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 $129.5M against $36.9M — 3.5× the size. New Fortress Energy LLC has negative trailing earnings, so its P/E is not meaningful; Dynagas LNG Partners LP trades at 2.1×. 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%). Across the 18 metrics below, Dynagas LNG Partners LP leads on 14 and New Fortress Energy LLC on 4.

Valuation

Metric DLNG NFE Oil & Gas Midstream median
P/E 2.14 n/m 13.19
P/S 0.82 0.03 2.60
P/B 0.30 n/m 2.08
Price to free cash flow 1.36 n/m 10.14
EV/EBITDA 3.54 n/m 8.11
EV/Sales 2.41 6.63 3.89
Earnings yield 46.77% (4,980.31%) 6.83%
Free cash flow yield 73.36% (1,987.45%) 6.94%

Profitability

Metric DLNG NFE Oil & Gas Midstream median
Gross margin 72.43% 34.01% 58.81%
Operating margin 46.55% (86.31%) 32.14%
Net margin 34.46% (149.43%) 21.16%
Free cash flow margin 0.00% (59.85%) 10.15%
Return on equity 0.00% (411.72%) 11.30%
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%) 15.44%
EPS growth (last fiscal year) 31.43% (488.14%) —
Revenue growth, 5-year CAGR 2.69% 27.20% 8.96%
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 — 8.30% 7.29%
Payout ratio — 1.80 0.64

Size

Metric DLNG NFE Oil & Gas Midstream median
Market cap 129.52m 36.90m 3.61b

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