Dynagas LNG Partners LP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Dynagas LNG Partners LP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	170	139	127	131	137	138	132	11.6	0
General and administrative	1.17	0.96	1.45	1.99	1.8	2.35	2.1	1.33	1.44	1.12
Operating income	102	63.9	53	59.9	64.3	64.6	45.3	64.7	77.4	75.3
Interest expense	32.9	39.8	46.9	46.6	27.1	21.4	27.9	39.2	31.2	21.4
Interest income	0	0.2	1.05	2.33	0.22	0	0.83	2.59	2.55	1.31
Other non-operating income	-35.2	-46.6	-49.4	-56.3	-30.2	-11.4	8.67	-28.8	-25.8	-13.7
Net income	66.9	17.3	3.61	3.61	34.1	53.3	54	35.9	51.6	61.6
EBITDA	132	94.3	83.3	90.6	96.1	96.3	77.1	96.7	110	107
EPS, basic	1.69	0.27	-0.11	-0.22	0.63	1.14	1.15	0.66	1.05	1.38
EPS, diluted	0.00	0.00	0.00	-0.22	0.63	1.14	1.15	0.66	1.05	1.38
Shares, basic (weighted)						36.5	36.8	36.8	36.8	36.6
Shares, diluted (weighted)						36.5	36.8	36.8	36.8	36.6

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	57.6	67.5	110	16.2	25	47	48.6	73.8	68.2	41
Receivables	0.1	0.16	0.05	0.14	0.38	0.09	0.07	0.71	1.2	0.48
Inventory	0.83	0.8	1.22	0.72	0.81	0.91	0.89	0.75	0.89	1.2
Other current assets	0.79	1.1	0.69	1.11	0.95	1.45	2.13	8.12	3.8	4.73
Total current assets	60.2	70.4	113	18.2	27.1	51.2	74.2	105	78.2	49.4
Property, plant and equipment	1,008	977	947	917	885	853	825	797	765	733
Intangible assets	12.5	5.27	0
Total assets	1,107	1,054	1,063	989	966	965	948	909	847	786
Accounts payable	3.06	4.5	5.74	5.5	4.37	5.65	1.47	1.56	0.7	12.3
Accrued liabilities	3.75	4.05	4.21	1.64	1.66	1.42	2.66	3.29	5.59	5.54
Deferred revenue	14.3	11.6	10.7	9.81	8.06	11.7	11.9	0.5	0.67	0.66
Short-term debt	31.7	2.66	252	45.5	45.7	45.9	46.3	420	43.6	43.7
Total current liabilities	53.1	22.9	273	64.6	62.8	64.9	70.3	459	83.9	78.9
Long-term debt	685	712	461	608	562	516	451		277	233
Total liabilities					629	584	524	461	362	313
Total debt	716	714	713	653	608	562	497	420	321	277
Shareholders' equity					336	381	424	448	485	473
Total equity					336	381	424	448	485	473
Total liabilities and equity	1,107	1,054	1,063	989	966	965	948	909	847	786

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	66.9	17.3	3.61	3.61	34.1	53.3	54	35.9	51.6	61.6
Depreciation and amortization	30.4	30.3	30.3	30.7	31.8	31.7	31.8	31.9	32.2	32.1
Change in receivables	0	-0.06	0.11	-0.1	-0.24	0.29	0.02	-0.64	-0.49	0.72
Change in inventory	-0.49	0.04	-0.42	0.5	-0.09	-0.1	0.02	0.13	-0.14	-0.31
Change in payables	-1.11	1.58	1.15	-0.1	-1.03	1.28	-9.53	-5.28	-0.64	-0.86
Cash from operations	104	59.3	43	43.2	68.6	79.6	57.3	64.4	92.2	90.3
Capital expenditures	-37.5	0	-0.41	0	0	0	-3.64	-4.24	-0.03
Cash from investing	-37.5	0	-0.41	0	0	0	-3.64	-4.24	-0.03
Debt issued	66.7	480	0	675	0	0			345
Debt repaid	-32.5	-475	-4.8	-735	-48	-48	-64.9	-79.3	-443
Share buybacks									-0.25	-1.32
Dividends paid							0	0
Cash from financing	-32.8	-74.5	-0.13	-86.9	-59.8	-57.6	-70.8	-66.3	-97.7	-117
Net change in cash	33.3	-15.1	42.5	-43.7	8.77	22	-17.1	-6.12	-5.6	-27.1
Free cash flow	66.1	59.3	42.6	43.2	68.6	79.6	53.7	60.2	92.1
Interest paid	32.8	39.8	47	48.9	24.4	18.8	25.4	37.3	30.2	20.9

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $3.56 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	12.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	7.5%	Net income / average total assets.
Return on invested capital (ROIC)	8.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

Metric	Value	How it is calculated
Operating income growth, 1y	-2.7%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	18.4%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	3.2%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-2.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	11.7%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	2.3%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	19.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	4.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	12.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	31.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	6.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	17.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-2.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	16.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	5.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-2.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	3.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	7.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-7.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-6.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-4.0%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.63x	Current assets / current liabilities.
Quick ratio	0.53x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.52x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.59x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	35.2%	Total debt / total assets.
Liabilities / assets	39.8%	Total liabilities / total assets.
Net debt	$236.0M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	2.20x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	3.53x	Operating income / interest expense.
Working capital	-$29.5M	Current assets - current liabilities.
Tangible book value	$473.2M	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.38	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$1.38	Net income per basic share, as reported (split-adjusted).
Operating cash flow per share	$2.47	Cash from operations / diluted weighted shares.
Book value per share	$12.94	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$12.94	Tangible book value / shares outstanding.
Cash per share	$1.12	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$129.5M	Share price x shares outstanding.
Enterprise value	$365.6M	Market cap + total debt - cash - short-term investments.
P/E	2.10x	Market cap / net income. Only when net income is positive.
P/B	0.27x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.27x	Market cap / tangible book value, when positive.
P/OCF	1.43x	Market cap / cash from operations, when positive.
EV/EBIT	4.85x	Enterprise value / operating income, when both are positive.
EV/EBITDA	3.40x	Enterprise value / EBITDA, when both are positive.
Earnings yield	47.6%	Net income / market cap (the inverse of P/E).
Shareholder yield	1.0%	(Dividends paid + share buybacks) / market cap.
PEG	0.34x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was Dynagas LNG Partners LP profitable in fiscal 2025?

Yes. Net income was $61.6M, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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