Dynagas LNG Partners LP (DLNG) vs New Fortress Energy LLC (NFE)

Dynagas LNG Partners LP and New Fortress Energy LLC are both Oil & Gas Midstream companies. Dynagas LNG Partners LP is the larger, with a market value of $124.4M against $23.9M — 5.2× the size. New Fortress Energy LLC has negative trailing earnings, so its P/E is not meaningful; Dynagas LNG Partners LP trades at 2.0×. Dynagas LNG Partners LP grew revenue faster over the last twelve months: 0.00% against −37.2%. Dynagas LNG Partners LP has the higher net margin (34.5% vs −149.4%) and the higher return on invested capital (0.00% vs −8.62%). Only Dynagas LNG Partners LP pays a dividend (6.06%). Across the 19 metrics below, Dynagas LNG Partners LP leads on 15 and New Fortress Energy LLC on 4.

Valuation

Metric DLNG NFE Oil & Gas Midstream median
P/E 1.98 n/m 12.77
P/S 0.76 0.02 2.36
P/B 0.28 n/m 2.09
Price to free cash flow 1.26 n/m 9.71
EV/EBITDA 3.46 n/m 8.30
EV/Sales 2.35 6.62 3.88
Earnings yield 50.45% (8,006.86%) 7.15%
Free cash flow yield 79.14% (3,199.08%) 6.86%

Profitability

Metric DLNG NFE Oil & Gas Midstream median
Gross margin 72.43% 34.01% 56.58%
Operating margin 46.55% (86.31%) 34.18%
Net margin 34.46% (149.43%) 22.50%
Free cash flow margin 0.00% (59.85%) 13.70%
Return on equity 0.00% (411.72%) 14.65%
Return on assets 0.00% (16.69%) 5.00%
Return on invested capital 0.00% (8.62%) 6.13%

Growth

Metric DLNG NFE Oil & Gas Midstream median
Revenue growth (TTM) 0.00% (37.18%) 15.60%
EPS growth (last fiscal year) 31.43% (426.28%) (7.86%)
Revenue growth, 5-year CAGR 2.69% 27.20% 9.59%
Net income growth, 5-year CAGR 17.54% 0.00% 0.00%

Health

Metric DLNG NFE Oil & Gas Midstream median
Debt to equity 0.09 (20.48) 0.78
Current ratio 0.88 0.16 1.19
Net debt to EBITDA 0.02 (34.61) 3.42

Dividend

Metric DLNG NFE Oil & Gas Midstream median
Dividend yield 6.06% 0.00% 4.54%
Payout ratio 0.12 — 0.76

Size

Metric DLNG NFE Oil & Gas Midstream median
Market cap 124.42m 23.88m 3.73b

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