DLNG
Dynagas LNG Partners LP
DLNG's fundamentals are mixed, but it looks cheap: trading at 1.8x earnings, below its usual 3.1x.
DLNG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Healthy |
DLNG's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
DLNG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 1.8x | $3.26 | — |
| Cheap | 2x | $3.65 | +12% |
| Fair | 3.1x | $5.81 | +78% |
| Expensive | 6.1x | $11.29 | +246% |
Historical ranges are pointers, not guarantees.
DLNG's PE is in its cheap range at 1.8x.
DLNG Forward outlook
There aren't enough analyst estimates for DLNG to show an outlook.
DLNG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $1.86 | +21% |
| Q1 2026 | $1.80 | +24% |
| Q4 2025 | $1.69 | +21% |
| Q3 2025 | $1.64 | +26% |
| Q2 2025 | $1.54 | +66% |
| Q1 2025 | $1.45 | +41% |
| Q4 2024 | $1.40 | +65% |
| Q3 2024 | $1.30 | +71% |
DLNG's earnings per share have climbed steadily: $1.86 over the past year, up 21% from the year before, and higher year over year for eight quarters in a row.
DLNG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $41.8M | +8.2% |
| Q1 2026 | $39.9M | +2.1% |
| Q4 2025 | $40M | -4% |
| Q3 2025 | $38.9M | -0.5% |
| Q2 2025 | $38.6M | +2.7% |
| Q1 2025 | $39.1M | +2.8% |
| Q4 2024 | $41.7M | +13% |
| Q3 2024 | $39.1M | -20% |
DLNG's revenue grew through 2023 and has held roughly level since: $42M last quarter, up 8.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 47% | -2.2 points |
| Q1 2026 | 41% | -6.1 points |
| Q4 2025 | 47% | +0.4 points |
| Q3 2025 | 48% | -2.5 points |
| Q2 2025 | 50% | -0.4 points |
| Q1 2025 | 47% | -3.4 points |
| Q4 2024 | 47% | -1.2 points |
| Q3 2024 | 51% | +32 points |
DLNG's operating margin was 47% last quarter, down 2.2 points from the same quarter a year ago.
DLNG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | -100% |
| Q1 2026 | $26.5M | +47% |
| Q4 2025 | $21.4M | -34% |
| Q3 2025 | $26.5M | +3.5% |
| Q2 2025 | $24.3M | +7.8% |
| Q1 2025 | $18.1M | +57% |
| Q4 2024 | $32.5M | +94% |
| Q3 2024 | $25.6M | +25% |
DLNG's free cash flow has been positive every quarter for seven years: $74M over the past year, down 26% from the year before.
DLNG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -0.5% | -184K shares |
| 3 years | -1.1% | -420K shares |
| 5 years | -0.8% | -279K shares |
| Available history | +2.5% | +892K shares |
DLNG has 36M diluted shares, down 0.5% from a year ago, with $56M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $533,000 |
| Q3 2025 | $55M |
| Q2 2025 | $558,000 |
| Q1 2025 | $231,000 |
| Q4 2024 | $247,000 |
| Q3 2024 | — |
DLNG spent $56M buying back its own shares over the past year, more than ten times what it spent the year before.
DLNG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.2x | Moderate |
| Q2 2025 | 2.4x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.2x | Moderate |
| Q3 2024 | 2.5x | Moderate |
DLNG's net debt is about 1.7 years of its operating earnings (EBITDA), down from 2.4 years a year ago.
DLNG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.9 | Neutral |
| Stochastic | 17.0 | Oversold |
DLNG's weekly RSI is 41 (neutral) and its Stochastic is 17 (oversold).
DLNG PE vs Energy Sector
| Metric | DLNG | Sector median | Relative |
|---|---|---|---|
| PE | 1.8x | 13x | 87% below |
| PE % | 12 | 61 | 49 pts below |
DLNG is trading at 1.8x earnings, a 87% discount to the Energy sector's median of 13x.
DLNG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.39 | 3.8% below |
| 20 week MA | $3.57 | 8.7% below |
| 50 week MA | $3.76 | 13% below |
| 100 week MA | $3.82 | 15% below |
| 200 week MA | $3.50 | 6.9% below |
DLNG is in a downtrend: it's below all five of its weekly moving averages, and 6.9% below its 200-week average.
DLNG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.11 | $2.45 | +16% |
| 2021 | $2.45 | $2.88 | +18% |
| 2022 | $2.88 | $2.46 | -15% |
| 2023 | $2.46 | $2.80 | +14% |
| 2024 | $2.80 | $5.30 | +89% |
| 2025 | $5.30 | $3.83 | -28% |
| 2026 YTD | $3.83 | $3.26 | -15% |
DLNG has finished higher in four of the last six years. It's down 15% so far in 2026.