Delek Logistics Partners Lp Financials

DKL

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Delek Logistics Partners Lp (DKL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 48/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Delek Logistics Partners Lp has an operating margin of 21.6%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 23.4% the prior year.

Growth

Delek Logistics Partners Lp's revenue declined 7.8% year-over-year, from $1.0B to $940.6M. This contraction results in a growth score of 6/100.

Liquidity

Delek Logistics Partners Lp's current ratio of 1.64 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Delek Logistics Partners Lp has a free cash flow margin of 8.2%, earning a moderate score of 41/100. The company generates positive cash flow after capital investments, but with room for improvement.

Piotroski F-Score Neutral

5/9

Delek Logistics Partners Lp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.45x

For every $1 of reported earnings, Delek Logistics Partners Lp generates $1.45 in operating cash flow ($206.3M OCF vs $142.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.3x

Delek Logistics Partners Lp earns $1.3 in operating income for every $1 of interest expense ($202.8M vs $151.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$940.6M

YoY-7.8%

5Y CAGR+10.0%

10Y CAGR+1.1%

Delek Logistics Partners Lp generated $940.6M in revenue in fiscal year 2024. This represents a decrease of 7.8% from the prior year.

EBITDA

$299.2M

YoY-9.7%

5Y CAGR+14.4%

10Y CAGR+12.3%

Delek Logistics Partners Lp's EBITDA was $299.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.7% from the prior year.

Free Cash Flow

$77.3M

YoY-40.2%

5Y CAGR-8.6%

10Y CAGR+0.2%

Delek Logistics Partners Lp generated $77.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 40.2% from the prior year.

Net Income

$142.7M

YoY+13.0%

5Y CAGR+8.1%

10Y CAGR+7.4%

Delek Logistics Partners Lp reported $142.7M in net income in fiscal year 2024. This represents an increase of 13.0% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$5.4M

YoY+43.4%

5Y CAGR-0.6%

10Y CAGR+11.2%

Delek Logistics Partners Lp held $5.4M in cash against $1.9B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

25.9%

YoY-2.0pp

5Y CAGR+0.0pp

10Y CAGR+8.8pp

Delek Logistics Partners Lp's gross margin was 25.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.0 percentage points from the prior year.

Operating Margin

21.6%

YoY-1.9pp

5Y CAGR+0.0pp

10Y CAGR+12.2pp

Delek Logistics Partners Lp's operating margin was 21.6% in fiscal year 2024, reflecting core business profitability. This is down 1.9 percentage points from the prior year.

Net Margin

15.2%

YoY+2.8pp

5Y CAGR-1.4pp

10Y CAGR+6.8pp

Delek Logistics Partners Lp's net profit margin was 15.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$129.0M

YoY+34.3%

5Y CAGR+70.1%

10Y CAGR+30.5%

Delek Logistics Partners Lp invested $129.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 34.3% from the prior year.

