Delek Logistics Partners LP (DKL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Delek Logistics Partners LP stock $42.74, price $51.77, that is 17.4% below the price, quality 30 out of 100. Rating: overvalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $24.27 – $60.00 · fair‑value band $24.27 – $53.43 · the $51.77 price screens above the $42.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Delek Logistics Partners, LP provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal and recycling customers in the United States.
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The company operates in four segments: Gathering and Processing, Wholesale Marketing and Terminalling, Storage and Transportation, and Investments in Joint Ventures.
It offers tanks, offloading facilities, and trucks and ancillary assets that provide crude oil, hydrocarbon-based products, intermediate and refined products transportation, and storage services. Delek Logistics GP, LLC serves as the general partner of the company.
Delek Logistics Partners, LP was incorporated in 2012 and is headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP operates as a subsidiary of Delek US Holdings, Inc.
Stock analysis
Delek Logistics Partners LP (DKL) currently trades at $51.77, while our model-based Fair Value estimate is $42.74, 17% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of $59.79 per share, and 2 of the 8 models we run sit above the $51.77 price.
Bear case: the Earnings-Based group reads lowest at $26.86, and 6 of the 8 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $24.27 (bear) to $53.43 (bull), the price of $51.77 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Delek Logistics Partners LP reported revenue of $1.0B in FY2025 versus $701M in FY2021, a compound +9.7%/yr. Reported net income was $176M in FY2025, compounding +1.7%/yr from FY2021.
Key figures
Market cap $3.0B Mid · P/E ratio 17.9 · P/S ratio 2.50 · EPS (TTM) $2.89 · Dividend yield 8.7% · Net margin 12.9% · Return on equity 43.9% · Return on assets (EBIT) 12.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −46% fair-value upside, at −17%, DKL screens cheaper than that median.
Fair Value models
Bear$24.27Fair Value $42.74Bull$53.43
Price $51.77 · Downside -17.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
BuyAvigal SoreqPresident, Director2,500 shares at $50.00$125,000Aug 13, 2026
BuyRobert G. WrightEVP, Chief Financial Officer1,500 shares at $50.00$75,000Aug 13, 2026
BuyMark Wayne HobbsEVP4,000 shares at $50.00$200,000Aug 13, 2026
SaleReuven SpiegelExecutive Vice President, DKL, Director4× since Dec 4, 2025: 1,000 shares, avg. $49.61$49,608Mar 4, 202610b5-1 plan
Plus 16 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.59/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.5%
Start year 2020 (pandemic). Over 10 years: +5.6% a year
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+5.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.6%
Dividend (yield on the price)8.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3.6% vs 1.8%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.32% → 18%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 5.4%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: The leveraged midstream profile offers growth potential via Permian projects and third-party volumes, yet extreme leverage with near-zero equity and negative free cash flow limit durable advantage signals.
Main risk: Commodity exposure in refining and marketing risks compressing margins and free cash flow when feedstock costs surge or oil prices swing sharply.
Delek Logistics recently raised equity to fund growth at the Libby Gas Complex, targeting a meaningful EBITDA lift from its Permian assets while shifting toward more third-party volumes. Our models continue to see the units as overvalued despite the 54th straight distribution increase. Will the projects deliver enough incremental cash flow to justify the dilution, or will the added units pressure coverage and growth?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Refining & Marketing · 115 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside−17.4% · Below median
Profitability
Return on equity (12 months)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets6.4% · Top 25%
Net margin (12 months)12.9% · Top 25%
Operating margin (12 months)16.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)56.2% · Top 25%
Dividend yield (12 months)8.7% · Top 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper
P/E (12 months)17.9× · Priciest 25%
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Delek Logistics Partners LP (DKL) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $42.74 versus a price of $51.77, about 17% lower (overvalued).
What is the fair value of DKL?
Our model-based fair value for Delek Logistics Partners LP is $42.74 (as of Nov 8, 2026), built from audited fundamentals. The current price: $51.77.
What is the quality score of DKL?
Delek Logistics Partners LP has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Delek Logistics Partners LP (DKL)?
Our model-based price target is the fair value of $42.74 (as of Nov 8, 2026) from 8 valuation models. Cautious scenario $24.27, optimistic scenario $53.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Delek Logistics Partners LP stock forecast for 2026?
Our models put fair value at $42.74, about 17% lower versus a price of $51.77 (overvalued). Cautious scenario $24.27, optimistic scenario $53.43. The calculation is refreshed regularly with new filings.
What is the revenue of Delek Logistics Partners LP (DKL)?
Delek Logistics Partners LP reported trailing-twelve-month revenue of about $1.2B (latest available figure, as of Nov 8, 2026).
Does Delek Logistics Partners LP pay a dividend?
