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Dynagas LNG Partners
(NYSE:DLNG)
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Rating:75Outperform
Price Target:
$4.50
▲(18.42% Upside)
Action:Reiterated
Date:09/30/26
The score is led by strong valuation (very low P/E and solid dividend yield) and generally strong financial performance (high margins, improving leverage, solid cash generation). Technicals are supportive but mixed due to slightly negative MACD and only moderate momentum, and financial risks include limited revenue growth and a notable year-over-year decline in free cash flow.
Positive Factors
Contracted Revenue Visibility
Full fleet employment and a substantial multi-year charter backlog provide strong revenue visibility over the next several years. This reduces reliance on volatile spot shipping rates, supports more predictable cash generation, and gives management a clearer basis for debt repayment and distributions.
Negative Factors
Limited Revenue Growth
Broadly flat revenue indicates that strong margins have not been accompanied by meaningful top-line expansion. Without additional vessel growth, higher charter rates, or renewed contract wins, limited revenue growth may constrain future earnings expansion and leave performance dependent on maintaining current charter economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted Revenue Visibility
Full fleet employment and a substantial multi-year charter backlog provide strong revenue visibility over the next several years. This reduces reliance on volatile spot shipping rates, supports more predictable cash generation, and gives management a clearer basis for debt repayment and distributions.
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
$137.16M
Dividend Yield5.31%
Average Volume (3M)64.64K
Price to Earnings (P/E)2.0
Beta (1Y)0.08
Revenue Growth1.36%
EPS Growth25.20%
CountryUS
Employees10
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)1.86
Shares Outstanding36,382,010
10 Day Avg. Volume84,463
30 Day Avg. Volume64,640
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 Cap2.86
Enterprise Value/Revenue2.44
Enterprise Value/Gross Profit4.75
Enterprise Value/Ebitda3.33
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 revenue from its LNG carriers. Its core revenue model is based on contracting its vessels to customers under multi-year charters (typically time charters) where the customer pays an agreed daily or per...
Dynagas LNG Partners Earnings Call Summary
Earnings Call Date:Sep 10, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Nov 20, 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
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 160.60M | 156.62M | 156.40M | 160.48M | 131.66M | 137.75M |
| Gross Profit | 82.63M | 83.95M | 86.16M | 73.13M | 54.33M | 73.74M |
| EBITDA | 117.72M | 113.97M | 113.78M | 105.20M | 111.48M | 103.73M |
| Net Income | 67.75M | 61.64M | 51.59M | 35.87M | 54.01M | 53.26M |
Balance Sheet | ||||||
| Total Assets | 791.80M | 786.24M | 847.15M | 908.91M | 947.71M | 965.48M |
| Cash, Cash Equivalents and Short-Term Investments | 59.49M | 41.04M | 68.16M | 73.75M | 48.60M | 47.57M |
| Total Debt | 255.22M | 277.07M | 320.72M | 419.58M | 497.03M | 561.97M |
| Total Liabilities | 292.21M | 313.01M | 362.35M | 460.67M | 523.78M | 584.00M |
| Stockholders Equity | 499.60M | 473.05M | 484.80M | 448.14M | 423.93M | 381.48M |
Cash Flow | ||||||
| Free Cash Flow | 74.42M | 90.27M | 92.13M | 60.15M | 53.69M | 79.59M |
| Operating Cash Flow | 95.28M | 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 | -113.71M | -117.38M | -97.73M | -66.27M | -70.84M | -57.55M |
Dynagas LNG Partners Technical Analysis
Positive
3.80
Price Trends
3.72
Positive
3.67
Positive
3.75
Positive
Market Momentum
<0.01
Negative
52.92
Neutral
69.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DLNG, the sentiment is Positive. The current price of 3.8 is above the 20-day moving average (MA) of 3.73, above the 50-day MA of 3.72, and above the 200-day MA of 3.75, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.92 is Neutral, neither overbought nor oversold. The STOCH value of 69.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
85 Outperform | $3.58B | 6.05 | 27.73% | 1.94% | 19.33% | 110.30% | |
80 Outperform | $351.45M | 5.73 | 8.47% | 12.69% | -2.03% | -7.58% | |
77 Outperform | $5.74B | 7.35 | 37.04% | 10.89% | 57.66% | 225.95% | |
75 Outperform | $137.16M | 2.03 | 14.11% | 5.31% | 1.36% | 25.20% | |
75 Outperform | $1.47B | 10.89 | 11.48% | 1.17% | 8.39% | 72.16% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
49 Neutral | $224.39M | -12.16 | -6.96% | ― | -17.49% | 69.97% |
* Energy Sector Average
DLNG
Dynagas LNG Partners
3.76
0.43
12.91%
GASS
StealthGas
9.14
2.58
39.33%
TNK
Teekay Tankers
103.38
54.17
110.08%
NVGS
Navigator Holdings
23.72
8.69
57.84%
INSW
International Seaways
116.60
77.11
195.27%
SMHI
SEACOR Marine Holdings
8.69
2.50
40.39%
Dynagas LNG Partners Corporate Events
Dynagas LNG Partners Details H1 2026 Results, Charter Backlog and Recent Distributions
Sep 10, 2026
Dynagas LNG Partners has filed a Form 6-K for September 2026, providing management’s discussion and unaudited financial statements for the six months ended June 30, 2026, alongside an update on capital allocation and chartered fleet employme...
Dynagas LNG Partners Posts Strong Q2 2026 Results and Confirms EU Sanctions Exemption for Yamal LNG Charters
Sep 9, 2026
Dynagas LNG Partners LP, a Greece-based owner of LNG carriers listed on the NYSE, operates in the liquefied natural gas shipping industry, providing long-term time-charter transportation services to global LNG counterparties. Its business model em...
Dynagas LNG Partners Declares $0.05 Quarterly Cash Distribution for Q2 2026
Aug 13, 2026
On August 13, 2026, Dynagas LNG Partners LP announced that its board declared a quarterly cash distribution of $0.050 per common unit for the quarter ended June 30, 2026. The distribution will be paid on August 28, 2026 to common unitholders of re...
Dynagas LNG Partners Declares 44th Quarterly Distribution on Series A Preferred Units
Jul 23, 2026
On July 23, 2026, Dynagas LNG Partners LP announced that its board had declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units for the period from May 12, 2026 to August 11, 2026. The payout...
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.