DKL Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$940.6M-7.8%	$1.0B-1.5%	$1.0B+47.9%	$700.9M+24.4%	$563.4M-3.5%	$584.0M
Cost of Revenue	$696.9M-5.2%	$735.4M-6.6%	$787.0M+62.3%	$484.8M+35.9%	$356.7M-17.6%	$432.7M
Gross Profit	$243.7M-14.5%	$285.0M+14.3%	$249.4M+15.4%	$216.1M+4.5%	$206.7M+36.7%	$151.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$35.9M+45.1%	$24.8M-27.5%	$34.2M+59.3%	$21.5M-5.0%	$22.6M+8.5%	$20.8M
Operating Income	$202.8M-15.1%	$238.9M+14.0%	$209.7M+10.1%	$190.5M+6.0%	$179.8M+42.9%	$125.8M
Interest Expense	$151.0M+5.4%	$143.2M+74.0%	$82.3M+63.9%	$50.2M+17.1%	$42.9M-9.4%	$47.3M
Income Tax	$479K-60.2%	$1.2M+215.4%	$382K+149.7%	$153K-31.4%	$223K-76.9%	$967K
Net Income	$142.7M+13.0%	$126.2M-20.6%	$159.1M-3.5%	$164.8M+3.5%	$159.3M+64.6%	$96.7M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$261.3M+6.1%	$246.3M-1.4%	$249.9M+19.1%	$209.9M-20.7%	$264.6M+5.0%	$252.1M-0.8%	$254.1M-7.9%	$275.8M
Cost of Revenue	$207.3M+13.4%	$182.8M-6.8%	$196.2M+22.0%	$160.9M-15.5%	$190.3M+5.4%	$180.6M+0.4%	$179.8M-12.9%	$206.5M
Gross Profit	$54.0M-15.1%	$63.6M+18.3%	$53.8M+9.7%	$49.0M-34.1%	$74.4M+4.0%	$71.5M-3.8%	$74.3M+7.2%	$69.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.5M-49.5%	$8.9M+0.9%	$8.9M-4.9%	$9.3M+54.9%	$6.0M+23.7%	$4.9M-4.6%	$5.1M-8.0%	$5.5M
Operating Income	$45.4M-13.5%	$52.4M+10.2%	$47.6M+25.2%	$38.0M-44.5%	$68.5M+6.1%	$64.5M+22.9%	$52.5M-16.0%	$62.6M
Interest Expense	$48.0M+15.1%	$41.7M+1.5%	$41.1M+6.9%	$38.4M+9.0%	$35.3M-12.3%	$40.2M+4.1%	$38.7M+4.8%	$36.9M
Income Tax	$344K+40.4%	$245K+34.6%	$182K+437.0%	-$54K-194.7%	$57K-82.5%	$326K-37.3%	$520K+309.4%	$127K
Net Income	N/A	N/A	$39.0M	N/A	N/A	$32.6M	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DKL Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.0B+24.3%	$1.6B-2.2%	$1.7B+79.6%	$935.1M-2.2%	$956.4M+28.5%	$744.4M
Current Assets	$145.9M+91.3%	$76.3M+16.9%	$65.2M+183.2%	$23.0M-21.4%	$29.3M-12.7%	$33.6M
Cash & Equivalents	$5.4M+43.4%	$3.8M-52.9%	$8.0M+85.7%	$4.3M+1.2%	$4.2M-23.5%	$5.5M
Inventory	$5.4M+139.7%	$2.3M+52.7%	$1.5M-38.4%	$2.4M-23.1%	$3.1M-75.2%	$12.6M
Accounts Receivable	N/A	N/A	$53.3M+246.6%	$15.4M-1.9%	$15.7M+18.7%	$13.2M
Goodwill	$12.2M0.0%	$12.2M-54.9%	$27.1M+121.7%	$12.2M0.0%	$12.2M0.0%	$12.2M
Total Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Current Liabilities	$88.8M-2.0%	$90.6M-14.7%	$106.2M+9.7%	$96.8M+242.1%	$28.3M-19.3%	$35.1M
Long-Term Debt	$1.9B+12.0%	$1.7B+1.7%	$1.6B+83.2%	$899.0M	N/A	N/A
Total Equity	N/A	N/A	N/A	N/A	N/A	N/A
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$2.7B-0.2%	$2.8B+14.9%	$2.4B+17.3%	$2.0B+25.8%	$1.6B-1.9%	$1.7B+0.7%	$1.6B-3.9%	$1.7B
Current Assets	$382.8M-6.6%	$409.8M+161.2%	$156.9M+7.6%	$145.9M+51.1%	$96.6M-8.5%	$105.5M+38.4%	$76.3M-35.2%	$117.6M
Cash & Equivalents	$6.9M+381.3%	$1.4M-31.8%	$2.1M-60.9%	$5.4M+5.3%	$5.1M-47.2%	$9.7M+157.6%	$3.8M-10.2%	$4.2M
Inventory	$18.6M+8.7%	$17.1M+97.9%	$8.7M+59.6%	$5.4M+209.1%	$1.8M+6.1%	$1.7M-26.9%	$2.3M-45.3%	$4.1M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$12.2M0.0%	$12.2M0.0%	$12.2M0.0%	$12.2M0.0%	$12.2M0.0%	$12.2M0.0%	$12.2M-54.9%	$27.1M
Total Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Liabilities	$370.2M-16.4%	$442.6M+354.1%	$97.5M+9.8%	$88.8M+26.8%	$70.0M+22.4%	$57.2M-36.9%	$90.6M+6.1%	$85.4M
Long-Term Debt	$2.3B+3.5%	$2.2B+3.1%	$2.1B+14.4%	$1.9B+19.7%	$1.6B-2.2%	$1.6B-4.3%	$1.7B-3.0%	$1.7B
Total Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DKL Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$206.3M-8.4%	$225.3M+17.3%	$192.2M-30.2%	$275.2M+42.6%	$193.0M+48.0%	$130.4M
Capital Expenditures	$129.0M+34.3%	$96.1M-31.9%	$141.1M+512.1%	$23.1M+73.7%	$13.3M+46.3%	$9.1M
Free Cash Flow	$77.3M-40.2%	$129.2M+153.0%	$51.1M-79.7%	$252.1M+40.3%	$179.7M+48.1%	$121.3M
Investing Cash Flow	-$384.6M-329.1%	-$89.6M+88.4%	-$770.4M-4609.3%	-$16.4M+86.7%	-$123.1M+16.5%	-$147.4M
Financing Cash Flow	$179.9M+228.6%	-$139.9M-124.0%	$581.9M+324.9%	-$258.8M-263.5%	-$71.2M-494.6%	$18.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$54.9M-48.9%	$107.4M+240.5%	$31.6M-36.8%	$49.9M-43.1%	$87.6M+99.8%	$43.9M-61.8%	$114.7M+144.9%	$46.8M
Capital Expenditures	$67.2M-41.3%	$114.5M+106.4%	$55.5M+20.5%	$46.0M+203.8%	$15.2M+34.6%	$11.3M-70.0%	$37.5M+1094.3%	$3.1M
Free Cash Flow	-$12.3M-73.8%	-$7.1M+70.5%	-$23.9M-718.8%	$3.9M-94.7%	$72.5M+122.3%	$32.6M-57.7%	$77.2M+76.6%	$43.7M
Investing Cash Flow	-$64.0M+43.3%	-$112.9M+51.9%	-$234.8M-235.1%	-$70.1M-1159.9%	-$5.6M+43.6%	-$9.9M+71.0%	-$34.0M-4487.7%	-$741K
Financing Cash Flow	$14.5M+201.1%	$4.8M-97.6%	$199.9M+997.4%	$18.2M+121.0%	-$86.6M-208.5%	-$28.1M+65.4%	-$81.1M-63.5%	-$49.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0-100.0%	$10.0M	$0	$0	$0	N/A	N/A

