DLNG Stock Fair Value Calculator – DYNAGAS LNG PARTNERS LP Reports FY2022 Q4 Earnings Results for September 1 – December 31 2022
March 30, 2023
Earnings Overview
For the fourth quarter of FY2022, DYNAGAS LNG PARTNERS LP ($NYSE:DLNG) reported total revenue of USD 11.6 million, a 31.4% decrease compared to the same period in the prior fiscal year. Net income was USD 35.1 million, a 1.7% decrease year over year. The quarter ran from September 1 2022 to December 31 2022.
Transcripts Simplified
All participants will be in listen-only mode. After today’s presentation, there will be an opportunity to ask questions. Operator Instructions. Please note, this event is being recorded. I would now like to turn the conference over to Mr. George Saroglou, Chief Financial Officer. Please go ahead. Also, please note that our comments today include certain non-GAAP financial measures. A reconciliation of these non-GAAP measures to their closest GAAP measure can be found in our earnings press release. Now, I’d like to give you a brief overview of our financial results. Our balance sheet remains strong with negligible leverage and no near-term debt maturities. I will now turn the call back to the operator and open it up for questions.
Operator: Operator Instructions. Our first question comes from Joe DeCenso with RBC Capital Markets. Please proceed with your question. Joe DeCenso–RBC Capital Markets Analyst Thanks for taking my question. Could you provide an update on the market for LNG carriers and what you are seeing in terms of rates? George Saroglou–Chief Financial Officer Sure. We’ve seen strong demand for our vessels in both spot market and long-term charters which have translated into good daily charter rates for our fleet so far this year. The long-term time charter rate environment is also very healthy with several vessels being contracted for periods up to five years recently at attractive rates that are above current spot market levels. We are encouraged by the robust demand we’ve seen in the market so far this year and believe that it will continue throughout the year as more LNG production capacity comes online globally.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for DLNG. More…
| Total Revenues | Net Income | Net Margin |
| 131.66 | 54.01 | 24.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for DLNG. More…
| Operations | Investing | Financing |
| 57.32 | -3.63 | -70.84 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for DLNG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 947.71 | 523.78 | 11.52 |
Key Ratios Snapshot
Some of the financial key ratios for DLNG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.2% | -8.9% | 34.4% |
| FCF Margin | ROE | ROA |
| 40.8% | 6.8% | 3.0% |
Stock Price
On Monday, DYNAGAS LNG PARTNERS LP reported its earnings results for the fourth quarter of FY2022, covering the period September 1 – December 31, 2022. The company’s stock opened at $2.8 on Monday and closed at $2.7, a decrease of 1.4% from its prior closing price of $2.8. The company is focusing on its cost-saving initiatives to improve its financial performance going forward. Furthermore, the company is making substantial investments in its existing projects to increase its share of the LNG supply chain. Overall, DYNAGAS LNG PARTNERS LP’s fourth quarter results were mixed, with a slight decline in its stock price despite beating market expectations.
However, the company is focusing on cost saving initiatives and investments in its existing projects in order to improve its financial performance in the future. Live Quote…
Analysis – DLNG Stock Fair Value Calculator
We at GoodWhale have conducted a comprehensive analysis of DYNAGAS LNG PARTNERS LP’s performance. Our proprietary Valuation Line has determined that the fair value of DYNAGAS LNG PARTNERS LP share is around $3.2. We believe that this presents a great opportunity for investors looking to capitalize on an undervalued stock. More…
Peers
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Summary
The investing analysis for DYNAGAS LNG PARTNERS LP in the fourth quarter of FY2022 shows a decrease in total revenue by 31.4%, going from the same period in the previous year, while net income decreased by 1.7%. Despite this, the company still boasts strong fundamentals and is considered a reliable income-producing asset. To further evaluate the company’s performance and potential, investors should take note of current market conditions, liquidity, and management to evaluate its prospects. Eventually, investors should assess whether this investment is a suitable fit for their risk appetite and financial goals.
