Dynagas LNG Partners LP (DLNG) Income Statement Analysis

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Complete financial analysis of Dynagas LNG Partners LP (DLNG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Dynagas LNG Partners LP, a leading company in the Oil & Gas Midstream industry within the Energy sector.

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Dynagas LNG Partners LP (DLNG)

Industry: Oil & Gas Midstream

Sector: Energy

Website: https://www.dynagaspartners.com

About Dynagas LNG Partners LP

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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	160.48M	131.66M	137.75M	137.17M	130.90M	127.14M	138.99M	169.85M	145.20M	107.09M	85.68M	77.50M	52.55M
Cost of Revenue	87.35M	77.33M	64.01M	63.62M	61.74M	65.60M	67.20M	59.89M	50.44M	36.91M	27.17M	34.92M	26.28M
Gross Profit	73.13M	54.33M	73.74M	73.54M	69.16M	61.54M	71.79M	109.96M	94.77M	70.18M	58.51M	42.58M	26.27M
Gross Profit Ratio	45.57%	41.26%	53.53%	53.62%	52.83%	48.40%	51.65%	64.74%	65.27%	65.53%	68.28%	54.95%	49.98%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	8.42M	8.99M	9.13M	9.28M	9.25M	8.56M	7.85M	7.88M	6.68M	5.52M	3.12M	2.92M	2.58M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	8.42M	8.99M	9.13M	9.28M	9.25M	8.56M	7.85M	7.88M	6.68M	5.52M	3.12M	2.92M	2.58M
Other Expenses	0.00	28.00K	-35.00K	-227.00K	-43.00K	69.00K	-527.00K	-234.00K	-103.00K	201.00K	-29.00K	-60.00K	-65.00K
Operating Expenses	8.42M	8.99M	9.13M	9.28M	9.25M	8.56M	7.85M	7.88M	6.68M	5.52M	3.12M	2.92M	2.58M
Cost & Expenses	95.77M	86.32M	73.14M	72.90M	70.99M	74.15M	75.05M	67.77M	57.11M	42.43M	30.30M	37.83M	28.87M
Interest Income	2.59M	829.00K	10.94M	221.00K	2.33M	1.05M	203.00K	0.00	35.00K	221.00K	0.00	1.00K	4.00K
Interest Expense	39.21M	27.91M	18.76M	26.84M	56.26M	49.44M	46.08M	34.99M	27.94M	14.30M	9.73M	8.55M	3.79M
Depreciation & Amortization	32.16M	32.02M	32.21M	32.01M	30.86M	35.67M	37.57M	37.66M	24.39M	17.82M	13.58M	13.62M	13.58M
EBITDA	107.24M	113.94M	106.89M	96.06M	85.57M	89.77M	101.19M	139.51M	112.48M	82.49M	68.96M	52.86M	36.35M
EBITDA Ratio	66.83%	31.46%	62.59%	69.87%	69.18%	65.59%	67.44%	77.86%	77.39%	77.21%	80.45%	67.36%	70.45%
Operating Income	64.71M	9.61M	64.61M	64.26M	59.92M	52.98M	63.94M	102.08M	88.09M	64.66M	55.38M	39.67M	23.68M
Operating Income Ratio	40.32%	7.30%	46.91%	46.85%	45.77%	41.67%	46.01%	60.10%	60.67%	60.38%	64.64%	51.18%	45.07%
Total Other Income/Expenses	-28.84M	8.67M	-11.35M	-30.21M	-56.30M	-49.37M	-46.61M	-35.23M	-28.04M	-14.10M	-9.76M	-9.83M	-4.86M
Income Before Tax	35.87M	54.01M	53.26M	34.05M	3.61M	3.61M	17.34M	66.85M	60.05M	50.56M	45.62M	29.84M	18.82M
Income Before Tax Ratio	22.35%	41.02%	38.67%	24.83%	2.76%	2.84%	12.47%	39.36%	41.36%	47.21%	53.25%	38.50%	35.82%
Income Tax Expense	0.00	-8.67M	11.32M	22.85M	56.22M	-2.49M	45.55M	34.76M	27.84M	14.50M	9.70M	8.49M	3.73M
Net Income	35.87M	42.41M	41.66M	11.21M	-52.60M	3.61M	17.34M	66.85M	60.05M	50.56M	45.62M	29.84M	18.82M
Net Income Ratio	22.35%	32.21%	30.24%	8.17%	-40.19%	2.84%	12.47%	39.36%	41.36%	47.21%	53.25%	38.50%	35.82%
EPS	0.66	1.15	1.14	0.32	-1.48	0.10	0.27	1.69	1.60	1.58	2.95	0.99	0.63
EPS Diluted	0.66	1.15	1.14	0.32	-1.48	0.10	0.27	1.69	1.60	1.58	2.95	0.99	0.63
Weighted Avg Shares Out	36.80M	36.80M	36.50M	35.55M	35.49M	35.49M	34.55M	20.51M	20.51M	32.95M	7.73M	29.97M	29.97M
Weighted Avg Shares Out (Dil)	36.80M	36.80M	36.50M	35.55M	35.49M	35.49M	34.55M	20.51M	20.51M	32.95M	7.73M	29.97M	29.97M

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

September 11, 2023globenewswire.com

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...

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

August 10, 2023seekingalpha.com

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...

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

August 1, 2023globenewswire.com

ATHENS, Greece, Aug. 01, 2023 (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 $0.546875 per unit on...

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

July 24, 2023globenewswire.com

ATHENS, Greece, July 24, 2023 (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...

Will Dynagas's Common Unitholders Ever Get Paid?

July 21, 2023seekingalpha.com

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...

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

June 12, 2023globenewswire.com

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...

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

May 9, 2023seekingalpha.com

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 LP (DLNG) Q4 2022 Earnings Call Transcript

March 17, 2023seekingalpha.com

Dynagas LNG Partners LP (NYSE:DLNG ) Q4 2022 Earnings Conference Call March 17, 2023 10:00 AM ET Company Participants Tony Lauritzen - Chief Executive Officer Michael Gregos - Chief Financial Officer Conference Call Participants Ben Nolan - Stifel Operator Thank...

Dynagas LNG Partners Announces Date For the Release of the Fourth Quarter 2022 Results, Conference Call and Webcast

March 10, 2023globenewswire.com

ATHENS, Greece, March 10, 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 fourth quarter ended...