Delek Logistics Partners LP

DKL · NYSE

$57.18+$0.99 (+1.76%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $56.19

DKL analyst rating

HoldConsensus of 4 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold4
Underperform0
Sell0

12-month price target · 7 analysts

Average $54.23 (−5.2% downside)

Low: $36.36
Now: $57.18
High: $64.05

Upgrades and downgrades

The latest rating actions, newest first

DKL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Sep 21, 2026	Maintains	Neutral	$55.00 → $57.00	60%
UBS	Jul 17, 2026	Initiates	Neutral	$56.00	60%
Mizuho	Apr 21, 2026	Maintains	Neutral	$45.00 → $52.00	71%
Truist Securities	Mar 24, 2026	Initiates	Buy → Hold	$57.00	63%
Citigroup	Mar 6, 2026	Downgrade	Buy → Neutral	$47.00 → $52.00	36%

The case for and against

Updated Nov 27, 2024

Bull case

Delek Logistics Partners LP has demonstrated a strong track record of distribution growth, achieving 44 consecutive quarters of increases, with a recent rise to $1.055 per unit, translating to an attractive yield exceeding 11%. The company's forecast indicates robust growth in gross profits from its Gathering and Processing segment, anticipated to rise by 6% and 12% in 2024 and 2025 respectively, supported by an expected increase in market share and volume. Furthermore, operational efficiencies and an anticipated rise in distribution rates, alongside the advantageous positioning in the active Delaware Basin, signal significant potential for value appreciation in the company’s units.

Bear case

Delek Logistics Partners LP is facing a negative outlook due to its relatively high leverage ratio of approximately 4.5x, which exceeds the peer average of 4.3x and raises concerns regarding its ability to sustainably expand its infrastructure. The company's discounted cash flow (DCF) coverage ratio is projected at around 1.5x, significantly lower than the peer average of 3.0x, indicating a lack of certainty regarding distribution payments during times of financial strain. Additionally, the company's financial health may be impacted by external factors, such as declining oil and natural gas prices, as well as potential risks stemming from its relationship with Delek Holdings.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.