DLNG

MKT CAP:$144M

Dynagas LNG Partners LP

Market Cap

$144M

Energy·Oil & Gas Midstream· Greece·NYSE

Energy·Oil & Gas Midstream·NYSE

Stock Price

$3.94+$0.22 (+5.91%)

Apr 24, 2026

Company Details

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...

CEO

Tony Lauritzen

IPO Date

Nov 13, 2013

Website

www.dynagaspartners.com

Key Metrics TTM

Revenue

$157M

+0.1% YoY

Net Income

$62M

EPS (Diluted)

$1.69

Free Cash Flow

$70M

Revenue / Share

$4.30

Gross Margin

53.6%

Operating Margin

48.1%

Net Margin

39.4%

FCF Margin

44.9%

P/S

0.9x

P/E

2.3x

Earnings Reports

FY 2025

Dec 30, 2025

$157M+0.1%EPS $1.69

Q4 2025

Mar 13, 2026

$40M-4.0%EPS $0.43

Q3 2025

Nov 20, 2025

$39M-0.5%EPS $0.51

Q2 2025

Sep 18, 2025

$39M+2.7%EPS $0.38

Q1 2025

May 29, 2025

$39M+2.8%EPS $0.37

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$33M	$15M	$13M
Q2 22	$33M	$15M	$12M
Q3 22	$30M	$7M	$4M
Q4 22	$35M	$19M	$16M
Q1 23	$37M	$21M	$19M
Q2 23	$38M	$20M	$18M
Q3 23	$49M	$11M	$9M
Q4 23	$37M	$20M	$18M
Q1 24	$38M	$22M	$19M
Q2 24	$38M	$21M	$19M
Q3 24	$39M	$22M	$20M
Q4 24	$42M	$22M	$19M
Q1 25	$39M	$21M	$19M
Q2 25	$39M	$21M	$19M
Q3 25	$39M	$21M	$19M
Q4 25	$40M	$21M	$19M

Valuation

Quarter	P/S	P/E
Q1 22	1.1x	2.5x
Q2 22	0.9x	2.0x
Q3 22	0.8x	1.8x
Q4 22	0.8x	2.0x
Q1 23	0.8x	2.7x
Q2 23	0.7x	2.1x
Q3 23	0.6x	2.6x
Q4 23	0.7x	3.0x
Q1 24	0.7x	2.8x
Q2 24	0.9x	4.2x
Q3 24	0.9x	2.9x
Q4 24	1.3x	3.8x
Q1 25	0.9x	2.6x
Q2 25	0.8x	2.3x
Q3 25	0.8x	2.2x
Q4 25	0.9x	2.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$25M	$25M
Q2 22	$8M	$8M
Q3 22	$11M	$10M
Q4 22	$13M	$11M
Q1 23	$14M	$14M
Q2 23	$9M	$9M
Q3 23	$22M	$20M
Q4 23	$20M	$17M
Q1 24	$12M	$12M
Q2 24	$23M	$23M
Q3 24	$26M	$26M
Q4 24	$32M	$32M
Q1 25	$18M	$18M
Q2 25	$24M	$24M
Q3 25	$28M	$28M
Q4 25	$21M	$0

Capital Expenditures

Quarter	CapEx
Q1 22	$82.0K
Q2 22	$503.0K
Q3 22	$1M
Q4 22	$2M
Q1 23	$86.0K
Q2 23	$0
Q3 23	$1M
Q4 23	$3M
Q1 24	$27.0K
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$4
Q4 25	$21M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-0.6%	+17.1%
Q2 22	-1.5%	+14.5%
Q3 22	-13.8%	+42.5%
Q4 22	-1.7%	-0.7%
Q1 23	+12.0%	-13.4%
Q2 23	+12.7%	-9.1%
Q3 23	+62.5%	+53.8%
Q4 23	+5.4%	+2.4%
Q1 24	+2.1%	+4.5%
Q2 24	-0.1%	-2.9%
Q3 24	-19.6%	-51.0%
Q4 24	+12.8%	+15.4%
Q1 25	+2.8%	+9.9%
Q2 25	+2.7%	+3.4%
Q3 25	-0.5%	+4.5%
Q4 25	-4.0%	-4.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 22	$612.0K	—
Q2 22	$841.0K	—
Q3 22	$586.0K	—
Q4 22	$748.0K	—
Q1 23	$469.0K	—
Q2 23	$523.0K	—
Q3 23	$478.0K	—
Q4 23	$562.0K	—
Q1 24	$526.0K	—
Q2 24	$588.0K	—
Q3 24	$565.0K	—
Q4 24	$464.0K	—
Q1 25	$514.0K	—
Q2 25	$457.0K	—
Q3 25	$405.0K	—
Q4 25	—	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$57M	$0	$57M
Q2 22	$50M	$14M	$65M
Q3 22	$48M	$0	$48M
Q4 22	$49M	$23M	$71M
Q1 23	$53M	$0	$53M
Q2 23	$53M	$24M	$77M
Q3 23	$65M	$0	$65M
Q4 23	$74M	$0	$74M
Q1 24	$76M	$0	$76M
Q2 24	$36M	$0	$36M
Q3 24	$52M	$0	$52M
Q4 24	$68M	$0	$68M
Q1 25	$70M	$0	$70M
Q2 25	$78M	$0	$78M
Q3 25	$35M	$0	$35M
Q4 25	$41M	$0	$41M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	37M	0.0%	+3.0%
Q2 22	37M	0.0%	+0.4%
Q3 22	37M	0.0%	0.0%
Q4 22	37M	0.0%	0.0%
Q1 23	37M	0.0%	0.0%
Q2 23	37M	0.0%	0.0%
Q3 23	37M	0.0%	0.0%
Q4 23	37M	0.0%	0.0%
Q1 24	37M	0.0%	0.0%
Q2 24	37M	-0.0%	-0.0%
Q3 24	37M	+0.1%	+0.1%
Q4 24	37M	-0.1%	-0.1%
Q1 25	37M	-0.1%	-0.2%
Q2 25	37M	-0.5%	-0.6%
Q3 25	37M	-0.1%	-0.8%
Q4 25	36M	-0.3%	-1.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	$257.8K	136
Q1 23	$274.0K	136
Q2 23	$276.9K	136
Q3 23	$357.5K	136
Q4 23	$271.7K	136
Q1 24	$279.8K	136
Q2 24	$276.6K	136
Q3 24	$287.3K	136
Q4 24	$41.7K	1K
Q1 25	$39.1K	1K
Q2 25	$38.6K	1K
Q3 25	$38.9K	1K
Q4 25	$40.0K	1K

Revenue / Employee