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DYNAGAS LNG PARNERS LP (DLNG) Financials

DLNG
FY2025 annual
Revenue Not reported for FY2025
Net Income $61.6M +19.5% YoY
EPS (Diluted) $1.38 +31.4% YoY
Operating Cash Flow $90.3M -2.1% YoY
Market Cap $131.0M as of Oct 9, 2026
Price / Sales n/m no revenue reported
Price / Earnings 2.1x on $61.6M net income, FY2025
Price / Book 0.3x on $473.2M equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Currency USD FYE December

Newest figures come from the 20-F for FY2025, filed Apr 8, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DLNG SEC filings page.

This page shows DYNAGAS LNG PARNERS LP (DLNG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI DLNG FY2025

The business converts accounting earnings into cash while steadily reducing debt, but short-term liquidity remains tighter than its leverage suggests.

By FY2025, operating cash flow reached $90.3M against net income of $61.6M, indicating reported earnings were accompanied by cash rather than merely accounting profit. At the same time, debt-to-equity fell from 1.4x in FY2021 to 0.5x, so cash generation has coincided with a materially less debt-dependent balance sheet.

Total liabilities declined from $584M in FY2021 to $313M in FY2025, reducing claims on the asset base. Equity increased from $381M to $473M over the same span, making the deleveraging a balance-sheet change rather than debt reduction alone.

The current ratio was only 0.6x in FY2025 versus 1.1x in FY2022, meaning near-term obligations remained greater than current assets even as long-term debt declined. This creates a different financial picture from solvency: the company is less leveraged overall, but its short-term balance is comparatively tight.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating DYNAGAS LNG PARNERS LP's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial
5/6

DYNAGAS LNG PARNERS LP passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass.

Earnings Quality Cash-Backed
1.46x

For every $1 of reported earnings, DYNAGAS LNG PARNERS LP generates $1.46 in operating cash flow ($90.3M OCF vs $61.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
3.78x

DYNAGAS LNG PARNERS LP earns $3.78 in operating income for every $1 of interest expense ($75.3M vs $19.9M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt
$41.0M
YoY-39.8%
QoQ-47.3%
5Y CAGR+26.9%

DYNAGAS LNG PARNERS LP held $41.0M in cash against $233.4M in long-term debt as of Q4 2025.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Shares Outstanding

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

DLNG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DLNG quarterly income statement
MetricQ4'2520-FQ2'256-KQ4'2420-FQ2'2410-QQ4'2310-KQ2'2310-QQ4'2210-KQ2'2210-Q

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

DLNG Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DLNG quarterly balance sheet
MetricQ4'2520-FQ2'256-KQ4'2420-FQ2'2410-QQ4'2310-KQ2'2310-QQ4'2210-KQ2'2210-Q
Total Assets$786.2M-7.2%$839.3M+0.1%$847.2M-6.8%$838.4M-8.9%$908.9M-4.1%$919.9M-6.0%$947.7M-1.8%$978.9M+1.0%
Current Assets$49.4M-36.8%$84.7M+68.3%$78.2M-25.7%$50.4M-49.8%$105.3M+41.8%$100.3M+10.8%$74.2M+45.1%$90.6M+108.6%
Cash & Equivalents$41.0M-39.8%$77.9M+118.9%$68.2M-7.6%$35.6M-32.8%$73.8M+51.8%$52.9M+5.3%$48.6M+3.4%$50.2M+36.6%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$1.2M+34.6%$937K+21.8%$894K+19.0%$769K-59.4%$751K-15.1%$1.9M-28.8%$885K-2.6%$2.7M+217.5%
Accounts Receivable$478K-60.2%$526K+7.1%$1.2M+69.4%$491K-94.3%$709K+958.2%$8.6M+1213.0%$67K-25.6%$653K+1319.6%
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$313.0M-13.6%$393.4M+5.1%$362.4M-21.3%$374.2M-21.7%$460.7M-12.0%$477.7M-15.9%$523.8M-10.3%$568.2M
Current Liabilities$78.9M-5.9%$135.7M+89.8%$83.9M-81.7%$71.5M-9.6%$458.8M+552.9%$79.1M-10.9%$70.3M+8.2%$88.7M+29.7%
Non-Current Liabilities$234.1M-15.9%$257.7M-14.9%$278.5M+14463.6%$302.7M-24.0%$1.9M-99.6%$398.6M-16.9%$453.5M-12.6%$479.5M-11.6%
Long-Term Debt$233.4M-15.8%N/A$277.1M-34.0%$298.9M-24.6%$419.6M-6.9%$396.3M-16.8%$450.8M-12.6%$476.6M-11.6%
Total Equity$473.2M-2.4%$445.9M-4.0%$484.8M+8.2%$464.2M+5.0%$448.2M+5.7%$442.2M+7.7%$423.9M+11.1%$410.7M

