Dynagas LNG Partners LP (DLNG) Balance Sheet
DLNG balance sheet, 2025
December 31, 2025 · U.S. dollars$786.2M assets = $313.0M liabilities + $473.2M equity
Both columns are drawn to the same scale: what DLNG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DLNG financial health
Descriptive bands, not a rating. Fiscal 2025.
DLNG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.11B2016 | $786.2M2025 | −3.7%/yr | |
| Total liabilities | $738.8M2016 | $313.0M2025 | −9.1%/yr | |
| Shareholders’ equity | $367.8M2016 | $473.1M2025 | +2.8%/yr | |
| Cash & short-term investments | $57.6M2016 | $41.0M2025 | −3.7%/yr | |
| Total debt | $716.4M2016 | $277.1M2025 | −10.0%/yr | |
| Net cash (debt) | −$658.8M2016 | −$236.0M2025 | +$422.8M | |
| Working capital | $7.1M2016 | −$37.9M2025 | −$45.0M | |
| Book value per share | $17.942016 | $12.942025 | −3.6%/yr | |
| Current ratio | 1.132016 | 0.522025 | −0.61 | |
| Debt / equity | 1.952016 | 0.592025 | −1.36 | |
| Shares outstanding | 20.5M2016 | 36.6M2025 | +6.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DLNG assets
DLNG liabilities and equity
DLNG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DLNG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $41.0M | $68.2M | $73.8M | $48.6M | $47.6M | $25.0M | $16.2M | $109.9M | $67.5M | $57.6M |
| Cash & equivalents | $41.0M | $68.2M | $73.8M | $48.6M | $47.0M | $25.0M | $16.2M | $109.9M | $67.5M | $57.6M |
| Short-term investments | — | — | $15.6M | $22.5M | $555,000 | — | — | — | — | — |
| Receivables | $2.4M | $5.1M | $6.8M | $67,000 | $90,000 | $384,000 | $143,000 | $48,000 | $155,000 | $100,000 |
| Inventory | $1.2M | $894,000 | $751,000 | $885,000 | $909,000 | $808,000 | $718,000 | $1.2M | $799,000 | $834,000 |
| Other current assets | $0 | $4.0M | $23.7M | $24.7M | $2.6M | $949,000 | $1.1M | $1.8M | $2.0M | $1.7M |
| Total current assets | $41.0M | $78.2M | $105.0M | $74.2M | $51.2M | $27.1M | $18.2M | $113.0M | $70.4M | $60.2M |
| Property, plant & equipment (net) | $733.1M | $765.2M | $797.4M | $825.1M | $853.2M | $884.9M | $916.7M | $947.4M | $977.3M | $1.01B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.7M | $5.3M | $12.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4M | $1.4M |
| Other non-current assets | $12.1M | $3.8M | $6.5M | $48.4M | $61.1M | $53.8M | $54.3M | $1.4M | $0 | $25.0M |
| Total assets | $786.2M | $847.2M | $908.9M | $947.7M | $965.5M | $965.8M | $989.2M | $1.06B | $1.05B | $1.11B |
| Liabilities | ||||||||||
| Accounts payable | $12.3M | $13.2M | $13.8M | $8.0M | $5.7M | $4.4M | $5.5M | $5.7M | $4.5M | $3.1M |
| Short-term debt | $43.7M | $43.6M | $419.6M | $46.3M | $45.9M | $45.7M | $45.5M | $251.8M | $510,000 | $31.7M |
| Deferred revenue | $17.4M | $20.8M | $20.5M | $11.9M | $11.7M | $8.1M | $9.8M | $10.7M | $11.6M | $14.3M |
| Total current liabilities | $78.9M | $83.9M | $458.8M | $70.3M | $64.9M | $62.8M | $64.6M | $272.7M | $22.9M | $53.1M |
| Long-term debt | $233.4M | $277.1M | $0 | $497.0M | $562.0M | $607.7M | $607.7M | $461.1M | $711.7M | $684.7M |
| Other long-term liabilities | $719,000 | $1.4M | $1.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $313.0M | $362.4M | $460.7M | $523.8M | $584.0M | $629.3M | $675.5M | $737.0M | $736.0M | $738.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $400.0M | $358.1M | $321.4M | $297.2M | $254.8M | $209.8M | $187.0M | $199.4M | $245.1M | $294.6M |
