Delek Logistics Partners, LP (DKL) is a publicly traded company in the Energy — Oil & Gas Midstream industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Delek Logistics Partners, LP (DKL) manages and operates a diverse portfolio of logistics and marketing assets for crude oil, intermediate, and refined petroleum products throughout the United States. The company's operations are structured into three primary segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investments in Pipeline Joint Ventures.
Is Delek Logistics Partners, LP stock overvalued or undervalued in 2026?
Delek Logistics Partners, LP (DKL) trades at 19.5× earnings (P/E), above the median of the 142 energy companies over $2bn in Kaplio's universe. At the decade median (13.1×) $38 (-33 %); at its sector median (15.5×) $44 (-21 %).
Kaplio overview: Delek Logistics Partners, LP
Market cap $3B · 52 weeks $44 – $60 (7 % below the high) · P/E 19.5× · 2027 est. P/E 12.7× · Dividend 8.0 % · 5 years rising · Next earnings November 6, 2026 · expected EPS $0.97 · Closing price, Oct 30 · accounts published Aug 5.
- Valuation: TTM P/E 19.5× (expensive).
- Business: 5-year ROIC 13.7 % (solid).
- Balance sheet: Net debt/EBITDA 4.9× (fragile).
- Earnings: 1 of 8 (disappointing).
What would it be worth at its usual multiples?
At the decade median (13.1×) $38 (-33 %); at its sector median (15.5×) $44 (-21 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in energy: 2 of 7 pass
- FCF yield −1.4 %, fails.
- Dividend coverage (FCF / div) −0.1×, fails.
- Net debt / EBITDA 4.9×, fails.
- Capex / Revenue 26.4 %, fails.
- EV/EBITDA vs own 10y 12.1×, fails.
- 5y avg ROIC 13.7 %, passes.
- Positive FCF through the cycle 8 of 10 fiscal years, passes, near the threshold.
- P/E read in reverse (cyclicals) 19.5×, info.
Against its peers (reference peers) — Delek Logistics Partners, LP: P/E 19.5×; EV/EBITDA 12.1×; ROIC 7.7 %; $3.2B. Kinetik Holdings Inc. (P/E 20.5×; EV/EBITDA 6.9×; ROIC 2.7 %; $4.6B), Teekay Tankers Ltd. (P/E 5.9×; EV/EBITDA 4.1×; ROIC 18.0 %; $3.5B), DHT Holdings, Inc. (P/E 8.5×; EV/EBITDA 7.2×; ROIC 24.1 %; $4.0B).
Expensive or cheap against its last ten years?
P/E at each close: today 19.5× · median 13.1× · minimum 2.3× · maximum 21.0× · cheap below 10.5× · expensive above 14.8×. It has been cheaper than today 98% of the time over its last ten years.
Dividend
fragile · Yield 8.0 % ($4.45 per share in 2025) · Years raising it 5 · 5-year growth +6 % a year · Free cash flow coverage 0.3× · With $1,000 invested today you'd collect $80.40 a year ($6.70 a month).
Profitability
| Return on Equity | -935.80% |
| Return on Invested Capital | 7.68% |
| Return on Assets | 5.37% |
| Gross Margin | 17.34% |
| Operating Margin | 15.34% |
| Net Margin | 12.85% |
Financial Health
| Debt / Equity | -34.75 |
| Current Ratio | 0.96 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 1.12 |
Price Performance
| 1 month | +2.09% |
| 3 months | -3.44% |
| Year-to-date | +25.68% |
| 1 year | +25.88% |
| 3 years | +19.57% |
| 5 years | +14.36% |
| 10 years | +154.91% |
Dividend History
Paid in the last 12 months: $4.51 per share in 4 payments.
| Date | Amount |
|---|---|
| November 3, 2026 | $1.14 |
| August 3, 2026 | $1.135 |
| May 4, 2026 | $1.13 |
| February 5, 2026 | $1.125 |
| November 7, 2025 | $1.12 |
| August 8, 2025 | $1.115 |
| May 8, 2025 | $1.11 |
| February 4, 2025 | $1.105 |
| November 8, 2024 | $1.10 |
| August 9, 2024 | $1.09 |
Amounts adjusted for stock splits.
Related companies: PTEN · TRMD · TDW · INSW · OII · KNTK · DHT · TNK
Explore sector: Energy · Oil & Gas Midstream
More sections of DKL: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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