Delek Logistics Partners

What Delek Logistics Partners does

Delek Logistics Partners, LP (NYSE: DKL) is a publicly traded master limited partnership formed in 2012 by Delek US Holdings, Inc. (NYSE: DK) to own, operate, acquire, and develop logistics and marketing assets for crude oil, intermediate, and refined petroleum products. The company is headquartered in Plano, Texas, and serves two principal customer cohorts: its sponsor Delek US Holdings (which operates refineries in Tyler, TX; El Dorado, AR; Big Spring, TX; and Krotz Springs, LA) and a growing base of third-party crude, natural gas, and water producers concentrated in the Permian Basin, Delaware Basin, and Gulf Coast.

The company's infrastructure portfolio includes approximately 1,028 miles of crude and refined product pipelines, eight light product distribution terminals, approximately 1,479,430 Bbls/d of produced water disposal capacity, and approximately 172+ MMcf/d of natural gas processing capacity, anchored by the Libby Gas Processing Complex in Lea County, NM. Through acquisitions of 3Bear Energy (Delaware Basin, 2021), H2O Midstream (2024), and Gravity Water Midstream (January 2025), DKL has built an integrated midstream platform spanning crude gathering and transportation, natural gas gathering and processing, refined product storage and distribution, and produced water gathering and disposal. Equity-method joint venture interests in the Wink to Webster (W2W) and Red River pipelines supplement owned assets.

DKL generates revenue primarily through long-term fee-based contracts — including take-or-pay agreements with minimum volume commitments — across gathering and processing fees, storage and terminalling services, wholesale marketing of refined products, and joint-venture pipeline income. The go-to-market is enterprise field sales targeting upstream producers and downstream refiners, with revenue mix shifting toward approximately 80% third-party EBITDA contribution on a pro-forma basis. The partnership has declared 53 consecutive quarterly distribution increases and targets an investment-grade-style MLP cash distribution model, supported by FY2025 revenue of $1,013.3M and record Adjusted EBITDA of $535.6M.

Name

Delek Logistics Partners

Legal name

Delek Logistics Partners, LP

Website

https://deleklogistics.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

Delek Logistics Partners (NYSE: DKL) is a publicly traded midstream MLP that owns and operates crude oil, natural gas, refined product, and produced water infrastructure across the Permian Basin, Delaware Basin, and Gulf Coast, serving both its sponsor Delek US Holdings refineries and third-party energy producers through long-term fee-based contracts.

Ownership category

akta.pro rank

Product category

Midstream Energy Logistics Services

NAICS

Pipeline Transportation of Refined Petroleum Products (486910), Petroleum Bulk Stations and Terminals (424710)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Liquid Bulk Storage & Tank Farm Operators (Independent Storage) (TLAHABAM)

Keywords

• Midstream energy logistics
• Crude oil pipelines
• Natural gas processing
• Produced water disposal
• Refined product terminals

Headquarters

HQ city

Brentwood

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Others, Marketing or Sales

Revenue model

1. Gathering and Processing Fees: Fee-based revenue from crude oil gathering, natural gas gathering and processing, and water disposal services. Volume-based fees under long-term take-or-pay contracts with minimum volume commitments.
2. Storage and Terminalling Services: Storage and terminalling fees for crude oil, refined products, and intermediate petroleum products. Fixed capacity reservations plus variable throughput fees.
3. Wholesale Marketing: Wholesale marketing services for refined products including gasoline, diesel, and jet fuel distribution.
4. Pipeline Joint Venture Income: Equity method investment income from pipeline joint ventures including Wink to Webster (W2W) pipeline and Red River Pipeline.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Delek Logistics Partners owns, operates, acquires, and develops midstream energy infrastructure that gathers, processes, transports, stores, and markets crude oil, refined petroleum products, natural gas, and produced water. The partnership serves Delek US Holdings' refineries in Tyler TX, El Dorado AR, Big Spring TX, and Krotz Springs LA, as well as a growing base of third-party crude, natural gas, and water producers across the Permian Basin, Delaware Basin, Gulf Coast, and southeastern United States through long-term, fee-based take-or-pay contracts.

