Delek Logistics Partners, LP

Delek Logistics Partners, LP has a current ratio of 0.96, indicating that its current liabilities exceed its current assets [doc:0001552797]. The company's liquidity position is characterized as high risk, with current liabilities exceeding current assets and net cash being negative after subtracting total debt [doc:0001552797]. The company's return on assets (ROA) is 0.0111, which is below the industry median for midstream energy MLPs, suggesting underperformance in asset utilization efficiency [doc:0001552797]. The company's profitability is reflected in its operating income of $40,009,000 and net income of $32,352,000 for Q1 2026. However, these figures need to be compared against the industry's preferred metrics to determine if they are in line with or deviate from the cohort median [doc:0001552797]. The company's capital structure is heavily leveraged, with long-term debt amounting to $2,294,624,000 and no short-term debt [doc:0001552797]. Delek Logistics Partners, LP operates through three main segments: gathering and processing, wholesale marketing and terminalling, and storage and transportation. The gathering and processing segment includes Midland Gathering Assets, Midland Water Gathering Assets, and Delaware Gathering Assets. The wholesale marketing and terminalling segment serves Delek Holdings' refining operations and independent third parties, while the storage and transportation segment provides services through tanks, offloading facilities, trucks, and ancillary assets [doc:0001552797]. The company also has integrated full-cycle water systems in the Permian Basin [doc:0001552797]. The company's growth trajectory is influenced by its capital expenditure of $48,522,000 and free cash flow of $121,854,000 for Q1 2026. The outlook for the current fiscal year and the next fiscal year will depend on the company's ability to maintain or improve its operating income and manage its debt effectively [doc:0001552797]. The company's risk assessment indicates a medium level of dilution risk, with source documents mentioning dilution or offering risk [doc:0001552797]. Recent events include the issuance of ASU 2025-11, which clarifies the guidance in determining the accounting acquirer in a business combination. The company also reported a revenue of $297,466,000 for Q1 2026, with a significant portion coming from affiliate transactions [doc:0001552797]. The company's financial statements show a decrease in total current assets from $400,768,000 at the end of 2025 to $536,329,000 at the end of Q1 2026 [doc:0001552797].