On June 30th, 2023, DYNAGAS LNG PARTNERS LP ($NYSE:DLNG) announced their financial results for the second quarter of FY2023. The company earned a total revenue of USD 37.6 million, representing a growth of 12.7% compared to the same time frame of the previous year. Net income also experienced an increase of 29.8%, totaling USD 14.4 million.
On Friday, June 30, 2023, DYNAGAS LNG PARTNERS LP reported their second quarter earnings results for FY2023. The stock opened at $2.6 and closed at $2.7, a 3.2% decline from the previous closing price of 2.8. This is the latest report from Dynagas, which is an owner and operator of liquefied natural gas (LNG) carriers. Dynagas also announced on Friday that they had secured three new charter contracts with major international oil companies, including BP, Chevron, and Total. It appears that investors are not optimistic about the company’s future performance, as reflected by the decline in stock price.
However, analysts are encouraged by the company’s prospects and its ability to secure new contracts. They expect that the company’s financial performance in FY2023 will continue to be strong and that its stock will recover in the coming months. 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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GoodWhale’s analysis of DYNAGAS LNG PARTNERS LP shows that it is a low risk investment. Our Risk Rating system has given it a favorable rating, signaling that its financial and business aspects are sound. Nevertheless, there is one risk warning in the income sheet that we have detected. To find out more about this risk warning, sign up to become a registered user with GoodWhale. Our comprehensive and in-depth analysis will help you make an informed decision about your investments. More…
Risk Rating Analysis
Star Chart Analysis
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DYNAGAS LNG PARTNERS LP recently reported its earnings results for the second quarter of FY2023, with total revenue rising 12.7% y-o-y to USD 37.6 million and net income increasing 29.8% to USD 14.4 million. Despite this strong performance, the stock price went down on the day of announcement. Investors may want to assess the potential long-term growth of the company as well as its profitability and dividend payouts to determine if DYNAGAS LNG PARTNERS LP is a good investment. Its future cash flow prospects and industry outlook should also be considered when looking at investing in the company.