Delek Logistics Partners (DKL) Financials

$51.77 +0.77 (+1.52%)

As of 01:11 PM Eastern

Annual Income Statements for Delek Logistics Partners

This table shows Delek Logistics Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	66	51	51	90	64	542	165	159	126	142	176
Consolidated Net Income / (Loss)	66	63	69	90	97	542	165	159	126	143	176
Net Income / (Loss) Continuing Operations	66	63	69	90	97	542	165	159	126	143	176
Total Pre-Tax Income	66	63	69	91	98	159	165	159	127	143	177
Total Operating Income	77	78	88	126	126	180	191	210	239	203	182
Total Gross Profit	153	93	106	149	151	589	216	249	285	244	215
Total Revenue	590	448	538	658	584	946	701	1,036	1,020	941	1,013
Operating Revenue	590	448	538	658	584	946	701	1,036	1,020	941	1,013
Total Cost of Revenue	436	355	432	509	433	357	485	787	735	697	798
Operating Cost of Revenue	436	355	432	509	433	357	485	787	735	697	798
Total Operating Expenses	76	15	18	23	25	27	26	40	46	41	33
Selling, General & Admin Expense	11	10	12	17	21	23	21	34	25	36	29
Depreciation Expense	20	2.92	2.89	1.88	1.81	1.99	1.83	2.78	5.25	5.24	3.50
Other Operating Expenses / (Income)	45	2.30	3.10	3.71	2.85	2.37	2.28	2.76	1.15	-0.26	1.19
Impairment Charge	-	-	-	-	-	-	0.00	0.00	15	0.00	0.00
Total Other Income / (Expense), net	-11	-15	-19	-35	-28	-20	-26	-50	-112	-60	-4.93
Interest Expense	11	14	24	41	47	43	50	82	143	151	179
Interest & Investment Income	-0.59	-1.18	4.95	6.23	20	23	25	32	31	91	174
Other Income / (Expense), net	0.00	0.00	0.00	-0.01	-0.60	-0.13	0.12	0.37	0.30	0.21	0.06
Income Tax Expense	-0.20	0.08	-0.22	0.53	0.97	0.22	0.15	0.38	1.21	0.48	0.46
Preferred Stock Dividends Declared	-	-	-	-	-	-	-	0.00	0.00	0.77	0.00
Basic Earnings per Share	$5.10	$2.08	$2.09	$2.65	$2.61	$4.18	$3.79	$3.66	$2.90	$2.99	$3.30
Weighted Average Basic Shares Outstanding	24.47M	22.49M	24.35M	24.39M	24.41M	33.59M	43.45M	43.49M	43.58M	47.45M	53.50M
Diluted Earnings per Share	$5.04	$2.07	$2.09	$2.65	$2.61	$4.18	$3.79	$3.66	$2.89	$2.99	$3.30
Weighted Average Diluted Shares Outstanding	24.71M	22.56M	24.38M	24.40M	24.42M	33.60M	43.46M	43.51M	43.61M	47.48M	53.55M
Weighted Average Basic & Diluted Shares Outstanding	12.00M	1.80M	24.35M	24.39M	24.41M	33.59M	43.45M	43.49M	43.58M	47.45M	53.50M
Cash Dividends to Common per Share	$2.24	$2.58	$2.84	$3.12	$3.44	$3.61	$3.79	$3.98	$4.16	$4.37	$4.47

This table shows Delek Logistics Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	35	22	33	41	34	35	39	45	46	47	32
Consolidated Net Income / (Loss)	35	22	33	41	34	35	39	45	46	47	32
Net Income / (Loss) Continuing Operations	35	22	33	41	34	35	39	45	46	47	32
Total Pre-Tax Income	35	23	33	41	34	35	39	45	46	47	32
Total Operating Income	63	53	65	68	32	38	48	52	45	36	40
Total Gross Profit	69	74	72	74	49	49	54	64	54	44	47
Total Revenue	276	254	252	265	214	210	250	246	261	256	297
Operating Revenue	276	254	252	265	214	210	250	246	261	256	297
Total Cost of Revenue	207	180	181	190	165	161	196	183	207	212	251
Operating Cost of Revenue	207	180	181	190	165	161	196	183	207	212	251
Total Operating Expenses	6.77	22	6.98	5.91	17	11	6.15	11	8.59	7.44	6.90
Selling, General & Admin Expense	5.55	5.10	4.86	6.02	16	9.32	8.86	8.94	4.52	6.31	4.27
Depreciation Expense	1.32	1.33	1.33	1.46	1.24	1.22	1.22	1.22	0.67	0.39	1.15
Other Operating Expenses / (Income)	-0.10	0.56	0.79	-1.57	0.06	0.46	-3.93	0.99	3.39	0.74	1.48
Total Other Income / (Expense), net	-28	-30	-32	-27	2.02	-2.76	-8.38	-7.62	0.54	11	-7.66
Interest Expense	37	39	40	35	37	38	41	42	48	48	52
Interest & Investment Income	9.30	8.54	8.49	7.91	39	36	33	34	49	59	44
Other Income / (Expense), net	0.00	0.28	0.17	0.04	-0.03	0.03	0.02	0.02	-0.07	0.09	0.03
Income Tax Expense	0.13	0.52	0.33	0.06	0.15	-0.05	0.18	0.25	0.34	-0.31	0.00
Basic Earnings per Share	$0.80	$0.51	$0.74	$0.87	$0.71	$0.67	$0.73	$0.83	$0.85	$0.89	$0.60
Weighted Average Basic Shares Outstanding	43.59M	43.58M	44.41M	47.22M	47.11M	47.45M	53.60M	53.45M	53.47M	53.50M	53.51M
Diluted Earnings per Share	$0.80	$0.50	$0.73	$0.87	$0.71	$0.68	$0.73	$0.83	$0.85	$0.89	$0.60
Weighted Average Diluted Shares Outstanding	43.60M	43.61M	44.42M	47.23M	47.14M	47.48M	53.63M	53.47M	53.52M	53.55M	53.60M
Weighted Average Basic & Diluted Shares Outstanding	43.59M	43.58M	44.41M	47.22M	47.11M	47.45M	53.60M	53.45M	53.47M	53.50M	53.51M
Cash Dividends to Common per Share	$1.05	-	$1.07	$1.09	$1.10	-	$1.11	$1.12	$1.12	-	$1.13

