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

Delek Logistics Partners (NYSE:DKL) issued its 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 analyst estimates 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 Stock Performance

Shares of DKL stock traded up $0.75 on Friday, reaching $51.99. 141,488 shares of the company’s stock traded hands, compared to its average volume of 79,634. The company has a market capitalization of $2.97 billion, a P/E ratio of 18.11 and a beta of 0.43. Delek Logistics Partners has a 12-month low of $42.82 and a 12-month high of $61.50. The business’s 50 day moving average price is $55.63 and its two-hundred day moving average price is $53.41.

Delek Logistics Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Tuesday, November 3rd will be issued a dividend of $1.14 per share. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.1350. This represents a $4.56 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Tuesday, November 3rd. Delek Logistics Partners’s dividend payout ratio is presently 158.19%.

Insider Transactions at Delek Logistics Partners

In related news, President Avigal Soreq acquired 2,500 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of $50.00 per share, with a total value of $125,000.00. Following the completion of the transaction, the president owned 84,782 shares of the company’s stock, valued at approximately $4,239,100. This trade represents a 3.04% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Reuven Spiegel acquired 1,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average cost of $50.00 per share, for a total transaction of $50,000.00. Following the completion of the transaction, the executive vice president directly owned 29,549 shares of the company’s stock, 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. In the last 90 days, insiders bought 15,000 shares of company stock worth $750,000. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DKL. Weiss Ratings upgraded Delek Logistics Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 2nd. UBS Group boosted their price objective on Delek Logistics Partners from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, September 21st. Finally, Zacks Research downgraded Delek Logistics Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 22nd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.60.

About Delek Logistics Partners

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.