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.

Earnings data Q4 2020

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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.

ATHENS, Greece, Nov. 20, 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 third quarter results ended September 30, 2024, before market opens in New York on Friday, November 22, 2024.

Dynagas LNG Partners LP Announces Date for the Release of the Third Quarter 2024 Results

ATHENS, Greece, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (the “Partnership”) (NYSE: DLNG), an owner and operator of liquefied natural gas (“LNG”) carriers, today announced that its Board of Directors has declared a cash distribution of $0.69999031 per unit on its Series B Fixed to Floating Cumulative Redeemable Perpetual Preferred Units (the “Series B Preferred Units”) (NYSE: DLNG PR B) for the period from and including August 22, 2024 to and including November 21, 2024 (the “Distribution Period”).

Dynagas LNG Partners LP Declares Cash Distribution on Its Series B Preferred Units

ATHENS, Greece, Oct. 25, 2024 (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 2024 Annual Meeting of Limited Partners (the “Meeting”) to be held on November 29, 2024 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 21, 2024 (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 2024 Annual Meeting of Limited Partners

ATHENS, Greece, Oct. 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 August 12, 2024 to November 11, 2024.

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

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UPI index declined by 0.89% last week, while the S&P 500 gained 1.11%, highlighting a challenging period for LNG shipping stocks. Despite the lack of significant news, long-term contracts averaging $84,000 per day remain a strong point for UPI companies compared to spot rates. Excelerate Energy led gains with a 2.1% rise, while New Fortress Energy saw the largest decline at 7.2%, indicating mixed performance among constituents.

LNG Shipping Stocks: Cautiously Optimistic For Growth Ahead

News for fleet renewal, share buyback program or contract extensions would spark investors' interest in common shares. Preferred units offer high yields (Series A: 8.75%, Series B: 10.98%) with secure dividend payments backed by Dynagas' strong backlog and consistent free cash flow. Key risks include an aging fleet and potential sanctions on Russian entities, but current operations remain unaffected.

Dynagas LNG: Speculative LNG Idea With A Robust Balance Sheet And Impressive Backlog; Rating Unchanged

Dynagas LNG has significantly reduced its debt, improving its leverage ratio from 6.6x in 2018 to 2.9x by mid-2024. The company's deleveraging strategy and lower future debt repayments enhance its flexibility, making a dividend resumption more likely. Management's recent moves, including refinancing and removing restrictive covenants, indicate a potential shift towards returning capital to shareholders.

Dynagas LNG: Dividend Comeback May Unlock Double-Digit Yield Potential

Dynagas LNG Partners LP Common Units (NYSE:DLNG ) Q2 2024 Earnings Conference Call September 10, 2024 5:00 PM ET Company Participants Tony Lauritzen - CEO Michael Gregos - CFO Conference Call Participants Operator Thank you for standing by. Ladies and gentlemen, welcome to the Dynagas LNG Partners Conference Call on the Second Quarter 2024 Financial Results.

Dynagas LNG Partners LP Common Units (DLNG) Q2 2024 Earnings Call Transcript

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UPI experienced a 2.30% decline, closing at 160.97 points, while the S&P 500 remained stable. Global market downturn influenced by Japan's sharp decline, with some stocks like Capital Product Partners and Golar LNG showing resilience. New Fortress Energy suffered the most, but mostly due to internal challenges.

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ATHENS, Greece, July 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 May 12, 2024 to August 11, 2024.

Dynagas LNG Partners LP Declares Cash Distribution on its Series A Preferred Units

UPI declined by 0.63% to 165.53 points, with New Fortress Energy leading gainers at over 20% due to FLNG Altamira LNG project launch. UPI and S&P 500 both dropped last week, with low trading volumes and increased market volatility during the holiday season. Most decliners in LNG shipping were from Asia, with Korea Line Corporation losing 7.6% and Japanese shippers declining to support lines.

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Dynagas LNG Partners LP Common Units (DLNG) Q1 2024 Earnings Call Transcript

ATHENS, June 27, 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 ended March 31, 2024.

Dynagas LNG Partners LP Reports Results For the Three Months Ended March 31, 2024

UP World LNG Shipping Index gained 1.17% last week, led by FLEX LNG and Golar LNG. UPI outperformed the S&P 500, indicating positive momentum for LNG shipping stocks. The summer season is approaching, potential rise in gas consumption in Asia, investors are advised to consider LNG sector opportunities.

LNG Shipping Stocks: Summer Season Is Near

ATHENS, Greece, June 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 first quarter ended March 31, 2024 after market closes in New York on Thursday, June 27, 2024.

Dynagas LNG Partners LP Announces Date for the Release of the First Quarter 2024 Results, Conference Call and Webcast

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Here is how Dynagas LNG (DLNG) and Matson (MATX) have performed compared to their sector so far this year.

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The UP World LNG Shipping Index (UPI) lost 1.24% last week, while the S&P 500 index gained 0.55%.

LNG Shipping Stocks: Preparation For A Bullish Move

ATHENS, Greece, April 26, 2024 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (the “Partnership”) (NYSE: DLNG), an owner and operator of liquefied natural gas (“LNG”) carriers, announced today that it has filed its Annual Report on Form 20-F for the year ended December 31, 2023 (the “Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”).

Dynagas LNG Partners LP Announces Filing of Form 20-F With the SEC

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Dynagas LNG Partners has not paid a dividend on its common shares since 2019, making the preferred shares more attractive. The company's financial results show robust cash flow, which is good news for preferred shareholders.

Dynagas LNG Partners: The Floating Rate Preferred Shares Currently Yield About 11%

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

News for Dynagas LNG Partners LP Stock (DLNG)