Dynagas LNG: Impressive Backlog And Attractive Yields On Preferred Units [Seeking Alpha]
Dynagas LNG Partners LP Common Units (DLNG)
Last dynagas lng partners lp common units earnings: 3/12 04:05 pm
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US:NASDAQ Investor Relations:
dynagaspartners.com
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Source: Seeking Alpha
Five of the company's ships are ice class. The company has a $1.16 billion backlog. The average time charter duration is 7.2 years. DLNG has significantly reduced its debts over the last five years. The total debt/equity dropped from 218% in 2018 to 97.8% in 2024. DLNG's preferred units offer attractive dividends with a forward yield above 8%. DLNG trades at 25 % P/NAV. For reference, FLNG trades at 106% P/NAV and CLCO at 68%. Introduction Dynagas LNG ( NYSE: DLNG ) is an LNG carrier owner. It has a fleet of six vessels with an average age of 13.3 years. Three have 150,000 cbm capacity and are equipped with steam turbines, and the other three have 155,000 cbm capacity and are fitted with TFDE (triple fuel diesel-electric) propulsion. The company is highly undervalued compared to its NAV and its backlog. DLNG trades at 25% PNAV. It seems a severe drawback that DLNG does not distribute dividends on its common shares and has a fleet with obsolete propulsion. However, we have
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DLNG
News
- Are Transportation Stocks Lagging Dynagas LNG Partners (DLNG) This Year? [Yahoo! Finance]Yahoo! Finance
- Dynagas LNG Partners LP (NYSE: DLNG) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Dynagas LNG Partners LP Declares Cash Distribution on Its Series B Preferred UnitsGlobeNewswire
- Dynagas LNG Partners LP Announces Filing of Form 20-F With the SECGlobeNewswire
- Dynagas LNG Partners LP (NYSE: DLNG) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
DLNG
Earnings
- 3/28/24 - Miss
DLNG
Sec Filings
- 4/30/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/26/24 - Form 20-F
- DLNG's page on the SEC website