Dynagas LNG Partners LP (DLNG)
NYSE:DLNG
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Dynagas LNG Partners
(NYSE:DLNG)
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Rating:75Outperform
Price Target:
$4.50
â–²(27.48% Upside)
Action:ReiteratedDate:03/15/26
The score is driven primarily by highly attractive valuation (very low P/E and strong dividend yield), supported by strong profitability and improving leverage. The main constraints are the sharp 2025 free-cash-flow drop and limited revenue growth, while technicals are only moderately positive with neutral momentum.
Positive Factors
Contracted charter backlog and duration
A multi-year contracted backlog ($0.84B) and average remaining charter life of 5.1 years provide durable revenue visibility, reducing short-term spot exposure and supporting predictable cash flows and capital planning across the 2–6 month horizon and beyond.
Negative Factors
Flat-to-declining revenue trend
Stagnant top-line across multiple years indicates limited organic growth potential in the current fleet/contract mix. With revenue not expanding, earnings gains rely more on margin improvements or non-recurring items, constraining long-term scale and the ability to materially grow distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted charter backlog and duration
A multi-year contracted backlog ($0.84B) and average remaining charter life of 5.1 years provide durable revenue visibility, reducing short-term spot exposure and supporting predictable cash flows and capital planning across the 2–6 month horizon and beyond.
Read all positive factors
Dynagas LNG Partners (DLNG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$144.80M
Dividend Yield5.08%
Average Volume (3M)43.75K
Price to Earnings (P/E)2.2
Beta (1Y)0.06
Revenue Growth4.34%
EPS Growth18.88%
CountryUS
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)0.34
Shares Outstanding36,530,945
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 Ratio0.00
Enterprise Value/Market Cap2.69
Enterprise Value/Revenue2.49
Enterprise Value/Gross Profit4.64
Enterprise Value/Ebitda3.61
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 is a publicly traded limited partnership that operates in the maritime transportation sector, specifically focusing on the transportation of liquefied natural gas (LNG). The company owns and operates a fleet of modern LNG c...
How the Company Makes Money
DLNG primarily makes money by chartering its LNG carriers to customers under time-charter contracts, where the charterer pays a contracted rate (typically a fixed daily hire) for the vessel’s availability and use over a specified period. This stru...
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 Earnings Call Summary
Earnings Call Date:Sep 10, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Jul 01, 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
78
Positive
Balance Sheet
72
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 156.62M | 156.40M | 160.48M | 131.66M | 137.75M |
| Gross Profit | 83.95M | 86.16M | 73.13M | 54.33M | 73.74M |
| EBITDA | 107.61M | 113.78M | 105.20M | 111.48M | 103.73M |
| Net Income | 61.64M | 51.59M | 35.87M | 54.01M | 53.26M |
Balance Sheet | |||||
| Total Assets | 786.24M | 847.15M | 908.91M | 947.71M | 965.48M |
| Cash, Cash Equivalents and Short-Term Investments | 41.04M | 68.16M | 73.75M | 48.60M | 47.57M |
| Total Debt | 277.07M | 320.72M | 419.58M | 497.03M | 561.97M |
| Total Liabilities | 313.01M | 362.35M | 460.67M | 523.78M | 584.00M |
| Stockholders Equity | 473.05M | 484.80M | 448.14M | 423.93M | 381.48M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 92.13M | 60.15M | 53.69M | 79.59M |
| Operating Cash Flow | 90.26M | 92.16M | 64.39M | 57.32M | 79.59M |
| Investing Cash Flow | 0.00 | -27.00K | -4.24M | -3.63M | 0.00 |
| Financing Cash Flow | -117.38M | -97.73M | -66.27M | -70.84M | -57.55M |
Dynagas LNG Partners Technical Analysis
Neutral
3.53
Price Trends
3.94
Positive
3.80
Positive
3.65
Positive
Market Momentum
0.05
Positive
47.07
Neutral
55.56
Neutral
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 4.09, below the 50-day MA of 3.94, and below the 200-day MA of 3.65, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 47.07 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.03B | 5.64 | 9.58% | 21.81% | -27.22% | -34.27% | |
75 Outperform | $144.80M | 2.24 | 13.16% | 5.08% | 4.34% | 18.88% | |
74 Outperform | $1.44B | 5.49 | 11.41% | 13.08% | -27.21% | -62.22% | |
68 Neutral | $1.28B | 11.65 | 8.19% | 1.27% | 2.46% | 33.89% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $5.55B | 57.40 | 3.45% | 2.68% | 19.15% | 329.74% | |
57 Neutral | $1.61B | 15.66 | 9.96% | 12.31% | -3.20% | 6.76% |
* Energy Sector Average
DLNG
Dynagas LNG Partners
3.96
0.30
8.23%
GLNG
Golar LNG
53.09
14.78
38.59%
TK
Teekay
12.01
6.17
105.72%
NVGS
Navigator Holdings
19.57
6.37
48.27%
LPG
Dorian LPG
33.76
13.21
64.32%
FLNG
FLEX LNG
30.26
9.98
49.23%
Dynagas LNG Partners Corporate Events
Dynagas LNG Partners Posts Strong 2025 Results and Extends $10 Million Buyback
Mar 13, 2026
Dynagas LNG Partners reported strong financial and operational performance for the fourth quarter and full year ended Dec. 31, 2025, posting annual net income of $61.6 million, adjusted EBITDA of $109.2 million and fleet utilization of 99.3%. For ...
Dynagas LNG Partners Declares Q4 2025 Cash Distribution of $0.05 per Common Unit
Feb 12, 2026
On February 11, 2026, Dynagas LNG Partners LP announced that its board had declared a quarterly cash distribution of $0.050 per common unit for the quarter ended December 31, 2025. The payout is scheduled for February 27, 2026 to unitholders of re...
Dynagas LNG Partners Declares 42nd Consecutive Cash Distribution on Series A Preferred Units
Jan 23, 2026
On January 22, 2026, Dynagas LNG Partners LP 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 November 12, 2025 to February 11, 2026. The ...
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.