Dynagas LNG Partners LP

Dynagas LNG Partners LP engages in the provision of seaborne transportation services. It owns and operates liquefied natural gas carriers, which are employed to energy companies under multi-year charters. The company was founded on May 30, 2013 and is headquartered in Monaco.

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Earnings data Q4 2024

Dynagas LNG Partners LP posts robust earnings, navigates geopolitical risks

Dynagas LNG Partners LP delivered strong financial results in Q4 2022 and full-year 2022, supported by robust net income and adjusted EBITDA figures.
The partnership's focus on long-term charters, debt reduction, and operational efficiency positions it well for sustained growth and value creation.
While facing challenges such as geopolitical risks and refinancing complexities, Dynagas LNG Partners LP has opportunities to drive growth through strategic initiatives and market dynamics.
Overall, Dynagas LNG Partners LP's performance highlights operational strength, revenue stability, and a proactive approach towards enhancing shareholder value.

Dynagas LNG Partners reports stable earnings, eyes LNG market growth

Dynagas LNG Partners reported solid financial performance in Q1 2023, with a focus on debt reduction and increasing equity value. Despite challenges in net income and cash balance reduction, the company remains committed to deleveraging and capitalizing on LNG shipping rate opportunities.

Dynagas LNG Partners reports robust Q2 earnings and debt reduction progress

Dynagas LNG Partners delivered a strong Q2 performance with increased net income and revenue backlog, supported by high fleet utilization.
Despite debt challenges, successful debt reduction efforts and a focus on maintaining dividends highlight financial stability and shareholder value.
Opportunities for fleet expansion, refinancing, and strategic partnerships present avenues for future growth and operational enhancement.

Dynagas LNG Partners reports Q3 earnings growth amidst debt challenges

Dynagas LNG Partners demonstrated solid financial performance in Q3 2023 with increased revenues and a focus on debt reduction strategies.
The partnership's strengths lie in its contracted backlog, fleet composition, and positive industry outlook, positioning it for long-term growth.
Challenges in managing net income fluctuations and debt refinancing complexities require strategic navigation, while opportunities exist in market improvements and long-term charter agreements.

Dynagas LNG Partners reports robust earnings, poised for growth

Dynagas LNG Partners delivered strong financial results in Q4 2023 and full year 2023, supported by a robust commercial strategy and healthy balance sheet.
The company's focus on debt reduction and securing long-term charters has enhanced its financial stability and increased shareholder value.
While facing challenges such as fleet age and market volatility, Dynagas LNG Partners is well-positioned to capitalize on growth opportunities in the LNG shipping industry.
With a solid contracted backlog and strategic initiatives in place, Dynagas LNG Partners is poised for continued success and value creation for investors.

Dynagas LNG Reports Strong Q1 2024 Financial Performance

Dynagas LNG Partners LP showcased a robust financial performance in Q1 2024, marked by a strong earnings report and significant debt reduction. The company's strategic management of its fleet and financial obligations positions it favorably in the LNG transportation sector, with no contractual vessel availability concerns until 2028 and a healthier net debt-to-EBITDA ratio of 3.3x.

Dynagas LNG Partners reports robust Q2 earnings and growth prospects

Dynagas LNG Partners delivered a strong financial performance in Q2 2024, with notable achievements in revenue generation, debt reduction, and fleet utilization.
The company's strategic focus on securing new financing, maintaining operational efficiency, and improving liquidity positions it well for future growth and value creation.
While challenges such as market volatility and debt management persist, Dynagas LNG Partners has opportunities to leverage its strengths and industry dynamics for sustained success.

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Dynagas LNG Partners LP engages in the business of owning, operating, and acquiring LNG carriers and other business activities incidental thereto. The firm also focuses on capital allocation on debt repayment, prioritizing balance sheet strength, and reposition of partnership for potential future growth if the cost of capital allows to access debt and equity capital on acceptable terms. The company was founded on May 30, 2013 and is headquartered in Athens, Greece.

Dynagas (DLNG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Dynagas (DLNG) a New Buy Stock

Dynagas LNG Partners LP (DLNG) Q4 2023 Earnings Call Transcript

ATHENS, Greece, March 28, 2024 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“the “Partnership”), an owner and operator of liquefied natural gas (“LNG”) carriers, today announced its results for the three months and year ended December 31, 2023.

