AIN

Albany International

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Consumer Cyclical

industry

Textile Manufacturing

Exchange

NYSE

County of HQ

United States

Next Earnings Date

04/29/26

Business Summary

DKL operates as a logistics and refining-linked energy infrastructure vehicle, generating cash primarily through transportation, storage, and marketing of oil and refined products. The model depends on throughput volumes and fee-based arrangements that convert physical energy flows into distributable cash. Its moat is rooted in physical infrastructure, network connectivity, and contractual relationships rather than brand or technology differentiation. Cash generation is driven by asset utilization and spread economics, but the capital intensity and leverage inherent in the model create a narrow margin for operational missteps.

VALUATION

P/E

-

Market Cap ($M USD)

$1,621

Forward P/E

19.6

PEG

2.4

PRICE TO SALES

1.4

PRICE TO BOOK

2.2

EV / EBITDA

38.1

5-Year Average P/E

DIVIDEND

Yield

1.90%

Annual Payout

$1.12

Payout Ratio

-

Consecutive Years of Dividend Growth

8

5-Year Dividend Growth Rate

7.00%

Financial Health & Profitability

Earnings Per Share

-$1.94

Next Year EPS Growth Estimate

$2.91

Next Year Revenue Growth Estimate

-2.40%

Return on Equity (ROE)

-7.90%

Operating Margin

-1.90%

Debt-to-Equity

0.6

Piotroski F-Score

3

Altman Z-Score

2.8

Return on Invested Capital (ROIC)

-3.00%%

Current Ratio

2.1

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 15.1x earnings and 11.5x forward earnings, the market is pricing DKL as a modestly undervalued cash-flow vehicle, but not a growth compounder. The compression from current P/E to forward P/E suggests earnings normalization, especially with EPS at 10.5 versus next year’s estimate of $3.30, implying volatility in profitability. The Altman Z-Score of 1.2 signals balance sheet fragility and elevated financial stress risk, which materially offsets any valuation appeal. With a Piotroski F-Score of 3 and a PEG Forward not provided, this is not a clean GARP setup — it is a leveraged yield play with real downside risk if fundamentals deteriorate. The market is not obviously mispricing explosive growth; it is discounting risk.

AI Exposure / Tech Reliance

As an Oil & Gas Refining & Marketing player, DKL operates in a capital-intensive, asset-heavy segment where AI adoption is incremental rather than transformational. Efficiency gains from logistics optimization and predictive maintenance may support margins, but the core business is not structurally enhanced by AI-driven disruption. This is an infrastructure cash-flow story, not a technology-levered growth platform.

The Bull Case

A value-oriented investor could argue the stock offers compelling cash economics relative to price. A 15.1 P/E dropping to 11.5 forward, combined with ROIC of 11.30%, indicates the company generates returns above many capital-heavy peers. Institutional ownership at 48.25% suggests serious capital is involved, and a 4.30% short float is not signaling broad capitulation. The TTM Yield of 388.8 and Dividend Per Share of 9.00% present an income-heavy profile, while a current ratio of 1.1 suggests near-term liquidity is manageable. For yield-focused GARP investors willing to tolerate volatility, this looks like a high-distribution vehicle trading at a non-demanding multiple.

The Bear Case

The red flags are impossible to ignore. A Price/Book of 434.8 is extreme, suggesting either minimal book equity or aggressive leverage relative to asset base. While Debt/Equity is listed at 18.00%, the Altman Z-Score of 1.2 reinforces financial vulnerability. The Piotroski F-Score of 3 signals weak fundamental momentum, and the mismatch between EPS of 10.5 and next year’s estimate of $3.30 points to earnings compression. With Sales Growth Next Year listed at $4.35 and no PEG Forward provided, there is no clear quantified growth justification for multiple expansion, making this vulnerable in a tightening credit or commodity downturn scenario.

Market Sentiment & Smart Money

Short Interest %

3.20%

Analyst Consensus

3.2

Average Analyst Price Target

$56.25

Institutional Ownership %

105.80%

1-Year Beta

1.19

Insider Buying % (6 Mo)

0.60%%

Distance to 52-Week High

78.40%%

Distance to 52-Week Low

139.00%%