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Dynagas LNG Partners LP (DLNG)
NYSE:DLNG
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.28Last Year’s EPS
$0.2Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 22, 2024
|% Change Since: 8.73%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in debt reduction and financial flexibility, with a strong charter backlog ensuring stability. However, some challenges were noted in the form of decreased operating income and potential increased costs due to interest rate swap maturity.Company Guidance
During the Q2 2024 earnings call for Dynagas LNG Partners, the company highlighted several key financial metrics and strategic moves. The net income for the quarter was reported at $10.7 million, with adjusted net income at $12.4 million, translating to an adjusted earnings per common unit of $0.25. The adjusted EBITDA for the period reached $28.6 million. Notably, the company completed a $344.9 million lease financing agreement with China Development Bank Financial Leasing, enabling them to repay a previous credit facility of $408.6 million ahead of its September 2024 maturity. The partnership has reduced its debt levels, with two of their LNG carriers now debt-free, positioning them for future growth. Revenue for the quarter was $37.6 million with an average time charter equivalent (TCE) of $67,300 per day. The company maintained a strong cash position, ending the quarter with $35.6 million in cash. Their total debt stands at $345 million, with a leverage ratio of 2.9x, a significant reduction from previous years. The fleet's contracted backlog is approximately $1.04 billion, with a robust charter profile extending up to 2034, ensuring stable income.Fleet Operation and Charter Backlog
All 6 LNG carriers are operating on long-term charters with international gas companies. The contracted backlog stands at approximately $1.04 billion, with an average remaining charter period of 6.4 years.
Strategic Deleveraging and Financial Flexibility
Debt levels have been significantly reduced from $675 million in September 2019 to $345 million in June 2024. The net debt-to-EBITDA ratio improved from 6.6x to 2.9x. 33% of the fleet is now debt-free.
Successful Lease Financing Agreement
Concluded a $344.9 million lease financing agreement with China Development Bank Financial Leasing for 4 LNG carriers, improving financing structure and flexibility.
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DLNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DLNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 22, 2024 | $4.20 | $4.43 | +5.48% |
| Sep 10, 2024 | $3.69 | $3.71 | +0.54% |
| Jun 27, 2024 | $3.87 | $3.98 | +2.84% |
| Mar 28, 2024 | $2.72 | $2.90 | +6.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dynagas LNG Partners LP (DLNG) report earnings?
Dynagas LNG Partners LP (DLNG) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Dynagas LNG Partners LP (DLNG) earnings time?
Dynagas LNG Partners LP (DLNG) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DLNG EPS forecast?
DLNG EPS forecast for the fiscal quarter 2024 (Q4) is $0.28.
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