MeritValue

Delek Logistics Partners, LP

DKLdata completeness 75%16 fiscal years on file

Data notes: no data for concept 'stockholdersEquity'; no data for concept 'epsDiluted'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$700.9M1$1.04B2$1.02B3$940.6M3$1.01B3
Net income$164.8M4$159.1M5$126.2M6$142.7M6$176.5M6
Operating cash flow$275.2M7$192.2M8$225.3M9$206.3M9$237.1M9
Capital expenditure$23.1M10$141.1M11$96.1M12$129M12$267.8M12
Free cash flow (derived)$252.1M7$51.1M8$129.2M9$77.3M9−$30.6M9
Total debt$899M13$3.32B14$3.41B15$3.75B16$4.69B16
Cash & equivalents$4.29M17$7.97M18$3.76M19$5.38M20$10.9M20
Diluted shares—————

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
— shares · 5y

Total debt has risen 422% over the same window.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
no diluted share count — cannot compute per-share value
DCF · Growth Exit 5Y
not applicable
no diluted share count — cannot compute per-share value
Earnings Power Value
not applicable
no diluted share count
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001552797-24-000011 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001552797-25-000019 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0001628280-26-012666 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-12-31 · accession 0001552797-24-000011 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001552797-25-000019 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001628280-26-012666 (NetIncomeLoss)
  7. 10-K · period ending 2021-12-31 · accession 0001552797-24-000011 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-12-31 · accession 0001552797-25-000019 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-12-31 · accession 0001628280-26-012666 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-12-31 · accession 0001552797-24-000011 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2022-12-31 · accession 0001552797-25-000019 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2023-12-31 · accession 0001628280-26-012666 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-12-31 · accession 0001552797-23-000010 (LongTermDebtCurrent)
  14. 10-K · period ending 2022-12-31 · accession 0001552797-24-000011 (LongTermDebtNoncurrent)
  15. 10-K · period ending 2023-12-31 · accession 0001552797-25-000019 (LongTermDebtNoncurrent)
  16. 10-K · period ending 2024-12-31 · accession 0001628280-26-012666 (LongTermDebtNoncurrent)
  17. 10-K · period ending 2021-12-31 · accession 0001552797-23-000010 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2022-12-31 · accession 0001552797-24-000011 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-12-31 · accession 0001552797-25-000019 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2024-12-31 · accession 0001628280-26-012666 (CashAndCashEquivalentsAtCarryingValue)