Filing Flows › Delek Logistics Partners, LP (DKL) › Q1 2026
Delek Logistics Partners, LP (DKL) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Delek Logistics Partners, LP (DKL) reported revenue of $297M for the first quarter 2026 (Q1 2026), +19% from a year earlier and +16% from the quarter before. Operating margin was 13.4%, net earnings $32.4M (10.9% of revenue).
Delek Logistics Partners, LP, Q1 2026: revenue $297M (+19% year over year), operating margin 13.4%, net earnings $32.4M, operating cash flow $170M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $297M | +16% | +19% |
| Operating profit | $40.0M | +10% | -16% |
| Net earnings | $32.4M | -32% | -17% |
| Operating cash flow | $170M | +294% | +440% |
| Free cash flow | $122M | +868% | — |
What changed
Revenue was $297.5M in Q1 2026, up 19% year over year and up 16% from the previous quarter. Gathering and Processing was the largest line at 52% of revenue. Gathering and Processing added $36.1M year over year (up 30%), 76% of the total change.
Operating profit was $40.0M, a 13.4% margin (down 5.6 points year over year). Operating profit fell $7.6M even though revenue rose $47.5M versus Q1 2025, so costs grew faster than sales. Total costs grew 27% against revenue growth of 19%. Net earnings were $32.4M, down 17% year over year. The effective tax rate was 0.0%.
Operating cash flow was $170.4M (up 440% year over year), 527% of net earnings. Non-cash charges added back $36.5M of depreciation and amortization. Working capital and other items added $101.5M. Capital expenditures of $48.5M left free cash flow of $121.9M.
Questions
What was Delek Logistics Partners, LP's revenue in the first quarter 2026?
Delek Logistics Partners, LP (DKL) reported revenue of $297M for the first quarter 2026 (Q1 2026), +19% from a year earlier and +16% from the quarter before.
Was Delek Logistics Partners, LP profitable in the first quarter 2026?
Operating profit was $40.0M (13.4% of revenue) and net earnings $32.4M.