Filing Flows › Delek Logistics Partners, LP (DKL) › Q1 2025
Delek Logistics Partners, LP (DKL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Delek Logistics Partners, LP (DKL) reported revenue of $250M for the first quarter 2025 (Q1 2025), -0.9% from a year earlier and +19% from the quarter before. Operating margin was 19.0%, net earnings $39.0M (15.6% of revenue).
Delek Logistics Partners, LP, Q1 2025: revenue $250M (-0.9% year over year), operating margin 19.0%, net earnings $39.0M, operating cash flow $31.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $250M | +19% | -0.9% |
| Operating profit | $47.6M | +25% | -26% |
| Net earnings | $39.0M | +11% | +20% |
| Operating cash flow | $31.6M | -37% | -28% |
What changed
Revenue was $249.9M in Q1 2025, down 1% year over year and up 19% from the previous quarter. Gathering and Processing was the largest line at 47% of revenue. Wholesale Marketing and Terminalling lost $12.6M year over year (down 11%), 586% of the total change.
Operating profit was $47.6M, a 19.0% margin (down 6.6 points year over year). Total costs grew 8% against a revenue fall of 1%. Net earnings were $39.0M, up 20% year over year. The effective tax rate was 0.5%.
Operating cash flow was $31.6M (down 28% year over year), 81% of net earnings. Non-cash charges added back $27.7M of depreciation and amortization. Working capital and other items used $35.2M. Capital expenditures of $55.5M exceeded it, leaving free cash flow of −$23.9M.
Questions
What was Delek Logistics Partners, LP's revenue in the first quarter 2025?
Delek Logistics Partners, LP (DKL) reported revenue of $250M for the first quarter 2025 (Q1 2025), -0.9% from a year earlier and +19% from the quarter before.
Was Delek Logistics Partners, LP profitable in the first quarter 2025?
Operating profit was $47.6M (19.0% of revenue) and net earnings $39.0M.