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Delek Logistics ( (DKL) ) just unveiled an announcement.
On March 26, 2026, Delek Logistics Partners entered into a new $1.3 billion revolving credit agreement with a syndicate of banks led by Truist Bank, replacing and refinancing its prior revolving and term loan facilities. The facility, which matures as late as March 26, 2031 subject to conditions tied to its 8.625% senior notes due 2029, includes sublimits for letters of credit and swing line loans and an accordion feature that could significantly expand borrowing capacity.
The new facility will be used to repay borrowings under the former agreement and to fund working capital, acquisitions, capital expenditures, permitted refinancings and other general corporate purposes, and carries interest rates and commitment fees that vary with the partnership’s total leverage. The credit agreement imposes leverage and interest coverage covenants and is secured by first-priority liens on substantially all assets of the partnership and guarantors, providing additional financial flexibility compared with the prior facility while tightening structural protections for lenders and shaping the partnership’s capital structure going forward.
The most recent analyst rating on (DKL) stock is a Hold with a $57.00 price target. To see the full list of analyst forecasts on Delek Logistics stock, see the DKL Stock Forecast page.
Spark’s Take on DKL Stock
According to Spark, TipRanks’ AI Analyst, DKL is a Neutral.
The score is held back primarily by elevated balance-sheet risk and weakened TTM free cash flow despite strong profitability. Offsetting factors include a constructive technical trend, attractive income valuation (high dividend yield with a moderate P/E), and an earnings call that emphasized record results, reiterated 2026 guidance, and strong liquidity, tempered by execution timing risks around the sour gas ramp.
To see Spark’s full report on DKL stock, click here.
More about Delek Logistics
Delek Logistics Partners, LP operates logistics and pipeline assets that support the transportation and storage of petroleum and related products in the U.S. energy sector. The partnership focuses on providing midstream infrastructure and services, underpinning the supply chain needs of refiners and downstream operators in its core markets.
Average Trading Volume: 68,941
Technical Sentiment Signal: Buy
Current Market Cap: $2.9B
Learn more about DKL stock on TipRanks’ Stock Analysis page.