Filing Flows › Delek Logistics Partners, LP (DKL) › Q3 2026 › vs Q2 2026
Delek Logistics Partners, LP (DKL) Q3 2026 vs Q2 2026 (quarter over quarter)
Delek Logistics Partners, LP's revenue fell $12.3M (-3%) from $385M in Q2 2026 to $372M in Q3 2026. The biggest changes: Wholesale Marketing and Terminalling −$21.6M (-13%); Gathering and Processing +$8.8M (+4%); Storage and Transportation +$527K (+2%). Operating margin 14.4% against 16.1% (-1.7 pts).
Delek Logistics Partners, LP, Q3 2026: revenue $372M (+42% year over year), operating margin 14.4%, net earnings $47.4M, operating cash flow $188M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 14.4% | 16.1% | -1.7 pts |
| Net margin | 12.7% | 7.5% | +5.2 pts |
| Free cash flow margin | 34.6% | 3.0% | +31.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Gathering and Processing | $204M | $195M | $8.8M | +4% |
| Wholesale Marketing and Terminalling | $141M | $163M | −$21.6M | -13% |
| Storage and Transportation | $27.4M | $26.9M | $527K | +2% |
| Revenue | $372M | $385M | −$12.3M | -3% |
| Operating profit | $53.5M | $61.9M | −$8.4M | -14% |
| Costs & expenses | $319M | $323M | −$3.9M | -1% |
| Pre-tax earnings | $47.9M | $28.9M | $19.0M | +66% |
| Other expense, net | $5.6M | $33.0M | −$27.4M | -83% |
| Cost of revenue | $312M | $319M | −$6.5M | -2% |
| SG&A | $5.9M | $3.3M | $2.6M | +78% |
| Net earnings | $47.4M | $28.9M | $18.5M | +64% |
| Income tax | $439K | $0 | $439K | — |
| Depreciation & amortization | $38.5M | $37.4M | $1.1M | +3% |
| Working capital & other | $102M | $4.9M | $97.1M | 21× |
| Operating cash flow | $188M | $71.2M | $117M | +164% |
| Free cash flow (OCF − capex) | $129M | $11.7M | $117M | 11× |
| Capital expenditures | $59.1M | $59.5M | −$410K | -0.7% |
Questions
How much did Delek Logistics Partners, LP's revenue grow quarter over quarter in Q3 2026?
Delek Logistics Partners, LP's revenue fell $12.3M (-3%) from $385M in Q2 2026 to $372M in Q3 2026.
What drove Delek Logistics Partners, LP's revenue change in Q3 2026?
Wholesale Marketing and Terminalling −$21.6M (-13%); Gathering and Processing +$8.8M (+4%); Storage and Transportation +$527K (+2%).