Dynagas LNG Partners LP
DLNG-PA
New York Stock Exchange26.30
USD
-0.10
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Dynagas LNG Partners LP
DLNG-PA
(New York Stock Exchange)
Recent
price
26.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Dynagas LNG Partners LP (NYSE: DLNG) is a master limited partnership focused on owning and operating a fleet of six high-specification liquefied natural gas (LNG) carriers employed primarily on multi-year time charters with leading international energy companies; the fleet includes the Clean Energy and Ob River (each 149,700 cbm, built 2007 by Hyundai Heavy Industries), Amur River (149,700 cbm, built 2008 by Hyundai Heavy Industries), and the ice-class vessels Arctic Aurora, Yenisei River, and Lena River (each 155,000 cbm, built 2013 by Hyundai Heavy Industries, Ice Class 1A FS fully winterized for subzero and ice-bound operations); aggregate carrying capacity totals approximately 914,000 cubic meters, with vessels optimized for trading flexibility in conventional routes and harsh Arctic conditions such as Yamal LNG projects. The Partnership, founded in 2013 and headquartered in Glyfada, Athens, Greece, generates stable cash flows from these long-term contracts, which as of late 2025 provide 100% coverage of available days through 2027 and an estimated backlog of $0.88-$1.0 billion with an average remaining term of 5.4 years; all vessels are commercially managed by affiliated Dynagas Ltd. and operate globally, serving LNG producers, traders, and consumers with high utilization rates averaging 99% in recent quarters. In recent developments, the Partnership fully redeemed its Series B Preferred Units in 2025 for $56 million, yielding annual cash savings of about $5.7 million and simplifying its capital structure; it initiated a $10 million common unit repurchase program in November 2024 (with $8.4 million capacity remaining as of November 2025 and plans for renewal), repurchasing $0.5 million in units through Q3 2025; and it reported strong Q3 2025 results including $27.6 million adjusted EBITDA, $14.2 million adjusted net income, and quarterly common unit distributions of $0.049-$0.050, while maintaining a focus on debt repayment, balance sheet strength, and potential growth in LNG shipping amid rising global demand.