Financial Statements — DKL
Balance Sheet
(in billions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.06 | 0.05 | 0.04 | 0.02 | 0.02 | 0.02 | 0.01 |
| Inventory | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Assets | 0.47 | 0.54 | 0.38 | 0.41 | 0.16 | 0.09 | 0.10 | 0.11 | 0.12 | 0.09 | 0.08 | 0.07 | 0.06 | 0.03 | 0.03 | 0.02 | 0.03 |
| Property, Plant & Equipment | 1.48 | 1.44 | 1.42 | 1.40 | 1.32 | 1.04 | 0.92 | 0.93 | 0.94 | 0.94 | 0.94 | 0.88 | 0.85 | 0.45 | 0.45 | 0.45 | 0.46 |
| Goodwill | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Intangible Assets | -- | -- | -- | -- | -- | 0.10 | -- | -- | -- | -- | -- | -- | -- | 0.11 | 0.12 | 0.12 | 0.12 |
| Total Non-current Assets* | 2.40 | 2.37 | 2.36 | 2.34 | 2.24 | 1.87 | 1.53 | 1.55 | 1.59 | 1.61 | 1.61 | 1.57 | 1.55 | 0.91 | 0.90 | 0.91 | 0.92 |
| Total Assets | 2.87 | 2.91 | 2.75 | 2.75 | 2.40 | 1.96 | 1.62 | 1.65 | 1.71 | 1.69 | 1.69 | 1.64 | 1.61 | 0.94 | 0.93 | 0.94 | 0.95 |
| Accounts Payable | 0.43 | 0.51 | 0.31 | 0.38 | 0.06 | -- | -- | -- | -- | -- | 0.02 | 0.05 | 0.04 | 0.01 | 0.01 | 0.00 | 0.00 |
| Total Current Liabilities | 0.49 | 0.56 | 0.37 | 0.44 | 0.10 | 0.07 | 0.07 | 0.06 | 0.09 | 0.06 | 0.08 | 0.27 | 0.16 | 0.10 | 0.09 | 0.07 | 0.03 |
| Long-term Debt | 2.37 | 2.29 | 2.29 | 2.21 | 2.15 | 1.89 | 1.57 | 1.60 | 1.74 | 1.74 | 1.71 | 1.45 | 1.52 | -- | -- | -- | -- |
| Total Non-current Liabilities | 2.45 | 2.37 | 2.36 | 2.28 | 2.20 | 1.94 | 1.60 | 1.64 | 1.76 | 1.77 | 1.73 | 1.49 | 1.56 | 0.95 | 0.95 | 0.98 | 1.03 |
* Derived from reported values
Income Statement
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 384.76 | 297.47 | 255.77 | 261.28 | 246.35 | 249.93 | 209.86 | 214.07 | 264.63 | 252.08 | 254.15 | 275.82 | 246.91 | 243.53 | 269.05 | 294.02 | 266.75 | 206.58 | 189.88 | 189.63 |
| Cost of Revenue* | 318.67 | 250.56 | 211.88 | 207.32 | 182.77 | 196.18 | 160.85 | 165.23 | 190.26 | 180.55 | 179.80 | 206.50 | 179.07 | 170.08 | 201.95 | 221.87 | 209.59 | 153.60 | 134.16 | 131.63 |
| Gross Profit | 66.09 | 46.91 | 43.88 | 53.95 | 63.59 | 53.75 | 49.01 | 48.85 | 74.37 | 71.52 | 74.35 | 69.32 | 67.84 | 73.45 | 67.10 | 72.15 | 57.16 | 52.98 | 55.72 | 58.00 |
| Selling, General & Admin | 3.28 | 4.27 | 6.31 | 4.52 | 8.94 | 8.86 | 9.32 | 15.75 | 6.02 | 4.86 | 5.10 | 5.55 | 6.61 | 7.51 | 3.35 | 11.96 | 13.77 | 5.10 | 5.47 | 6.14 |
| Total Operating Expenses* | 42.79 | 46.60 | 45.13 | 43.47 | 37.53 | 40.63 | 33.13 | 27.75 | 29.45 | 31.70 | 30.38 | 32.61 | 28.48 | 24.22 | 22.55 | 13.14 | 14.95 | 6.15 | 38.12 | 7.42 |
| Operating Income | 61.90 | 40.01 | 36.44 | 45.37 | 52.44 | 47.60 | 38.02 | 31.81 | 68.46 | 64.54 | 52.52 | 62.55 | 59.95 | 63.93 | 61.62 | 59.02 | 42.21 | 46.84 | 49.36 | 50.58 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 35.27 | 40.23 | 38.66 | 36.90 | 35.10 | 32.58 | 28.68 | 22.56 | 16.81 | 14.25 | 14.30 | 14.53 |
| Pretax Income | 28.87 | 32.35 | 46.98 | 45.90 | 44.82 | 39.22 | 35.25 | 33.82 | 41.12 | 32.97 | 22.67 | 34.95 | 32.15 | 37.67 | 42.29 | 45.06 | 32.47 | 39.62 | 41.68 | 43.43 |
| Tax Provision | 0.00 | 0.00 | (0.31) | 0.34 | 0.25 | 0.18 | (0.05) | 0.15 | 0.06 | 0.33 | 0.52 | 0.13 | 0.26 | 0.30 | (0.41) | 0.39 | 0.31 | 0.10 | -0.00 | (0.19) |
| Net Income | 28.87 | 32.35 | 47.29 | 45.56 | 44.57 | 39.03 | 35.31 | 33.67 | 41.06 | 32.65 | 22.15 | 34.83 | 31.90 | 37.37 | 42.70 | 44.67 | 32.16 | 39.51 | 41.69 | 43.62 |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 71.20 | 170.38 | 43.21 | 54.94 | 107.42 | 31.55 | 49.90 | 24.94 | 87.64 | 43.86 | 114.69 | 46.83 | 34.61 | 29.19 | (105.31) | 164.43 | 85.14 | 47.92 | 52.89 | 74.75 |
| Capital Expenditures | 59.54 | 48.52 | 30.62 | 67.19 | 114.47 | 55.47 | 46.03 | 56.60 | 15.15 | 11.26 | 37.54 | 3.14 | 27.58 | 27.84 | 64.25 | 41.35 | 24.89 | 10.61 | -- | 3.59 |
| Free Cash Flow* | 11.66 | 121.85 | 12.59 | (12.26) | (7.05) | (23.92) | 3.87 | (31.66) | 72.49 | 32.60 | 77.15 | 43.69 | 7.03 | 1.35 | (169.56) | 123.08 | 60.24 | 37.31 | -- | 71.16 |
| Investing Cash Flow | (59.79) | (49.30) | (32.54) | (63.98) | (112.92) | (234.77) | (70.05) | (299.11) | (5.56) | (9.86) | (33.99) | (0.74) | (27.91) | (26.98) | (65.35) | (45.76) | (646.85) | (12.48) | (8.39) | (2.76) |
| Financing Cash Flow | (7.61) | (122.06) | (6.69) | 14.52 | 4.82 | 199.94 | 18.22 | 276.37 | (86.64) | (28.08) | (81.12) | (49.62) | (9.95) | 0.78 | 163.69 | (117.53) | 572.80 | (37.01) | (45.07) | (69.30) |
* Derived from reported values