Dynagas LNG Partners LP (DLNG) - NYSE
  • Wed, May 18, 9:15 AM
    | Wed, May 18, 9:15 AM
  • Thu, Mar. 31, 3:37 PM
    • Dynagas LNG Partners (DLNG +16.3%) surges after signing an extension and two new long-term time charter agreements for a pair of liquefied natural gas carriers.
    • Following the new Lena River and Ob River time charters, DLNG says its minimum contracted revenue backlog has increased to $1.2B from $586M, and the average remaining minimum contract duration has climbed to 7.9 years from 3.7.
    • DLNG estimates the new contracts will generate ~$34M/year in aggregate net cash from operations.
    • DLNG also says it will maintain its current level of cash distribution.
    | Thu, Mar. 31, 3:37 PM | 10 Comments
  • Dec. 21, 2015, 10:21 AM
    • Dynagas LNG Partners (DLNG +15.1%) surges following late Friday's announced agreement with Dynagas Holding to purchase the entity that owns and operates the Lena River, a 155K cm ice class liquefied natural gas carrier, and the related time charter contract with Gazprom (OTCPK:OGZPY), for $240M.
    • Following the completion of the Lena River acquisition, DLNG says it will recommend to its board a 4%-6% increase in its quarterly distribution to $0.439-$0.448 ($1.76-$1.79 annualized), effective for the March quarter.
    | Dec. 21, 2015, 10:21 AM | 5 Comments
  • Sep. 16, 2014, 3:57 PM
    • Ocean shipping of dry bulk commodities and oil will nearly double earnings capacity during the next several years while the smaller container ship industry will tread water, Deutsche Bank says.
    • The firm believes the industry is "on the cusp of entering a new era of prosperity," driven by improved supply/demand dynamics, increased fleet utilization and abundant capital to fund profitable growth.
    • On average, DB forecasts a near doubling of earnings power across its coverage universe by 2016 vs. 2013, led by shippers in the Dry Bulk and Oil trades.
    • Initiated with Buy ratings: TNK +9.8%, CPLP +2.5%, DSX +2.8%, DRYS +5.5%, DLNG +2.4%, NNA +2.1%, SALT +0.8%, SSW +1.3%, GASS +3.3%.
    • Started at Hold: TK +1.2%, NMM +0.3%, FRO +3.3%, TGH -0.6%.
    | Sep. 16, 2014, 3:57 PM | 5 Comments
  • Nov. 27, 2013, 5:39 PM
    After-hours Top Gainers, as of 5:15 p.m.: DSS +10.1%. EGY +2.8%. VALE +2.3%. PRMW +1.6%. SM +1.5%.
    After-hours Top Losers, as of 5:15 p.m: FTNT -4.5%. UYM -4.3%. VPFG -4%. IRDM -3.8%. DLNG -3.2%.
    | Nov. 27, 2013, 5:39 PM
Company Description
Dynagas LNG Partners LP engages in the provision of seaborne transportation services. It owns and operates liquefied natural gas carriers which are employed to energy companies under multi-year charters. The company was founded by George Prokopiou on May 29, 2013 and is headquartered in Monaco.
Sector: Services
Industry: Shipping
Country: Greece