Filing Flows › Industrials › Delek Logistics Partners, LP (DKL)
Delek Logistics Partners, LP (DKL) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Delek Logistics Partners, LP (DKL) Q3 2026 earnings results →
Q3 2026 Revenue up 42% year over year to $372M · 13¢ of every $1 of revenue kept as net profit · operating margin 14.4%
Delek Logistics Partners, LP made $372M in Q3 2026 (+42% Y/Y): Gathering and Processing $204M, Wholesale Marketing and Terminalling $141M, Storage and Transportation $27.4M. Operating margin 14.4%, net earnings $47.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $372.4M in Q3 2026, up 43% year over year and down 3% from the previous quarter. Gathering and Processing was the largest line at 55% of revenue. Gathering and Processing added $71.7M year over year (up 54%), 64% of the total change.
Operating profit was $53.5M, a 14.4% margin (down 3.0 points year over year). Of the extra revenue versus Q3 2025, 7% reached operating profit, below the 17% margin then. Total costs grew 48% against revenue growth of 43%. The fastest-growing cost line was Cost of revenue (+51%). Net earnings were $47.4M, up 4% year over year. The effective tax rate was 0.9%.
Operating cash flow was $187.9M (up 242% year over year), 396% of net earnings. Non-cash charges added back $38.5M of depreciation and amortization. Working capital and other items added $102.0M. Capital expenditures of $59.1M left free cash flow of $128.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $372M | +42% | 14.4% | $47.4M | $188M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $385M | +56% | 16.1% | $28.9M | $71.2M |
| Q1 2026 | 10-Q | Apr 29, 2026 | $297M | +19% | 13.4% | $32.4M | $170M |
| Q4 2025 | 10-K | Feb 27, 2026 | $256M | +22% | 14.2% | $47.3M | $43.2M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $261M | +22% | 17.4% | $45.6M | $54.9M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $246M | -7% | 21.3% | $44.6M | $107M |
| Q1 2025 | 10-Q | May 7, 2025 | $250M | -0.9% | 19.0% | $39.0M | $31.6M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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Customers and suppliers named in filings
Sells to
About Delek Logistics Partners, LP
Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee. Through its owned assets and joint ventures located primarily in and around the Permian Basin, the Delaware Basin and other select areas in the Gulf Coast region, Delek Logistics provides gathering, pipeline and other transportation services primarily for crude oil and natural gas customers, storage, wholesale marketing and terminalling services primarily for intermediate and refined product customers, and water disposal and recycling services. Delek US Holdings, Inc. ("Delek US") owns the general partner interest as well as a majority limited partner interest in Delek Logistics, and is also a significant customer.
In its own words, from its 8-K, filed Aug 5, 2026.
Delek Logistics Partners, LP against its Pipe Lines (No Natural Gas) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +42% against the peers' median +42%. Operating margin: 14.4% against the peers' median 14.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| DKL Delek Logistics Partners, LP | Q3 2026 | $372M | +42% | 14.4% |
| PAGP Plains GP Holdings LP | Q2 2026 | $17.7B | +66% | 2.2% |
| PAA Plains All American Pipeline LP | Q3 2026 | $15.2B | +31% | 3.4% |
| ENB Enbridge | Q3 2026 | $15.1B | +44% | 10.1% |
| DINO HF Sinclair | Q3 2026 | $10.9B | +50% | 24.6% |
| MPLX Mplx LP | Q3 2026 | $3.6B | -0.4% | 40.9% |
| GEL Genesis Energy LP | Q3 2026 | $449M | +8% | 15.4% |
Source: Delek Logistics Partners, LP 10-Q on SEC EDGAR · CIK 1552797 · Pipe Lines (No Natural Gas)
Guidance and outlook
13F: who owns DKL and who is buying
More on DKL
- How Delek Logistics Partners, LP makes money: revenue by segment
- Delek Logistics Partners, LP next earnings date and what analysts expect
- Delek Logistics Partners, LP stock forecast, price target and fair value
- Who owns Delek Logistics Partners, LP stock: holders, funds and Congress trades
- Delek Logistics Partners, LP guidance and outlook
- Is Delek Logistics Partners, LP a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Delek Logistics Partners, LP guidance history: guided vs reported
- Delek Logistics Partners, LP operating margin by quarter
- Delek Logistics Partners, LP net income by quarter
- Delek Logistics Partners, LP free cash flow by quarter
- Delek Logistics Partners, LP capital expenditures by quarter
- Delek Logistics Partners, LP Gathering and Processing revenue by quarter
- Delek Logistics Partners, LP Wholesale Marketing and Terminalling revenue by quarter
- Delek Logistics Partners, LP Storage and Transportation revenue by quarter