| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2027 | ‡‡‡ |
|
| 2026 | 0.40 |
—
—
—
|
| 2025 | 0.25 |
—
—
—
—
|
| 2024 | 0.05 |
—
|
| 2023 | ‡‡‡ |
|
| 2019 | 0.13 |
—
—
|
| 2018 | 1.17 |
—
—
—
—
|
| 2017 | 2.25 |
—
—
—
—
—
|
| 2016 | 1.69 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 73.75 | 68.16 | 41.04 | 59.49 |
| Receivables | 0.71 | 2.39 | 2.35 | 0.79 |
| Inventory | 0.75 | 0.89 | 1.20 | 1.17 |
| Other | 21.71 | 2.70 | — | — |
| 105.26 | 78.16 | 49.43 | 67.03 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 15.37 | 13.88 | 12.32 | 11.61 |
| ST’ Debt | 419.58 | 43.64 | 43.71 | 43.75 |
| Other | 20.02 | 20.12 | 16.71 | 15.03 |
| 458.76 | 83.90 | 78.93 | 76.35 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 39.94 | — | — | — |
—
|
| ’25 | 39.11 | 38.61 | 38.89 | 40.01 |
156.62
|
| ’24 | 38.06 | 37.62 | 39.07 | 41.66 |
156.40
|
| ’23 | 37.26 | 37.65 | 48.61 | 36.95 |
160.48
|
| ’22 | 33.26 | 33.42 | 29.91 | 35.06 |
131.66
|
| ’21 | 33.45 | 33.93 | 34.69 | 35.68 |
137.75
|
| ’20 | 34.47 | 33.91 | 34.35 | 34.44 |
137.17
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 26.54 | 21.01 | — | — |
—
|
| ’25 | 18.07 | 24.31 | 26.49 | 21.40 |
90.27
|
| ’24 | 11.57 | 22.54 | 25.59 | 32.46 |
92.16
|
| ’23 | 13.66 | 8.78 | 21.77 | 20.19 |
64.39
|
| ’22 | 24.85 | 8.18 | 10.87 | 13.42 |
57.32
|
| ’21 | 22.94 | 15.83 | 19.83 | 21.00 |
79.59
|
| ’20 | 18.74 | 8.10 | 27.59 | 14.18 |
68.60
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 26.54 | 21.01 | — | — |
—
|
| ’25 | 18.07 | 24.31 | 26.49 | 21.40 |
90.27
|
| ’24 | 11.57 | 22.54 | 25.59 | 32.46 |
92.16
|
| ’23 | 13.66 | 8.78 | 21.77 | 20.19 |
64.39
|
| ’22 | 24.85 | 8.18 | 10.87 | 13.42 |
57.32
|
| ’21 | 22.94 | 15.83 | 19.83 | 21.00 |
79.59
|
| ’20 | 18.74 | 8.10 | 27.59 | 14.18 |
68.60
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.43 | — | — | — |
—
|
| ’25 | 0.28 | 0.23 | 0.48 | 0.38 |
1.38
|
| ’24 | 0.23 | 0.20 | 0.32 | 0.29 |
1.05
|
| ’23 | 0.18 | 0.31 | (0.04) | 0.21 |
0.66
|
| ’22 | 0.57 | 0.22 | 0.12 | 0.24 |
1.15
|
| ’21 | 0.36 | 0.17 | 0.23 | 0.38 |
1.14
|
| ’20 | 0.11 | 0.10 | 0.20 | 0.22 |
0.63
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 2.08 | 2.31 | 2.27 | 3.18 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 4.49 | 3.25 | 5.65 | 5.65 | — | — | — |
High Price
|
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Employees
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 131.66 | 160.48 | 156.40 | 156.62 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 65.42% | 65.48% | 75.65% | 74.07% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 54.01 | 35.87 | 51.59 | 61.65 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 41.02% | 22.35% | 32.99% | 39.36% | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 54.01 | 35.87 | 51.59 | 61.65 | — | — | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 34.05 | 33.83 | 38.71 | 34.84 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.58 | 4.36 | 4.25 | 4.28 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 1.15 | 0.66 | 1.05 | 1.38 | — | — | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.56 | 1.75 | 2.50 | 2.47 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.56 | 1.75 | 2.50 | 2.47 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.52 | 12.18 | 13.17 | 12.94 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 36.80 | 36.80 | 36.80 | 36.56 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.52 | 4.27 | 5.23 | 2.75 | — | — | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.81 | 0.65 | 1.28 | 0.88 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.36 | 0.32 | 0.56 | 0.34 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.22 | 5.42 | 3.17 | 2.67 | ‡‡‡‡ | ‡‡‡‡ | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.75 | 13.59 | 5.41 | 4.65 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 57.32 | 64.39 | 92.16 | 90.27 | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | — | ‡‡‡‡‡ | — | — | — | — | — | — | — | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 57.32 | 64.39 | 92.16 | 90.27 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.95 | (353.50) | (5.73) | (29.50) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 497.03 | 839.17 | 320.72 | 43.71 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 448.44 | 765.42 | 252.56 | 2.67 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 423.93 | 448.24 | 484.80 | 473.23 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.43% | 2.62% | 4.39% | 6.17% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.25% | 3.33% | 6.56% | 9.89% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.36% | 7.85% | 11.35% | 13.30% | — | — | — |
ROE
|
Dynagas LNG Partners LP (DLNG), an MLP specializing in LNG carriers, has endured a decade of volatility—from sub-$1 lows in 2020 to $18 highs in 2017—yet recent fundamentals signal resilience amid LNG market swings. Revenue has stabilized at $130-160 million annually, bolstered by long-term charters yielding gross margins above 65%, with 2024 operating cash flow surging 43% to $92.2 million and free cash flow per share at $2.50. Aggressive deleveraging slashed debt 62% to $320.7 million, boosting ROIC to 6.6% and delivering nosebleed-low valuations: PE 5.23, PS 1.28, PB 0.56—versus unanimous analyst targets implying 29% upside.
Profitability has rebounded sharply, with 2024 net income at $51.6 million (EPS $1.05) and book value per share up 48% since 2019, outpacing the stock’s meager recovery. This cash cow setup supports yields over 10%, enticing income seekers in a sector rife with cycles.
But is DLNG a bargain or a trap? Contrarians flag risks like charter rollovers into potential 2028 oversupply, aging fleet renewal needs, and geopolitics that could idle vessels—echoing past gluts. With insider silence and flat revenue forecasts, the rebound feels real but fragile: buy weakness for 40-50% upside, or trim at targets? Dive deeper for the full contrarian breakdown.
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