Filing Flows › Delek Logistics Partners, LP (DKL) › Q3 2026 › vs Q3 2025
Delek Logistics Partners, LP (DKL) Q3 2026 vs Q3 2025 (year over year)
Delek Logistics Partners, LP's revenue rose $111M (+43%) from $261M in Q3 2025 to $372M in Q3 2026. The biggest changes: Gathering and Processing +$71.7M (+54%); Wholesale Marketing and Terminalling +$36.4M (+35%); Storage and Transportation +$3.1M (+13%). Operating margin 14.4% against 17.4% (-3.0 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 14.4% | 17.4% | -3.0 pts |
| Net margin | 12.7% | 17.4% | -4.7 pts |
| Free cash flow margin | 34.6% | -4.7% | +39.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Gathering and Processing | $204M | $132M | $71.7M | +54% |
| Wholesale Marketing and Terminalling | $141M | $105M | $36.4M | +35% |
| Storage and Transportation | $27.4M | $24.3M | $3.1M | +13% |
| Revenue | $372M | $261M | $111M | +43% |
| Operating profit | $53.5M | $45.4M | $8.1M | +18% |
| Costs & expenses | $319M | $216M | $103M | +48% |
| Pre-tax earnings | $47.9M | $45.9M | $2.0M | +4% |
| Other expense, net | $5.6M | −$536K | $6.2M | — |
| Cost of revenue | $312M | $207M | $105M | +51% |
| SG&A | $5.9M | $4.5M | $1.3M | +29% |
| Other operating costs | $957K | $4.1M | −$3.1M | -76% |
| Net earnings | $47.4M | $45.6M | $1.9M | +4% |
| Income tax | $439K | $344K | $95K | +28% |
| Depreciation & amortization | $38.5M | $34.8M | $3.7M | +11% |
| Working capital & other | $102M | −$25.4M | $127M | — |
| Operating cash flow | $188M | $54.9M | $133M | +242% |
| Free cash flow (OCF − capex) | $129M | −$12.3M | $141M | — |
| Capital expenditures | $59.1M | $67.2M | −$8.1M | -12% |
Questions
How much did Delek Logistics Partners, LP's revenue grow year over year in Q3 2026?
Delek Logistics Partners, LP's revenue rose $111M (+43%) from $261M in Q3 2025 to $372M in Q3 2026.
What drove Delek Logistics Partners, LP's revenue change in Q3 2026?
Gathering and Processing +$71.7M (+54%); Wholesale Marketing and Terminalling +$36.4M (+35%); Storage and Transportation +$3.1M (+13%).