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
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% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for DLNG. More…
| Operations | Investing | Financing |
| 46.73 | -3.14 | -90.92 |
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 |
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% |
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…
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
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.
