Dynagas LNG Partners Ranks 3rd among LNG Carrier Stocks



YTD performance

Behind GasLog Partners (GLOP) and Golar LNG (GLNG), Dynagas LNG Partners (DLNG) was the third-ranked stock on a YTD (year-to-date) basis among the LNG carrier companies in our survey. On March 26, 2018, Golar LNG stock was down ~7.4% year-to-date.

GLOP and GLNG returned ~-5.9% and -7.1% year-to-date, respectively. Dyanagas LNG Partners has outperformed the shipping ETF but underperformed the broad equity market indexes. Since December 31, 2017, the Guggenheim Shipping ETF (SEA) has fallen ~8.5%.

On March 26, 2018, the Dow Jones Industrial Average (DIA) has fallen ~2.3%, and the SPDR S&P 500 ETF (SPY) has fallen 0.66% from the beginning of the year. Dynagas LNG Partners stock has fallen more than 40.0% in the last one-year period.

Article continues below advertisement

About DLNG

Dynagas LNG Partners is a growth-oriented limited partnership. The company owns and operates high-specification LNG carriers that are employed on multiyear contracts with international energy companies.

Results in 4Q17

In February 2018, Dynagas LNG Partners (DLNG) reported its 4Q17 results. Dynagas LNG Partners reported net income of $5.6 million and EPS (earnings per share) of $0.11 in 4Q17. 

In December 2017, the partnership began a three-year charter agreement with Statoil ASA (STO) for employment of its LNG (liquefied natural gas) carrier, the Arctic Aurora, which was built in 2013. The contract is expected to commence in 3Q18.


More From Market Realist