Dynagas LNG Partners LP
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $133.9M
- Price
- $3.68
- % Change (Daily % change from the live per-ticker quote feed.)
- -2.13%
- Volume
- 37.0K
About
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. It owns and operates liquefied natural gas (LNG) carriers. The company's fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP. The company was incorporated in 2013 and is headquartered in Athens, Greece.
Quick stats
Shares outstanding36.4M
Computed float20.8M
Float / shares57.1%
Key info
SectorIndustrials
IndustryMarine Shipping
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001578453
AI Summary
AI-generated1/11
standardbullishearnings
Dynagas LNG Partners LP Reports Results for the Three and Six Months Ended June 30, 2026
Dynagas LNG Partners reported Q2 2026 net income of $16.0 million, up 16.8% year-over-year, on voyage revenues of $41.2 million, up 6.7%, with earnings per common unit of $0.39 versus $0.23 a year earlier.
The improvement was driven by the Clean Energy's new time charter with Rio Grande LNG that commenced in April 2026 at an improved rate, and by net interest and finance costs falling 26.9% to $3.8 million as continued deleveraging cut the weighted average interest rate to 5.90%.
Contracted revenue backlog stands at $0.73 billion with a 4.4-year average remaining term and charter coverage of 100% for 2026 and 2027 but only 65% for 2028; the quarterly common distribution was held at $0.050 per unit.
The EU's 21st sanctions package exempts Russian LNG transfers to third countries under legacy pre-February 2022 contracts, and management believes its two Yamal Trade charters fall within that exemption — but Yamal Trade accounted for 34.5% of first-half revenues, so loss of those charters would be materially adverse and could trigger an event of default under debt agreements.
Red flags
- Yamal Trade charterer accounts for 34.5% of H1 2026 revenues; loss of either Yamal charter would have a material adverse effect and could trigger an event of default under debt agreements
- EU Legacy Contract Derogation is subject to annual Council review and interpretation risk — no assurance regulators or counterparties agree the Yamal charters qualify, or that the yearly volume cap is met
- UK sanctions force replacement of UK-based key service providers; replacement terms not assured and could cause off-hire, costs, or covenant issues
- 2028 time charter coverage only 65%, leaving meaningful revenue uncontracted beyond 2027
- Fleet utilization fell to 96.2% from 99.4% YoY (20.5 days off-hire on Clean Energy between SEFE re-delivery and Rio Grande delivery); Q2 Adjusted EBITDA and H1 Adjusted Net Income were slightly lower YoY