DKL Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	25.9%-2.0pp	27.9%+3.9pp	24.1%-6.8pp	30.8%-5.9pp	36.7%+10.8pp	25.9%
Operating Margin	21.6%-1.9pp	23.4%+3.2pp	20.2%-6.9pp	27.2%-4.7pp	31.9%+10.4pp	21.5%
Net Margin	15.2%+2.8pp	12.4%-3.0pp	15.3%-8.2pp	23.5%-4.8pp	28.3%+11.7pp	16.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	7.0%-0.7pp	7.7%-1.8pp	9.5%-8.2pp	17.6%+1.0pp	16.7%+3.7pp	13.0%
Current Ratio	1.64+0.8	0.84+0.2	0.61+0.4	0.24-0.8	1.04+0.1	0.96
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	8.2%-4.4pp	12.7%+7.7pp	4.9%-31.0pp	36.0%+4.1pp	31.9%+11.1pp	20.8%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	20.6%-5.2pp	25.8%+4.3pp	21.5%-1.8pp	23.4%-4.8pp	28.1%-0.3pp	28.4%-0.9pp	29.3%+4.1pp	25.1%
Operating Margin	17.4%-3.9pp	21.3%+2.2pp	19.0%+0.9pp	18.1%-7.8pp	25.9%+0.3pp	25.6%+4.9pp	20.7%-2.0pp	22.7%
Net Margin	N/A	N/A	15.6%	N/A	N/A	13.0%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	1.6%	N/A	N/A	2.0%	N/A	N/A
Current Ratio	1.03+0.1	0.93-0.7	1.61-0.0	1.64+0.3	1.38-0.5	1.84+1.0	0.84-0.5	1.38
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	-4.7%-1.8pp	-2.9%+6.7pp	-9.6%-11.4pp	1.8%-25.5pp	27.4%+14.5pp	12.9%-17.4pp	30.4%+14.5pp	15.8%

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Frequently Asked Questions

What is Delek Logistics Partners Lp's annual revenue?

Delek Logistics Partners Lp (DKL) reported $940.6M in total revenue for fiscal year 2024. This represents a -7.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Delek Logistics Partners Lp's revenue growing?

Delek Logistics Partners Lp (DKL) revenue declined by 7.8% year-over-year, from $1.0B to $940.6M in fiscal year 2024.

Is Delek Logistics Partners Lp profitable?

Yes, Delek Logistics Partners Lp (DKL) reported a net income of $142.7M in fiscal year 2024, with a net profit margin of 15.2%.

What is Delek Logistics Partners Lp's EBITDA?

Delek Logistics Partners Lp (DKL) had EBITDA of $299.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Delek Logistics Partners Lp have?

As of fiscal year 2024, Delek Logistics Partners Lp (DKL) had $5.4M in cash and equivalents against $1.9B in long-term debt.

What is Delek Logistics Partners Lp's gross margin?

Delek Logistics Partners Lp (DKL) had a gross margin of 25.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Delek Logistics Partners Lp's operating margin?

Delek Logistics Partners Lp (DKL) had an operating margin of 21.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Delek Logistics Partners Lp's net profit margin?

Delek Logistics Partners Lp (DKL) had a net profit margin of 15.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Delek Logistics Partners Lp's free cash flow?

Delek Logistics Partners Lp (DKL) generated $77.3M in free cash flow during fiscal year 2024. This represents a -40.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Delek Logistics Partners Lp's operating cash flow?

Delek Logistics Partners Lp (DKL) generated $206.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Delek Logistics Partners Lp's total assets?

Delek Logistics Partners Lp (DKL) had $2.0B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Delek Logistics Partners Lp's capital expenditures?

Delek Logistics Partners Lp (DKL) invested $129.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is Delek Logistics Partners Lp's current ratio?

Delek Logistics Partners Lp (DKL) had a current ratio of 1.64 as of fiscal year 2024, which is generally considered healthy.

What is Delek Logistics Partners Lp's return on assets (ROA)?

Delek Logistics Partners Lp (DKL) had a return on assets of 7.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Delek Logistics Partners Lp's Piotroski F-Score?

Delek Logistics Partners Lp (DKL) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Delek Logistics Partners Lp's earnings high quality?

Delek Logistics Partners Lp (DKL) has an earnings quality ratio of 1.45x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Delek Logistics Partners Lp cover its interest payments?

Delek Logistics Partners Lp (DKL) has an interest coverage ratio of 1.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Delek Logistics Partners Lp?

Delek Logistics Partners Lp (DKL) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.