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.
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
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for DLNG. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for DLNG. More…
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…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for DLNG are shown below. More…
Income Statement Ratios
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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
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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.