Equity Profile

DKL

Delek Logistics Partners, LP

EnergyOil & Gas Storage & Transportation$2.8B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Delek Logistics Partners, LP (DKL) operates in the energy sector, focusing on oil and gas storage and transportation. As a midstream company, it plays a crucial role in the energy supply chain, moving fuels from production sites to consumers, which is vital for maintaining energy availability and pricing stability.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company managed costs and revenues in a challenging environment.

N/A

Revenue Growth

Revenue growth will indicate demand for Delek's services and overall business health, especially in a fluctuating energy market.

N/A

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

DKL Q2-2026 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 Q1 2026, Delek reported an EPS of $0.60, missing estimates by over 30%. The stock reacted positively the following day, gaining 4.33%, despite the disappointing results.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautious ahead of the upcoming earnings report, given the company's recent history of missing EPS estimates. The market is closely watching for signs of recovery in profitability and revenue growth.

Bull Case

If Delek can demonstrate improved operational efficiency and better-than-expected revenue growth, it could signal a turnaround, leading to a positive market reaction.

Bear Case

Conversely, continued misses on EPS and revenue could raise concerns about the company's ability to navigate the current energy landscape, potentially leading to a negative reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for this quarter?

Given the company's recent history of missing EPS estimates, this figure will be critical in assessing whether Delek is on a path to recovery.

How has revenue changed compared to the previous quarter?

Revenue trends will provide insight into demand for Delek's services and its ability to manage costs effectively in the current market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Delek's potential for a turnaround, as recent operational adjustments could lead to improved margins and revenue growth.

Supporting Evidence

The options market is pricing in a 10.18% move, indicating expectations of volatility that may not align with the company's actual performance.

Delek's recent stock price reaction post-earnings has shown resilience despite disappointing results, suggesting underlying strength.

The historical trend of fading moves indicates that the market may overreact to negative news.

Key Risk

If EPS exceeds $0.80, it could challenge the current bearish sentiment and lead to a reevaluation of the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Delek can turn around its recent performance and regain investor confidence.

Bull Confirmed If

An EPS of $0.80 or higher would confirm the bull case, indicating a significant recovery in profitability.

Bear Confirmed If

An EPS below $0.50 would confirm the bear case, raising serious concerns about the company's operational efficiency.

Pre-Earnings Positioning

Options Market

Implied Move

±10.18%

Historical Avg

±1.9%

Pricing rich

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

Options are pricing ±10.2% while DKL has averaged ±1.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

31.3%

Calls (47K)P/C Ratio: 4.25Puts (900)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Energy

n=30

Fade rate: 18 of 29 (62%)

This setup has occurred 30 times across Energy in the last 2 years. 18 of 29 (62%) reversed within 5 days — this setup typically fades. The average absolute 1-day move is 3.4%, with a raw directional average of -0.1% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Delek beats expectations, history suggests the stock could rise by about 2.18%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line but cautious, the stock may react neutrally, reflecting ongoing investor uncertainty.

Miss

A miss could lead to a decline of around 0.27%, reinforcing concerns about the company's ability to navigate the current market.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on margins.
2Insights into demand trends for oil and gas storage and transportation services.
3Management's outlook on the energy market and potential challenges ahead.
4Details on any new contracts or partnerships that could drive revenue growth.
5Clarification on the company's long-term strategy and how it plans to navigate market volatility.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company managed costs and revenues in a challenging environment.

N/A

Revenue Growth

Revenue growth will indicate demand for Delek's services and overall business health, especially in a fluctuating energy market.

N/A

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

DKL Q2-2026 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 Q1 2026, Delek reported an EPS of $0.60, missing estimates by over 30%. The stock reacted positively the following day, gaining 4.33%, despite the disappointing results.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Delek can demonstrate improved operational efficiency and better-than-expected revenue growth, it could signal a turnaround, leading to a positive market reaction.

Bear Case

Conversely, continued misses on EPS and revenue could raise concerns about the company's ability to navigate the current energy landscape, potentially leading to a negative reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for this quarter?

Given the company's recent history of missing EPS estimates, this figure will be critical in assessing whether Delek is on a path to recovery.

How has revenue changed compared to the previous quarter?

Revenue trends will provide insight into demand for Delek's services and its ability to manage costs effectively in the current market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Delek's potential for a turnaround, as recent operational adjustments could lead to improved margins and revenue growth.

Supporting Evidence

The options market is pricing in a 10.18% move, indicating expectations of volatility that may not align with the company's actual performance.

Delek's recent stock price reaction post-earnings has shown resilience despite disappointing results, suggesting underlying strength.

The historical trend of fading moves indicates that the market may overreact to negative news.

Key Risk

If EPS exceeds $0.80, it could challenge the current bearish sentiment and lead to a reevaluation of the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Delek can turn around its recent performance and regain investor confidence.

Bull Confirmed If

An EPS of $0.80 or higher would confirm the bull case, indicating a significant recovery in profitability.

Bear Confirmed If

An EPS below $0.50 would confirm the bear case, raising serious concerns about the company's operational efficiency.

Pre-Earnings Positioning

Options Market

Implied Move

±10.18%

Historical Avg

±1.9%

Pricing rich

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

Options are pricing ±10.2% while DKL has averaged ±1.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

31.3%

Calls (47K)P/C Ratio: 4.25Puts (900)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Energy

n=30

Fade rate: 18 of 29 (62%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Delek beats expectations, history suggests the stock could rise by about 2.18%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line but cautious, the stock may react neutrally, reflecting ongoing investor uncertainty.

Miss

A miss could lead to a decline of around 0.27%, reinforcing concerns about the company's ability to navigate the current market.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on margins.
2Insights into demand trends for oil and gas storage and transportation services.
3Management's outlook on the energy market and potential challenges ahead.
4Details on any new contracts or partnerships that could drive revenue growth.
5Clarification on the company's long-term strategy and how it plans to navigate market volatility.