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1. Company Snapshot

1.a. Company Description

Dynagas 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.

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1.b. Last Insights on DLNG

Dynagas LNG Partners LP's recent performance was negatively impacted by a lack of significant developments or announcements. Although the company reported a strong Q4 2024 with net income of $51.6 million and adjusted EBITDA of $115.0 million, it failed to provide any forward-looking guidance or new business initiatives. Additionally, the company's cash distribution for the quarter ended December 31, 2024, was $0.049 per unit, which may not be sufficient to attract investors. Furthermore, the company's Series A and B preferred units' cash distributions were also announced, but these did not seem to have a significant impact on the market.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Dynagas LNG Partners LP Announces Results of 2025 Annual Meeting of Limited Partners

Nov -26

Source: globenewswire.com

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Dynagas LNG Partners LP Reports Results for the Three and Nine Months Ended September 30, 2025

Nov -20

Source: globenewswire.com

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Dynagas LNG Partners LP Announces Date for the Release Of the Third Quarter and Nine Month 2025 Results

Nov -12

Source: globenewswire.com

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Dynagas LNG Partners LP Announces Cash Distribution for the Quarter Ended September 30, 2025 of $0.050 Per Common Unit

Oct -30

Source: globenewswire.com

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Dynagas LNG Partners LP Announces the Date of Its 2025 Annual Meeting of Limited Partners

Oct -29

Source: globenewswire.com

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REV Group (NYSE:REVG) versus Dynagas LNG Partners (NYSE:DLNG) Financial Analysis

Oct -26

Source: defenseworld.net

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

Oct -23

Source: globenewswire.com

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Dynagas: Another Dividend Hike Might Be Coming

Sep -23

Source: seekingalpha.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.25%)

6. Segments

Yamal

Expected Growth: 8.27%

Yamal's 8.27% growth is driven by increasing global LNG demand, strategic partnerships, and Dynagas LNG Partners LP's operational efficiency. The vessel's ice-class capabilities and access to the Yamal Peninsula's natural gas reserves also contribute to its growth. Additionally, the partnership's strong balance sheet and cost management enable it to capitalize on market opportunities.

SEFE

Expected Growth: 4.7%

Dynagas LNG Partners LP's 4.7% growth in SEFE (Shipping Earnings from Fleet Employment) is driven by increasing demand for LNG shipping, fleet expansion, and higher utilization rates. Additionally, the partnership's focus on cost management and operational efficiency has contributed to the growth. The rising global demand for LNG, particularly in Asia, has led to increased charter rates and longer charter durations, further supporting SEFE growth.

Equinor

Expected Growth: 4.83%

Equinor's 4.83% growth is driven by increasing demand for LNG, strategic partnerships, and expansion into new markets. Dynagas LNG Partners LP benefits from Equinor's strong operational performance, cost savings initiatives, and growing revenue from long-term contracts. Additionally, Equinor's focus on decarbonization and energy transition supports its growth momentum.

7. Detailed Products

LNG Transportation Services

Dynagas LNG Partners LP provides LNG transportation services through its fleet of LNG carriers, offering a reliable and efficient way to transport LNG globally.

Floating Storage and Regasification Units (FSRUs)

Dynagas LNG Partners LP offers FSRUs, which are specialized vessels that can store and regasify LNG, providing a flexible and efficient way to import LNG.

LNG Shipping and Logistics

Dynagas LNG Partners LP provides LNG shipping and logistics services, ensuring the safe and efficient transportation of LNG from production facilities to end-users.

8. Dynagas LNG Partners LP's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Dynagas LNG Partners LP is moderate, as there are limited alternatives to LNG as a fuel source, but the company's operations are exposed to competition from other energy sources.

Bargaining Power Of Customers

The bargaining power of customers is low, as Dynagas LNG Partners LP has a diverse customer base and long-term contracts, reducing the dependence on individual customers.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate, as Dynagas LNG Partners LP relies on a few major suppliers for its LNG, but has some flexibility to negotiate prices and terms.

Threat Of New Entrants

The threat of new entrants is low, as the LNG shipping industry has high barriers to entry, including significant capital requirements and regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry is high, as Dynagas LNG Partners LP operates in a competitive industry with several established players, and the company must continually adapt to changing market conditions to maintain its market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 65.19%
Debt Cost 8.91%
Equity Weight 34.81%
Equity Cost 11.30%
WACC 9.74%
Leverage 187.26%

11. Quality Control: Dynagas LNG Partners LP passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Fluxys Belgium

A-Score: 5.7/10

Value: 3.9

Growth: 3.9

Quality: 3.9

Yield: 9.4

Momentum: 8.5

Volatility: 4.3

1-Year Total Return ->

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Stock-Card
Dynagas LNG Partners

A-Score: 5.6/10

Value: 9.4

Growth: 4.7

Quality: 7.1

Yield: 5.6

Momentum: 3.0

Volatility: 4.0

1-Year Total Return ->

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Stock-Card
Aker Solutions

A-Score: 5.1/10

Value: 8.5

Growth: 6.2

Quality: 5.8

Yield: 6.9

Momentum: 0.5

Volatility: 2.7

1-Year Total Return ->

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Stock-Card
Lubelski Wegiel Bogdanka

A-Score: 5.0/10

Value: 10.0

Growth: 4.0

Quality: 2.4

Yield: 4.4

Momentum: 3.5

Volatility: 5.7

1-Year Total Return ->

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Stock-Card
Navigator Holdings

A-Score: 4.9/10

Value: 6.4

Growth: 6.4

Quality: 4.8

Yield: 1.9

Momentum: 4.0

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
Vorwerk

A-Score: 4.2/10

Value: 3.0

Growth: 3.3

Quality: 7.5

Yield: 0.6

Momentum: 10.0

Volatility: 1.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

3.76$

Current Price

3.77$

Potential

-0.00%

Expected Cash-Flows