Dynagas LNG Partners LP Reports Results for the Three Months and Year Ended December 31, 2023

ATHENS, Greece, March 21, 2024 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“Dynagas Partners” or the “Partnership”), an owner and operator of LNG carriers, today announced that it will release its financial results for the fourth quarter ended December 31, 2023, before market opens in New York on Thursday, March 28, 2024.

Dynagas LNG Partners LP Announces Date for the Release of the Fourth Quarter 2023 Results, Conference Call and Webcast

Dynagas LNG has three ships equipped with steam turbines, and the other three fitted with TFDE (triple fuel diesel-electric) propulsion. Five of the company's ships are ice class. The company has a $1.16 billion backlog. The average time charter duration is 7.2 years. DLNG has significantly reduced its debts over the last five years. The total debt/equity dropped from 218% in 2018 to 97.8% in 2024.

Dynagas LNG: Impressive Backlog And Attractive Yields On Preferred Units

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ATHENS, Greece, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (the “Partnership”) (NYSE: “DLNG”), an owner and operator of LNG carriers, today announced that its Board of Directors has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (NYSE: DLNG PR A) for the period from November 12, 2023 to February 11, 2024.

Dynagas LNG Partners LP Declares Cash Distribution on Its Series A Preferred units

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The LNG shipping sector represented by the UP World LNG Shipping Index (UPI) gained 4.20% in Q4 2023, compared to the S&P 500 index's gain of 11.24%.

Another Great Quarter And Year For LNG Shippers

Dynagas LNG Partners has frustrated common unitholders by not paying dividends on its common units. The partnership's operating and financial performance remains strong, but all incoming cash is used to reduce debt, leaving common unitholders frustrated. The preferred shares of Dynagas offer a fixed 9% preferred dividend and currently yield 9.4% making them increasingly attractive to income investors.

Dynagas LNG Partners: Parking Cash In The 9.4% Preferred Shares

Dynagas LNG Partners LP (NYSE:DLNG ) Q3 2023 Earnings Call Transcript December 8, 2023 10:00 AM ET Company Participants Tony Lauritzen - CEO Michael Gregos - CFO Conference Call Participants Ben Nolan - Stifel Operator Thank you for standing by ladies and gentlemen, and welcome to Dynagas LNG Partners Conference Call on the third quarter 2023 financial results. We have with us Mr.

Dynagas LNG Partners LP (DLNG) Q3 2023 Earnings Call Transcript

ATHENS, Greece, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“the “Partnership”), an owner and operator of liquefied natural gas (“LNG”) carriers, today announced its results for the three and nine months ended September 30, 2023.

Dynagas LNG Partners LP Reports Results For the Three and Nine Months Ended September 30, 2023

ATHENS, Greece, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“Dynagas Partners” or the “Partnership”), an owner and operator of LNG carriers, today announced that it will release its financial results for the third quarter ended September 30, 2023, after market closes in New York on Thursday, December 7, 2023.

Dynagas LNG Partners LP Announces Date for the Release of the Third Quarter 2023 Results, Conference Call and Webcast

ATHENS, Greece, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (the “Partnership”) (NYSE: “DLNG”), an owner and operator of liquefied natural gas carriers, conducted its Annual Meeting of Limited Partners on November 30, 2023, in Athens, Greece. The following resolutions were approved:

Dynagas LNG Partners LP Announces Results of 2023 Annual Meeting of Limited Partners

The LNG shipping sector strengthened in Q3, gaining 1.74% while the S&P 500 index lost 2.52%. UPI outperformed SPX with bigger gains and lower volatility. Japan's "K" line had double-digit returns in both Q2 and Q3, while Excelerate Energy experienced a decline.

The Third Quarter Showed The Hidden Power Of LNG Shippers

ATHENS, Greece, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE:“DLNG”) (the “Partnership”), an owner and operator of liquefied natural gas carriers, announced today that its Board of Directors (the “Board”) has scheduled the Partnership's 2023 Annual Meeting of Limited Partners (the “Meeting”) to be held on November 30, 2023 at 4:00 p.m., local time, at 97 Poseidonos Avenue and 2 Foivis Street, 166-74 Glyfada, Athens, Greece. The Board has fixed a record date of October 20, 2023 (the “Record Date”) for the determination of the Limited Partners entitled to receive notice of and to vote at the Meeting or any adjournment thereof.

