partners from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Truist Financial initiated coverage on shares of Delek Logistics Partners in a research note on Tuesday, March 24th. They issued a “hold” rating and a $57.00 price target on the stock. Raymond James Financial restated an “outperform” rating and set a $55.00 price target on shares of Delek Logistics Partners in a report on Thursday, March 5th. Zacks Research cut shares of Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Finally, Citigroup reaffirmed a “neutral” rating and set a $52.00 price target (up from $47.00) on shares of Delek Logistics Partners in a research note on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Delek Logistics Partners presently has an average rating of “Hold” and an average target price of $54.00.

Get Our Latest Stock Report on Delek Logistics Partners

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DKL. BNP Paribas Financial Markets purchased a new stake in shares of Delek Logistics Partners in the 2nd quarter worth approximately $50,000. Jones Financial Companies Lllp grew its position in shares of Delek Logistics Partners by 303.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 910 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Delek Logistics Partners by 245.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer’s stock worth $115,000 after buying an additional 1,910 shares during the last quarter. Bank of America Corp DE lifted its position in Delek Logistics Partners by 1,186.5% during the second quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock valued at $180,000 after acquiring an additional 3,868 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Delek Logistics Partners during the second quarter worth $207,000. 11.75% of the stock is currently owned by institutional investors.

About Delek Logistics Partners

(Get Free Report)

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.