Equity Profile

DKL

Delek Logistics Partners, LP

EnergyOil & Gas Storage & Transportation$2.9B

Apr29Wed

Post-Earnings Recap

ReportedQ1-2026Pre-Market6:30 AM EDT

Delek Logistics Partners Misses on EPS, Stock Up 2.56%

Metric	Actual	Expected	Surprise
EPS	$0.60	$1.33	-30.23%
Revenue	N/A	$240M	N/A

management commentary, guidance changes, and full analysis available with Pro.

Delek Logistics Partners Misses on EPS, Stock Up 2.56%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.60	$1.33	-30.23%
Revenue	N/A	$240M	N/A

Management Commentary

Tone: Defensive

Management acknowledged the disappointing EPS results and highlighted ongoing challenges. They emphasized a commitment to improving operational efficiency.

We faced unexpected challenges this quarter that impacted our earnings.

Our focus remains on operational efficiency and cost management.

What It Means

The earnings report indicates that Delek Logistics Partners faced significant challenges this quarter, leading to a notable miss on EPS. Despite the disappointing results, the stock reacted positively, rising 2.56%. This may reflect investor confidence in the company's long-term strategy and management's focus on efficiency.

Company Snapshot

Delek Logistics Partners, LP (DKL) operates in the energy sector, focusing on oil and gas storage and transportation. With a market cap of $3 billion, the company plays a crucial role in the energy supply chain, especially as global energy demands fluctuate.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and financial health.

$1.33

Revenue

Total revenue gives insight into the company's sales performance and market demand.

$240M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-43.27%

Avg Stock Reaction

+0.34%

Last Quarter Recap

In Q4-2025, Delek Logistics reported an EPS of $0.88, falling short of the expected $1.25, resulting in a negative surprise of nearly 30%. The stock reacted with a slight decline of 0.69% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic, expecting DKL to report an EPS of $1.33 and revenue of $240 million. However, the company's recent earnings history shows significant misses, raising concerns.

Bull Case

If DKL meets or exceeds the EPS and revenue estimates, it could signal a turnaround in performance, boosting investor confidence and potentially leading to a stock price increase.

Bear Case

Conversely, if the company misses expectations again, it could further erode investor trust and lead to a significant drop in stock price, especially given the recent trend of disappointing earnings.

Key Metrics to Watch

EPS

$1.33

Earnings per share is a key indicator of profitability and financial health.

Revenue

$240M

Total revenue gives insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will DKL report an EPS of at least $1.33?

Meeting or exceeding this EPS target is critical to restoring investor confidence after recent misses.

What factors contributed to revenue expectations of $240 million?

Understanding the drivers behind revenue projections will help gauge the company's market position and operational efficiency.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for DKL to rebound, as recent operational improvements could lead to better-than-expected results.

Supporting Evidence

Despite recent misses, the company has historically shown the ability to bounce back with strong earnings.

The options market suggests a significant move is anticipated, indicating that traders may have more confidence than the consensus reflects.

Key Risk

If DKL's EPS comes in above $1.33, it could challenge the prevailing bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching DKL's ability to meet earnings expectations after a series of misses, which could significantly impact its stock price.

Bull Confirmed If

Reporting an EPS of $1.33 or higher would confirm a positive turnaround in profitability.

Bear Confirmed If

An EPS below $1.33 would reinforce the trend of disappointing earnings and could lead to further declines.

Pre-Earnings Positioning

Options Market

Implied Move

±5.4%

Historical Avg

±1.9%

Pricing rich

The options market is pricing in a move of about 5.4%, suggesting that traders expect significant volatility around the earnings announcement.

Options are pricing ±4.9% while DKL has averaged ±1.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

25.5%

Calls (3K)P/C Ratio: 1.00Puts (4K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Energy

n=30

Fade rate: 17 of 29 (59%)

This setup has occurred 30 times across Energy in the last 2 years. 17 of 29 faded and 12 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.9%, with a raw directional average of +1.3% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If DKL beats expectations, history suggests a potential stock increase of around 1.06%, confirming a positive shift in performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await more clarity from management.

Miss

A miss could lead to a decline of about 1.19%, further shaking investor confidence in the company's recovery.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational improvements that could drive revenue growth.
2Management's commentary on market conditions affecting oil and gas transportation.
3Insights into cost management strategies that could enhance profitability.
4Details on any new contracts or partnerships that could impact future earnings.
5Guidance on expected performance for the upcoming quarters.

See the full picture

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and financial health.

$1.33

Revenue

Total revenue gives insight into the company's sales performance and market demand.

$240M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-43.27%

Avg Stock Reaction

+0.34%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic, expecting DKL to report an EPS of $1.33 and revenue of $240 million. However, the company's recent earnings history shows significant misses, raising concerns.

Bull Case

If DKL meets or exceeds the EPS and revenue estimates, it could signal a turnaround in performance, boosting investor confidence and potentially leading to a stock price increase.

Bear Case

Conversely, if the company misses expectations again, it could further erode investor trust and lead to a significant drop in stock price, especially given the recent trend of disappointing earnings.

Key Metrics to Watch

EPS

$1.33

Earnings per share is a key indicator of profitability and financial health.

Revenue

$240M

Total revenue gives insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will DKL report an EPS of at least $1.33?

Meeting or exceeding this EPS target is critical to restoring investor confidence after recent misses.

What factors contributed to revenue expectations of $240 million?

Understanding the drivers behind revenue projections will help gauge the company's market position and operational efficiency.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for DKL to rebound, as recent operational improvements could lead to better-than-expected results.

Supporting Evidence

Despite recent misses, the company has historically shown the ability to bounce back with strong earnings.

The options market suggests a significant move is anticipated, indicating that traders may have more confidence than the consensus reflects.

Key Risk

If DKL's EPS comes in above $1.33, it could challenge the prevailing bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching DKL's ability to meet earnings expectations after a series of misses, which could significantly impact its stock price.

Bull Confirmed If

Reporting an EPS of $1.33 or higher would confirm a positive turnaround in profitability.

Bear Confirmed If

An EPS below $1.33 would reinforce the trend of disappointing earnings and could lead to further declines.

Pre-Earnings Positioning

Options Market

Implied Move

±5.4%

Historical Avg

±1.9%

Pricing rich

The options market is pricing in a move of about 5.4%, suggesting that traders expect significant volatility around the earnings announcement.

Options are pricing ±4.9% while DKL has averaged ±1.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

25.5%

Calls (3K)P/C Ratio: 1.00Puts (4K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich setup in Energy

n=30

Fade rate: 17 of 29 (59%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If DKL beats expectations, history suggests a potential stock increase of around 1.06%, confirming a positive shift in performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await more clarity from management.

Miss

A miss could lead to a decline of about 1.19%, further shaking investor confidence in the company's recovery.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational improvements that could drive revenue growth.
2Management's commentary on market conditions affecting oil and gas transportation.
3Insights into cost management strategies that could enhance profitability.
4Details on any new contracts or partnerships that could impact future earnings.
5Guidance on expected performance for the upcoming quarters.