DYNAGAS LNG PARTNERS LP Reports Q2 FY2023 Earnings Results for June 30 2023

September 21, 2023

🌥️Earnings Overview

DYNAGAS LNG PARTNERS LP ($NYSE:DLNG) has announced its earnings results for the second quarter of FY2023, ending June 30 2023. Total revenue for the period was USD 37.6 million, a 12.7% increase from the same period last year. Net income was reported at USD 14.4 million, a 29.8% increase from the same quarter in the previous year.

Price History

The stock opened at $2.6, before closing at $2.7, a 3.2% decline from its prior closing price of $2.8. This marks a disappointing quarter for the company, as they had been hoping to continue a string of positive quarterly earnings results. The company’s earnings report showed a significant decline in revenue when compared to the same period last year. Despite this disappointing result, DYNAGAS LNG PARTNERS LP remains optimistic about its future prospects.

They believe that their efforts to increase efficiency and reduce costs will help them rebound from this setback and return to profitability in the near future. They remain committed to their strategy of investing in new shipping vessels and expanding their operations into new markets. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

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

    Total Revenues Net Income Net Margin
    139.89 31.44 22.5%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

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

    Operations Investing Financing
    46.73 -3.14 -90.92
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
    919.87 477.69 12.02
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

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

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    0.7% -3.0% 54.4%
    FCF Margin ROE ROA
    31.2% 10.9% 5.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have conducted an analysis of DYNAGAS LNG PARTNERS LP’s financials. Based on the Star Chart, DYNAGAS LNG PARTNERS LP is classified as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. This type of company is likely to be of interest to investors who are looking for long-term stability and returns. The company is strong in terms of its asset structure, profitability, and weak in terms of dividend and growth. Additionally, DYNAGAS LNG PARTNERS LP has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

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    – Ranger Energy Services Inc ($NYSE:RNGR)

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    Investors reacted negatively to the earnings report of Dynagas LNG Partners LP for the second quarter of FY2023. The company reported total revenue of USD 37.6 million, representing a 12.7% increase year-on-year, and net income of USD 14.4 million, a 29.8% increase from the same period in the previous year.

    However, the stock price dropped on the news of the strong financial performance. The results suggest that investors are likely cautious about potential risks that may accompany the company’s future operations. Nevertheless, investors should take into account Dynagas’ strong financial performance in the second quarter when evaluating the stock.

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