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Genesis Energy LP vs Delek Logistics Partners, LP: GEL and DKL compared
Genesis Energy LP is the larger company: $449M of revenue in its latest quarter (Q3 2026) against $372M for Delek Logistics Partners, LP (Q3 2026). Delek Logistics Partners, LP is growing faster (+42% against +8% a year earlier). Genesis Energy LP is more profitable, with an operating margin of 15.4% against 14.4%.
Where the money goes: GEL and DKL
Genesis Energy LP (GEL) · Q3 2026
Genesis Energy LP, Q3 2026: revenue $449M (+8% year over year), operating margin 15.4%, net earnings $2.4M, operating cash flow $78.4M. The chart follows the revenue to costs, profit and cash.
Delek Logistics Partners, LP (DKL) · Q3 2026
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 follows the revenue to costs, profit and cash.
| Genesis Energy LP (GEL) | Delek Logistics Partners, LP (DKL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $449M | $372M |
| Revenue growth, Y/Y | +8% | +42% |
| Operating margin | 15.4% | 14.4% |
| Net earnings | $2.4M | $47.4M |
| Net margin | 0.5% | 12.7% |
| Operating cash flow | $78.4M | $188M |
| Free cash flow | $46.6M | $129M |
| Market value | $1.6B | $3.0B |
| P/E | 12.6× | 19.2× |
| Analysts’ mean target | $18.00 | $53.33 |
Where the revenue comes from
Genesis Energy LP
- Fee-based revenues: $247M (55%)
- Product sales: $191M (43%)
- Sulfur services: $11.0M (2%)
Delek Logistics Partners, LP
- Gathering and Processing: $204M (55%)
- Wholesale Marketing and Terminalling: $141M (38%)
- Storage and Transportation: $27.4M (7%)
Questions
Which is bigger, Genesis Energy LP or Delek Logistics Partners, LP?
Genesis Energy LP is the larger company: $449M of revenue in its latest quarter (Q3 2026) against $372M for Delek Logistics Partners, LP (Q3 2026).
Is Genesis Energy LP or Delek Logistics Partners, LP growing faster?
Delek Logistics Partners, LP is growing faster (+42% against +8% a year earlier).
Which is more profitable, Genesis Energy LP or Delek Logistics Partners, LP?
Genesis Energy LP is more profitable, with an operating margin of 15.4% against 14.4%.
More: Genesis Energy LP earnings · how Genesis Energy LP makes money · Delek Logistics Partners, LP earnings · how Delek Logistics Partners, LP makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.