DKL
Delek Logistics Partners, LP
Oil & Gas Midstream
Market Cap$2.71B
5Y Perf.+114.3%
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Stock Comparison
DKL vs TRGP
Revenue, margins, valuation, and 5-year total return — side by side.
TRGP
Targa Resources Corp.
Oil & Gas Midstream
Market Cap$54.26B
5Y Perf.+1311.1%
DKL vs TRGP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | DKL | TRGP |
|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $2.71B | $54.26B |
| Revenue (TTM) | $1.06B | $16.38B |
| Net Income (TTM) | $170M | $2.13B |
| Gross Margin | 19.2% | 22.1% |
| Operating Margin | 16.5% | 21.1% |
| Forward P/E | 13.8x | 24.9x |
| Total Debt | $35M | $17.55B |
| Cash & Equiv. | $11M | $166M |
DKL vs TRGP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
DKL
TRGP
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Delek Logistics Par… (DKL) | 100 | 214.3 | +114.3% |
| Targa Resources Cor… (TRGP) | 100 | 1411.1 | +1311.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DKL vs TRGP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: DKL leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Targa Resources Corp. is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
DKL
Delek Logistics Partners, LP
The Income Pick
DKL carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 5 yrs, beta 0.35, yield 8.7%
- Rev growth 7.7%, EPS growth 10.4%, 3Y rev CAGR -0.7%
- Beta 0.35, yield 8.7%, current ratio 1.12x
Best for: income & stability and growth exposure
TRGP
Targa Resources Corp.
The Long-Run Compounder
TRGP is the clearest fit if your priority is long-term compounding and sleep-well-at-night.
- 6.2% 10Y total return vs DKL's 207.3%
- Lower volatility, beta 0.29, current ratio 0.67x
- Beta 0.29 vs DKL's 0.35, lower leverage
Best for: long-term compounding and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | DKL | 7.7% revenue growth vs TRGP's 3.1% |
| Value | DKL | Lower P/E (13.8x vs 24.9x) |
| Quality / Margins | DKL | 16.0% margin vs TRGP's 13.0% |
| Stability / Safety | TRGP | Beta 0.29 vs DKL's 0.35, lower leverage |
| Dividends | DKL | 8.7% yield, 5-year raise streak, vs TRGP's 1.5% |
| Momentum (1Y) | TRGP | +61.6% vs DKL's +45.1% |
| Efficiency (ROA) | TRGP | 8.5% ROA vs DKL's 6.1%, ROIC 13.2% vs 14.1% |
DKL vs TRGP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2023
FY 2025
DKL vs TRGP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLDKLLAGGINGTRGP
TRGPTarga Resources Corp.
3leads
DKLDelek Logistics Partn…
3leads
6 Total Categories
CATEGORYLEADERvs TRGPMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
DKL4/6
Valuation MetricsMultiples, price ratios, and targets
DKL4/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
TRGP5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
TRGP6/6
Risk & VolatilityBeta, volatility, and downside exposure
TRGP2/2
Analyst OutlookRatings, price targets, and dividends
DKL2/2
Income & Cash Flow (Last 12 Months)
DKL leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
TRGP is the larger business by revenue, generating $16.4B annually — 15.4x DKL's $1.1B. Profitability is closely matched — net margins range from 16.0% (DKL) to 13.0% (TRGP). On growth, DKL holds the edge at +19.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | DKLDelek Logistics P… | TRGPTarga Resources C… |
|---|---|---|
| RevenueTrailing 12 months | $1.1B | $16.4B |
| EBITDAEarnings before interest/tax | $310M | $5.0B |
| Net IncomeAfter-tax profit | $170M | $2.1B |
| Free Cash FlowCash after capex | $112M | $1.2B |
| Gross MarginGross profit ÷ Revenue | +19.2% | +22.1% |
| Operating MarginEBIT ÷ Revenue | +16.5% | +21.1% |
| Net MarginNet income ÷ Revenue | +16.0% | +13.0% |
| FCF MarginFCF ÷ Revenue | +10.6% | +7.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +19.0% | -15.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -17.8% | -100.0% |
DKL leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
DKL leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 15.5x trailing earnings, DKL trades at a 48% valuation discount to TRGP's 29.6x P/E. On an enterprise value basis, DKL's 8.8x EV/EBITDA is more attractive than TRGP's 14.4x.
