Delek Logistics Partners, LP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Delek Logistics Partners, LP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	448	538	658	584	563	701	1,036	1,020	941	1,013
Cost of revenue	355	432	509	433	357	485	787	735	697	798
Gross profit	93.1	106	149	151	207	216	249	285	244	215
Selling, general and administrative	10.3	11.8	17.2	20.8	22.6	21.5	34.2	24.8	35.9	28.6
Operating expenses	34.9	40.2	55.9	71.3	53.8	59.5	85.4	116	122	167
Operating income	77.7	88.2	126	126	180	191	210	239	203	182
Interest expense	13.6	23.9	41.3	47.3	42.9	50.2	82.3	143	151	179
Interest income							0	0	47.8	113
Other non-operating income	0	0	-0.01	-0.6	-0.13	0.12	0.37	0.3	0.21	0.06
Pre-tax income	62.9	69.2	90.7	97.7	159	165	159	127	143	177
Income tax	0.08	-0.22	0.53	0.97	0.22	0.15	0.38	1.21	0.48	0.46
Net income	62.8	69.4	90.2	96.7	159	165	159	126	143	176
EBITDA	98.5	110	152	153	216	233	273	331	299	307

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	0.06	4.68	4.52	5.55	4.24	4.29	7.97	3.76	5.38	10.9
Receivables	19.2	23	21.6	13.2	15.7	15.4	53.3
Inventory	8.88	20.9	5.49	12.6	3.13	2.41	1.48	2.26	5.43	17.9
Other current assets	1.07	0.78	0.97	2.2	0.33	0.95	2.46	0.68	24.3	4.42
Total current assets	32	50.5	32.6	33.6	29.3	23	65.2	76.3	146	401
Property, plant and equipment	251	255	313	295	465	449	924	936	1,064	1,424
Lease right-of-use assets				3.75	24.2	20.9	24.8	19	16.7	11.7
Goodwill	12.2	12.2	12.2	12.2	12.2	12.2	27.1	12.2	12.2	12.2
Intangible assets	14.4	15.9	154	147	160	154	365	343	281	370
Other non-current assets	4.77	3.43	24.3	6.31	12.1	25.6	16.4	14.2	9.87	6.62
Total assets	416	444	625	744	956	935	1,679	1,642	2,042	2,779
Accounts payable	10.9	19.1	14.2	12.5	6.66	8.16	57.4	26.3	41.4	293
Short-term debt						0	15	30	0
Total current liabilities	20.7	31.8	36.5	35.1	28.3	96.8	106	90.6	88.8	356
Long-term debt							1,647	1,674	1,875	2,344
Lease liabilities				2.31	15.4	14.1	12.1	8.34	6	3.55
Other non-current liabilities	11.7	14.3	17.3	19.3	22.7	22.7	15.8	21.4	19.6	24.1
Total debt						899	1,662	1,704	1,875	2,344
Total liabilities and equity	416	444	625	744	956	935	1,679	1,642	2,042	2,779

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	62.8	69.4	90.2	96.7	159	165	159	126	143	176
Depreciation and amortization	20.8	21.9	26	26.7	35.7	42.8	63	92.4	96.4	126
Stock-based compensation	0.6	0.61	0.67	1.76	1.25	1.96	2.72	2.7
Deferred income tax	-0.17	-0.11	0.15	0.5	0.4	0.35	0.01
Change in receivables	15.8	-3.81	1.43	8.38	-2.47	0.29	-9.07	21.6	-6.95	-43.4
Change in payables	3.55	10.9	-1.75	-4.84	-13.5	-1.91	18.6	-20.7	8.54	243
Cash from operations	101	91.2	153	130	193	275	192	225	206	237
Capital expenditures	-11.3	-18.2	-12.9	-9.07	-13.3	-23.1	-141	-96.1	-129	-268
Acquisitions	0				0	0	-626	0	-183	-181
Cash from investing	-72.7	-29.9	-228	-147	-123	-16.4	-770	-89.6	-385	-444
Debt issued	0	248	0	0	0	400	0	0
Debt repaid						0	0	-18.8	-531	0
Share buybacks								0	0	-10
Cash from financing	-28	-56.7	74.9	18	-71.2	-259	582	-140	180	213
Net change in cash	0.06	4.62	-0.15	1.02	-1.3	0.05	3.68	-4.22	1.63	5.51
Free cash flow	89.4	73	140	121	180	252	51.1	129	77.3	-30.6
Interest paid	12.2	19.4	39	44.8	40.6	44.6	78.1	136	117	174
Income taxes paid	0.22	0.06	0.14	0.14	0.1	0.03	0.04	0.02	0	0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $53.89 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	17.6%	Gross profit / revenue.
Operating margin	15.3%	Operating income / revenue.
EBITDA margin	27.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	12.9%	Pre-tax income / revenue.
Net margin	12.8%	Net income / revenue.
FCF margin	11.2%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	28.3%	Cash from operations / revenue.
Effective tax rate	0.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	5.4%	Net income / average total assets.
SG&A / revenue	1.5%	Selling, general and administrative expense / revenue.
Capex / revenue	17.2%	Capital expenditures / revenue.
D&A / revenue	12.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	7.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-0.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	12.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-11.7%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-4.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	0.8%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-10.3%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-4.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	0.2%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	2.8%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	4.1%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	7.4%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	23.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	3.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	2.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	14.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	7.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	4.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-139.6%	Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	36.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	18.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	23.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.96x	Current assets / current liabilities.
Quick ratio	0.03x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.03x	(Cash + short-term investments) / current liabilities.
Debt / assets	82.7%	Total debt / total assets.
Net debt	$2.36B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	7.18x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	0.84x	Operating income / interest expense.
Working capital	-$19.1M	Current assets - current liabilities.
Goodwill and intangibles / assets	0.4%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.42x	Revenue / average total assets.
Fixed asset turnover	0.81x	Revenue / average property, plant and equipment.
Inventory turnover	41.7x	Cost of revenue / average inventory.
Days inventory	9 days	365 x average inventory / cost of revenue.
Days payables	158 days	365 x average accounts payable / cost of revenue.
FCF conversion	86.9%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	60.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
Buybacks / FCF	0.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.87B	Share price x shares outstanding.
Enterprise value	$5.23B	Market cap + total debt - cash - short-term investments.
P/E	18.6x	Market cap / net income. Only when net income is positive.
P/S	2.39x	Market cap / revenue.
P/FCF	21.4x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	8.44x	Market cap / cash from operations, when positive.
EV/Sales	4.36x	Enterprise value / revenue.
EV/EBIT	28.4x	Enterprise value / operating income, when both are positive.
EV/EBITDA	15.9x	Enterprise value / EBITDA, when both are positive.
EV/FCF	39.0x	Enterprise value / free cash flow, when both are positive.
FCF yield	4.7%	Free cash flow / market cap.
Earnings yield	5.4%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.0%	(Dividends paid + share buybacks) / market cap.

What was Delek Logistics Partners, LP's revenue in fiscal 2025?

Delek Logistics Partners, LP reported revenue of $1.01B for fiscal 2025, 7.7% higher than the year before.

Was Delek Logistics Partners, LP profitable in fiscal 2025?

Yes. Net income was $176.5M, a net margin of 17.4%.

How much free cash flow did Delek Logistics Partners, LP generate in fiscal 2025?

Cash from operations of $237.1M minus capital expenditures of $267.8M left free cash flow of -$30.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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