NYSE: DLNG

Dynagas LNG Partners LP

Industrials · Marine Shipping

Stock details

Market Cap

$133.16M

52w High

$4.45

52w Low

$3.27

P/E

2.03

Volume

60.33K

Outstanding Shares

36.38M

Market Cap

$133.16M

52w High

$4.45

52w Low

$3.27

P/E

2.03

Volume

60.33K

Outstanding Shares

36.38M

What the market price implies · Reverse DCF

To support a price of $3.66, this model requires revenue to grow by -6.2%/yr over the next 10 years, compounded annually.

Historical revenue grew by 3.26%/yr over the past 4 years. The required annual growth rate is 9.46 percentage points lower.

Selected forecast · Base scenario

1.18%/yr · actual 10-year annualized revenue growth

Year 1 growth: 1.84%

Market-implied · Base operating assumptions + edited margins

-6.2%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$3.66

Estimated value / share

$13.51

Base scenario

This estimate is 269.02% above the price used.

USD · TTM ending 2026-03-31

This estimate is at least 3× the price used. Review the growth, margin and investment assumptions behind the gap.

Year 1 growth 1.84% · Ending margin 30% · Discount rate 5.98%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 4, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-03-31
Data refreshed: Sep 7, 2026, 10:17 AM UTC · cache

Why this method?

FCFF is positive, but the series is too unstable to anchor a direct cash-flow CAGR and the business still fails the steady-state comparability checks. Use a revenue-and-margin transition model instead of normalizing and compounding current FCFF.

Is FCFF positive and has it been for 3+ consecutive years? 10 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 90.3%. Latest capex is 49.3x the prior median, which points to a capex supercycle that should be normalized first.

Do you have 5+ years of positive FCFF history? 10 consecutive positive FCFF years are available.

Is the business model structurally similar to what it should be in 10 years? Operating margin moved 15.1 percentage points across the last five years, above the 10.0-point stability threshold, so steady-state FCFF is not a reliable anchor yet.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.

1Y Price: -1.61%Revenue (TTM): -0%FCF (TTM): 0.07%P/E: 0th pct

What changed

The stock fell 1.61% over the last year. Revenue declined 0% over the trailing twelve months. Operating margin moved from 48.67% to 46.55%. Free cash flow grew 0.07% over the trailing twelve months.

What the market seems to be pricing

The stock has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 46.55%. A decisive move in revenue — currently down 0% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally.

CEOTony Lauritzen

SectorIndustrials

IndustryMarine Shipping

Employees10

IPO dateNov 12, 2013

https://www.dynagaspartners.com

Market multiples

Forward P/E—

EV/EBITDA3.28

Enterprise value$373.86M

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth2.12%

Gross margin52.07%▼1.5ppvs FY2024

Operating margin46.55%▼1.4ppvs FY2024

ROE13.37%▲0.5ppvs FY2025

Analyst consensus

RatingHold

Target price$4.50▲22.95%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Sep 7, 2026

Q3 FY26 · EPS est $0.28 · Revenue est $36.31M

View

Dividends

$0.20/shareQuarterlyAdequate

DLNG pays a dividend with a 5.46% dividend yield, covered 1.3× by free cash flow.

Dividend Yield

5.46%

Annual Div / Share

$0.20

5yr CAGR

-15.02%

Dividend has been cut

Payout Ratio

23.54%

Adequate

Dividend Growth Rate

3yr CAGR

-15.02%

5yr CAGR

-15.02%

10yr CAGR

-19.22%

Dividend Safety

8/10Adequate

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$0.20+2.0%

2025$0.20-68.6%

2019$0.63-62.3%

2018$1.66-1.9%

2017$1.69+0.0%

2016$1.69+2.0%

2015$1.66—

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$55/yr

$5/mo

In 5 yrs

$55/yr

$5/mo

In 10 yrs

$55/yr

$5/mo

Today	In 5 yrs	In 10 yrs
$55/yr $5/mo	$55/yr $5/mo	$55/yr $5/mo

Analysis

Dividend Strengths

No strong strength signal stands out from the latest period pair.