This table details how cash moves in and out of Delek Logistics Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-1.86	0.06	4.62	-0.15	1.02	-1.30	0.05	3.68	-4.22	1.63	5.51
Net Cash From Operating Activities	68	101	91	153	130	193	275	192	225	206	237
Net Cash From Continuing Operating Activities	68	101	91	153	130	193	275	192	226	206	237
Net Income / (Loss) Continuing Operations	66	63	69	90	97	159	165	159	126	143	176
Consolidated Net Income / (Loss)	66	63	69	90	97	159	165	159	126	143	176
Depreciation Expense	20	21	22	26	27	36	43	63	92	96	126
Amortization Expense	1.46	0.38	0.81	7.09	8.15	7.74	8.27	9.31	12	6.40	1.14
Non-Cash Adjustments To Reconcile Net Income	0.75	2.03	-1.73	2.63	-1.77	10	7.87	7.53	23	20	-37
Changes in Operating Assets and Liabilities, net	-20	15	0.80	27	0.57	-20	51	-47	-27	-59	-29
Net Cash From Investing Activities	-57	-73	-30	-228	-147	-123	-16	-770	-90	-385	-444
Net Cash From Continuing Investing Activities	-57	-73	-30	-228	-147	-123	-16	-770	-90	-385	-444
Purchase of Property, Plant & Equipment	-20	-11	-18	-13	-9.07	-13	-23	-141	-96	-129	-268
Acquisitions	-37	-62	-6.09	-217	-139	-113	-2.36	-631	-4.25	-270	-196
Sale of Property, Plant & Equipment	1.20	0.18	0.05	0.50	0.14	0.11	0.28	0.14	1.72	9.88	3.68
Sale and/or Maturity of Investments	-	0.00	0.75	1.16	0.80	2.74	8.77	1.74	9.00	4.28	16
Net Cash From Financing Activities	-13	-28	-57	75	18	-71	-259	582	-140	180	213
Net Cash From Continuing Financing Activities	-13	-28	-57	75	18	-71	-259	582	-140	180	213
Repayment of Debt	-297	-274	-496	-463	-433	-441	-836	-1,298	-398	-2,230	-1,532
Repurchase of Preferred Equity	-	-	-	-	-	-	-	0.00	0.00	-71	0.00
Repurchase of Common Equity	-	-	-	-	-	-	-	-	0.00	0.00	-10
Payment of Dividends	-62	0.00	0.00	-99	-83	-153	-129	-135	-142	-148	-151
Issuance of Debt	396	315	525	735	565	600	741	2,051	438	2,387	1,998
Issuance of Common Equity	0.05	0.03	0.02	0.03	0.01	0.01	0.00	3.10	0.00	298	0.00
Other Financing Activities, net	-51	-69	-86	-98	-31	-77	-35	-39	-38	-57	-92
Cash Interest Paid	9.01	12	19	39	45	41	45	78	136	117	174
Cash Income Taxes Paid	0.00	0.22	0.06	0.14	0.14	0.10	0.03	0.04	0.02	0.00	0.00

This table details how cash moves in and out of Delek Logistics Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-3.53	-0.43	5.92	-4.56	2.21	-1.93	-3.28	-0.67	5.48	3.98	-0.99
Net Cash From Operating Activities	47	115	44	88	25	50	32	107	55	43	170
Net Cash From Continuing Operating Activities	47	115	44	88	25	50	32	107	55	43	170
Net Income / (Loss) Continuing Operations	35	22	33	41	34	35	39	45	46	47	32
Consolidated Net Income / (Loss)	35	22	33	41	34	35	39	45	46	47	32
Depreciation Expense	25	23	26	24	21	24	28	27	35	36	37
Amortization Expense	2.52	4.23	2.48	2.45	1.18	0.29	0.45	0.55	1.17	-1.03	-0.29
Non-Cash Adjustments To Reconcile Net Income	0.73	13	6.53	0.20	3.54	11	4.62	-1.68	-11	-28	20
Changes in Operating Assets and Liabilities, net	-16	52	-24	20	-35	-22	-40	37	-15	-11	82
Net Cash From Investing Activities	-0.74	-34	-9.86	-5.56	-299	-70	-235	-113	-64	-33	-49
Net Cash From Continuing Investing Activities	-0.74	-34	-9.86	-5.56	-299	-70	-235	-113	-64	-33	-49
Purchase of Property, Plant & Equipment	-3.14	-38	-11	-15	-57	-46	-55	-114	-67	-31	-49
Acquisitions	-1.22	-1.66	-0.78	-0.45	-244	-25	-186	-2.46	-1.90	-5.65	-5.88
Sale of Property, Plant & Equipment	0.58	0.68	0.04	9.50	0.65	-0.32	4.32	0.57	-1.48	0.27	0.08
Sale and/or Maturity of Investments	3.04	4.53	2.13	0.54	0.70	0.90	2.13	3.44	6.60	3.45	5.03
Net Cash From Financing Activities	-50	-81	-28	-87	276	18	200	4.82	15	-6.69	-122
Net Cash From Continuing Financing Activities	-50	-81	-28	-87	276	18	200	4.82	15	-6.69	-122
Repayment of Debt	-70	-168	-949	-337	-617	-326	-329	-866	-201	-136	-942
Repurchase of Common Equity	-	-	0.00	-	-	-	-10	-	-	-	0.00
Payment of Dividends	-36	-36	-36	-37	-37	-38	-38	-38	-38	-38	-38
Issuance of Debt	66	134	835	302	944	307	599	931	277	191	883
Other Financing Activities, net	-10	-10	-10	-14	-14	-20	-22	-23	-24	-24	-24
Cash Interest Paid	24	47	29	21	46	22	55	27	48	44	52

This table presents Delek Logistics Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	375	416	444	625	744	956	935	1,679	1,642	2,042	2,779
Total Current Assets	47	32	50	33	34	29	23	65	76	146	401
Cash & Equivalents	0.00	0.06	4.68	4.52	5.55	4.24	4.29	7.97	3.76	5.38	11
Accounts Receivable	35	22	24	22	13	22	15	53	70	111	368
Inventories, net	10	8.90	21	5.49	13	3.13	2.41	1.48	2.26	5.43	18
Other Current Assets	1.54	1.07	0.78	0.97	2.20	0.33	0.95	2.46	0.68	24	4.42
Plant, Property, & Equipment, net	254	251	255	313	295	465	449	924	936	1,064	1,424
Plant, Property & Equipment, gross	326	342	367	453	461	692	716	1,241	1,321	1,375	1,828
Accumulated Depreciation	72	91	112	140	166	227	266	317	384	311	404
Total Noncurrent Assets	74	132	138	279	416	462	463	690	630	831	954
Long-Term Investments	41	101	107	105	247	254	250	257	241	317	526
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	0.88	28
Goodwill	12	12	12	12	12	12	12	27	12	12	12
Intangible Assets	15	14	16	138	131	124	117	309	343	281	370
Other Noncurrent Operating Assets	6.04	4.77	3.43	24	26	73	84	97	33	220	18
Total Liabilities & Shareholders' Equity	375	416	444	625	744	956	935	1,679	1,642	2,042	2,779
Total Liabilities	375	416	444	625	744	1,065	1,039	1,790	1,804	2,006	2,773
Total Current Liabilities	21	21	32	37	35	28	97	106	91	89	356
Accounts Payable	11	11	19	22	21	6.66	73	63	26	41	293
Current Deferred & Payable Income Tax Liabilities	4.87	4.84	4.70	4.07	3.94	4.97	5.28	8.23	10	6.76	17
Other Current Liabilities	4.98	5.04	7.94	-	7.20	14	14	14	18	9.97	16
Other Current Nonoperating Liabilities	-	-	-	2.66	2.57	2.45	5.02	5.31	5.81	31	31
Total Noncurrent Liabilities	355	395	412	588	709	1,036	942	1,684	1,714	1,917	2,417
Long-Term Debt	352	393	423	700	833	992	899	1,647	1,674	1,875	2,344
Asset Retirement Reserve & Litigation Obligation	3.51	3.77	4.06	5.19	5.59	6.02	6.48	9.33	10	16	24
Other Noncurrent Operating Liabilities	-0.51	-1.55	-15	-118	-130	38	37	28	30	26	48
Total Equity & Noncontrolling Interests	0.00	0.00	0.00	0.00	0.00	-108	-104	-111	-162	36	6.11
Total Preferred & Common Equity	0.00	0.00	0.00	0.00	0.00	-108	-104	-111	-162	36	6.11
Total Common Equity	0.00	0.00	0.00	0.00	0.00	-108	-104	-111	-162	36	6.11

