8-K filing — Delek Logistics Partners, LP (DKL)

DK Stock Rallies 59.5% in 3 Months: Is There More Upside Ahead?

Delek US Holdings (DK) reported strong Q2 2026 results with adjusted net income of $343.9M and refining EBITDA of $566.2M, driven by improved crack spreads and operational efficiency. The company expects no refinery turnarounds in H2 2026, positioning it to maximize availability. With its Enterprise Optimization Plan targeting $220M in annual FCF improvement and midstream subsidiary Delek Logistics Partners providing recurring distributions, DK offers differentiated exposure to refining with structural cash-flow growth potential.

This Oil Dividend Just Got a Raise. Here's What It Means for Shareholders.

Delek Logistics Partners raised its quarterly dividend for the third time in 2026, marking its 54th consecutive quarterly increase. However, the company announced a dilutive 4 million-share offering at $50/share, causing a 13% stock decline. Despite the near-term headwind, the stock is up 17.2% year-to-date and now yields 7.7%, with management using proceeds to retire debt and progressing toward separation from parent company Delek US.

Delek Logistics Partners shares are trading lower after the company announced an offering of 4 million units at $50.00 per unit.