Filing Flows › Delek Logistics Partners, LP (DKL) › Q2 2025
Delek Logistics Partners, LP (DKL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Delek Logistics Partners, LP (DKL) reported revenue of $246M for the second quarter 2025 (Q2 2025), -7% from a year earlier and -1% from the quarter before. Operating margin was 21.3%, net earnings $44.6M (18.1% of revenue).
Delek Logistics Partners, LP, Q2 2025: revenue $246M (-7% year over year), operating margin 21.3%, net earnings $44.6M, operating cash flow $107M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $246M | -1% | -7% |
| Operating profit | $52.4M | +10% | -23% |
| Net earnings | $44.6M | +14% | +9% |
| Operating cash flow | $107M | +240% | +23% |
What changed
Revenue was $246.3M in Q2 2025, down 7% year over year and down 1% from the previous quarter. Gathering and Processing was the largest line at 48% of revenue. Wholesale Marketing and Terminalling lost $31.0M year over year (down 23%), 170% of the total change.
Operating profit was $52.4M, a 21.3% margin (down 4.6 points year over year). Total costs fell 1% while revenue fell 7%. The fastest-growing cost line was SG&A (+49%). Net earnings were $44.6M, up 9% year over year. The effective tax rate was 0.5%.
Operating cash flow was $107.4M (up 23% year over year), 241% of net earnings. Non-cash charges added back $27.1M of depreciation and amortization. Working capital and other items added $35.8M. Capital expenditures of $114.5M exceeded it, leaving free cash flow of −$7.1M.
Questions
What was Delek Logistics Partners, LP's revenue in the second quarter 2025?
Delek Logistics Partners, LP (DKL) reported revenue of $246M for the second quarter 2025 (Q2 2025), -7% from a year earlier and -1% from the quarter before.
Was Delek Logistics Partners, LP profitable in the second quarter 2025?
Operating profit was $52.4M (21.3% of revenue) and net earnings $44.6M.