| Accumulated other comprehensive income | — | — | — | — | — | −$283.0M | −$251.2M | −$220.5M | −$190.2M | −$159.9M |
| Total shareholders' equity | $473.1M | $484.8M | $448.1M | $423.9M | $381.5M | $336.5M | $313.7M | $326.5M | $318.3M | $367.8M |
| Key figures | ||||||||||
| Total debt | $277.1M | $320.7M | $419.6M | $497.0M | $562.0M | $607.7M | $653.2M | $712.8M | $714.4M | $716.4M |
| Net cash (debt) | −$236.0M | −$252.6M | −$345.8M | −$448.4M | −$514.4M | −$582.7M | −$636.9M | −$602.9M | −$646.9M | −$658.8M |
| Working capital | −$37.9M | −$5.7M | −$353.7M | $4.0M | −$13.8M | −$35.7M | −$46.5M | −$159.8M | $47.5M | $7.1M |
| Tangible book value | $473.1M | $484.8M | $448.1M | $423.9M | $381.5M | $336.5M | $313.7M | $324.8M | $313.1M | $355.3M |
| Book value per share | $12.94 | $13.18 | $12.18 | $11.52 | $10.45 | $9.47 | $8.84 | $9.20 | $9.21 | $17.94 |
| Shares outstanding | 36.6M | 36.8M | 36.8M | 36.8M | 36.5M | 35.5M | 35.5M | 35.5M | 34.5M | 20.5M |
| Current ratio | 0.52 | 0.93 | 0.23 | 1.06 | 0.79 | 0.43 | 0.28 | 0.41 | 3.07 | 1.13 |
| Quick ratio | 0.55 | 0.87 | 0.18 | 0.69 | 0.73 | 0.40 | 0.25 | 0.40 | 2.95 | 1.09 |
| Debt / equity | 0.59 | 0.66 | 0.94 | 1.17 | 1.47 | 1.81 | 2.08 | 2.18 | 2.24 | 1.95 |
| Equity / assets | 60.2% | 57.2% | 49.3% | 44.7% | 39.5% | 34.8% | 31.7% | 30.7% | 30.2% | 33.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $59.5M | $53.0M | $41.0M | $34.7M | $77.9M | $70.0M | $68.2M | $52.0M | $35.6M | $76.2M | $73.8M | $64.9M |
| Cash & equivalents | $59.5M | $53.0M | $41.0M | $34.7M | $77.9M | $70.0M | $68.2M | $52.0M | $35.6M | $76.2M | $73.8M | $64.9M |
| Short-term investments | — | — | — | — | — | — | — | — | $5.0M | $15.6M | — | $24.0M |
| Receivables | $793,000 | $1.4M | $2.4M | $2.0M | $1.9M | $2.3M | $1.2M | $3.5M | $5.7M | $1.4M | $1.4M | $1.4M |
| Inventory | $1.2M | $1.2M | $1.2M | $0 | $937,000 | $894,000 | $894,000 | $0 | $769,000 | $751,000 | $751,000 | $23.0M |
| Other current assets | $0 | $0 | $0 | $0 | $7.4M | $0 | $11.7M | $0 | $8.3M | $11.3M | $15.1M | $16.2M |
| Total current assets | $59.5M | $53.0M | $41.0M | $36.7M | $88.1M | $72.3M | $81.9M | $55.5M | $50.4M | $89.6M | $91.0M | $105.5M |
| Property, plant & equipment (net) | $717.2M | $725.2M | $733.1M | $741.2M | $749.3M | $757.3M | $765.2M | $773.3M | $781.4M | $789.4M | $797.4M | $805.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $15.1M | $14.0M | $12.1M | $7.8M | $1.9M | $7.4M | $0 | $11.9M | $6.7M | $15.8M | $20.6M | $5.9M |
| Total assets | $791.8M | $792.3M | $786.2M | $785.7M | $839.3M | $837.0M | $847.2M | $840.7M | $838.4M | $894.8M | $908.9M | $916.8M |
| Liabilities | ||||||||||||
| Accounts payable | $11.1M | $12.3M | $12.3M | $403,000 | $13.1M | $13.2M | $13.2M | — | $12.1M | $13.8M | $13.8M | $1.4M |
| Short-term debt | — | $43.7M | $43.7M | — | — | $43.6M | — | — | $43.6M | $419.6M | — | $46.4M |
| Deferred revenue | — | $17.4M | $17.4M | — | $16.7M | $20.8M | — | — | $12.9M | $20.5M | — | $21.1M |
| Total current liabilities | $546,000 | $78.9M | $78.9M | $403,000 | $36.9M | $1.2M | $83.9M | $699,000 | $71.5M | $27.2M | $39.2M | $42.9M |
| Long-term debt | $211.5M | $0 | $233.4M | $0 | $255.2M | $0 | $277.1M | $331.6M | $342.5M | $408.0M | $0 | $431.2M |
| Lease obligations | — | — | — | — | — | — | — | — | $298.9M | — | — | — |
| Other long-term liabilities | $80.7M | $305.1M | $719,000 | $324.1M | $101.3M | $342.6M | $85.3M | $32.4M | $31.3M | $2.9M | $421.5M | $2.1M |