Product overview

Delek Logistics Partners operates as a unified midstream energy services platform offering integrated crude oil gathering and transportation, refined product storage and distribution, natural gas gathering and processing (including the Libby gas complex), and water gathering and disposal services. The company leverages strategic assets across the Permian Basin, Delaware Basin, and Gulf Coast regions, supported by pipeline joint ventures, to serve both Delek US Holdings refineries and third-party producers. The product portfolio functions as a cohesive full-suite midstream offering rather than discrete modular products.

Differentiator

Problem solved

Functional benefit

Brands

• Libby Gas Complex: Natural gas processing facility in the Delaware Basin with acid gas injection capabilities, including Libby I and Libby II plants with approximately 180 MMcf/d total capacity
• I Own It Safety Program
• Delek Fund for Hope

Products and services

• Crude Oil Gathering and Transportation

Quantifiable outcome

• Q1 2026 Adjusted EBITDA of $132.3 million, up 7.4% year-over-year
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• American Petroleum TankersminorStrategic or Co-development PartnerAcquired the New Frontier Terminal from affiliate of American Petroleum Tankers for $64 million in 2023.

Scale indicators15 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• MPLX LP: MPLX is a publicly traded MLP focused on midstream energy logistics, with major crude oil, natural gas, and NGL pipeline/gathering systems concentrated in the Permian Basin. It is a directly comparable midstream platform with similar Permian exposure, fee-based revenue model, and parent sponsorship structure (Marathon Petroleum).
• Western Midstream Partners: Western Midstream Partners is a Permian-focused midstream MLP with crude oil gathering, natural gas processing, and water disposal assets in the Delaware Basin. Highly comparable to DKL given its concentrated Permian/Delaware Basin footprint and similar water management and gas processing service mix.
• Plains All American Pipeline: Plains All American operates an extensive crude oil pipeline, gathering, and terminalling network across major U.S. producing basins. It competes directly with DKL in crude oil gathering and transportation, and offers overlapping Permian and Gulf Coast midstream services.
• Targa Resources Corp. Targa Resources is a leading Permian-focused midstream company with major natural gas gathering and processing operations and NGL transportation. Directly comparable to DKL's Delaware Basin gas processing and gathering business, particularly the Libby complex.
• Genesis Energy LP: Genesis Energy is a diversified midstream MLP with Gulf Coast crude oil pipelines, terminals, and offshore pipeline operations. Comparable to DKL in Gulf Coast terminalling, crude oil distribution, and integrated midstream service offering, though with different basin emphasis.
• NuStar Energy L.P. NuStar Energy operates crude oil and refined product pipelines and terminals across the U.S., with notable Gulf Coast and Texas operations. It overlaps with DKL's refined product storage and distribution and crude oil logistics businesses.
• Sunoco LP: Sunoco LP is a master limited partnership focused on fuel distribution, terminalling, and midstream logistics across the U.S. Its refined product terminalling, storage, and wholesale fuel distribution business is directly comparable to DKL's 8 light product distribution terminals and wholesale marketing segment.

Broad incumbents

• Enterprise Products Partners: Enterprise Products Partners is one of the largest publicly traded MLPs with a diversified midstream portfolio spanning natural gas, NGLs, crude oil, and petrochemical pipelines. It is a broader incumbent overlapping DKL in crude oil logistics, gas processing, and Gulf Coast terminalling, but at significantly greater scale.
• Energy Transfer LP: Energy Transfer operates an extensive network of pipelines, terminals, and processing assets across crude oil, natural gas, NGLs, and refined products throughout the U.S. It is a broad incumbent with overlapping Permian gathering, processing, and Gulf Coast midstream capabilities, though at much larger scale.
• HF Sinclair (formerly HollyFrontier / Holly Energy Partners): HF Sinclair (formerly HollyFrontier) integrated the Holly Energy Partners MLP into the parent C-corp in 2024, providing a comparable reference point as a refining-integrated midstream platform. Like DKL, the assets support refining operations while serving third-party customers in similar geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/delek-logistics-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds8 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Delek Logistics Partners