Dynagas LNG Partners

DLNG

Market cap $134M

Dynagas LNG continues to present a compelling deleveraging story with incremental upside potential. DLNG's fleet remains fully contracted, supporting stable cash flows and ongoing debt reduction. Despite a minor decline in the share price since my last update, the balance sheet has improved, boosting value for common unitholders.

ATHENS, Greece, May 29, 2026 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: DLNG) (the “Partnership”), an owner of liquefied natural gas (“LNG”) carriers, today announced its results for the three months ended March 31, 2026. Quarter Highlights: Net Income and Earnings per common unit (basic and diluted) of $17.4 million and $0.43, respectively; Adjusted Net Income(1) of $12.4 million and Adjusted Earnings per common unit(1) (basic and diluted) of $0.29; Adjusted EBITDA(1) of $24.3 million; 95.1% fleet utilization( 2); Declared and paid a cash distribution of $0.5625 per unit on the Partnership's Series A Preferred Units (NYSE: DLNG PR A) for the period from November 12, 2025 to February 11, 2026; and Declared a quarterly cash distribution of $0.050 per common unit for the quarter ended December 31, 2025, which was paid on February 27, 2026, to all common unitholders of record as of February 23, 2026.

ATHENS, Greece, May 22, 2026 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“Dynagas Partners” or the “Partnership”), an owner of LNG carriers, today announced that it will release its financial results for the first quarter ended March 31, 2026, before market opens in New York on Friday, May 29, 2026.

ATHENS, Greece, May 08, 2026 (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 quarterly cash distribution with respect to the quarter ended March 31, 2026 of $0.050 per common unit. The cash distribution is payable on May 22, 2026 to all common unit holders of record as of May 18, 2026.

The war with Iran has boosted prices of globally traded natural gas by throttling exports from the Gulf. In ​West Texas, gas is so abundant that some producers must pay to have it taken away.

Dynagas LNG Partners remains an attractive, niche LNG shipping play with robust contracted cash flows and a disciplined deleveraging strategy. Recent Q4 results confirm ongoing debt reduction, falling interest costs, and high fleet utilization, supporting predictable cash generation and capital returns. DLNG trades at a record low forward EV/EBITDA of 4.8 and a deep discount to book value, offering strong upside potential as deleveraging accelerates.

The UP World LNG Shipping Index (UPI) declined 2.15% in Week 17–2026, consolidating after a strong Q1, not signaling a bear market. Geopolitical disruptions, especially the Strait of Hormuz closure, are elongating shipping routes and supporting spot LNG tanker rates. Asian LNG demand is rising, with arbitrage favoring Asia over Europe; a potential Chinese return to the spot market could further boost demand.

ATHENS, Greece, April 23, 2026 (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 its Series A Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (NYSE: DLNG PR A) for the period from February 12, 2026 to May 11, 2026.

Dynagas LNG Partners trades at distressed valuations due to Russian exposure and fleet age, yet cash flows remain robust and underappreciated. DLNG's disciplined deleveraging—$55M in preferred redemptions and $45M in debt reduction—positions common shareholders to benefit as interest costs decline. Even assuming no fleet renewal, conservative liquidation and cash flow projections imply a 17-18% IRR over five years, with a $120M scrap value floor.

ATHENS, Greece, April 09, 2026 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE:DLNG) (the “Partnership”), an owner and operator of liquefied natural gas (“LNG”) carriers, announced today that it has filed its Annual Report on Form 20-F for the year ended December 31, 2025 (the “Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report is available through the Partnership's website.