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Dynagas Lng Partners Lp - DLNG STOCK NEWS

Welcome to our dedicated page for Dynagas Lng Partners Lp news (Ticker: DLNG), a resource for investors and traders seeking the latest updates and insights on Dynagas Lng Partners Lp stock.

Overview

Dynagas LNG Partners LP is a limited partnership dedicated to the ownership and operation of high‐specification liquefied natural gas (LNG) carriers. Operating within the global maritime transportation and energy shipping industries, the company secures multi-year charters with international energy firms, thereby facilitating stable cash flows and robust asset utilization. With its headquarters in Athens, Greece, the Partnership leverages a specialized fleet that is designed for operational versatility and is well-equipped to handle demanding maritime conditions.

Fleet and Operational Excellence

The company’s fleet comprises a series of LNG carriers that are built to high industry standards and are optimized for a wide range of trading applications. Notably, several vessels in the fleet are recognized with the Ice Class 1A FS notation and are further winterized, enabling operations in subzero and ice-bound conditions. This design enhances the operational flexibility of the fleet, allowing Dynagas LNG Partners LP to effectively navigate challenging routes and seasonal weather patterns while supporting diverse energy supply chains.

Business Model and Revenue Generation

At the heart of its business model is the strategy of securing multi-year charters, defined as agreements lasting two years or more. This approach not only provides predictable revenue streams but also underscores the strategic partnerships formed with leading international energy companies. By focusing on long-term contractual agreements, Dynagas LNG Partners LP minimizes operational volatility and reinforces its market position within the seaborne transportation sector.

Market Position and Industry Relevance

The company is positioned within a critical segment of the global energy market, serving as an instrumental player in the transportation of LNG. Its operations support the broader energy supply chain by ensuring that LNG is delivered efficiently and reliably across international borders. In addition, the enhanced technical capabilities of its fleet, such as ice-class and winterized features, set the company apart from competitors by enabling operations in niche maritime markets that require specialized vessel standards.

Strategic Operational Features

  • High-Spec LNG Carriers: Each vessel is designed to meet strict industry standards, contributing to the overall performance and safety of marine LNG transportation.
  • Multi-Year Charter Agreements: The company's long-term contracts provide a degree of revenue stability and operational predictability, essential in the fluctuating global energy market.
  • Trading Flexibility: The fleet's versatility allows it to be employed in both conventional and specialized trading scenarios, ensuring it can adapt to various market demands.
  • Technological Edge: With features that include ice-class capability and winterization, the fleet operates efficiently even under challenging environmental conditions.

Operational and Industry Expertise

Dynagas LNG Partners LP’s strategic focus on fleet specialization underscores its commitment to addressing complex challenges within the LNG transportation industry. The company’s operational expertise is evidenced by its ability to deploy vessels equipped to handle extreme weather and demanding logistical requirements. This focus on technical excellence, coupled with long-term contractual partnerships, highlights the company’s role as a dependable component of the global energy shipping infrastructure.

Investor Considerations and Market Analysis

For investors and industry observers, Dynagas LNG Partners LP presents a business model that is deeply integrated into the maritime LNG transportation network. Its operational strategy—centered on multi-year charter agreements and advanced vessel capabilities—demonstrates an intricate balance between stability and adaptability. By maintaining a diversified fleet that can access both conventional and specialized routes, the company addresses key market demands while reinforcing its standing within a competitive global framework.

