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Dynagas LNG Partners
(NYSE:DLNG)
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Rating:78Outperform
Price Target:
$4.00
â–²(13.31% Upside)
Action:Reiterated
Date:05/31/26
The score is driven primarily by strong financial performance (high margins, improved leverage, and strong TTM growth) and very attractive valuation (low P/E and high yield). These positives are tempered by weaker technical positioning versus key moving averages and historically volatile revenue/free-cash-flow consistency.
Positive Factors
High Profitability
Sustained, very high TTM gross and net margins indicate strong unit economics from charter revenues and tight cost control. High margins provide durable cash generation capacity, supporting distributions, reinvestment and deleveraging even if revenue growth is uneven over the next 2–6 months.
Negative Factors
Volatile Revenue & FCF
Historic swings in revenue and free cash flow weaken the reliability of cash available for distributions and debt reduction. A zero FCF year in 2025 followed by a rebound shows operational and timing volatility that complicates forecasting and raises risk if market conditions deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Sustained, very high TTM gross and net margins indicate strong unit economics from charter revenues and tight cost control. High margins provide durable cash generation capacity, supporting distributions, reinvestment and deleveraging even if revenue growth is uneven over the next 2–6 months.
Read all positive factors
Dynagas LNG Partners Key Performance Indicators (KPIs)
Any
Number Of Vessels
Indicates the size of the fleet, reflecting the company's capacity to generate revenue and its position in the LNG shipping market.
Indicates the size of the fleet, reflecting the company's capacity to generate revenue and its position in the LNG shipping market.
Data provided by:
The Fly
The FlyDynagas LNG Partners (DLNG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$132.07M
Dividend Yield5.08%
Average Volume (3M)43.75K
Price to Earnings (P/E)2.0
Beta (1Y)0.09
Revenue Growth<0.01%
EPS Growth28.26%
CountryUS
Employees10
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)1.80
Shares Outstanding36,382,010
10 Day Avg. Volume49,579
30 Day Avg. Volume43,750
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.29
Price to Sales (P/S)0.88
P/FCF Ratio1.53
Enterprise Value/Market Cap2.61
Enterprise Value/Revenue2.19
Enterprise Value/Gross Profit4.21
Enterprise Value/Ebitda2.93
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.16
Revenue Forecast (FY)$146.43M
Dynagas LNG Partners Business Overview & Revenue Model
Company Description
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. It owns and operates liquefied natural gas (LNG) carriers. The company's fleet consists of six LNG carriers with an ...
How the Company Makes Money
DLNG makes money primarily by earning charter hire (vessel lease) revenue from contracting its LNG carriers to customers under long-term time charter agreements. Under a time charter, the customer pays a contracted daily (or periodic) rate for the...
Dynagas LNG Partners Earnings Call Summary
Earnings Call Date:Sep 10, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Sep 16, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant achievements in debt reduction and financial flexibility, with a strong charter backlog ensuring stability. However, some challenges were noted in the form of decreased operating income and potential increased costs due to interest rate swap maturity.Positive Updates
Fleet Operation and Charter Backlog
All 6 LNG carriers are operating on long-term charters with international gas companies. The contracted backlog stands at approximately $1.04 billion, with an average remaining charter period of 6.4 years.
Negative Updates
Decrease in Operating Income
Operating income for the second quarter was $18.8 million, a 2.6% decrease from the $19.3 million during the prior quarter, attributed to revenue variation and increased expenses.
Read all updates
Q2-2024 Updates
Positive
Negative
Fleet Operation and Charter Backlog
All 6 LNG carriers are operating on long-term charters with international gas companies. The contracted backlog stands at approximately $1.04 billion, with an average remaining charter period of 6.4 years.
