Delek Logistics Partners L.P. (DKL) vs Plains GP L.P. (PAGP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Plains GP L.P. (PAGP) has outperformed Delek Logistics Partners L.P. (DKL) over the past year, gaining 47.1% versus a gain of 25.0%. Over five years, PAGP leads with a +123.7% price change compared with +12.5% for DKL. Plains GP L.P. is the larger company by market cap ($6.19 billion vs $3.27 billion), about 1.9 times the size, while Delek Logistics Partners L.P. is growing revenue faster (+7.7% vs -9.5%).
On valuation, Plains GP L.P. trades at a lower forward P/E (12.9x vs 14.8x for Delek Logistics Partners L.P.). Delek Logistics Partners L.P. offers the higher dividend yield (7.97% vs 6.15%). Delek Logistics Partners L.P. converts more of its revenue into profit, with a net margin of 17.4% versus 0.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | DKL | PAGP |
|---|---|---|
| Share price | $56.60 | $26.57 |
| Market cap | $3.27B | $6.19B |
| 1-day change | +1.13% | +1.37% |
| YTD return | +26.00% | +37.10% |
| 1-year return | +24.99% | +47.09% |
| 5-year return | +12.48% | +123.70% |
| P/E ratio (TTM) | 19.58 | 60.39 |
| Forward P/E | 14.80 | 12.86 |
| EPS (TTM) | $2.89 | $0.44 |
| Dividend yield | 7.97% | 6.15% |
| Annual dividend | $4.51 | $1.63 |
| Revenue (latest FY) | $1.01B | $44.26B |
| Revenue growth (YoY) | +7.73% | -9.46% |
| Net income (latest FY) | $176.46M | $260.00M |
| Gross margin | 21.23% | 8.65% |
| Operating margin | 17.95% | 3.23% |
| Net margin | 17.41% | 0.59% |
| 52-week high | $61.50 | $28.70 |
| 52-week low | $42.35 | $16.68 |
| Distance from 52-week high | -7.97% | -7.42% |
| Analyst consensus | none | buy |
| Avg. price target upside | -6.06% | -1.84% |
| Average volume | 171.11K | 1.63M |
| Shares outstanding | 57.80M | 197.90M |
| Sector | Energy | Energy |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- PAGP has outperformed DKL by 22.1 percentage points over the past year.
- Plains GP L.P. trades at a higher earnings multiple (60.4x vs 19.6x trailing P/E).
- Delek Logistics Partners L.P. offers a meaningfully higher dividend yield (7.97% vs 6.15%).
- Delek Logistics Partners L.P. is more profitable, keeping 17.4 cents of every revenue dollar as net income versus 0.6 cents for Plains GP L.P..
- Delek Logistics Partners L.P. grew revenue faster in its latest fiscal year (+7.73% vs -9.46%).
About Delek Logistics Partners L.P.
DKL stock →Delek Logistics Partners, LP provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal and recycling customers in the United States. The company operates in four segments: Gathering and Processing, Wholesale Marketing and Terminalling, Storage and Transportation, and Investments in Joint Ventures.
Energy · Natural Gas Distribution
About Plains GP L.P.
PAGP stock →Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates through Crude Oil and Natural Gas Liquids (NGLs) segments.
Energy · Natural Gas Distribution
DKL vs PAGP FAQ
Which is bigger, Delek Logistics Partners L.P. or Plains GP L.P.?
Plains GP L.P. (PAGP) is larger, with a market capitalization of $6.19B compared with $3.27B for Delek Logistics Partners L.P. (DKL).
Which stock has performed better over the past year, DKL or PAGP?
PAGP returned +47.09% over the past 12 months, compared with +24.99% for DKL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DKL or PAGP?
DKL has the lower trailing P/E at 19.6, versus 60.4 for PAGP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Delek Logistics Partners L.P. or Plains GP L.P.?
Delek Logistics Partners L.P. has the higher yield at 7.97%, compared with 6.15% for Plains GP L.P..
Are Delek Logistics Partners L.P. and Plains GP L.P. in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Energy sector.