Oil & Gas Midstream
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DKL vs EPD
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
DKL vs EPD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $2.72B | $81.20B |
| Revenue (TTM) | $1.06B | $52.60B |
| Net Income (TTM) | $170M | $5.80B |
| Gross Margin | 19.2% | 13.6% |
| Operating Margin | 16.5% | 13.5% |
| Forward P/E | 13.9x | 13.1x |
| Total Debt | $35M | $34.93B |
| Cash & Equiv. | $11M | $1.25B |
DKL vs EPD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Delek Logistics Par… (DKL) | 100 | 215.2 | +115.2% |
| Enterprise Products… (EPD) | 100 | 196.6 | +96.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DKL vs EPD
Each card shows where this stock fits in a portfolio — not just who wins on paper.
DKL carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 7.7%, EPS growth 10.4%, 3Y rev CAGR -0.7%
- 201.2% 10Y total return vs EPD's 116.1%
- Beta 0.35, yield 8.7%, current ratio 1.12x
EPD is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 15 yrs, beta 0.06, yield 5.7%
- Lower volatility, beta 0.06, current ratio 1.04x
- Lower P/E (13.1x vs 13.9x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.7% revenue growth vs EPD's -6.4% | |
| Value | Lower P/E (13.1x vs 13.9x) | |
| Quality / Margins | 16.0% margin vs EPD's 11.0% | |
| Stability / Safety | Beta 0.06 vs DKL's 0.35, lower leverage | |
| Dividends | 8.7% yield, 5-year raise streak, vs EPD's 5.7% | |
| Momentum (1Y) | +46.2% vs EPD's +32.7% | |
| Efficiency (ROA) | 7.5% ROA vs DKL's 6.1%, ROIC 8.3% vs 14.1% |
DKL vs EPD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
DKL vs EPD — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
DKL leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EPD is the larger business by revenue, generating $52.6B annually — 49.6x DKL's $1.1B. Profitability is closely matched — net margins range from 16.0% (DKL) to 11.0% (EPD). On growth, DKL holds the edge at +19.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.1B | $52.6B |
| EBITDAEarnings before interest/tax | $310M | $9.7B |
| Net IncomeAfter-tax profit | $170M | $5.8B |
| Free Cash FlowCash after capex | $112M | $3.0B |
| Gross MarginGross profit ÷ Revenue | +19.2% | +13.6% |
| Operating MarginEBIT ÷ Revenue | +16.5% | +13.5% |
| Net MarginNet income ÷ Revenue | +16.0% | +11.0% |
| FCF MarginFCF ÷ Revenue | +10.6% | +5.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +19.0% | -2.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -17.8% | +2.7% |
Valuation Metrics
EPD leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 14.1x trailing earnings, EPD trades at a 9% valuation discount to DKL's 15.5x P/E. On an enterprise value basis, DKL's 8.8x EV/EBITDA is more attractive than EPD's 12.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $2.7B | $81.2B |
| Enterprise ValueMkt cap + debt − cash | $2.7B | $114.9B |
| Trailing P/EPrice ÷ TTM EPS | 15.53x | 14.12x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.88x | 13.08x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.53x |
| EV / EBITDAEnterprise value multiple | 8.84x | 12.06x |
| Price / SalesMarket cap ÷ Revenue | 2.69x | 1.54x |
| Price / BookPrice ÷ Book value/share | 448.81x | 2.69x |
| Price / FCFMarket cap ÷ FCF | — | 27.38x |
Profitability & Efficiency
EPD leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
DKL delivers a 19.2% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $19 for EPD. EPD carries lower financial leverage with a 1.14x debt-to-equity ratio, signaling a more conservative balance sheet compared to DKL's 5.75x. On the Piotroski fundamental quality scale (0–9), EPD scores 6/9 vs DKL's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +19.2% | +19.3% |
| ROA (TTM)Return on assets | +6.1% | +7.5% |
| ROICReturn on invested capital | +14.1% | +8.3% |
| ROCEReturn on capital employed | +8.3% | +10.9% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | 5.75x | 1.14x |
| Net DebtTotal debt minus cash | $24M | $33.7B |
| Cash & Equiv.Liquid assets | $11M | $1.2B |
| Total DebtShort + long-term debt | $35M | $34.9B |
| Interest CoverageEBIT ÷ Interest expense | 1.66x | 5.21x |
Total Returns (Dividends Reinvested)
EPD leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in EPD five years ago would be worth $20,481 today (with dividends reinvested), compared to $17,945 for DKL. Over the past 12 months, DKL leads with a +46.2% total return vs EPD's +32.7%. The 3-year compound annual growth rate (CAGR) favors EPD at 20.1% vs DKL's 13.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +13.8% | +20.2% |
| 1-Year ReturnPast 12 months | +46.2% | +32.7% |
| 3-Year ReturnCumulative with dividends | +46.1% | +73.1% |
| 5-Year ReturnCumulative with dividends | +79.4% | +104.8% |
| 10-Year ReturnCumulative with dividends | +201.2% | +116.1% |
