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Dynagas LNG Partners LP (DLNG)
NYSE:DLNG
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Dynagas LNG Partners (DLNG) AI Stock Analysis

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DLNG

Dynagas LNG Partners

(NYSE:DLNG)

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Outperform 79 (OpenAI - 4o)
Rating:79Outperform
Price Target:
$4.00
â–²(10.80% Upside)
Dynagas LNG Partners' strong financial performance and attractive valuation are the primary drivers of its high score. The company's robust profitability and efficient cash flow generation, combined with a low P/E ratio and high dividend yield, make it an appealing investment. Technical analysis suggests some caution due to short-term downtrends, but medium-term indicators provide support.

Dynagas LNG Partners (DLNG) vs. SPDR S&P 500 ETF (SPY)

Dynagas LNG Partners Business Overview & Revenue Model

Company DescriptionDynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) carriers. As of April 29, 2022, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 914,100 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP. The company was incorporated in 2013 and is headquartered in Athens, Greece.
How the Company Makes MoneyDynagas LNG Partners generates revenue primarily through long-term fixed-rate charters for its LNG carriers. These contracts are typically entered into with major energy companies and utility providers, providing a stable and predictable income stream. The company benefits from long-term relationships with its clients, ensuring high utilization rates of its fleet. Additionally, DLNG may earn revenue through spot market charters, which can provide higher rates during periods of increased demand. The company also benefits from operational efficiencies and cost management, contributing to its profitability. Key partnerships with leading energy producers enhance its market position and provide access to a steady flow of contracts.

Dynagas LNG Partners Earnings Call Summary

Earnings Call Date:Sep 08, 2025
(Q2-2024)
|
% Change Since: |
Next Earnings Date:Nov 13, 2025
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.
Q2-2024 Updates
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.
Strategic Deleveraging and Financial Flexibility
Debt levels have been significantly reduced from $675 million in September 2019 to $345 million in June 2024. The net debt-to-EBITDA ratio improved from 6.6x to 2.9x. 33% of the fleet is now debt-free.
Successful Lease Financing Agreement
Concluded a $344.9 million lease financing agreement with China Development Bank Financial Leasing for 4 LNG carriers, improving financing structure and flexibility.
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.
Interest Rate Swap Maturity and Increased Debt Service Costs
Realized and unrealized gains from interest rate swaps decreased, and the swap matures on September 18, 2024. Debt service per day is expected to increase by about $5,200 per day in Q4 2024.
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
Dynagas LNG Partners demonstrates strong financial health with robust profitability and efficient cash flow generation. The company maintains a healthy balance sheet with manageable debt levels, and improvements in revenue and profitability metrics suggest a positive outlook. While revenue slightly decreased recently, the company’s margins and cash flow generation remain compelling strengths.
Income Statement
82
Very Positive
Dynagas LNG Partners has shown strong financial performance with a consistent gross profit margin, notably achieving 75.64% in the latest year. Net profit margins have improved significantly from previous years, reaching 32.98%. Revenue growth has been positive over the long term, although there was a slight decline of 2.54% from 2023 to 2024. EBIT and EBITDA margins remain robust, reflecting efficient operational management.
Balance Sheet
74
Positive
The balance sheet indicates a stable financial position with a debt-to-equity ratio of 0.66, showing a manageable level of leverage. Return on equity has improved to 10.64%, suggesting effective use of equity to generate profits. The equity ratio is healthy at 57.23%, indicating strong equity financing relative to total assets.
Cash Flow
88
Very Positive
Cash flow generation is strong, with a significant increase in free cash flow by 53.15% from the previous year. Operating cash flow to net income ratio is high at 1.79, indicating good cash conversion efficiency. The free cash flow to net income ratio of 1.79 also highlights a strong capacity to generate cash relative to net income.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue157.46M156.40M160.48M131.66M137.75M137.16M
Gross Profit85.39M86.16M73.13M54.33M73.74M73.54M
EBITDA110.21M115.14M107.24M113.94M106.89M96.06M
Net Income53.41M51.59M35.87M42.41M41.66M11.21M
Balance Sheet
Total Assets837.00M847.15M908.91M947.71M965.48M965.84M
Cash, Cash Equivalents and Short-Term Investments69.98M68.16M73.75M71.14M47.57M24.98M
Total Debt309.81M320.72M419.58M543.28M561.97M607.68M
Total Liabilities343.84M362.35M460.67M523.78M584.00M629.34M
Stockholders Equity0.00484.80M448.24M423.93M381.48M336.50M
Cash Flow
Free Cash Flow98.66M92.13M60.15M53.69M79.59M68.60M
Operating Cash Flow98.66M92.16M64.39M57.32M79.59M68.60M
Investing Cash Flow0.00-27.00K-4.24M-3.63M0.000.00
Financing Cash Flow-104.84M-97.73M-66.27M-70.84M-57.55M-59.83M

