Filing Flows › Delek Logistics Partners, LP (DKL) › Q2 2026 › vs Q2 2025
Delek Logistics Partners, LP (DKL) Q2 2026 vs Q2 2025 (year over year)
Delek Logistics Partners, LP's revenue rose $138M (+56%) from $246M in Q2 2025 to $385M in Q2 2026. The biggest changes: Gathering and Processing +$77.4M (+66%); Wholesale Marketing and Terminalling +$58.1M (+56%); Storage and Transportation +$2.9M (+12%). Operating margin 16.1% against 21.3% (-5.2 pts).
Delek Logistics Partners, LP, Q2 2026: revenue $385M (+56% year over year), operating margin 16.1%, net earnings $28.9M, operating cash flow $71.2M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 16.1% | 21.3% | -5.2 pts |
| Net margin | 7.5% | 18.1% | -10.6 pts |
| Free cash flow margin | 3.0% | -2.9% | +5.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Gathering and Processing | $195M | $118M | $77.4M | +66% |
| Wholesale Marketing and Terminalling | $163M | $105M | $58.1M | +56% |
| Storage and Transportation | $26.9M | $24.0M | $2.9M | +12% |
| Revenue | $385M | $246M | $138M | +56% |
| Operating profit | $61.9M | $52.4M | $9.5M | +18% |
| Costs & expenses | $323M | $194M | $129M | +66% |
| Pre-tax earnings | $28.9M | $44.8M | −$15.9M | -36% |
| Other expense, net | $33.0M | $7.6M | $25.4M | +334% |
| Cost of revenue | $319M | $183M | $136M | +74% |
| SG&A | $3.3M | $8.9M | −$5.7M | -63% |
| Net earnings | $28.9M | $44.6M | −$15.7M | -35% |
| Depreciation & amortization | $37.4M | $27.1M | $10.3M | +38% |
| Working capital & other | $4.9M | $35.8M | −$30.8M | -86% |
| Operating cash flow | $71.2M | $107M | −$36.2M | -34% |
| Free cash flow (OCF − capex) | $11.7M | −$7.1M | $18.7M | — |
| Capital expenditures | $59.5M | $114M | −$54.9M | -48% |
Questions
How much did Delek Logistics Partners, LP's revenue grow year over year in Q2 2026?
Delek Logistics Partners, LP's revenue rose $138M (+56%) from $246M in Q2 2025 to $385M in Q2 2026.
What drove Delek Logistics Partners, LP's revenue change in Q2 2026?
Gathering and Processing +$77.4M (+66%); Wholesale Marketing and Terminalling +$58.1M (+56%); Storage and Transportation +$2.9M (+12%).