| CAGR (3Y)Annualised 3-year return | +13.5% | +20.1% |
Risk & Volatility
EPD leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
EPD is the less volatile stock with a 0.06 beta — it tends to amplify market swings less than DKL's 0.35 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.35x | 0.06x |
| 52-Week HighHighest price in past year | $55.89 | $39.73 |
| 52-Week LowLowest price in past year | $37.50 | $29.68 |
| % of 52W HighCurrent price vs 52-week peak | +91.7% | +94.5% |
| RSI (14)Momentum oscillator 0–100 | 55.6 | 57.3 |
| Avg Volume (50D)Average daily shares traded | 65K | 4.1M |
Analyst Outlook
Evenly matched — DKL and EPD each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates DKL as "Hold" and EPD as "Buy". Consensus price targets imply 9.3% upside for DKL (target: $56) vs -1.5% for EPD (target: $37). For income investors, DKL offers the higher dividend yield at 8.68% vs EPD's 5.69%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $56.00 | $37.00 |
| # AnalystsCovering analysts | 10 | 45 |
| Dividend YieldAnnual dividend ÷ price | +8.7% | +5.7% |
| Dividend StreakConsecutive years of raises | 5 | 15 |
| Dividend / ShareAnnual DPS | $4.45 | $2.14 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | +0.4% |
EPD leads in 4 of 6 categories (Valuation Metrics, Profitability & Efficiency). DKL leads in 1 (Income & Cash Flow). 1 tied.
DKL vs EPD: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is DKL or EPD a better buy right now?
For growth investors, Delek Logistics Partners, LP (DKL) is the stronger pick with 7.
7% revenue growth year-over-year, versus -6. 4% for Enterprise Products Partners L. P. (EPD). Enterprise Products Partners L. P. (EPD) offers the better valuation at 14. 1x trailing P/E (13. 1x forward), making it the more compelling value choice. Analysts rate Enterprise Products Partners L. P. (EPD) a "Buy" — based on 45 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — DKL or EPD?
On trailing P/E, Enterprise Products Partners L.
P. (EPD) is the cheapest at 14. 1x versus Delek Logistics Partners, LP at 15. 5x. On forward P/E, Enterprise Products Partners L. P. is actually cheaper at 13. 1x.
03Which is the better long-term investment — DKL or EPD?
Over the past 5 years, Enterprise Products Partners L.
P. (EPD) delivered a total return of +104. 8%, compared to +79. 4% for Delek Logistics Partners, LP (DKL). Over 10 years, the gap is even starker: DKL returned +201. 2% versus EPD's +116. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — DKL or EPD?
By beta (market sensitivity over 5 years), Enterprise Products Partners L.
P. (EPD) is the lower-risk stock at 0. 06β versus Delek Logistics Partners, LP's 0. 35β — meaning DKL is approximately 454% more volatile than EPD relative to the S&P 500. On balance sheet safety, Enterprise Products Partners L. P. (EPD) carries a lower debt/equity ratio of 114% versus 6% for Delek Logistics Partners, LP — giving it more financial flexibility in a downturn.
05Which is growing faster — DKL or EPD?
By revenue growth (latest reported year), Delek Logistics Partners, LP (DKL) is pulling ahead at 7.
7% versus -6. 4% for Enterprise Products Partners L. P. (EPD). On earnings-per-share growth, the picture is similar: Delek Logistics Partners, LP grew EPS 10. 4% year-over-year, compared to -1. 1% for Enterprise Products Partners L. P.. Over a 3-year CAGR, DKL leads at -0. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — DKL or EPD?
Delek Logistics Partners, LP (DKL) is the more profitable company, earning 17.
4% net margin versus 11. 1% for Enterprise Products Partners L. P. — meaning it keeps 17. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DKL leads at 18. 0% versus 13. 1% for EPD. At the gross margin level — before operating expenses — DKL leads at 20. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is DKL or EPD more undervalued right now?
On forward earnings alone, Enterprise Products Partners L.
P. (EPD) trades at 13. 1x forward P/E versus 13. 9x for Delek Logistics Partners, LP — 0. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DKL: 9. 3% to $56. 00.
08Which pays a better dividend — DKL or EPD?
All stocks in this comparison pay dividends.
Delek Logistics Partners, LP (DKL) offers the highest yield at 8. 7%, versus 5. 7% for Enterprise Products Partners L. P. (EPD).
09Is DKL or EPD better for a retirement portfolio?
For long-horizon retirement investors, Enterprise Products Partners L.
P. (EPD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 06), 5. 7% yield, +116. 1% 10Y return). Both have compounded well over 10 years (EPD: +116. 1%, DKL: +201. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between DKL and EPD?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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