Read all positive updates
Company Guidance
During the Q2 2024 earnings call for Dynagas LNG Partners, the company highlighted several key financial metrics and strategic moves. The net income for the quarter was reported at $10.7 million, with adjusted net income at $12.4 million, translating to an adjusted earnings per common unit of $0.25. The adjusted EBITDA for the period reached $28.6 million. Notably, the company completed a $344.9 million lease financing agreement with China Development Bank Financial Leasing, enabling them to repay a previous credit facility of $408.6 million ahead of its September 2024 maturity. The partnership has reduced its debt levels, with two of their LNG carriers now debt-free, positioning them for future growth. Revenue for the quarter was $37.6 million with an average time charter equivalent (TCE) of $67,300 per day. The company maintained a strong cash position, ending the quarter with $35.6 million in cash. Their total debt stands at $345 million, with a leverage ratio of 2.9x, a significant reduction from previous years. The fleet's contracted backlog is approximately $1.04 billion, with a robust charter profile extending up to 2034, ensuring stable income.Dynagas LNG Partners Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 157.45M | 156.62M | 156.40M | 160.48M | 131.66M | 137.75M |
| Gross Profit | 81.98M | 83.95M | 86.16M | 73.13M | 54.33M | 73.74M |
| EBITDA | 117.62M | 113.97M | 113.78M | 105.20M | 111.48M | 103.73M |
| Net Income | 65.50M | 61.64M | 51.59M | 35.87M | 54.01M | 53.26M |
Balance Sheet | ||||||
| Total Assets | 792.26M | 786.24M | 847.15M | 908.91M | 947.71M | 965.48M |
| Cash, Cash Equivalents and Short-Term Investments | 53.03M | 41.04M | 68.16M | 73.75M | 48.60M | 47.57M |
| Total Debt | 266.15M | 277.07M | 320.72M | 419.58M | 497.03M | 561.97M |
| Total Liabilities | 305.11M | 313.01M | 362.35M | 460.67M | 523.78M | 584.00M |
| Stockholders Equity | 486.95M | 473.05M | 484.80M | 448.14M | 423.93M | 381.48M |
Cash Flow | ||||||
| Free Cash Flow | 98.73M | 90.27M | 92.13M | 60.15M | 53.69M | 79.59M |
| Operating Cash Flow | 98.73M | 90.26M | 92.16M | 64.39M | 57.32M | 79.59M |
| Investing Cash Flow | 0.00 | 0.00 | -27.00K | -4.24M | -3.63M | 0.00 |
| Financing Cash Flow | -115.68M | -117.38M | -97.73M | -66.27M | -70.84M | -57.55M |
Dynagas LNG Partners Technical Analysis
Neutral
3.53
Price Trends
3.71
Negative
3.86
Negative
3.73
Negative
Market Momentum
-0.03
Negative
55.42
Neutral
90.86
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DLNG, the sentiment is Neutral. The current price of 3.53 is below the 20-day moving average (MA) of 3.56, below the 50-day MA of 3.71, and below the 200-day MA of 3.73, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 55.42 is Neutral, neither overbought nor oversold. The STOCH value of 90.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DLNG.
Dynagas LNG Partners Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $927.55M | 13.69 | 7.13% | 21.81% | -7.57% | 45.04% | |
78 Outperform | $132.07M | 2.04 | 14.03% | 5.08% | <0.01% | 28.26% | |
76 Outperform | $1.65B | 8.74 | 17.91% | 13.08% | 36.27% | 109.57% | |
75 Outperform | $1.24B | 12.53 | 8.94% | 1.27% | -1.33% | 28.23% | |
71 Outperform | $1.55B | 21.32 | 10.36% | 12.31% | -4.20% | -26.95% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $5.17B | 37.11 | 7.49% | 2.68% | 81.68% | 5160.46% |
* Energy Sector Average
DLNG
Dynagas LNG Partners
3.68
0.27
7.82%
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51.24
11.38
28.55%
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Teekay
10.99
3.25
41.99%
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20.67
5.36
35.04%
LPG
Dorian LPG
40.05
13.65
51.72%
FLNG
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30.01
9.44
45.88%
Dynagas LNG Partners Corporate Events
Dynagas LNG Partners Posts Strong Q1 2026 Results, Secures Higher-Rate Charter for Clean Energy
May 29, 2026
Dynagas LNG Partners reported solid first-quarter 2026 results on May 29, 2026, posting net income of $17.4 million, or $0.43 per common unit, with adjusted net income of $12.4 million, adjusted EBITDA of $24.3 million and fleet utilization of 95....
Dynagas LNG Partners Declares Q1 2026 Cash Distribution of $0.05 per Unit
May 11, 2026
Dynagas LNG Partners LP announced on May 8, 2026 that its board declared a quarterly cash distribution of $0.050 per common unit for the quarter ended March 31, 2026. The payout will be made on May 22, 2026 to common unitholders of record as of Ma...
Dynagas LNG Partners Declares Quarterly Cash Distribution on Series A Preferred Units
Apr 24, 2026
On April 23, 2026, Dynagas LNG Partners announced that its board declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units for the period from February 12 to May 11, 2026. The distribution, th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.