This table presents Delek Logistics Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,638	1,692	1,693	1,709	1,654	1,623	1,961	2,395	2,753	2,747	2,909
Total Current Assets	73	77	85	118	106	97	86	157	410	383	536
Cash & Equivalents	15	11	7.72	4.18	9.67	5.11	7.32	2.11	1.44	6.91	9.91
Accounts Receivable	53	61	73	108	94	89	72	145	390	356	501
Inventories, net	2.49	2.66	3.08	4.14	1.66	1.76	4.63	8.66	17	19	21
Other Current Assets	2.42	2.77	1.40	0.96	0.62	1.15	1.97	1.53	1.68	1.43	4.90
Plant, Property, & Equipment, net	876	941	942	937	930	919	1,040	1,322	1,404	1,419	1,444
Plant, Property & Equipment, gross	1,178	1,274	1,292	1,306	1,336	1,343	1,481	1,653	1,755	1,794	1,876
Accumulated Depreciation	303	333	350	369	406	424	441	331	351	376	432
Total Noncurrent Assets	689	674	665	655	619	608	835	917	939	946	928
Long-Term Investments	248	243	243	242	238	236	323	317	320	326	492
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	-	-	28
Goodwill	27	27	27	27	12	12	12	12	12	12	12
Intangible Assets	315	302	296	290	277	271	287	364	378	373	370
Other Noncurrent Operating Assets	100	101	99	96	91	89	213	223	229	235	25
Total Liabilities & Shareholders' Equity	1,638	1,692	1,693	1,709	1,654	1,623	1,961	2,395	2,753	2,747	2,909
Total Liabilities	1,752	1,809	1,822	1,849	1,697	1,675	2,006	2,298	2,721	2,730	2,929
Total Current Liabilities	266	78	56	85	57	70	70	97	443	370	561
Accounts Payable	226	28	15	28	26	26	36	60	382	308	509
Current Deferred & Payable Income Tax Liabilities	6.76	4.35	7.34	12	7.64	8.41	7.64	9.28	17	18	7.77
Other Current Liabilities	15	14	14	14	11	9.83	10	12	14	16	18
Other Current Nonoperating Liabilities	18	17	5.31	17	13	26	16	16	30	28	27
Total Noncurrent Liabilities	1,487	1,731	1,766	1,763	1,640	1,605	1,936	2,201	2,278	2,360	2,368
Long-Term Debt	1,449	1,693	1,729	1,726	1,601	1,566	1,894	2,146	2,211	2,288	2,295
Asset Retirement Reserve & Litigation Obligation	9.15	9.51	9.69	9.86	10	10	15	23	25	23	25
Other Noncurrent Operating Liabilities	29	28	27	27	28	28	27	32	42	48	48
Total Equity & Noncontrolling Interests	-114	-117	-130	-139	-42	-51	-115	97	32	17	-20
Total Preferred & Common Equity	-114	-117	-130	-139	-42	-51	-115	97	32	17	-20
Total Common Equity	-114	-117	-130	-139	-42	-51	-115	97	32	17	-20