| Total liabilities | $292.2M | $305.1M | $313.0M | $324.1M | $393.4M | $343.8M | $362.4M | $364.7M | $374.2M | $438.1M | $460.7M | $476.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $426.4M | $413.9M | $400.0M | $388.2M | $372.6M | $366.5M | $358.1M | $349.3M | $337.5M | $329.9M | $321.4M | $313.9M |
| Total shareholders' equity | $499.6M | $487.0M | $473.1M | $461.4M | $445.9M | $493.2M | $484.8M | $476.0M | $464.2M | $456.6M | $321.5M | $440.6M |
| Key figures | ||||||||||||
| Total debt | $255.2M | $266.1M | $277.1M | $288.0M | $355.1M | $309.8M | $320.7M | $331.6M | $342.5M | $408.0M | $419.6M | $431.2M |
| Net cash (debt) | −$195.7M | −$213.1M | −$236.0M | −$253.3M | −$277.2M | −$239.8M | −$252.6M | −$279.6M | −$306.9M | −$331.8M | −$345.8M | −$366.3M |
| Working capital | $58.9M | −$25.9M | −$37.9M | $36.3M | $51.2M | $71.1M | −$2.0M | $54.8M | −$21.1M | $62.4M | $51.8M | $62.6M |
| Tangible book value | $499.6M | $487.0M | $473.1M | $461.4M | $445.9M | $493.2M | $484.8M | $476.0M | $464.2M | $456.6M | $321.5M | $440.6M |
| Book value per share | $13.73 | $13.38 | $12.99 | $12.63 | $12.19 | $13.42 | $13.18 | $12.92 | $12.61 | $12.41 | $8.74 | $11.97 |
| Shares outstanding | 36.4M | 36.4M | 36.4M | 36.5M | 36.6M | 36.7M | 36.8M | 36.8M | 36.8M | 36.8M | 36.8M | 36.8M |
| Current ratio | 108.95 | 0.67 | 0.52 | 91.07 | 2.39 | 58.68 | 0.98 | 79.42 | 0.70 | 3.29 | 2.32 | 2.46 |
| Quick ratio | 110.40 | 0.69 | 0.55 | 91.07 | 2.16 | 58.68 | 0.83 | 79.42 | 0.58 | 2.85 | 1.92 | 1.54 |
| Debt / equity | 0.51 | 0.55 | 0.59 | 0.62 | 0.80 | 0.63 | 0.66 | 0.70 | 0.74 | 0.89 | 1.30 | 0.98 |
| Equity / assets | 63.1% | 61.5% | 60.2% | 58.7% | 53.1% | 58.9% | 57.2% | 56.6% | 55.4% | 51.0% | 35.4% | 48.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 8, 2026); data from EODHD.
DLNG financial position
At the end of fiscal 2025 (December 31, 2025), Dynagas LNG Partners had total assets of $786.2 million (down 7.2% from a year earlier), total liabilities of $313.0 million and shareholders' equity of $473.1 million. It held $41.0 million in cash and short-term investments against $277.1 million of debt, net debt of $236.0 million. Its current ratio was 0.52. In the latest quarter (ended June 30, 2026) total assets were $791.8 million and equity $499.6 million.
Related: DLNG income statement, DLNG cash flow statement, DLNG key metrics. See the DLNG stock overview for the latest quote and news.
DLNG balance sheet FAQ
What are Dynagas LNG Partners's total assets?
Dynagas LNG Partners reported total assets of $786.2 million at the end of fiscal 2025 (December 31, 2025), compared with $847.2 million a year earlier.
How much debt does Dynagas LNG Partners have?
Dynagas LNG Partners had $277.1 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.59.
How much cash does Dynagas LNG Partners have?
Dynagas LNG Partners held $41.0 million in cash and short-term investments at the end of fiscal 2025; with $277.1 million of debt that is net debt of $236.0 million.
What is Dynagas LNG Partners's book value?
Dynagas LNG Partners's shareholders' equity (book value) was $473.1 million at the end of fiscal 2025, or $12.94 per share.
What is Dynagas LNG Partners's current ratio?
Dynagas LNG Partners had current assets of $41.0 million and current liabilities of $78.9 million, a current ratio of 0.52 (current liabilities exceed current assets).