DKL

Energy

Delek Logistics Partners, LP · Oil & Gas Midstream · $3B

UQS Score — Balanced Preset
56.6
Good

Delek Logistics Partners, LP scores 56.6/100 using the Balanced preset.

UQS vs Energy Sector
DKL
56.6
Sector avg
43.5
Quality
Good
Moat
Weak
Growth
Neutral
Risk
Neutral
Valuation
Attractive

What is Delek Logistics Partners, LP?

Delek Logistics Partners, LP is a midstream energy partnership that moves, stores, and markets crude oil and refined products across the United States. Headquartered in Brentwood, Tennessee, the partnership was formed in 2012.

The partnership generates revenue by providing pipeline transportation, crude oil gathering, storage, and wholesale marketing services — primarily in support of affiliated refineries in Texas and Arkansas, while also serving independent third parties. Its asset base spans hundreds of miles of crude oil and refined product pipelines, trucking operations, storage tanks, and terminal facilities. It also holds ownership stakes in pipeline joint ventures that serve both affiliated and third-party customers.

Delek Logistics Partners was incorporated in 2012 and is headquartered in Brentwood, Tennessee.

  • Crude oil gathering and transportation pipelines
  • Refined product pipeline and storage services
  • Wholesale marketing and terminalling for refined products
  • Investments in crude oil pipeline joint ventures
  • Truck transportation and ancillary logistics assets

Is DKL a Good Stock to Buy?

UQS Score rates DKL as Below Average overall, reflecting meaningful challenges across several key quality dimensions.

Among the five pillars, Valuation stands out as Attractive, suggesting the market may already be pricing in the partnership's headwinds. Quality and Growth both register as Neutral, indicating neither a clear drag nor a standout advantage in those areas.

The Moat and Risk pillars both score Weak, pointing to limited competitive differentiation and elevated financial or operational risk relative to peers — factors that warrant careful consideration.

See the full pillar breakdown and underlying financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does DKL pay dividends?

Yes — Delek Logistics Partners, LP pays a dividend.

Delek Logistics Partners pays a regular distribution to unitholders, consistent with the master limited partnership structure that prioritizes returning cash to investors. The partnership's midstream fee-based revenues are designed to support ongoing distributions, though the Weak Risk pillar rating suggests investors should weigh distribution sustainability carefully against the partnership's leverage profile.

When does DKL report earnings?

Delek Logistics Partners reports financial results on a quarterly cadence, typical for US-listed partnerships.

Results have reflected the partnership's reliance on affiliated refinery throughput volumes alongside contributions from third-party customers. Revenue trends are tied closely to pipeline utilization and wholesale marketing activity across its operating segments.

For the most recent quarter's results and distribution announcements, visit Delek Logistics Partners' investor relations page directly.

DKL Price History

+74.2% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Delek Logistics Partners, LP?

$
Today it would be worth
$20,843
That's a +108% total return, or +15.8% annualized.

Based on Delek Logistics Partners, LP's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

DKL Long-term Outlook

The fundamental outlook for DKL is shaped by Neutral Growth and Weak Risk pillar ratings. The partnership's fee-based midstream model provides some revenue visibility, but meaningful exposure to affiliated refinery operations and a leveraged balance sheet limit upside potential. Valuation appears Attractive relative to the partnership's current profile, though that alone may not offset the structural risks embedded in the Moat and Risk assessments.

Growth drivers

  • Expansion of third-party pipeline and terminalling volumes
  • Contributions from pipeline joint venture investments
  • Potential dropdown acquisitions from the Delek US parent

Key risks

  • High dependence on affiliated refinery throughput for revenue
  • Elevated leverage typical of MLP structures, flagged in the Weak Risk pillar
  • Limited competitive moat in a commoditized midstream segment

DKL vs Peers

DKL operates in a competitive midstream and logistics landscape alongside a range of energy infrastructure and transportation companies.

TNKSimilar UQS
Teekay Tankers Ltd.

Teekay Tankers focuses on marine crude oil transportation globally, giving it a very different geographic and asset footprint compared to DKL's domestic pipeline and terminal operations.

SUNCDKL scores higher
SunocoCorp LLC

Sunoco operates a large-scale fuel distribution and wholesale marketing network, competing with DKL's terminalling and wholesale refined products segment.

SEAL-PBDKL scores higher
Seapeak LLC

Seapeak specializes in liquefied natural gas and midstream marine logistics, representing a distinct asset class from DKL's land-based crude and refined product infrastructure.

Frequently Asked Questions

What does Delek Logistics Partners do?

Delek Logistics Partners owns and operates pipelines, storage tanks, trucks, and terminal facilities that gather, transport, and store crude oil and refined products. It also provides wholesale marketing services and holds stakes in pipeline joint ventures, serving both affiliated refineries and independent third parties across the United States.

Does DKL pay dividends?

Yes, DKL pays regular distributions to unitholders as a master limited partnership. The distribution cadence is a core feature of the MLP structure. However, given the Weak Risk pillar rating, investors should review the partnership's leverage and coverage metrics before relying on distribution continuity.

When does DKL report earnings?