Not reported in any period shown, so not listed: Goodwill, Retained Earnings.

DLNG Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DLNG quarterly cash flow statement
MetricQ4'2520-FQ2'256-KQ4'2420-FQ2'2410-QQ4'2310-KQ2'2310-QQ4'2210-KQ2'2210-Q

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

DLNG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DLNG quarterly financial ratios
MetricQ4'2520-FQ2'256-KQ4'2420-FQ2'2410-QQ4'2310-KQ2'2310-QQ4'2210-KQ2'2210-Q
Current Ratio0.63-0.3x0.62-0.1x0.93+0.7x0.70-0.6x0.23-0.8x1.27+0.2x1.06+0.3x1.02+0.4x
Debt-to-Equity0.49-0.1x0.88+0.2x0.57-0.4x0.64-0.3x0.94-0.1x0.90-0.3x1.06-0.3x1.16

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Note: The current ratio is below 1.0 (0.63), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
DYNAGAS LNG PARNERS LP DLNG FY2025 N/A $61.6M N/A $131.0M —
Imperial Petroleum Inc. IMPP FY2025 $161.0M $50.0M 31.0% $248.2M 57/100
Martin Midstream Partners LP MMLP FY2025 $716.1M -$14.7M -2.1% $73.2M 43/100
KNOT OFFSHORE PARTNERS LP KNOP FY2025 $364.4M $23.3M 6.4% $358.7M 36/100
Summit Midstream Corporation SMC FY2025 $562.1M $3.0M 0.5% $450.6M 28/100
Tsakos Energy Navigation Ltd. TEN FY2025 $798.7M $160.9M 20.2% $1.6B 34/100

Frequently Asked Questions

Is DYNAGAS LNG PARNERS LP profitable?

Yes, DYNAGAS LNG PARNERS LP (DLNG) reported a net income of $61.6M in fiscal year 2025.

What is DYNAGAS LNG PARNERS LP's earnings per share (EPS)?

DYNAGAS LNG PARNERS LP (DLNG) reported diluted earnings per share of $1.38 for fiscal year 2025. This represents a 31.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is DYNAGAS LNG PARNERS LP's EBITDA?

DYNAGAS LNG PARNERS LP (DLNG) had EBITDA of $107.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, DYNAGAS LNG PARNERS LP (DLNG) had $41.0M in cash and equivalents against $233.4M in long-term debt.

DYNAGAS LNG PARNERS LP (DLNG) has a return on equity of 13.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

DYNAGAS LNG PARNERS LP (DLNG) generated $90.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

DYNAGAS LNG PARNERS LP (DLNG) had $786.2M in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, DYNAGAS LNG PARNERS LP (DLNG) spent $1.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

DYNAGAS LNG PARNERS LP (DLNG) had a current ratio of 0.63 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

DYNAGAS LNG PARNERS LP (DLNG) had a debt-to-equity ratio of 0.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

DYNAGAS LNG PARNERS LP (DLNG) had a return on assets of 7.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

DYNAGAS LNG PARNERS LP (DLNG) trades at 2.1x earnings, its market capitalization divided by net income of $61.6M net income, FY2025. The market capitalization is $131.0M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

DYNAGAS LNG PARNERS LP (DLNG) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $131.0M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

DYNAGAS LNG PARNERS LP (DLNG) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

DYNAGAS LNG PARNERS LP (DLNG) has an earnings quality ratio of 1.46x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

DYNAGAS LNG PARNERS LP (DLNG) has an interest coverage ratio of 3.78x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

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