| Metric | DKLDelek Logistics P… | TRGPTarga Resources C… |
|---|---|---|
| Market CapShares × price | $2.7B | $54.3B |
| Enterprise ValueMkt cap + debt − cash | $2.7B | $71.6B |
| Trailing P/EPrice ÷ TTM EPS | 15.46x | 29.63x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.82x | 24.88x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 8.81x | 14.44x |
| Price / SalesMarket cap ÷ Revenue | 2.68x | 3.17x |
| Price / BookPrice ÷ Book value/share | 446.88x | 16.97x |
| Price / FCFMarket cap ÷ FCF | — | 92.90x |
DKL leads this category, winning 4 of 5 comparable metrics.
Profitability & Efficiency
TRGP 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 $71 for TRGP. TRGP carries lower financial leverage with a 5.49x debt-to-equity ratio, signaling a more conservative balance sheet compared to DKL's 5.75x. On the Piotroski fundamental quality scale (0–9), TRGP scores 6/9 vs DKL's 4/9, reflecting solid financial health.
| Metric | DKLDelek Logistics P… | TRGPTarga Resources C… |
|---|---|---|
| ROE (TTM)Return on equity | +19.2% | +70.8% |
| ROA (TTM)Return on assets | +6.1% | +8.5% |
| ROICReturn on invested capital | +14.1% | +13.2% |
| ROCEReturn on capital employed | +8.3% | +16.7% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | 5.75x | 5.49x |
| Net DebtTotal debt minus cash | $24M | $17.4B |
| Cash & Equiv.Liquid assets | $11M | $166M |
| Total DebtShort + long-term debt | $35M | $17.5B |
| Interest CoverageEBIT ÷ Interest expense | 1.66x | 6.52x |
TRGP leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
TRGP leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TRGP five years ago would be worth $69,223 today (with dividends reinvested), compared to $18,598 for DKL. Over the past 12 months, TRGP leads with a +61.6% total return vs DKL's +45.1%. The 3-year compound annual growth rate (CAGR) favors TRGP at 54.4% vs DKL's 13.3% — a key indicator of consistent wealth creation.
| Metric | DKLDelek Logistics P… | TRGPTarga Resources C… |
|---|---|---|
| YTD ReturnYear-to-date | +13.4% | +36.4% |
| 1-Year ReturnPast 12 months | +45.1% | +61.6% |
| 3-Year ReturnCumulative with dividends | +45.6% | +268.0% |
| 5-Year ReturnCumulative with dividends | +86.0% | +592.2% |
| 10-Year ReturnCumulative with dividends | +207.3% | +618.0% |
| CAGR (3Y)Annualised 3-year return | +13.3% | +54.4% |
TRGP leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
TRGP leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
TRGP is the less volatile stock with a 0.29 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. TRGP currently trades 96.4% from its 52-week high vs DKL's 91.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | DKLDelek Logistics P… | TRGPTarga Resources C… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.35x | 0.29x |
| 52-Week HighHighest price in past year | $55.89 | $261.95 |
| 52-Week LowLowest price in past year | $37.50 | $144.14 |
| % of 52W HighCurrent price vs 52-week peak | +91.3% | +96.4% |
| RSI (14)Momentum oscillator 0–100 | 50.0 | 54.1 |
| Avg Volume (50D)Average daily shares traded | 64K | 1.3M |
TRGP leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
DKL leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates DKL as "Hold" and TRGP as "Buy". Consensus price targets imply 9.8% upside for DKL (target: $56) vs -5.8% for TRGP (target: $238). For income investors, DKL offers the higher dividend yield at 8.72% vs TRGP's 1.51%.
