How did DKL's Q3 earnings surprise impact its stock?

Delek Logistics Partners, LP (NYSE:DKL) did not experience a positive earnings surprise in Q3, as the company's actual revenue was lower than analysts' expectations. The firm reported a revenue of $252.08 million for the quarter, which fell short of the analysts' expectations of $263.96 million. This negative surprise likely had a negative impact on the stock, as it indicated a decline in the company's performance.

However, it's important to note that the stock's performance is influenced by a multitude of factors, and earnings surprise is just one of them. Other factors such as market conditions, company news, and investor sentiment can also significantly impact stock prices. Therefore, while the earnings surprise may have contributed to the stock's performance, it is not the sole determinant of it.