DYNAGAS LNG PARTNERS LP Reports Financial Results for Fourth Quarter of FY2022 Ending December 31, 2022

Earnings Overview

DYNAGAS LNG PARTNERS LP ($NYSE:DLNG) reported their financial results for the fourth quarter of 2021, ending December 31, 2021, on March 20, 2023. Net income was USD 35.1 million, a slight decrease of 1.7% year-on-year.

Transcripts Simplified

All participants will be in listen-only mode. (Operator Instructions) 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 the President and Chief Executive Officer of Dynagas LNG Partners LP, Mark Anquillare. Please go ahead. Thank you, operator, and good morning, everyone. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied.

We refer you to our press release issued yesterday and to the documents we file from time to time with the SEC for a description of these risks and uncertainties. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. I’m here today with our Chief Financial Officer, Michael Douvas, who will go over the financial and operational highlights and provide some additional color on our performance. I will then conclude our prepared remarks before opening the call up for questions. Now let’s get started with the highlights.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for DLNG. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for DLNG. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for DLNG. More…

Key Ratios Snapshot

Some of the financial key ratios for DLNG are shown below. More…

Stock Price

The stock opened at $2.8 and closed at $2.7, down by 1.4% from its last closing price of $2.8. Overall, the company’s financial performance in the fourth quarter of FY2022 was disappointing with decreased revenues and profits. The stock performance was also not up to the mark. The company must focus on improving its financial performance in the coming quarters to bring back investor confidence and improve its stock performance. Live Quote…

Analysis

GoodWhale has conducted an extensive analysis of DYNAGAS LNG PARTNERS LP’s fundamentals and concluded that it is classified as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. Based on our Star Chart, we categorized DYNAGAS LNG PARTNERS LP as having a strong performance in terms of liquidity, medium performance in terms of asset, profitability, and weak performance in terms of dividends and growth. Despite its weak performance in dividend and growth, DYNAGAS LNG PARTNERS LP still has a high health score of 8/10, indicating that it is well-positioned to weather any potential crisis without the risk of bankruptcy. Given its robust assets and low risk of bankruptcy, DYNAGAS LNG PARTNERS LP may be of particular interest to investors seeking long-term returns with a focus on stability. More…

Peers

– Viper Energy Partners LP ($NASDAQ:VNOM)

Viper Energy Partners LP is a publicly traded partnership engaged in the acquisition, ownership, and exploitation of oil and natural gas properties in the United States. Its market capitalization of 2.39 billion reflects the size of the company and its investments in oil and natural gas assets. The company’s Return on Equity of 53.94% is an indication of its financial performance, as it indicates that Viper Energy is generating a significant amount of profit relative to the equity invested in the company. This high ROE suggests that the company is making effective use of its assets and capital to generate returns.

– AnAn International Ltd ($SGX:Y35)

International Ltd is a global business specializing in a variety of products and services. It has a market capitalization of 88.9 million as of 2022, which reflects the overall size of the company in terms of its value. Its Return on Equity (ROE) of -123.46% indicates that the company is not performing well and is not producing positive returns for its shareholders. The company’s current performance suggests that it needs to make changes to improve its financial performance and increase shareholder value.

– Ranger Energy Services Inc ($NYSE:RNGR)

Ranger Energy Services Inc is a leading provider of well completion, well servicing, and wireline technologies and services to the oil and gas exploration and production industry. The company has a market cap of 274.61M as of 2022 and a Return on Equity of 8.64%, indicating a relatively healthy financial position. Ranger Energy Services Inc is well positioned to benefit from the current market conditions, as their services are in high demand by the oil and gas industry. The company has been able to successfully capitalize on the increased market demand, resulting in strong returns for its shareholders.

Summary

Investing in Dynagas LNG Partners LP could prove to be a sound decision for investors with a long-term outlook. The company’s total revenue for the fourth quarter of FY2022 decreased by 31.4% year-on-year; however, reported net income nonetheless remained relatively stable at a marginal decline of 1.7%, indicating the company’s ability to remain resilient even in difficult market conditions. Therefore, Dynagas LNG Partners LP could be a good option for investors who want to benefit from potential capital appreciation while also receiving a steady income.