Dynagas LNG Partners LP Reports Results for the Three and Six Months Ended June 30, 2026
Dynagas LNG Partners reported Q2 2026 net income of $16.0 million, up 16.8% year-over-year, on voyage revenues of $41.2 million, up 6.7%, with earnings per common unit of $0.39 versus $0.23 a year earlier. The improvement was driven by the Clean Energy's new time charter with Rio Grande LNG that commenced in April 2026 at an improved rate, and by net interest and finance costs falling 26.9% to $3.8 million as continued deleveraging cut the weighted average interest rate to 5.90%.
Key figures
- Eps
- 0.39
- Revenue
- 41188000
- Revenue Yoy
- 6.7%
- Total cash
- 59486000
- Tce rate q2
- 70145
- H1 net income
- 33383000
- Q2 net income
- 15957000
- Adjusted eps q2
- 0.39
- H1 adjusted eps
- 0.68
- Q2 net income yoy
- 16.8%
- Adjusted ebitda h1
- 51901000
- Adjusted ebitda q2
- 27642000
- H1 voyage revenues
- 81126000
- Fleet utilization h1
- 95.7%
- Fleet utilization q2
- 96.2%
- Charter coverage 2026
- 100%
- Charter coverage 2027
- 100%
- Charter coverage 2028
- 65%
- Adjusted net income q2
- 15811000
- Interest cost change yoy
- -26.9%
- Contracted revenue backlog
- 730000000
- Weighted avg interest rate
- 5.90%
- Net cash from operations q2
- 21010000
- Yamal revenue concentration
- 34.5%
- Common distribution per unit
- 0.05
- Net interest finance costs q2
- 3800000
- Preferred distribution per unit
- 0.5625
- Avg remaining contract term years
- 4.4
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