Dynagas LNG Partners Technical Analysis

Technical Analysis Sentiment
Negative
Last Price3.61
Price Trends
50DMA
3.62
Negative
100DMA
3.61
Positive
200DMA
3.87
Negative
Market Momentum
MACD
0.01
Positive
RSI
42.56
Neutral
STOCH
8.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DLNG, the sentiment is Negative. The current price of 3.61 is below the 20-day moving average (MA) of 3.74, below the 50-day MA of 3.62, and below the 200-day MA of 3.87, indicating a bearish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 42.56 is Neutral, neither overbought nor oversold. The STOCH value of 8.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DLNG.

Dynagas LNG Partners Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
722.23M5.939.96%23.61%-26.05%-44.48%
79
Outperform
$131.88M2.5111.69%5.43%-1.72%55.38%
77
Outperform
1.35B13.7614.59%11.83%-2.98%-17.51%
76
Outperform
1.11B12.997.10%1.25%1.19%12.56%
72
Outperform
1.33B27.154.73%10.05%-42.64%-84.82%
52
Neutral
4.25B-580.97-0.40%2.46%-2.78%-105.22%
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DLNG
Dynagas LNG Partners
3.61
<0.01
0.28%
GLNG
Golar LNG
40.61
4.81
13.44%
TK
Teekay
8.47
1.44
20.48%
NVGS
Navigator Holdings
16.02
0.16
1.01%
LPG
Dorian LPG
31.21
0.22
0.71%
FLNG
FLEX LNG
25.36
2.78
12.31%

Dynagas LNG Partners Corporate Events

Dynagas LNG Partners Completes Series B Preferred Units Redemption
Sep 18, 2025

On May 27, 2025, Dynagas LNG Partners LP announced the full redemption of its 8.75% Series B Preferred Units, which was completed on July 25, 2025. This move is part of the company’s strategy to maintain balance sheet strength and prioritize capital allocation. Additionally, cash distributions were made on August 12, 2025, for Series A Preferred Units and on August 29, 2025, for common units. The company’s focus remains on deleveraging and returning capital to unitholders while navigating geopolitical uncertainties and regulatory changes.

Dynagas LNG Partners Reports Strong Financial Results and Redeems Series B Preferred Units
Sep 9, 2025

Dynagas LNG Partners LP reported its financial results for the three and six months ended June 30, 2025, on September 8, 2025. The company achieved a net income of $27.3 million for the half-year and $13.7 million for the quarter, with fleet utilization rates of 99.7% and 99.4%, respectively. The company also completed the full redemption of its Series B Preferred Units on July 25, 2025, and declared cash distributions for its Series A Preferred Units and common units. These results highlight the strength of Dynagas LNG Partners’ contracts-based business model, which provides stability amidst a weak short-term LNG shipping market.

Dynagas LNG Partners Declares Quarterly Cash Distribution
Aug 14, 2025

On August 13, 2025, Dynagas LNG Partners LP announced a cash distribution of $0.049 per unit for the quarter ending June 30, 2025. This distribution is set to be paid on or around August 29, 2025, to unit holders of record as of August 25, 2025. The announcement reflects the company’s ongoing commitment to providing returns to its stakeholders, potentially impacting its financial stability and market perception positively.

Dynagas LNG Partners Announces Cash Distribution for Series A Preferred Units
Jul 28, 2025

On July 24, 2025, Dynagas LNG Partners LP announced a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units for the period from May 12, 2025, to August 11, 2025. This distribution, payable on August 12, 2025, marks the fortieth consecutive cash distribution for these units, highlighting the company’s consistent financial performance and commitment to its stakeholders.

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.Date of analysis: Sep 25, 2025