| Metric | DKLDelek Logistics P… | TRGPTarga Resources C… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $56.00 | $237.70 |
| # AnalystsCovering analysts | 10 | 33 |
| Dividend YieldAnnual dividend ÷ price | +8.7% | +1.5% |
| Dividend StreakConsecutive years of raises | 5 | 4 |
| Dividend / ShareAnnual DPS | $4.45 | $3.81 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | +1.2% |
DKL leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
DKL leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). TRGP leads in 3 (Profitability & Efficiency, Total Returns).
Best OverallDelek Logistics Partners, LP (DKL)Leads 3 of 6 categories
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DKL vs TRGP: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is DKL or TRGP 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 3. 1% for Targa Resources Corp. (TRGP). Delek Logistics Partners, LP (DKL) offers the better valuation at 15. 5x trailing P/E (13. 8x forward), making it the more compelling value choice. Analysts rate Targa Resources Corp. (TRGP) a "Buy" — based on 33 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 TRGP?
On trailing P/E, Delek Logistics Partners, LP (DKL) is the cheapest at 15.
5x versus Targa Resources Corp. at 29. 6x. On forward P/E, Delek Logistics Partners, LP is actually cheaper at 13. 8x.
03Which is the better long-term investment — DKL or TRGP?
Over the past 5 years, Targa Resources Corp.
(TRGP) delivered a total return of +592. 2%, compared to +86. 0% for Delek Logistics Partners, LP (DKL). Over 10 years, the gap is even starker: TRGP returned +618. 0% versus DKL's +207. 3%. 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 TRGP?
By beta (market sensitivity over 5 years), Targa Resources Corp.
(TRGP) is the lower-risk stock at 0. 29β versus Delek Logistics Partners, LP's 0. 35β — meaning DKL is approximately 19% more volatile than TRGP relative to the S&P 500. On balance sheet safety, Targa Resources Corp. (TRGP) carries a lower debt/equity ratio of 5% versus 6% for Delek Logistics Partners, LP — giving it more financial flexibility in a downturn.
05Which is growing faster — DKL or TRGP?
By revenue growth (latest reported year), Delek Logistics Partners, LP (DKL) is pulling ahead at 7.
7% versus 3. 1% for Targa Resources Corp. (TRGP). On earnings-per-share growth, the picture is similar: Targa Resources Corp. grew EPS 48. 4% year-over-year, compared to 10. 4% for Delek Logistics Partners, LP. 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 TRGP?
Delek Logistics Partners, LP (DKL) is the more profitable company, earning 17.
4% net margin versus 10. 8% for Targa Resources Corp. — meaning it keeps 17. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRGP leads at 20. 1% versus 18. 0% for DKL. At the gross margin level — before operating expenses — TRGP leads at 26. 5%, 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 TRGP more undervalued right now?
On forward earnings alone, Delek Logistics Partners, LP (DKL) trades at 13.
8x forward P/E versus 24. 9x for Targa Resources Corp. — 11. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DKL: 9. 8% to $56. 00.
08Which pays a better dividend — DKL or TRGP?
All stocks in this comparison pay dividends.
Delek Logistics Partners, LP (DKL) offers the highest yield at 8. 7%, versus 1. 5% for Targa Resources Corp. (TRGP).
09Is DKL or TRGP better for a retirement portfolio?
For long-horizon retirement investors, Targa Resources Corp.
(TRGP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 29), 1. 5% yield, +618. 0% 10Y return). Both have compounded well over 10 years (TRGP: +618. 0%, DKL: +207. 3%), 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 TRGP?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: DKL is a small-cap deep-value stock; TRGP is a mid-cap quality compounder stock. 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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Revenue Growth>
%
(DKL: 19.0% · TRGP: -15.6%)Net Margin>
%
(DKL: 16.0% · TRGP: 13.0%)P/E Ratio<
x
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