Delek Logistics Partners, LP vs DT Midstream
DT Midstream is the larger business, with $1.24bn of revenue in fiscal 2025 against $1.01bn for Delek Logistics Partners, LP (1.2 times as much). DT Midstream grew faster (26.7% against 7.7%). DT Midstream kept more of each dollar of sales as profit: a net margin of 35.5% against 17.4%.
| Latest fiscal year | Delek Logistics Partners, LPDKL, 2025 | DT MidstreamDTM, 2025 |
|---|---|---|
| Revenue | $1.01bn | $1.24bn |
| Revenue growth | 7.7% | 26.7% |
| Net income | $176m | $441m |
| Operating margin | — | 49.4% |
| Net margin | 17.4% | 35.5% |
| Return on equity | — | 9.4% |
| Free cash flow | −$30.6m | $441m |
| Cash | $10.9m | $54.0m |
| Total debt | $2.36bn | $3.35bn |
| Debt to equity | — | 70.7% |
| Dividend per share | — | $3.28 |
| Dividend yield | — | 2.8% |
| Share buybacks | $10.0m | — |
| Employees | — | 588 |
| Market value | $2.86bn | $12.55bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 74 (Strong) | 71 (Strong) |
| Insider trades, 12 months | 5 buys, 5 sales | 4 buys, 1 sales |