DLNG Dynagas LNG Partners LP
Price Chart
Executive Summary
Dynagas LNG Partners LP reported strong financial results for 2025, with $61.6 million in net income and $1.38 in earnings per common unit. The company maintained high fleet utilization at 99.3% and announced a new $10 million common unit repurchase program. However, significant geopolitical risks from EU sanctions on Russian LNG exports starting in 2027 threaten 35% of its revenue from Yamal, creating substantial uncertainty about the enforceability of existing long-term charters.
Actionable Insight
Monitor the Yamal charter situation closely as the January 1, 2027 enforcement date approaches. The company's position that charters remain enforceable despite EU sanctions creates significant legal uncertainty. The $10 million repurchase program signals confidence in valuation, but the geopolitical risk to 35% of revenue represents a major overhang on the stock.
Key Facts
- Net income of $61.6 million and EPS of $1.38 for 2025
- 99.3% fleet utilization rate
- New $10 million common unit repurchase program authorized
- 35% of revenue from Yamal LNG project with vessels operating in Russia
- EU sanctions prohibit Russian LNG exports from 2027, threatening Yamal charters
- Company believes Yamal charters remain enforceable despite sanctions
Financial Impact
Revenue at risk from Yamal charters: 35% of total revenue
Risk Factors
- Enforcement of EU sanctions on Russian LNG exports from 2027 could invalidate Yamal charters
- Geopolitical tensions in Eastern Mediterranean and Middle East disrupting LNG shipping routes
- Potential for charter renegotiation or early termination due to changing regulatory landscape
Market Snapshot
Documents Analyzed
This report is based on 12 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 20-F Filing (Primary) | 0001104659-26-040882 |
| Document: dlng-20251231xex2d1.htm | 0001104659-26-040882 |
| Document: dlng-20251231xex12d1.htm | 0001104659-26-040882 |
| Document: dlng-20251231xex12d2.htm | 0001104659-26-040882 |
| Document: dlng-20251231xex15d2.htm | 0001104659-26-040882 |
| Document: dlng-20251231xex13d2.htm | 0001104659-26-040882 |
| Document: dlng-20251231xex13d1.htm | 0001104659-26-040882 |
| Document: dlng-20251231xex15d3.htm | 0001104659-26-040882 |
| Document: dlng-20251231xex15d1.htm | 0001104659-26-040882 |
| Document: 0001104659-26-040882-index-headers.html | 0001104659-26-040882 |
| Document: 0001104659-26-040882-index.html | 0001104659-26-040882 |
| Document: 0001104659-26-040882.txt | 0001104659-26-040882 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 29, 2026
14d ago
|
6-K
| $26.40 $26.28 | ▼ −0.47% | ▲ +2.28% | $3.75 (−85.80%) |
|
May 22, 2026
21d ago
|
Press Release
| $3.85 $3.78 | ▼ −1.82% | ▼ −2.90% | $3.75 (−2.60%) |
|
May 11, 2026
4w ago
|
6-K
| $26.22 $26.15 | ▼ −0.25% | ▼ −0.33% | $3.75 (−85.70%) |
|
Apr 24, 2026
7w ago
|
6-K
| $25.74 $26.17 | ▲ +1.67% | ▲ +1.27% | $3.75 (−85.43%) |
|
Apr 23, 2026
7w ago
|
Press Release
| $3.94 $3.89 | ▼ −1.27% | ▼ −2.18% | $3.75 (−4.82%) |
|
Apr 8, 2026
9w ago
|
20-F
| $25.94 $26.30 | ▲ +1.38% | ▼ −1.81% | $3.75 (−85.54%) |
|
Mar 13, 2026
13w ago
|
Press Release
| $4.02 $4.29 | ▲ +6.72% | ▲ +8.83% | $3.75 (−6.72%) |
|
Mar 9, 2026
13w ago
|
Press Release
| $4.09 $3.94 | ▼ −3.67% | ▼ −2.76% | $3.75 (−8.31%) |
US Market Status
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