This table displays calculated financial ratios and metrics derived from Delek Logistics Partners' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-29.91%	-24.02%	20.09%	22.22%	-11.19%	62.00%	-25.92%	47.87%	-1.54%	-7.82%	7.73%
EBITDA Growth	6.43%	0.43%	12.21%	43.21%	0.78%	39.40%	8.31%	16.84%	21.63%	-10.95%	0.93%
EBIT Growth	-2.01%	0.50%	13.56%	42.61%	-0.43%	43.48%	6.10%	10.20%	13.90%	-15.14%	-10.41%
NOPAT Growth	-1.53%	0.08%	14.07%	41.33%	-0.36%	44.13%	6.01%	9.91%	13.15%	-14.59%	-10.28%
Net Income Growth	-5.49%	-5.15%	10.52%	29.93%	7.28%	460.13%	-69.59%	-3.50%	-20.63%	13.03%	23.67%
EPS Growth	-11.58%	-58.93%	0.97%	26.79%	-1.51%	60.15%	-9.33%	-3.43%	-21.04%	3.46%	10.37%
Operating Cash Flow Growth	-20.05%	48.05%	-9.43%	67.70%	-14.75%	48.02%	42.56%	-30.16%	17.25%	-8.42%	14.92%
Free Cash Flow Firm Growth	324.97%	489.32%	-29.48%	-329.90%	186.00%	-0.77%	103.60%	-296.33%	142.00%	-150.73%	-101.01%
Invested Capital Growth	24.42%	-6.25%	6.88%	90.59%	-1.79%	7.78%	-13.18%	136.62%	0.89%	24.29%	25.39%
Revenue Q/Q Growth	-9.85%	3.64%	5.19%	1.25%	-23.16%	132.70%	-28.27%	2.21%	-1.44%	-4.50%	4.74%
EBITDA Q/Q Growth	0.62%	-0.04%	4.23%	7.30%	-0.90%	9.66%	2.17%	7.91%	-1.19%	-5.32%	2.89%
EBIT Q/Q Growth	-4.86%	1.70%	5.42%	6.29%	-1.60%	9.28%	2.30%	6.38%	-3.69%	-6.77%	-0.83%
NOPAT Q/Q Growth	-4.64%	1.15%	5.85%	5.34%	-1.63%	9.84%	2.38%	6.49%	-4.40%	-6.23%	-0.68%
Net Income Q/Q Growth	-6.87%	0.03%	5.47%	2.69%	-28.42%	434.45%	-69.84%	0.64%	-14.00%	10.16%	7.29%
EPS Q/Q Growth	-10.16%	-55.86%	5.56%	0.76%	-2.61%	12.37%	-0.52%	0.55%	-14.24%	6.41%	6.80%
Operating Cash Flow Q/Q Growth	-22.18%	14.41%	0.13%	113.45%	-28.44%	8.33%	-1.95%	-45.15%	4,138.51%	-23.90%	-2.75%
Free Cash Flow Firm Q/Q Growth	3.89%	6.58%	-7.59%	35.52%	-29.45%	21,424.91%	-0.93%	-131.69%	727.79%	-311.71%	19.04%
Invested Capital Q/Q Growth	5.51%	3.97%	7.46%	-8.99%	-0.73%	-16.36%	-17.53%	18.50%	-5.13%	5.50%	1.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.01%	20.78%	19.70%	22.58%	25.91%	62.30%	30.83%	24.06%	27.93%	25.91%	21.23%
EBITDA Margin	16.69%	22.06%	20.61%	24.15%	27.41%	23.58%	34.48%	27.24%	33.66%	32.51%	30.46%
Operating Margin	13.10%	17.33%	16.39%	19.12%	21.54%	19.00%	27.18%	20.23%	23.42%	21.56%	17.95%
EBIT Margin	13.10%	17.33%	16.39%	19.12%	21.44%	18.99%	27.20%	20.27%	23.45%	21.58%	17.95%
Profit (Net Income) Margin	11.23%	14.02%	12.90%	13.71%	16.57%	57.28%	23.52%	15.35%	12.37%	15.17%	17.41%
Tax Burden Percent	100.30%	99.87%	100.32%	99.41%	99.01%	339.81%	99.91%	99.76%	99.05%	99.67%	99.74%
Interest Burden Percent	85.44%	80.99%	78.46%	72.14%	78.04%	88.77%	86.55%	75.90%	53.27%	70.51%	97.26%
Effective Tax Rate	-0.30%	0.13%	-0.32%	0.59%	0.99%	0.14%	0.09%	0.24%	0.95%	0.33%	0.26%
Return on Invested Capital (ROIC)	27.64%	25.75%	29.34%	27.62%	21.17%	29.64%	32.42%	22.78%	18.25%	13.84%	9.94%
ROIC Less NNEP Spread (ROIC-NNEP)	23.61%	20.85%	23.02%	19.92%	16.44%	84.54%	28.74%	17.89%	10.54%	9.94%	9.67%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	-1,030.41%	-187.70%	-170.94%	-110.88%	-239.71%	837.57%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	0.00%	-1,000.77%	-155.28%	-148.17%	-92.63%	-225.87%	847.51%
Cash Return on Invested Capital (CROIC)	5.87%	32.20%	22.68%	-34.73%	22.98%	22.15%	46.53%	-58.40%	17.37%	-7.82%	-12.59%
Operating Return on Assets (OROA)	21.87%	19.64%	20.53%	23.55%	18.29%	21.13%	20.16%	16.07%	14.41%	11.02%	7.55%
Return on Assets (ROA)	18.74%	15.88%	16.16%	16.89%	14.13%	63.72%	17.43%	12.17%	7.60%	7.75%	7.32%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	0.00%	-1,000.77%	-155.28%	-148.17%	-92.63%	-225.87%	847.51%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	-500.39%	-158.49%	-143.68%	-77.99%	401.61%	0.00%
Net Operating Profit after Tax (NOPAT)	77	78	88	125	125	180	190	209	237	202	181
NOPAT Margin	13.14%	17.31%	16.44%	19.01%	21.33%	18.98%	27.15%	20.18%	23.20%	21.49%	17.90%
Net Nonoperating Expense Percent (NNEP)	4.02%	4.90%	6.32%	7.70%	4.73%	-54.91%	3.68%	4.89%	7.71%	3.90%	0.27%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	13.49%	15.35%	10.58%	7.72%
Cost of Revenue to Revenue	73.99%	79.22%	80.30%	77.42%	74.09%	37.70%	69.17%	75.94%	72.07%	74.09%	78.77%
SG&A Expenses to Revenue	1.93%	2.29%	2.20%	2.61%	3.56%	2.39%	3.06%	3.30%	2.43%	3.82%	2.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.91%	3.45%	3.31%	3.46%	4.36%	2.85%	3.65%	3.83%	4.51%	4.35%	3.29%
Earnings before Interest and Taxes (EBIT)	77	78	88	126	125	180	191	210	239	203	182
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	98	99	111	159	160	223	242	282	343	306	309
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	55.05	382.51
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.69	0.73	0.79	0.66	0.90	0.88	2.24	1.55	1.62	2.08	2.31
Price to Earnings (P/E)	6.20	6.44	8.34	4.82	8.30	1.53	9.51	10.13	13.08	13.78	13.25
Dividend Yield	13.14%	17.21%	16.00%	17.05%	15.53%	14.47%	10.31%	10.61%	8.20%	10.47%	10.19%
Earnings Yield	16.14%	15.54%	11.99%	20.76%	12.05%	65.21%	10.51%	9.87%	7.65%	7.26%	7.55%
Enterprise Value to Invested Capital (EV/IC)	2.31	2.12	2.36	1.73	1.90	2.49	4.06	2.33	2.39	2.17	2.13
Enterprise Value to Revenue (EV/Rev)	1.22	1.38	1.37	1.56	1.90	1.65	3.16	2.90	3.05	3.73	4.28
Enterprise Value to EBITDA (EV/EBITDA)	7.29	6.24	6.64	6.46	6.93	7.02	9.16	10.65	9.06	11.47	14.04
Enterprise Value to EBIT (EV/EBIT)	9.28	7.95	8.35	8.16	8.86	8.71	11.61	14.32	13.00	17.28	23.82
Enterprise Value to NOPAT (EV/NOPAT)	9.26	7.96	8.33	8.20	8.90	8.72	11.63	14.38	13.14	17.36	23.89
Enterprise Value to Operating Cash Flow (EV/OCF)	10.54	6.13	8.08	6.70	8.50	8.11	8.04	15.65	13.80	17.00	18.27
Enterprise Value to Free Cash Flow (EV/FCFF)	43.59	6.36	10.77	0.00	8.20	11.67	8.10	0.00	13.81	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	-9.16	-8.64	-15.01	-10.53	52.79	383.45
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	-9.16	-8.64	-14.87	-10.34	52.79	383.45
Financial Leverage	0.00	0.00	0.00	0.00	0.00	-12.19	-6.53	-9.56	-10.52	-24.13	86.63