Risks to Watch

Dividend has been reduced

The 5-year dividend CAGR of -15.02% is negative, indicating the payout has been cut over this period.

NYSE: DLNG

Dynagas LNG Partners LP

Industrials · Marine Shipping

Stock details

Market Cap

$133.16M

52w High

$4.45

52w Low

$3.27

P/E

2.03

Volume

60.33K

Outstanding Shares

36.38M

Market Cap

$133.16M

52w High

$4.45

52w Low

$3.27

P/E

2.03

Volume

60.33K

Outstanding Shares

36.38M

What the market price implies · Reverse DCF

To support a price of $3.66, this model requires revenue to grow by -6.2%/yr over the next 10 years, compounded annually.

Historical revenue grew by 3.26%/yr over the past 4 years. The required annual growth rate is 9.46 percentage points lower.

Selected forecast · Base scenario

1.18%/yr · actual 10-year annualized revenue growth

Year 1 growth: 1.84%

Market-implied · Base operating assumptions + edited margins

-6.2%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$3.66

Estimated value / share

$13.51

Base scenario

This estimate is 269.02% above the price used.

USD · TTM ending 2026-03-31

This estimate is at least 3× the price used. Review the growth, margin and investment assumptions behind the gap.

Year 1 growth 1.84% · Ending margin 30% · Discount rate 5.98%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 4, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-03-31
Data refreshed: Sep 7, 2026, 10:17 AM UTC · cache

Why this method?

Is FCFF positive and has it been for 3+ consecutive years? 10 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 90.3%. Latest capex is 49.3x the prior median, which points to a capex supercycle that should be normalized first.

Do you have 5+ years of positive FCFF history? 10 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.

1Y Price: -1.61%Revenue (TTM): -0%FCF (TTM): 0.07%P/E: 0th pct

What changed

The stock fell 1.61% over the last year. Revenue declined 0% over the trailing twelve months. Operating margin moved from 48.67% to 46.55%. Free cash flow grew 0.07% over the trailing twelve months.

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 46.55%. A decisive move in revenue — currently down 0% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally.

CEOTony Lauritzen

SectorIndustrials

IndustryMarine Shipping

Employees10

IPO dateNov 12, 2013

https://www.dynagaspartners.com

Market multiples

Forward P/E—

EV/EBITDA3.28

Enterprise value$373.86M

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth2.12%

Gross margin52.07%▼1.5ppvs FY2024

Operating margin46.55%▼1.4ppvs FY2024

ROE13.37%▲0.5ppvs FY2025

Analyst consensus

RatingHold

Target price$4.50▲22.95%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Sep 7, 2026

Q3 FY26 · EPS est $0.28 · Revenue est $36.31M

View

Dividends

$0.20/shareQuarterlyAdequate

DLNG pays a dividend with a 5.46% dividend yield, covered 1.3× by free cash flow.

Dividend Yield

5.46%

Annual Div / Share

$0.20

5yr CAGR

-15.02%

Dividend has been cut

Payout Ratio

23.54%

Adequate

Dividend Growth Rate

3yr CAGR

-15.02%

5yr CAGR

-15.02%

10yr CAGR

-19.22%

Dividend Safety

8/10Adequate

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$0.20+2.0%

2025$0.20-68.6%

2019$0.63-62.3%

2018$1.66-1.9%

2017$1.69+0.0%

2016$1.69+2.0%

2015$1.66—

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$55/yr

$5/mo

In 5 yrs

$55/yr

$5/mo

In 10 yrs

$55/yr

$5/mo

Today	In 5 yrs	In 10 yrs
$55/yr $5/mo	$55/yr $5/mo	$55/yr $5/mo

Analysis

Dividend Strengths

No strong strength signal stands out from the latest period pair.

Risks to Watch

Dividend has been reduced

The 5-year dividend CAGR of -15.02% is negative, indicating the payout has been cut over this period.