Delek Logistics Partners (NYSE:DKL) Issues Quarterly Earnings Results

Delek Logistics Partners (NYSE:DKL) announced its quarterly earnings data on Wednesday. The oil and gas producer reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.20), Zacks reports. The company had revenue of $297.47 million for the quarter, compared to analyst estimates of $239.87 million. Delek Logistics Partners had a return on equity of 916.45% and a net margin of 16.00%.

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 1.4%

Shares of Delek Logistics Partners stock traded up $0.74 during trading on Friday, hitting $53.87. The stock had a trading volume of 106,883 shares, compared to its average volume of 66,901. The stock has a 50 day simple moving average of $51.72 and a 200 day simple moving average of $48.59. The company has a market capitalization of $2.88 billion, a PE ratio of 17.05, a P/E/G ratio of 0.58 and a beta of 0.54. The company has a quick ratio of 1.07, a current ratio of 1.12 and a debt-to-equity ratio of 386.77. Delek Logistics Partners has a 1 year low of $37.50 and a 1 year high of $55.89.

Delek Logistics Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, May 4th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 8.4%. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Monday, May 4th. Delek Logistics Partners’s payout ratio is 136.78%.

Institutional Trading of Delek Logistics Partners

Several large investors have recently added to or reduced their stakes in DKL. BNP Paribas Financial Markets bought a new stake in Delek Logistics Partners in the second quarter worth approximately $50,000. Jones Financial Companies Lllp grew its position in Delek Logistics Partners by 303.3% in the first 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. Osaic Holdings Inc. grew its position in Delek Logistics Partners by 245.8% in the second quarter. Osaic Holdings Inc. now owns 2,687 shares of the oil and gas producer’s stock worth $115,000 after acquiring an additional 1,910 shares in the last quarter. Bank of America Corp DE grew 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 acquiring an additional 3,868 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Delek Logistics Partners in the second quarter worth approximately $207,000. 11.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DKL. Mizuho raised their price objective on shares of 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 began coverage on shares of Delek Logistics Partners in a report on Tuesday, March 24th. They set a “hold” rating and a $57.00 price objective for the company. Citigroup reaffirmed a “neutral” rating and issued a $52.00 price target (up from $47.00) on shares of Delek Logistics Partners in a report on Friday, March 6th. Raymond James Financial reiterated an “outperform” rating and set a $60.00 price objective on shares of Delek Logistics Partners in a research note on Thursday. Finally, Zacks Research lowered shares of Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $55.25.

About Delek Logistics Partners

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.