Leverage Ratio	0.00	0.00	0.00	0.00	0.00	-15.71	-8.91	-12.18	-12.19	-29.16	115.77
Compound Leverage Factor	0.00	0.00	0.00	0.00	0.00	-13.94	-7.71	-9.24	-6.49	-20.56	112.60
Debt to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	112.25%	113.08%	107.14%	110.50%	98.14%	99.74%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.97%	1.95%	0.00%	0.00%
Long-Term Debt to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	112.25%	113.08%	106.17%	108.55%	98.14%	99.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	-12.25%	-13.08%	-7.14%	-10.50%	1.86%	0.26%
Debt to EBITDA	3.57	3.97	3.81	4.41	5.20	4.45	3.72	5.88	4.96	6.13	7.60
Net Debt to EBITDA	3.16	2.95	2.81	3.72	3.63	3.29	2.67	4.95	4.25	5.08	6.46
Long-Term Debt to EBITDA	3.57	3.97	3.81	4.41	5.20	4.45	3.72	5.83	4.87	6.13	7.60
Debt to NOPAT	4.54	5.06	4.78	5.60	6.69	5.53	4.72	7.94	7.20	9.28	12.93
Net Debt to NOPAT	4.01	3.76	3.52	4.73	4.66	4.09	3.39	6.68	6.16	7.68	10.99
Long-Term Debt to NOPAT	4.54	5.06	4.78	5.60	6.69	5.53	4.72	7.87	7.07	9.28	12.93
Altman Z-Score	2.98	2.20	2.49	2.13	1.76	2.08	2.23	1.54	1.64	1.41	1.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.27	1.55	1.59	0.89	0.96	1.04	0.24	0.61	0.84	1.64	1.12
Quick Ratio	1.69	1.07	0.91	0.72	0.53	0.91	0.20	0.58	0.81	1.31	1.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	16	97	68	-157	135	134	273	-536	225	-114	-230
Operating Cash Flow to CapEx	355.07%	906.29%	502.88%	1,230.65%	1,460.89%	1,466.24%	1,208.07%	136.33%	238.73%	173.15%	89.79%
Free Cash Flow to Firm to Interest Expense	1.54	7.14	2.86	-3.81	2.86	3.13	5.44	-6.52	1.57	-0.76	-1.28
Operating Cash Flow to Interest Expense	6.38	7.41	3.81	3.71	2.76	4.50	5.48	2.33	1.57	1.37	1.32
Operating Cash Flow Less CapEx to Interest Expense	4.58	6.59	3.05	3.41	2.57	4.19	5.03	0.62	0.91	0.58	-0.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.67	1.13	1.25	1.23	0.85	1.11	0.74	0.79	0.61	0.51	0.42
Accounts Receivable Turnover	18.71	15.70	23.31	28.76	33.57	54.35	37.89	30.17	16.61	10.43	4.24
Inventory Turnover	42.02	36.69	29.00	38.58	47.79	45.31	175.25	404.74	392.55	181.22	68.39
Fixed Asset Turnover	2.32	1.77	2.13	2.32	1.92	2.49	1.53	1.51	1.10	0.94	0.81
Accounts Payable Turnover	29.68	32.72	28.80	24.71	19.93	25.45	12.24	11.57	16.39	20.60	4.78
Days Sales Outstanding (DSO)	19.51	23.25	15.66	12.69	10.87	6.72	9.63	12.10	21.98	35.00	86.15
Days Inventory Outstanding (DIO)	8.69	9.95	12.59	9.46	7.64	8.06	2.08	0.90	0.93	2.01	5.34
Days Payable Outstanding (DPO)	12.30	11.15	12.67	14.77	18.32	14.34	29.83	31.55	22.27	17.72	76.44
Cash Conversion Cycle (CCC)	15.90	22.05	15.58	7.38	0.19	0.43	-18.11	-18.55	0.64	19.29	15.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	311	291	312	594	583	629	546	1,291	1,303	1,619	2,030
Invested Capital Turnover	2.10	1.49	1.78	1.45	0.99	1.56	1.19	1.13	0.79	0.64	0.56
Increase / (Decrease) in Invested Capital	61	-19	20	282	-11	45	-83	746	11	316	411
Enterprise Value (EV)	717	617	737	1,025	1,109	1,565	2,213	3,008	3,110	3,509	4,332
Market Capitalization	406	326	425	434	528	831	1,568	1,611	1,651	1,956	2,339
Book Value per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($2.49)	($2.39)	($2.55)	($3.71)	$0.69	$0.11
Tangible Book Value per Share	($1.12)	($1.07)	($1.13)	($6.04)	($5.75)	($5.62)	($5.36)	($10.27)	($11.86)	($5.02)	($7.04)
Total Capital	352	393	423	700	833	884	795	1,551	1,542	1,911	2,351
Total Debt	352	393	423	700	833	992	899	1,662	1,704	1,875	2,344
Total Long-Term Debt	352	393	423	700	833	992	899	1,647	1,674	1,875	2,344
Net Debt	311	291	311	591	581	734	645	1,397	1,459	1,553	1,993
Capital Expenditures (CapEx)	19	11	18	12	8.93	13	23	141	94	119	264
Debt-free, Cash-free Net Working Capital (DFCFNWC)	26	11	14	-8.46	-7.06	-3.23	-78	-34	12	52	33
Debt-free Net Working Capital (DFNWC)	26	11	19	-3.94	-1.51	1.01	-74	-26	16	57	44
Net Working Capital (NWC)	26	11	19	-3.94	-1.51	1.01	-74	-41	-14	57	44
Net Nonoperating Expense (NNE)	11	15	19	35	28	-362	26	50	110	59	4.91
Net Nonoperating Obligations (NNO)	311	291	312	594	583	737	650	1,402	1,465	1,584	2,024
Total Depreciation and Amortization (D&A)	21	21	23	33	35	43	51	72	104	103	127
Debt-free, Cash-free Net Working Capital to Revenue	4.47%	2.51%	2.60%	-1.29%	-1.21%	-0.34%	-11.14%	-3.28%	1.17%	5.50%	3.29%
Debt-free Net Working Capital to Revenue	4.47%	2.52%	3.47%	-0.60%	-0.26%	0.11%	-10.53%	-2.51%	1.54%	6.07%	4.37%
Net Working Capital to Revenue	4.47%	2.52%	3.47%	-0.60%	-0.26%	0.11%	-10.53%	-3.95%	-1.40%	6.07%	4.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.10	$4.16	$4.18	$2.65	$2.61	$4.18	$0.00	$3.66	$2.90	$2.99	$3.30
Adjusted Weighted Average Basic Shares Outstanding	24.47M	44.98M	48.70M	24.39M	24.41M	33.59M	0.00	43.49M	43.58M	47.45M	53.50M
Adjusted Diluted Earnings per Share	$5.04	$4.14	$4.18	$2.65	$2.61	$4.18	$0.00	$3.66	$2.89	$2.99	$3.30
Adjusted Weighted Average Diluted Shares Outstanding	24.71M	45.12M	48.75M	24.40M	24.42M	33.60M	0.00	43.51M	43.61M	47.48M	53.55M
Adjusted Basic & Diluted Earnings per Share	$2.54	$2.19	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.00M	1.80M	0.00	24.91M	24.41M	33.59M	0.00	43.49M	43.58M	47.45M	53.50M
Normalized Net Operating Profit after Tax (NOPAT)	54	78	62	125	125	180	190	209	251	202	181
Normalized NOPAT Margin	9.17%	17.30%	11.47%	19.01%	21.33%	18.98%	27.15%	20.18%	24.64%	21.49%	17.90%
Pre Tax Income Margin	11.20%	14.04%	12.86%	13.79%	16.73%	16.86%	23.54%	15.38%	12.49%	15.22%	17.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.25	5.72	3.68	3.05	2.65	4.19	3.80	2.55	1.67	1.34	1.01
NOPAT to Interest Expense	7.27	5.71	3.69	3.03	2.63	4.19	3.79	2.54	1.65	1.34	1.01
EBIT Less CapEx to Interest Expense	5.45	4.90	2.93	2.75	2.46	3.88	3.34	0.84	1.01	0.56	-0.46
NOPAT Less CapEx to Interest Expense	5.47	4.89	2.94	2.73	2.44	3.88	3.34	0.83	0.99	0.55	-0.46
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	93.47%	0.00%	0.00%	109.55%	85.83%	28.21%	78.42%	85.02%	112.12%	103.46%	85.56%
Augmented Payout Ratio	93.47%	0.00%	0.00%	109.55%	85.83%	28.21%	78.42%	85.02%	112.12%	103.46%	91.23%

