Dynagas LNG Partners LP (DLNG) vs KNOT Offshore Partners LP (KNOP)

Dynagas LNG Partners LP and KNOT Offshore Partners LP are both Oil & Gas Midstream companies. KNOT Offshore Partners LP is the larger, with a market value of $369.4M against $129.5M — 2.9× the size. Dynagas LNG Partners LP trades at the lower P/E: 2.1× against 24.1×. KNOT Offshore Partners LP grew revenue faster over the last twelve months: 12.9% against 0.00%. Dynagas LNG Partners LP has the higher net margin (34.5% vs 2.04%) and the lower return on invested capital (0.00% vs 3.03%). Across the 22 metrics below, Dynagas LNG Partners LP leads on 15 and KNOT Offshore Partners LP on 7.

Valuation

Metric DLNG KNOP Oil & Gas Midstream median
P/E 2.14 24.11 13.19
P/S 0.82 0.96 2.60
P/B 0.30 0.68 2.08
Price to free cash flow 1.36 2.38 10.14
EV/EBITDA 3.54 5.65 8.11
EV/Sales 2.41 3.07 3.89
Earnings yield 46.77% 4.15% 6.83%
Free cash flow yield 73.36% 41.94% 6.94%

Profitability

Metric DLNG KNOP Oil & Gas Midstream median
Gross margin 72.43% 63.67% 58.81%
Operating margin 46.55% 18.13% 32.14%
Net margin 34.46% 2.04% 21.16%
Free cash flow margin 0.00% 40.24% 10.15%
Return on equity 0.00% 1.46% 11.30%
Return on assets 0.00% 0.48% 5.00%
Return on invested capital 0.00% 3.03% 6.13%

Growth

Metric DLNG KNOP Oil & Gas Midstream median
Revenue growth (TTM) 0.00% 12.85% 15.44%
EPS growth (last fiscal year) 31.43% 68.29% —
Revenue growth, 5-year CAGR 2.69% 5.47% 8.96%
Net income growth, 5-year CAGR 17.54% (22.27%) 0.00%

Health

Metric DLNG KNOP Oil & Gas Midstream median
Debt to equity 0.09 1.45 0.78
Current ratio 0.88 0.34 1.19
Net debt to EBITDA 0.02 4.37 3.42

Dividend

Metric DLNG KNOP Oil & Gas Midstream median
Dividend yield — 1.81% 7.29%
Payout ratio — — 0.64

Size

Metric DLNG KNOP Oil & Gas Midstream median
Market cap 129.52m 369.37m 3.61b

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