📊 DKL Key Takeaways
Investment Thesis
Delek Logistics demonstrates solid operational profitability with 17.4% net margins and 7.7% revenue growth, supported by strong operating cash flow of $237.1M. However, significant concerns exist regarding negative free cash flow (-$30.6M), high leverage with $2.3B debt against only $10.9M cash, and thin interest coverage of 2.4x that limits financial flexibility.
DKL Strengths
- Strong net profit margin of 17.4% and operating margin of 17.9% indicating efficient operations
- Robust revenue growth of 7.7% YoY with net income acceleration of 23.7% YoY showing operational leverage
- Substantial operating cash flow of $237.1M providing cushion for debt service and distributions
- Reasonable current ratio of 1.12x maintaining basic liquidity adequacy
DKL Risks
- Negative free cash flow of -$30.6M due to capital expenditures exceeding operating cash flow, limiting dividend sustainability
- Excessive debt burden of $2.3B with minimal cash position of $10.9M creating refinancing risk
- Weak interest coverage ratio of 2.4x leaving limited margin for operational deterioration or rate increases
- Capital intensity with capex of $267.8M annually requiring sustained cash generation to service debt
- Limited financial flexibility to handle adverse conditions or strategic investments given leverage levels
Key Metrics to Watch
- Free cash flow trend and ability to achieve positive FCF while maintaining capex levels
- Debt reduction progress and debt/equity ratio given high absolute leverage
- Interest coverage ratio stability amid any operational headwinds or interest rate movements
- Operating cash flow sustainability and margin maintenance in various commodity price environments
- Capital expenditure efficiency and ROA improvement
DKL Financial Metrics
💡 AI Analyst Insight
Delek Logistics Partners, LP presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
DKL Profitability Ratios
DKL vs Energy Sector
How Delek Logistics Partners, LP compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
DKL Balance Sheet & Liquidity
DKL 5-Year Financial Trend
5-Year Trend Summary: Delek Logistics Partners, LP's revenue has grown significantly by 46% over the 5-year period, indicating strong business expansion.
DKL Growth Metrics (YoY)
DKL Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $214.1M | $107.4M | N/A |
| Q2 2025 | $246.4M | $73.7M | N/A |
| Q1 2025 | $249.9M | $32.6M | N/A |
| Q3 2024 | $214.1M | $104.1M | N/A |
| Q2 2024 | $246.9M | $69.3M | N/A |
| Q1 2024 | $243.5M | $32.6M | N/A |
| Q3 2023 | $275.8M | $104.1M | N/A |
| Q2 2023 | $246.9M | $69.3M | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
DKL Capital Allocation
DKL SEC Filings
Access official SEC EDGAR filings for Delek Logistics Partners, LP (CIK: 0001552797)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773360278.xml | View → |
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773360273.xml | View → |
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773360264.xml | View → |
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773360259.xml | View → |
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773360253.xml | View → |
❓ Frequently Asked Questions about DKL
What is the AI rating for DKL?
Delek Logistics Partners, LP (DKL) has an AI rating of HOLD with 65% confidence, based on fundamental analysis of SEC EDGAR filings.
What are DKL's key strengths?
Claude: Strong net profit margin of 17.4% and operating margin of 17.9% indicating efficient operations. Robust revenue growth of 7.7% YoY with net income acceleration of 23.7% YoY showing operational leverage.
What are the risks of investing in DKL?
Claude: Negative free cash flow of -$30.6M due to capital expenditures exceeding operating cash flow, limiting dividend sustainability. Excessive debt burden of $2.3B with minimal cash position of $10.9M creating refinancing risk.
What is DKL's revenue and growth?
Delek Logistics Partners, LP reported revenue of $1.0B.
Does DKL pay dividends?
Delek Logistics Partners, LP does not currently pay dividends.
Where can I find DKL SEC filings?
Official SEC filings for Delek Logistics Partners, LP (CIK: 0001552797) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is DKL's EPS?
Delek Logistics Partners, LP has a diluted EPS of $0.00.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.