This table displays calculated financial ratios and metrics derived from Delek Logistics Partners' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	53,512,343.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	53,512,343.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.60
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.19%	-5.54%	3.51%	7.18%	-22.39%	-17.43%	-0.85%	-6.91%	22.05%	21.87%	19.02%
EBITDA Growth	10.80%	-4.92%	7.04%	10.34%	-39.60%	-21.49%	-19.11%	-15.82%	50.06%	13.83%	0.61%
EBIT Growth	5.93%	-14.78%	1.22%	14.23%	-49.21%	-27.94%	-26.41%	-23.42%	42.57%	-3.99%	-15.93%
NOPAT Growth	6.52%	-17.53%	0.76%	14.96%	-49.19%	-25.80%	-25.86%	-23.72%	42.19%	-3.65%	-15.55%
Net Income Growth	-22.05%	-48.13%	-12.63%	28.72%	-3.31%	59.40%	19.56%	8.56%	35.30%	33.95%	-17.12%
EPS Growth	-22.33%	-48.98%	-15.12%	19.18%	-11.25%	36.00%	0.00%	-4.60%	19.72%	30.88%	-17.81%
Operating Cash Flow Growth	-71.52%	208.90%	50.25%	153.20%	-46.73%	-56.49%	-28.06%	22.57%	120.24%	-13.41%	440.02%
Free Cash Flow Firm Growth	40.14%	105.83%	112.85%	186.04%	41.25%	-798.29%	-708.73%	-533.12%	-224.25%	-34.50%	131.74%
Invested Capital Growth	26.02%	0.89%	-2.18%	-5.12%	11.77%	24.29%	46.53%	50.16%	30.39%	25.39%	-7.24%
Revenue Q/Q Growth	11.71%	-7.86%	-0.82%	4.98%	-19.11%	-1.97%	19.09%	-1.43%	6.06%	-2.11%	16.30%
EBITDA Q/Q Growth	3.97%	-10.78%	17.12%	1.57%	-43.09%	15.97%	20.68%	5.70%	1.45%	-12.03%	6.67%
EBIT Q/Q Growth	4.32%	-15.61%	22.57%	5.85%	-53.62%	19.73%	25.17%	10.16%	-13.64%	-19.37%	9.61%
NOPAT Q/Q Growth	4.80%	-17.67%	24.54%	6.98%	-53.68%	20.23%	24.44%	10.07%	-13.66%	-18.53%	9.06%
Net Income Q/Q Growth	9.18%	-36.40%	47.41%	25.76%	-17.98%	4.84%	10.56%	14.19%	2.21%	3.80%	-31.59%
EPS Q/Q Growth	9.59%	-37.50%	46.00%	19.18%	-18.39%	-4.23%	7.35%	13.70%	2.41%	4.71%	-32.58%
Operating Cash Flow Q/Q Growth	35.29%	144.92%	-61.76%	99.82%	-71.54%	100.04%	-36.77%	240.48%	-48.86%	-21.36%	294.34%
Free Cash Flow Firm Q/Q Growth	-37.41%	118.03%	134.27%	48.28%	-193.83%	-114.23%	-104.23%	-5.50%	29.75%	11.14%	148.19%
Invested Capital Q/Q Growth	0.25%	-5.13%	1.61%	-1.82%	18.09%	5.50%	19.79%	0.62%	2.54%	1.46%	-11.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.13%	29.25%	28.37%	28.10%	22.82%	23.35%	21.51%	25.81%	20.65%	17.16%	15.77%
EBITDA Margin	32.51%	31.47%	37.17%	35.96%	25.30%	29.93%	30.32%	32.52%	31.10%	27.95%	25.63%
Operating Margin	22.68%	20.66%	25.60%	25.87%	14.86%	18.11%	19.04%	21.29%	17.36%	14.25%	13.45%
EBIT Margin	22.68%	20.77%	25.67%	25.89%	14.84%	18.13%	19.05%	21.29%	17.34%	14.28%	13.46%
Profit (Net Income) Margin	12.63%	8.71%	12.95%	15.52%	15.73%	16.82%	15.62%	18.09%	17.44%	18.49%	10.88%
Tax Burden Percent	99.64%	97.71%	99.01%	99.86%	99.56%	100.15%	99.54%	99.45%	99.25%	100.67%	100.00%
Interest Burden Percent	55.87%	42.94%	50.95%	60.02%	106.45%	92.66%	82.35%	85.44%	101.33%	128.61%	80.81%
Effective Tax Rate	0.36%	2.29%	0.99%	0.14%	0.44%	-0.15%	0.46%	0.55%	0.75%	-0.67%	0.00%
Return on Invested Capital (ROIC)	19.00%	15.89%	19.49%	20.26%	10.02%	11.68%	10.90%	11.98%	9.43%	7.97%	7.63%
ROIC Less NNEP Spread (ROIC-NNEP)	16.97%	13.85%	17.29%	18.34%	10.15%	11.50%	10.38%	11.52%	9.46%	8.55%	7.22%
Return on Net Nonoperating Assets (RNNOA)	-181.93%	-145.65%	-306.69%	-289.16%	-170.34%	-277.44%	606.04%	-1,950.51%	-1,219.85%	741.02%	341.81%
Return on Equity (ROE)	-162.93%	-129.77%	-287.20%	-268.90%	-160.32%	-265.76%	616.95%	-1,938.53%	-1,210.42%	748.99%	349.44%
Cash Return on Invested Capital (CROIC)	-2.91%	17.37%	19.92%	23.69%	3.71%	-7.82%	-26.38%	-29.69%	-16.05%	-12.59%	16.82%
Operating Return on Assets (OROA)	14.03%	12.76%	15.79%	16.34%	7.97%	9.26%	8.83%	8.96%	7.13%	6.00%	5.38%
Return on Assets (ROA)	7.81%	5.35%	7.97%	9.80%	8.44%	8.59%	7.24%	7.61%	7.17%	7.77%	4.35%
Return on Common Equity (ROCE)	-162.93%	-129.77%	-287.20%	-268.90%	-221.23%	-265.76%	616.95%	-1,938.53%	-4,276.32%	748.99%	349.44%
Return on Equity Simple (ROE_SIMPLE)	-105.49%	0.00%	-286.14%	-254.70%	-112.53%	0.00%	153.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	62	51	64	68	32	38	47	52	45	37	40
NOPAT Margin	22.60%	20.19%	25.35%	25.83%	14.79%	18.14%	18.96%	21.17%	17.23%	14.34%	13.45%
Net Nonoperating Expense Percent (NNEP)	2.03%	2.03%	2.20%	1.92%	-0.13%	0.18%	0.52%	0.46%	-0.03%	-0.59%	0.42%
Return On Investment Capital (ROIC_SIMPLE)	-	3.33%	-	-	-	1.99%	2.11%	2.32%	1.95%	1.56%	1.76%
Cost of Revenue to Revenue	74.87%	70.75%	71.63%	71.90%	77.18%	76.65%	78.49%	74.19%	79.35%	82.84%	84.23%
SG&A Expenses to Revenue	2.01%	2.01%	1.93%	2.27%	7.36%	4.44%	3.55%	3.63%	1.73%	2.47%	1.44%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	2.45%	8.59%	2.77%	2.23%	7.96%	5.24%	2.46%	4.53%	3.29%	2.91%	2.32%
Earnings before Interest and Taxes (EBIT)	63	53	65	69	32	38	48	52	45	37	40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	90	80	94	95	54	63	76	80	81	71	76
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	55.05	23.81	71.79	136.09	382.51	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.60	1.62	1.72	1.83	2.09	2.08	2.47	2.50	2.46	2.31	2.51
Price to Earnings (P/E)	11.28	13.08	14.58	14.63	15.91	13.78	15.65	15.13	14.52	13.25	15.71
Dividend Yield	8.03%	8.20%	10.43%	10.39%	9.74%	10.47%	10.09%	10.26%	9.97%	10.19%	8.98%
Earnings Yield	8.87%	7.65%	6.86%	6.83%	6.29%	7.26%	6.39%	6.61%	6.88%	7.55%	6.37%
Enterprise Value to Invested Capital (EV/IC)	2.29	2.39	2.36	2.49	2.41	2.17	2.14	2.15	2.17	2.13	2.48
Enterprise Value to Revenue (EV/Rev)	3.04	3.05	3.04	3.09	3.75	3.73	4.42	4.55	4.48	4.28	4.20
Enterprise Value to EBITDA (EV/EBITDA)	9.07	9.06	8.94	9.03	11.44	11.47	14.40	15.34	14.45	14.04	14.43
Enterprise Value to EBIT (EV/EBIT)	12.68	13.00	13.02	13.02	16.97	17.28	22.30	24.64	23.63	23.82	25.58
Enterprise Value to NOPAT (EV/NOPAT)	12.73	13.14	13.18	13.15	17.14	17.36	22.36	24.73	23.73	23.89	25.63
Enterprise Value to Operating Cash Flow (EV/OCF)	592.73	13.80	13.02	11.05	13.63	17.00	21.37	19.58	17.77	18.27	11.86
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	13.81	11.72	10.24	68.46	0.00	0.00	0.00	0.00	0.00	14.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-12.51	-10.53	-37.71	-30.53	-41.99	52.79	22.02	69.13	130.97	383.45	-113.86
Long-Term Debt to Equity	-12.41	-10.34	-37.71	-30.53	-41.99	52.79	22.02	69.13	130.97	383.45	-113.86