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Dynagas LNG Partners LP (DLNG) declares a cash distribution of $0.5625 per unit on its Series A Preferred Units for the period from February 12, 2024, to May 11, 2024. The distribution is payable on May 13, 2024, to preferred unit holders of record as of May 6, 2024. This marks the thirty-fifth sequential cash distribution on the Series A Preferred Units since trading on the NYSE.
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Dynagas LNG Partners LP (DLNG) reported strong financial results for the year and fourth quarter of 2023, with net income, earnings per unit, and adjusted EBITDA showing positive figures. The company declared cash distributions for its preferred units and signed a term sheet for lease financing of four LNG carriers. Despite ongoing Russian sanctions, the Partnership's operations remain unaffected, but potential impacts are uncertain.
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Dynagas LNG Partners LP (NYSE: DLNG) announced the release of its financial results for the fourth quarter of 2023 on March 28, 2024. The Company's management will host a conference call and webcast to discuss the earnings results. Participants can dial in or register online for the call.
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Dynagas LNG Partners LP (NYSE: DLNG) has declared a cash distribution of $0.71764025 per unit on its Series B Fixed to Floating Cumulative Redeemable Perpetual Preferred Units for the period from November 22, 2023, to February 21, 2024. The distribution rate for the Series B Preferred Units changed from fixed to floating, and is determined by the Credit Adjusted Three-Month CME Term SOFR plus a margin. The cash distribution is payable on February 22, 2024, to all Series B Preferred Unitholders of record as of February 14, 2024. This marks the twenty-first sequential cash distribution on the Series B Preferred Units since they began trading on the NYSE.
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Dynagas LNG Partners LP (NYSE: DLNG) has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units for the period from November 12, 2023, to February 11, 2024. The cash distribution is payable on February 12, 2024, to all preferred unit holders of record as of February 5, 2024. Distributions on the Series A Preferred Units will be payable quarterly in arrears on the 12th day of February, May, August, and November of each year, when declared by the Board of Directors. This marks the thirty-fourth sequential cash distribution on the Series A Preferred Units since they began trading on the NYSE. The Partnership currently has 3,000,000 Series A Preferred Units outstanding as of the date of this press release.
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Dynagas LNG Partners LP (NYSE: “DLNG”) reported Net Income and Earnings per common unit (basic and diluted) of $25.4 million and $0.45, respectively for the nine months ended September 30, 2023. Adjusted EBITDA was $67.0 million with 97% fleet utilization. Quarter Highlights include Net Income of $1.4 million and Loss per common unit (basic and diluted) of $0.04, with Adjusted EBITDA of $20.4 million and 99.8% fleet utilization. The company declared and paid cash distributions on its Series A and B Preferred Units and completed scheduled dry-docks for its vessels. The Arctic Aurora was delivered under a new time charter party agreement with Equinor ASA. The company's CEO emphasized the long-term charters with international gas companies and the commitment to reducing debt, with a net leverage ratio reduction from 6.6 to 4.1 since December 31, 2019. The company's main priority going forward is to refinance its debt. The CEO also highlighted the sustained demand for natural gas and the potential impact of Russian sanctions on the business, operations, and financial condition of the Partnership.
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Dynagas LNG Partners LP (NYSE: “DLNG”) will release its financial results for the third quarter ended September 30, 2023, after market closes in New York on Thursday, December 7, 2023. The next day, Friday, December 8, 2023, the Company's management will host a conference call and webcast to discuss the earnings results.
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Dynagas LNG Partners LP (DLNG) conducted its Annual Meeting of Limited Partners in Athens, Greece, on November 30, 2023. Resolutions included the election of Dimitris Anagnostopoulos as a Class III Director and the ratification of Ernst & Young as the independent auditors for the fiscal year ending December 31, 2023.
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Dynagas LNG Partners LP (NYSE: DLNG) has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units. The distribution is payable on November 13, 2023, to preferred unit holders of record as of November 6, 2023. Distributions on the Series A Preferred Units are payable quarterly on the 12th day of February, May, August, and November.
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Dynagas LNG Partners LP announces its 2023 Annual Meeting of Limited Partners
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FAQ

What is the current stock price of Dynagas Lng Partners Lp (DLNG)?

The current stock price of Dynagas Lng Partners Lp (DLNG) is $3.37 as of April 22, 2025.

What is the market cap of Dynagas Lng Partners Lp (DLNG)?

The market cap of Dynagas Lng Partners Lp (DLNG) is approximately 123.5M.

What is the core business of Dynagas LNG Partners LP?

The company focuses on owning and operating high-spec LNG carriers on multi-year charters, ensuring stable revenue through long-term agreements with international energy companies.

How does Dynagas LNG Partners LP generate revenue?

Revenue is primarily generated through multi-year charter contracts, which provide stable cash flows by leasing high-spec LNG carriers to energy companies.

What makes the company’s fleet unique?

The fleet is designed for trading flexibility, with several vessels equipped with Ice Class 1A FS notation and winterized features, allowing operations in subzero, ice-bound conditions.

How does the company support global energy markets?

By operating a versatile fleet of LNG carriers, the company facilitates efficient and reliable LNG transportation across international routes, supporting the energy supply chain.

What are multi-year charters and why are they significant for the company?

Multi-year charters are long-term lease agreements, typically lasting two years or more, which provide predictable revenue and reduce operational volatility for the company.

In what way does the company’s vessel specification offer a competitive advantage?

The high-specification design, including ice-class capabilities and winterization, enables the vessels to operate in challenging maritime environments, differentiating the company from competitors.

What industry segment does Dynagas LNG Partners LP operate in?

The company operates in the seaborne transportation and energy shipping sector, specializing in the logistics of LNG transportation on a global scale.

How does Dynagas LNG Partners LP maintain operational reliability?

Reliability is achieved through its focus on long-term contractual agreements with energy firms and the deployment of a technologically advanced, versatile fleet tailored for challenging conditions.
Dynagas Lng Partners Lp

NYSE:DLNG

DLNG Rankings

DLNG Stock Data

123.48M
17.48M
52.06%
24.38%
0.2%
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