Delek Logistics Partners reports on a quarterly cadence, consistent with US-listed partnerships. For exact release dates and the most recent financial results, check the investor relations section of the Delek Logistics Partners website.

Is DKL a good stock to buy?

UQS Score rates DKL as Below Average, driven by Weak Moat and Risk pillar scores. The Valuation pillar is Attractive, which may interest income-focused investors, but the overall profile suggests meaningful risks that should be weighed carefully. The full pillar breakdown is available to Pro members.

Is DKL overvalued?

Based on the UQS Valuation pillar, DKL is rated Attractive — meaning the current market price appears to reflect, or more than reflect, the partnership's fundamental challenges. That said, an attractive valuation does not eliminate the risks flagged in the Moat and Risk pillars.

How does DKL compare to its competitors?

DKL focuses on domestic land-based pipeline and terminalling logistics, which distinguishes it from marine-focused peers like Teekay Tankers and Seapeak. Sunoco's wholesale fuel distribution network overlaps more directly with DKL's marketing segment. Each competitor carries a different risk and asset profile.

What is DKL's market cap bracket?

Delek Logistics Partners is classified as a mid-cap partnership. This places it in a range where liquidity is generally reasonable, but the unit count and float may be smaller than large-cap energy infrastructure peers, which can affect trading dynamics.

Who founded Delek Logistics Partners?

Delek Logistics Partners was formed in 2012 as a subsidiary of Delek US Holdings, which serves as the sponsoring parent. Delek Logistics GP, LLC acts as the general partner of the partnership. Further founding context is available through public filings and the company's investor relations materials.

Is DKL a long-term quality investment?

As a long-term quality indicator, the UQS Score rates DKL as Below Average. The Weak Moat pillar suggests limited durable competitive advantages, and the Weak Risk pillar points to structural vulnerabilities. Long-term investors focused on quality may want to review the full analysis before committing capital.

What is the main competitive advantage of Delek Logistics Partners?

DKL's primary advantage lies in its integrated relationship with Delek US Holdings' refinery network, providing a captive volume base for its pipelines and terminals. However, the UQS Moat pillar rates this advantage as Weak, reflecting limited pricing power and competitive differentiation beyond the affiliated customer relationship.

What sector does DKL belong to?

Delek Logistics Partners operates in the Energy sector, specifically within midstream energy infrastructure. Midstream companies focus on the transportation, storage, and processing of oil and gas — sitting between upstream producers and downstream refiners or end consumers.

Is DKL a growth stock or value stock?

Based on UQS pillar labels, DKL leans toward a value or income profile rather than growth. The Growth pillar is Neutral and the Valuation pillar is Attractive, suggesting the market is not pricing in significant expansion. Income-oriented investors may find the distribution yield more relevant than capital appreciation potential.

Unlock Full DKL Analysis

Sign in to unlock the detailed analysis behind the UQS Score.

  • View the exact UQS Score and all five pillar scores
  • Access detailed financial metrics and trend data
  • Compare DKL against sector peers side by side
  • See risk flags and moat assessment in full detail
  • Get the complete analyst-style quality breakdown
  • Track score changes with Pro member alerts
Analyze DKL in Detail →

Pro Analysis

DKL — Score History

404550556065Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 25 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 23, 202656.463.232.058.755.883.50.0
May 22, 202656.463.232.058.755.883.20.0
May 21, 202656.463.232.058.755.883.60.0
May 20, 202656.463.232.058.755.883.30.0
May 19, 202656.463.232.058.755.883.4-0.1
May 15, 202656.563.232.058.755.883.80.0
May 14, 202656.563.232.058.755.884.3+0.1
May 13, 202656.463.232.058.755.883.5-0.1
May 11, 202656.563.232.058.755.883.7+5.4
May 9, 202651.170.532.025.855.879.4+0.5

DKL — Pillar Breakdown

Quality

63.2/100 (25%)

Delek Logistics Partners, LP shows solid profitability with healthy returns on capital and reasonable margins.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityStrong

Profitability relative to shareholders' equity.

Operating ProfitabilityModerate

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationModerate

Free cash flow relative to market value.

Growth

58.7/100 (20%)

Delek Logistics Partners, LP demonstrates healthy growth trends across revenue and earnings.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthModerate

Year-over-year earnings per share growth.

Forward Revenue OutlookStrong

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

55.8/100 (15%)

Delek Logistics Partners, LP maintains a reasonable risk profile with manageable debt levels.

Financial LeverageStrong

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

84.5/100 (15%)

Delek Logistics Partners, LP appears attractively valued relative to its earnings, cash flows, and sector peers.

Earnings YieldStrong

Inverse of forward P/E — higher yield means cheaper stock.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

32/100 (25%)

Delek Logistics Partners, LP operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for DKL.

Score Composition

Quality
63.2×25%15.8
Growth
58.7×20%11.7
Risk
55.8×15%8.4
Valuation
84.5×15%12.7
Moat
32.0×25%8.0
Total
56.6Good

Financial Data

More Stock Analysis

How is the DKL UQS Score Calculated?

The UQS (Unified Quality Score) for Delek Logistics Partners, LP is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Delek Logistics Partners, LP's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Delek Logistics Partners, LP is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.