Delek Logistics Partners, LP · Pipe Lines

DKL

Moderate riskNext report: Around Nov 6 (est.)

View price ↗

The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 56% in the latest quarter vs a year ago
Profitable every year for 10 years

Money moves

No insider buying or selling in the last 30 days
Institutions added 2.4% to their holdings in the quarter ending June 2026 (39 bought, 25 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$57.40+0.1% that day

Company value: $3.1B; Share price times all shares
Price vs profit (P/E): 17.3x; You pay about $17 for each $1 of yearly profit
Price vs sales: 2.5x; Company value is 2.5 times a year of sales
Cash vs value: 0%; Cash as a share of company value
Debt vs value: 77%; Debt as a share of company value

From DKL's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26 (worked out from yearly totals)

$384.8M+56% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.2B, up 30% from the 12 months before. Over 5 years, sales grew about 13% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of DKL. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +30% a yearProfit margin13%Last 12 months: 12.8%P/E at the end17xToday: 17.3x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$4.5B

Profit in 5 years$579M

Price these guesses point to$184.98+222% vs $57.40 todayAbout +26% a year, before dividends

What today's price needs: with a 13% margin and a 17x P/E, sales would have to grow about 2.9% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/3Mixed

PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.17.4%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$30.6M

Revenue: $1.0B; +7.7% vs prior year
5-year growth: +12.5%/yr; revenue, per year
Total debt: $2.3B
Current ratio: 1.12x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 5

Revenue: $384.8M; +56.2% YoY
Op. margin: 16.1%; -5.2 pts
Gross margin: 17.2%; -8.6 pts
Free cash flow: $11.7M
Share count: -0.5%; vs a year ago

Some values are worked out from year-to-date totals in the annual report.

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

42/ 100

This week: 1
Normal week: 1.4
vs normal: 0.7x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+2.4%

Institutions added 2.4% to their holdings. 39 bought, 25 sold. 2 quarters of net buying in a row.

Shares held by institutions11.7M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+6.9%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

$2.4B debt

Shares outstandingLatest reported

53M

Why moderate risk

Share count growing 6.9% a year
1 offering filing in 6 months (may sell new shares)

Earnings reports

Last 12

Next reportAround Nov 6 (est.)Estimated from the same quarter last year

Results filedAug 5
Results filedApr 29
Results filedFeb 27
Results filedNov 7, 2025
Results filedAug 6, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Oct 7 · View filing ↗Big holder Offering prospectusAug 12 · View filing ↗Offering

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Other company newsOct 23 · Form 8-K ↗5%+ holder update (passive)Oct 7 · Form SCHEDULE 13G/A ↗

Shares withheld for taxesMark Wayne HobbsEVP

659 shares at $57.00 · $38K

-3% of holdings
Now owns 23,466 shares
Filed 4 days after trade

Sep 10Form 4 ↗

Shares withheld for taxesRobert G. WrightEVP, Chief Financial Officer

229 shares at $57.00 · $13K

-3% of holdings
Now owns 7,765 shares
Filed 4 days after trade

Sep 10Form 4 ↗

Shares withheld for taxesAvigal SoreqPresident, Director

3,038 shares at $57.00 · $173K

-4% of holdings
Now owns 81,744 shares
Filed 4 days after trade

Sep 10Form 4 ↗

Shares withheld for taxesReuven SpiegelEVP, Delek Logistics, Director

743 shares at $57.00 · $42K

-3% of holdings
Now owns 28,806 shares
Filed 4 days after trade

Sep 10Form 4 ↗

BoughtEzra Uzi YeminChairman, Director

6,000 shares at $50.00 · $300K

+4% of holdings
Now owns 168,217 shares
Held by Yemin Investments, LP
Filed 4 days after trade

Aug 13Form 4 ↗

BoughtRobert G. WrightEVP, Chief Financial Officer

1,500 shares at $50.00 · $75K

+23% of holdings
Now owns 7,994 shares
Filed 4 days after trade

Aug 13Form 4 ↗

Insider tradeAug 17 · Form 4 ↗Insider tradeAug 17 · Form 4 ↗Insider tradeAug 17 · Form 4 ↗Offering prospectusAug 14 · Form 424B2 ↗Major agreementAug 14 · Form 8-K ↗Investor disclosureAug 14 · Form 8-K ↗Other company newsAug 13 · Form 8-K ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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