DYNAGAS LNG PARTNERS LP Reports Q2 FY2023 Earnings Results on June 30, 2023
September 17, 2023
🌥️Earnings Overview
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.
Market Price
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
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
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…
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
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.