Financial Leverage	-10.72	-10.52	-17.74	-15.76	-16.78	-24.13	58.36	-169.31	-128.94	86.63	47.37
Leverage Ratio	-13.21	-12.19	-20.93	-18.34	-19.92	-29.16	73.68	-226.56	-170.36	115.77	68.63
Compound Leverage Factor	-7.38	-5.23	-10.66	-11.01	-21.20	-27.02	60.67	-193.57	-172.62	148.89	55.46
Debt to Total Capital	108.68%	110.50%	102.72%	103.39%	102.44%	98.14%	95.66%	98.57%	99.24%	99.74%	100.89%
Short-Term Debt to Total Capital	0.94%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	107.75%	108.55%	102.72%	103.39%	102.44%	98.14%	95.66%	98.57%	99.24%	99.74%	100.89%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	3.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-8.68%	-10.50%	-2.72%	-3.39%	-6.22%	1.86%	4.34%	1.43%	0.76%	0.26%	-0.89%
Debt to EBITDA	5.01	4.96	4.58	4.37	5.86	6.13	7.45	8.10	7.63	7.60	7.42
Net Debt to EBITDA	4.30	4.25	3.87	3.70	4.84	5.08	6.34	6.93	6.52	6.46	5.80
Long-Term Debt to EBITDA	4.97	4.87	4.58	4.37	5.86	6.13	7.45	8.10	7.63	7.60	7.42
Debt to NOPAT	7.03	7.20	6.75	6.36	8.79	9.28	11.57	13.06	12.53	12.93	13.19
Net Debt to NOPAT	6.04	6.16	5.71	5.38	7.26	7.68	9.85	11.16	10.71	10.99	10.30
Long-Term Debt to NOPAT	6.97	7.07	6.75	6.36	8.79	9.28	11.57	13.06	12.53	12.93	13.19
Altman Z-Score	1.29	1.27	1.41	1.49	1.18	1.14	1.09	0.89	0.93	0.93	0.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	-37.99%	0.00%	0.00%	0.00%	-253.29%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.38	0.84	1.84	1.38	1.24	1.64	1.61	0.93	1.03	1.12	0.96
Quick Ratio	1.32	0.81	1.81	1.34	1.14	1.31	1.51	0.88	0.98	1.06	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-221	40	93	138	-130	-278	-568	-600	-421	-374	180
Operating Cash Flow to CapEx	1,827.79%	311.18%	391.14%	1,551.13%	44.58%	107.66%	61.67%	94.31%	79.99%	142.37%	351.68%
Free Cash Flow to Firm to Interest Expense	-5.99	1.03	2.32	3.93	-3.51	-7.24	-13.83	-14.38	-8.78	-7.72	3.50
Operating Cash Flow to Interest Expense	1.27	2.97	1.09	2.48	0.67	1.30	0.77	2.58	1.14	0.89	3.30
Operating Cash Flow Less CapEx to Interest Expense	1.20	2.01	0.81	2.32	-0.84	0.09	-0.48	-0.16	-0.29	0.27	2.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.62	0.61	0.62	0.63	0.54	0.51	0.46	0.42	0.41	0.42	0.40
Accounts Receivable Turnover	12.80	16.61	13.35	12.94	10.92	10.43	7.88	3.85	4.52	4.24	3.29
Inventory Turnover	228.64	392.55	346.06	313.25	163.27	181.22	138.16	74.63	64.22	68.39	57.55
Fixed Asset Turnover	1.14	1.10	1.10	1.13	1.00	0.94	0.83	0.79	0.79	0.81	0.77
Accounts Payable Turnover	5.96	16.39	27.68	37.16	22.33	20.60	16.52	3.45	4.34	4.78	3.00
Days Sales Outstanding (DSO)	28.51	21.98	27.33	28.21	33.42	35.00	46.32	94.83	80.71	86.15	110.99
Days Inventory Outstanding (DIO)	1.60	0.93	1.05	1.17	2.24	2.01	2.64	4.89	5.68	5.34	6.34
Days Payable Outstanding (DPO)	61.24	22.27	13.18	9.82	16.35	17.72	22.09	105.77	84.16	76.44	121.69
Cash Conversion Cycle (CCC)	-31.14	0.64	15.21	19.55	19.31	19.29	26.87	-6.05	2.23	15.06	-4.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,373	1,303	1,324	1,300	1,535	1,619	1,939	1,951	2,001	2,030	1,799
Invested Capital Turnover	0.84	0.79	0.77	0.78	0.68	0.64	0.58	0.57	0.55	0.56	0.57
Increase / (Decrease) in Invested Capital	283	11	-29	-70	162	316	616	652	466	411	-140
Enterprise Value (EV)	3,151	3,110	3,125	3,237	3,695	3,509	4,146	4,186	4,333	4,332	4,460
Market Capitalization	1,656	1,651	1,771	1,912	2,061	1,956	2,320	2,297	2,378	2,339	2,667
Book Value per Share	($3.19)	($3.71)	($0.96)	($1.09)	($2.44)	$0.69	$1.82	$0.60	$0.33	$0.11	($0.38)
Tangible Book Value per Share	($10.46)	($11.86)	($7.47)	($7.08)	($8.78)	($5.02)	($5.19)	($6.71)	($6.87)	($7.04)	($7.52)
Total Capital	1,602	1,542	1,559	1,515	1,849	1,911	2,243	2,243	2,306	2,351	2,274
Total Debt	1,741	1,704	1,601	1,566	1,894	1,875	2,146	2,211	2,288	2,344	2,295
Total Long-Term Debt	1,726	1,674	1,601	1,566	1,894	1,875	2,146	2,211	2,288	2,344	2,295
Net Debt	1,495	1,459	1,353	1,325	1,564	1,553	1,826	1,890	1,956	1,993	1,792
Capital Expenditures (CapEx)	2.56	37	11	5.65	56	46	51	114	69	30	48
Debt-free, Cash-free Net Working Capital (DFCFNWC)	43	12	39	21	9.04	52	57	-34	5.65	33	-35
Debt-free Net Working Capital (DFNWC)	47	16	48	27	16	57	59	-33	13	44	-25
Net Working Capital (NWC)	32	-14	48	27	16	57	59	-33	13	44	-25
Net Nonoperating Expense (NNE)	28	29	31	27	-2.01	2.77	8.34	7.58	-0.53	-11	7.66
Net Nonoperating Obligations (NNO)	1,512	1,465	1,366	1,351	1,580	1,584	1,842	1,919	1,984	2,024	1,819
Total Depreciation and Amortization (D&A)	27	27	29	27	22	25	28	28	36	35	36
Debt-free, Cash-free Net Working Capital to Revenue	4.16%	1.17%	3.76%	2.05%	0.92%	5.50%	6.11%	-3.72%	0.58%	3.29%	-3.26%
Debt-free Net Working Capital to Revenue	4.57%	1.54%	4.70%	2.54%	1.66%	6.07%	6.33%	-3.56%	1.30%	4.37%	-2.32%
Net Working Capital to Revenue	3.12%	-1.40%	4.70%	2.54%	1.66%	6.07%	6.33%	-3.56%	1.30%	4.37%	-2.32%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.80	$0.51	$0.74	$0.87	$0.71	$0.67	$0.73	$0.83	$0.85	$0.89	$0.60
Adjusted Weighted Average Basic Shares Outstanding	43.59M	43.58M	44.41M	47.22M	47.11M	47.45M	53.60M	53.45M	53.47M	53.50M	53.51M
Adjusted Diluted Earnings per Share	$0.80	$0.50	$0.73	$0.87	$0.71	$0.68	$0.73	$0.83	$0.85	$0.89	$0.60
Adjusted Weighted Average Diluted Shares Outstanding	43.60M	43.61M	44.42M	47.23M	47.14M	47.48M	53.63M	53.47M	53.52M	53.55M	53.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.59M	43.58M	44.41M	47.22M	47.11M	47.45M	53.60M	53.45M	53.47M	53.50M	53.51M
Normalized Net Operating Profit after Tax (NOPAT)	62	51	64	68	32	27	47	52	45	26	28
Normalized NOPAT Margin	22.60%	20.19%	25.35%	25.83%	14.79%	12.68%	18.96%	21.17%	17.23%	9.97%	9.42%
Pre Tax Income Margin	12.67%	8.92%	13.08%	15.54%	15.80%	16.80%	15.69%	18.19%	17.57%	18.37%	10.88%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.70	1.37	1.61	1.94	0.86	0.99	1.16	1.26	0.94	0.75	0.78
NOPAT to Interest Expense	1.69	1.33	1.59	1.94	0.86	0.99	1.15	1.25	0.94	0.76	0.78
EBIT Less CapEx to Interest Expense	1.63	0.41	1.33	1.78	-0.65	-0.22	-0.09	-1.47	-0.49	0.13	-0.16
NOPAT Less CapEx to Interest Expense	1.62	0.37	1.31	1.78	-0.66	-0.22	-0.09	-1.48	-0.49	0.13	-0.16
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	95.14%	112.12%	117.46%	110.41%	112.68%	103.46%	100.03%	98.30%	91.55%	85.56%	89.17%
Augmented Payout Ratio	95.14%	112.12%	117.46%	110.41%	112.68%	103.46%	100.03%	98.30%	91.55%	91.23%	89.17%