Dynagas LNG Partners LP Announces the Date of Its 2023 Annual Meeting of Limited Partners

Dynagas LNG Partners LP (NYSE:DLNG ) Q2 2023 Earnings Conference Call September 15, 2023 10:00 AM ET Company Participants Tony Lauritzen - Chief Executive Officer Michael Gregos - Chief Financial Officer Conference Call Participants Benjamin Nolan - Stifel Operator Thank you for standing by, ladies and gentlemen, and welcome to Dynagas LNG Partners Conference Call on the Second Quarter of 2023 Financial Results. We have with us today, Mr.

Dynagas LNG Partners LP (DLNG) Q2 2023 Earnings Call Transcript

ATHENS, Greece, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“the “Partnership”), an owner and operator of liquefied natural gas (“LNG”) carriers, today announced its results for the three and six months ended June 30, 2023.

Dynagas LNG Partners LP Reports Results For the Three and Six Months Ended June 30, 2023

ATHENS, Greece, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“Dynagas Partners” or the “Partnership”), an owner and operator of LNG carriers, today announced that it will release its financial results for the second quarter and six months ended June 30, 2023, after market closes in New York on Thursday, September 14, 2023.

Dynagas LNG Partners LP Announces Date for the Release of the Second Quarter 2023 Results, Conference Call and Webcast

A cyclical trading pattern exists in the Series A Preferred units of Dynagas that allows investors to realize over 30% annual returns. Investors have an opportunity to sell their yield-producing assets for a premium before each ex-dividend date. Buying and selling criteria is provided to ensure a high-risk versus reward trade-off.

Trading 9% Yield For 30% Annual Return With Dynagas LNG Partners Preferred Units

Distributions for the Dynagas common units have been suspended since 2019 due to covenants with the partnership's lenders. The partnership has diligently worked to secure long-term contacts and to pay down the $675 million credit facility that restricts distributions to common unitholders. I will evaluate the ability to reinstate the distribution to the common unitholders. This will be weighed against the opportunity to purchase new vessels and grow the partnership.

Will Dynagas's Common Unitholders Ever Get Paid?

Dynagas LNG Partners LP (NYSE:DLNG ) Q1 2023 Earnings Conference Call June 21, 2023 10:00 AM ET Company Participants Tony Lauritzen - Chief Executive Officer Michael Gregos - Chief Financial Officer Conference Call Participants Operator Thank you for standing by. Ladies and gentlemen, and welcome to the Dynagas LNG Partners Conference Call on the First Quarter 2023 Financial Results.

Dynagas LNG Partners LP (DLNG) Q1 2023 Earnings Call Transcript

ATHENS, Greece, June 20, 2023 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (the “Partnership”), an owner and operator of liquefied natural gas (“LNG”) carriers, today announced its results for the three months ended March 31, 2023.

Dynagas LNG Partners LP Reports Results For the Three Months Ended March 31, 2023

ATHENS, Greece, June 12, 2023 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“Dynagas Partners” or the “Partnership”), an owner and operator of LNG carriers, today announced that it will release its financial results for the first quarter ended March 31, 2023, after market closes in New York on Tuesday, June 20, 2023.

Dynagas LNG Partners LP Announces Date for the Release of the First Quarter 2023 Results, Conference Call and Webcast

Dynagas LNG Partners owns six LNG vessels, chartered to three different counterparties. Although two of the vessels have been chartered to a Russia-focused LNG operation, the partnership is not subject to sanctions.

Dynagas LNG Partners: I'm Sticking With The Almost 10% Yielding Preferred Shares

ATHENS, Greece, April 24, 2023 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (the “Partnership”) (NYSE: DLNG), an owner and operator of liquefied natural gas (“LNG”) carriers, today announced that on April 21, 2023, it filed its Annual Report on Form 20-F for the year ended December 31, 2022 (the “Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”).

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