DKL · Delek Logistics Partners, LP - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.01B | $940.64M | $1.02B | $1.04B | $700.90M | $563.42M |
| Cost of Revenue | $798.15M | $696.89M | $735.45M | $787.01M | $483.75M | $356.68M |
| Gross Profit | $215.17M | $243.75M | $284.96M | $249.40M | $217.15M | $206.74M |
| R&D | - | - | - | - | - | - |
| SG&A | $28.64M | $35.94M | $24.77M | $34.18M | $22.55M | $22.59M |
| Total Operating Expenses | $166.75M | $122.02M | $115.68M | $85.44M | $58.40M | $53.85M |
| D&A | $125.60M | $96.38M | $92.38M | $62.99M | $42.77M | $35.73M |
| Operating Income | $181.84M | $202.83M | $238.95M | $209.68M | $190.50M | $179.79M |
| Interest Expense | $179.30M | $150.96M | $143.24M | $82.30M | $50.22M | $42.87M |
| Income Tax | $458.0K | $479.0K | $1.21M | $382.0K | $153.0K | $223.0K |
| Net Income | $176.46M | $142.69M | $126.24M | $159.05M | $164.82M | $159.26M |
| EPS - Basic | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.89M | $5.38M | $3.75M | $7.97M | $4.29M | $4.24M |
| Accounts Receivable | - | - | - | $53.31M | $15.38M | $15.68M |
| Inventory | $17.91M | $5.43M | $2.26M | $1.48M | $2.41M | $3.13M |
| Accounts Payable | $292.91M | $26.29M | - | $57.40M | $8.16M | $6.66M |
| Current Assets | $400.77M | $145.89M | $76.27M | $65.23M | $23.03M | $29.31M |
| Total Assets | $2.78B | $2.04B | $1.64B | $1.68B | $935.07M | $956.42M |
| Current Liabilities | $356.49M | $88.78M | $90.59M | $106.22M | $96.81M | $28.30M |
| Long-term Debt | $2.34B | $1.88B | $1.67B | $1.66B | - | - |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $237.12M | $206.34M | $225.32M | $192.17M | $275.16M | $193.02M |
| Investing Cash Flow | ($444.20M) | ($384.58M) | ($89.63M) | ($770.44M) | ($16.36M) | ($123.14M) |
| Financing Cash Flow | $212.59M | $179.87M | ($139.91M) | $581.95M | ($258.75M) | ($71.18M) |
| CapEx | $267.76M | $129.04M | $96.10M | $23.05M | $13.28M | $13.27M |
| Free Cash Flow | ($30.64M) | $77.30M | $129.22M | $169.12M | $261.88M | $179.75M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 21.2% | 25.9% | 27.9% | 24.1% | 31.0% | 36.7% |
| Operating margin | 17.9% | 21.6% | 23.4% | 20.2% | 27.2% | 31.9% |
| EBITDA margin | 30.3% | 31.8% | 32.5% | 26.3% | 33.3% | 38.3% |
| Net margin | 17.4% | 15.2% | 12.4% | 15.3% | 23.5% | 28.3% |
| Free cash flow margin | -3.0% | 8.2% | 12.7% | 16.3% | 37.4% | 31.9% |
| FCF / Net income | -0.17 | 0.54 | 1.02 | 1.06 | 1.59 | 1.13 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 2.8% | 3.8% | 2.4% | 3.3% | 3.2% | 4.0% |
| Effective tax rate | 0.3% | 0.3% | 0.9% | 0.2% | 0.1% | 0.1% |
| Return on assets | 6.3% | 7.0% | 7.7% | 9.5% | 17.6% | 16.7% |
| Return on equity | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.12 | 1.64 | 0.84 | 0.61 | 0.24 | 1.04 |
| Quick ratio | 1.07 | 1.58 | 0.82 | 0.60 | 0.21 | 0.93 |
| Cash ratio | 0.03 | 0.06 | 0.04 | 0.08 | 0.04 | 0.15 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | 0.84 | 0.92 | 1.02 | 0.99 | - | - |
| Debt / EBITDA | 7.63 | 6.27 | 5.05 | 6.09 | - | - |
| Interest coverage | 1.0x | 1.3x | 1.7x | 2.5x | 3.8x | 4.2x |
| Equity multiplier | - | - | - | - | - | - |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.36 | 0.46 | 0.62 | 0.62 | 0.75 | 0.59 |
| Inventory turnover | 44.56 | 128.41 | 324.84 | 530.69 | 201.06 | 114.06 |
| Days sales outstanding | - | - | - | 19d | 8d | 10d |
| Days inventory outstanding | 8d | 3d | 1d | 1d | 2d | 3d |
| Days payable outstanding | 134d | 14d | - | 27d | 6d | 7d |
| Cash conversion cycle | - | - | - | -7d | 4d | 7d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 7.7% | -7.8% | -1.5% | 47.9% | 24.4% | -3.5% |
| Revenue CAGR (3y) | -0.7% | 10.3% | 21.9% | 21.1% | 16.1% | 1.5% |
| Revenue CAGR (5y) | 12.5% | 10.0% | 17.9% | 14.0% | 9.4% | -0.9% |
| Gross profit growth (YoY) | -11.7% | -14.5% | 14.3% | 14.8% | 5.0% | 36.1% |
| Operating income growth (YoY) | -10.3% | -15.1% | 14.0% | 10.1% | 6.0% | 42.9% |
| Net income growth (YoY) | 23.7% | 13.0% | -20.6% | -3.5% | 3.5% | 64.6% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | -40.2% | -23.6% | -35.4% | 45.7% | 48.1% |
| FCF CAGR (5y) | - | -8.6% | -0.9% | 19.5% | 24.0% | 30.2% |
| Book value growth (YoY) | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.01B totalGathering And Processing$498.10M · 49.2%
Wholesale Marketing And Terminalling$417.63M · 41.2%
Storage And Transportation$97.59M · 9.6%
Product / service
$346.01M totalProduct Revenue Third Party$251.51M · 72.7%
Service Revenue Third Party$76.26M · 22.0%
Service Revenue Affiliate$13.10M · 3.8%
Product Revenue Affiliate$5.14M · 1.5%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Pipe Lines (No Natural Gas)
Comparing Delek Logistics Partners against the 5 most active filers in the same SIC group.
Dividends
$4.49/share trailing 12 months · +1.9% YoY
| Ex-date | Per share |
|---|---|
| May 4, 2026 | $1.1300 |
| Feb 5, 2026 | $1.1250 |
| Nov 7, 2025 | $1.1200 |
| Aug 8, 2025 | $1.1150 |
| May 8, 2025 | $1.1100 |
| Feb 4, 2025 | $1.1050 |
| Nov 8, 2024 | $1.1000 |
| Aug 9, 2024 | $1.0900 |
| May 7, 2024 | $1.0700 |
| Feb 2, 2024 | $1.0550 |
| Nov 3, 2023 | $1.0450 |
| Aug 4, 2023 | $1.0350 |
| May 5, 2023 | $1.0250 |
| Feb 1, 2023 | $1.0200 |
| Nov 3, 2022 | $0.9900 |
| Aug 3, 2022 | $0.9850 |
| May 4, 2022 | $0.9800 |
| Jan 31, 2022 | $0.9750 |
| Nov 4, 2021 | $0.9500 |
| Aug 4, 2021 | $0.9400 |
| May 7, 2021 | $0.9200 |
| Feb 1, 2021 | $0.9100 |
| Nov 5, 2020 | $0.9050 |
| Aug 6, 2020 | $0.9000 |