Delek Logistics Partners LP currently shows a dividend yield of 8.71% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Delek Logistics Partners LP (DKL) and when is the ex-dividend date?
Delek Logistics Partners LP pays a dividend of $4.51 per share a year, a dividend yield of 8.7%. The last ex-dividend date was Nov 3, 2026. A dividend has been paid every year since at least 2013. The payout ratio is 156% of earnings. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Delek Logistics Partners LP (DKL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Delek Logistics Partners LP it is $42.74 per share (as of Nov 8, 2026), against a price of $51.77. It is the blended result of 8 valuation models in 5 families (Earnings-Based, Dividend Discount, Multiples, Economic Profit, Growth Earnings).
Is Delek Logistics Partners LP stock overvalued or undervalued in 2026?
As of Nov 8, 2026, DKL trades above its calculated fair value: price $51.77, fair value $42.74, a gap of about −17% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DKL?
No. The price is what the market pays today ($51.77); the fair value is what the company's own numbers justify ($42.74). For Delek Logistics Partners LP the two are $9.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is Delek Logistics Partners LP worth?
The market values Delek Logistics Partners LP at about $3.0B (market capitalisation, as of Nov 8, 2026). Per share that is $51.77; our models calculate a fair value of $42.74 per share.
What do the bullish and bearish scenarios say about DKL?
Our models span a range for Delek Logistics Partners LP: cautious scenario $24.27, base $42.74, optimistic $53.43 per share (as of Nov 8, 2026, price $51.77). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DKL?
Delek Logistics Partners LP trades at a price-to-earnings ratio of 17.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $42.74 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2023, FY2025 ex one-offs: 11.2. Other multiples: PEG 0.8, P/S 2.5, EV/EBITDA 16.8.
What is the PEG ratio of DKL?
The PEG ratio of Delek Logistics Partners LP is 0.77 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Delek Logistics Partners LP (DKL)?
Balance-sheet figures for Delek Logistics Partners LP (as of Nov 8, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is DKL from its 52-week high?
Delek Logistics Partners LP trades at $51.77, about 14% below its 52-week high of $60.00 and 25% above the low of $41.42 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $42.74 is for.
Which stocks are comparable to Delek Logistics Partners LP?
From the same area (Energy) we also value Reliance Industries Limited, Valero Energy Corporation, Phillips 66, Marathon Petroleum Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Delek Logistics Partners LP stock attractive at the current price?
The data as of Nov 8, 2026: price $51.77, calculated fair value $42.74 (−17%), Quality Score 30/100, from 8 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DKL calculated?
We run Delek Logistics Partners LP through 8 models from 5 families: Earnings-Based, Dividend Discount, Multiples, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $42.74 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Delek Logistics Partners LP itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Delek Logistics Partners LP (DKL)?
The closing price on Nov 6, 2026 was $51.77. Our model-based fair value is $42.74, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Delek Logistics Partners LP right now?
Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($24.27 to $53.43) leaves room in how you read the outcome.
Where does the earnings growth of Delek Logistics Partners LP (DKL) come from?
Earnings per share at Delek Logistics Partners LP grew +1.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −2.5 %, EBIT margin +5.9 %, tax rate −0.1 %, residual (interest, one-offs) −2.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Delek Logistics Partners LP
How large is the market capitalisation of Delek Logistics Partners LP (DKL)?
The market capitalisation of Delek Logistics Partners LP is $3.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Delek Logistics Partners LP (DKL)?
The price-to-sales ratio of Delek Logistics Partners LP is 2.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Delek Logistics Partners LP (DKL)?
Earnings per share at Delek Logistics Partners LP are $2.89 (price ÷ EPS = P/E 17.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Delek Logistics Partners LP (DKL)?
The dividend yield of Delek Logistics Partners LP is 8.7% (payout 156%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Delek Logistics Partners LP (DKL)?
The net margin of Delek Logistics Partners LP is 12.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Delek Logistics Partners LP (DKL)?
The return on equity (ROE) of Delek Logistics Partners LP is 43.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Delek Logistics Partners LP (DKL)?
On an EBIT basis the return on assets of Delek Logistics Partners LP is 12.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Delek Logistics Partners LP (DKL)?
The operating margin of Delek Logistics Partners LP is 16.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Delek Logistics Partners LP (DKL)?
Revenue at Delek Logistics Partners LP is growing +56.2% versus a year earlier (3y avg −0.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Delek Logistics Partners LP (DKL)?
Earnings per share at Delek Logistics Partners LP are growing −34.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Delek Logistics Partners LP (DKL) generate?
The free cash flow of Delek Logistics Partners LP is −$30.6M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Delek Logistics Partners LP (DKL) carry?
The net debt of Delek Logistics Partners LP is $2.4B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 8, 2026