Financials Breakdown Chart

Key Financial Trends

Here are the top takeaways from Delek Logistics Partners (NYSE: DKL) using the last four years of quarterly statements. Items are sorted with positives first, then neutral, then negatives, to help you gauge potential upside and risk.

Solid 4Q 2025 profitability Net income attributable to common shareholders: $47,292,000 with basic/diluted EPS of $0.89, up from 4Q 2024 (net income $35,305,000; EPS $0.67).
Stabilized revenue base in 2025 Operating revenue remains in the mid‑$200s millions per quarter, e.g., 4Q 2025: $255,766,000; 3Q 2025: $261,277,000; 2Q 2025: $246,350,000; 1Q 2025: $249,930,000.
Strong quarterly gross margin in mid‑year 2025 2Q 2025 gross margin about 25.8% (gross profit $63,585,000 on $246,350,000 revenue), indicating efficient quarter.
Healthy cash flow from operations in 2025 Cash from continuing operating activities peaked in 2Q 2025 at about $107.4 million and remained positive in other quarters (e.g., 4Q 2025: $43.2 million).
Steady distribution policy Cash dividends per share stayed roughly between $1.11 and $1.13 across 2025 (Q1: $1.11; Q2: $1.115; Q3: $1.12; Q4: $1.13).
Asset base growth Plant, Property & Equipment net rose to about $1.419 billion by 2025 Q3, contributing to a total asset base near $2.75 billion.
Debt funding used to fuel growth 2025 debt issuances totaled roughly $2.23 billion (Q1: $834.9M; Q2: $931.4M; Q3: $277.0M; Q4: $191.0M).
Leverage remains high Long‑term debt around $2.2–$2.3 billion and total liabilities near $2.7 billion as of 2025 Q3, reflecting substantial capitalization.
Ongoing capex cadence Material capital expenditures in 2025 (e.g., 2Q: ~$114.5M; 3Q: ~$67.2M; 4Q: ~$30.6M; 1Q: ~$55.5M) consistent with asset buildout.
Margin pressure in Q4 2025 Gross margin dropped to about 17% (4Q 2025 gross profit $43.88M on $255.77M revenue), signaling some near‑term pressure.
Investing cash outflows compress free cash flow Consistent negative investing cash flows in 2025 (e.g., 2Q: −$112.9M; 3Q: −$63.98M; 4Q: −$32.54M), driven by capex and asset purchases.

05/14/26 12:14 PM ETAI Generated. May Contain Errors.

Delek Logistics Partners Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Delek Logistics Partners' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Delek Logistics Partners' net income appears to be on an upward trend, with a most recent value of $176.46 million in 2025, rising from $66.21 million in 2015. The previous period was $142.69 million in 2024. Check out Delek Logistics Partners' forecast to explore projected trends and price targets.

Delek Logistics Partners' total operating income in 2025 was $181.84 million, based on the following breakdown:

Total Gross Profit: $215.17 million
Total Operating Expenses: $33.33 million

Over the last 10 years, Delek Logistics Partners' total revenue changed from $589.67 million in 2015 to $1.01 billion in 2025, a change of 71.8%.

Delek Logistics Partners' total liabilities were at $2.77 billion at the end of 2025, a 38.2% increase from 2024, and a 638.9% increase since 2015.

In the past 10 years, Delek Logistics Partners' cash and equivalents has ranged from $0.00 in 2015 to $10.89 million in 2025, and is currently $10.89 million as of their latest financial filing in 2025.

Over the last 10 years, Delek Logistics Partners' book value per share changed from 0.00 in 2015 to 0.11 in 2025, a change of 11.4%.

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Financial statements for NYSE:DKL last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Delek Logistics Partners (DKL) Financials

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