Delek Logistics vs TGS

Delek Logistics Partners LP and TGS Transportadora de Gas del Sur S.A. This page compares business models, financial performance, and market context to help you understand how each company operates and fits within the energy logistics sector. The content is presented in a neutral, accessible manner, without investment recommendations, and aims to inform readers about underlying drivers and sector dynamics. Educational content, not financial advice.

Delek Logistics Partners LP and TGS Transportadora de Gas del Sur S.A. This page compares business models, financial performance, and market context to help you understand how each company operates an...

About The Companies

Delek Logistics (DKL)

Delek Logistics Partners LP (DKL) is a US-listed master limited partnership operating in the midstream oil and gas sector. It owns and operates pipelines, terminals and storage assets that move and store crude oil and refined products, serving refiners and marketers. Revenues are driven by throughput volumes, terminal utilisation and contractual fee structures rather than commodity prices alone, though demand and refining activity influence performance. With a market capitalisation around $2.36bn, DKL has historically attracted investors seeking distribution income, but payouts can fluctuate with business conditions and capital needs. Key risks include exposure to commodity cycles, regulatory and environmental requirements, counterparty concentration and leverage. Investors should note potential tax reporting differences (K‑1 forms) and that this is general educational information, not personalised investment advice; values can rise and fall and income is not guaranteed.

TGS (TGS)

Transportadora de Gas del Sur S.A. (TGS) is an Argentina-based midstream natural gas company that operates an extensive pipeline network, gas processing plants and storage facilities. Listed as TGS, the company provides transmission and transportation services to utility, industrial and power-generation customers and participates in gas processing and related businesses. With a market capitalisation of around $1.62B, revenues are driven by contracted pipeline tariffs, processed gas sales and seasonal demand patterns. Investors should note material exposure to Argentine economic conditions — including currency fluctuations, inflation and regulatory changes — which can affect tariffs, cash flows and dividend capacity. While the pipeline business can offer relatively predictable cash flow from long-term contracts, TGS’s performance depends on domestic demand, government regulation and commodity markets. This summary is for general educational purposes only and is not personalised investment advice; values can fall as well as rise and past distributions do not guarantee future payouts.

Comparison Snapshot

Key Financial Metrics

DKL

Metric

TGS

$2.42B

Market Cap

$2.32B

-1.68%

Potential Profit

13.80%

Buy

Analyst Rating

Buy

Which Baskets Do They Appear In?

OPEC+ Opens The Taps: Midstream's Moment

OPEC+ has decided to maintain its policy of gradually increasing oil production to meet rising global demand. This creates an investment opportunity in companies that provide the essential midstream services, such as transportation and storage, which will see increased business from the higher oil supply.

Published: July 25, 2025

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Which Baskets Do They Appear In?

OPEC+ Opens The Taps: Midstream's Moment

OPEC+ has decided to maintain its policy of gradually increasing oil production to meet rising global demand. This creates an investment opportunity in companies that provide the essential midstream services, such as transportation and storage, which will see increased business from the higher oil supply.

Published: July 25, 2025

Explore Basket

Investment Analysis

Delek Logistics

DKL

Pros

Delek Logistics has a diverse portfolio including crude oil, natural gas, refined products, and water, supporting a stable midstream energy business.
The company shows strong profitability with a net income of $151.82 million and a forward P/E ratio of 10.71 indicating potential valuation support.
Delek Logistics is making progress in operational efficiency and growth initiatives, especially in the Permian Basin, enhancing free cash flow generation.

Considerations

Delek Logistics carries a high price-to-book ratio relative to peers, indicating a potentially rich valuation compared to sector averages.
The business faces exposure to commodity price fluctuations and regulatory risks inherent in the oil and gas midstream sector.
Despite dividend yield attractiveness, the partnership structure and reliance on Delek US Holdings for strategic direction may present governance or execution risks.

TGS

Pros

TGS operates a vertically integrated natural gas business in Argentina including transportation, production, and commercialization of natural gas liquids.
The company serves diverse end markets including residential, commercial, industrial, and power generation which supports revenue stability.
TGS has multiple business segments offering operational and maintenance services, steam generation, and telecommunications, providing revenue diversification.

Considerations

TGS has significant geographic concentration risk with primary operations in Argentina, exposing it to local regulatory and economic volatility.
The company is sensitive to changes in natural gas demand and pricing, which can be impacted by macroeconomic and energy sector dynamics in South America.
Infrastructure-heavy businesses like TGS often face capital expenditure and maintenance cost pressures that can constrain free cash flow.

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About The Companies

Comparison Snapshot

Which Baskets Do They Appear In?

OPEC+ Opens The Taps: Midstream's Moment

Which Baskets Do They Appear In?

OPEC+ Opens The Taps: Midstream's Moment

Investment Analysis

Delek Logistics

Pros

Considerations

TGS

Pros

Considerations

Why invest with Nemo?

Zero Commission

Trusted & Regulated

6% Interest on Cash

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Frequently asked questions

About The Companies

Comparison Snapshot

Delek Logistics vs TGS

About The Companies

Comparison Snapshot

Which Baskets Do They Appear In?

OPEC+ Opens The Taps: Midstream's Moment

Which Baskets Do They Appear In?

OPEC+ Opens The Taps: Midstream's Moment

Investment Analysis

Delek Logistics

Pros

Considerations

TGS

Pros

Considerations

Why invest with Nemo?

Zero Commission

Trusted & Regulated

6% Interest on Cash

Discover More Comparisons

Delek Logistics vs Delek US

Delek Logistics vs Oceaneering

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Frequently asked questions

What is the basic idea behind comparing two stock listings like Delek Logistics Partners LP and TGS?

How do business models influence risk and potential returns in a stock comparison?

What does the forward P/E ratio indicate about Delek Logistics’ valuation?

How might diversification of end markets affect TGS’s revenue stability?

Why is governance a consideration in this comparison, especially for Delek Logistics?

What are the market drivers commonly affecting midstream players like Delek Logistics?

What regional factors most impact TGS’s business outlook?

How should a beginner interpret ‘dividend yield’ in this comparison?

What is meant by ‘free cash flow’ and why is it relevant here?

What should a beginner look for when comparing profitability metrics between these stocks?

Is there an educational takeaway from studying a stock-to-stock comparison like this?

About The Companies

Comparison Snapshot