Dynagas LNG Partners LP (DLNG) Income Statement
DLNG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDLNG revenue and net income
Where DLNG's revenue goes
2025Each bar shows an amount and its share of revenue. DLNG kept 39.4% of revenue as net income.
DLNG profit margins
DLNG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.1% | +6.0% | +2.7% | +0.8% |
| Gross profit | −2.6% | +15.6% | +2.7% | −1.2% |
| Operating income | −2.7% | +18.4% | +3.2% | −1.6% |
| Net income | +19.5% | +4.5% | +12.6% | +0.3% |
| EPS (diluted) | +25.9% | +40.4% | +13.5% | −1.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DLNG quarterly EPS vs estimates
Dynagas LNG Partners beat the analyst EPS estimate in 7 of the last 7 quarters. Next report: November 19, 2026 (estimate $0.34).
DLNG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $156.6M | $156.4M | $160.5M | $131.7M | $137.7M | $137.2M | $130.9M | $127.1M | $139.0M | $169.9M |
| Cost of revenue | $72.7M | $70.2M | $87.3M | $77.3M | $64.0M | $63.6M | $61.7M | $65.6M | $67.2M | $59.9M |
| Gross profit | $84.0M | $86.2M | $73.1M | $54.3M | $73.7M | $73.5M | $69.2M | $61.5M | $71.8M | $110.0M |
| Sales, general & admin | $1.8M | $2.1M | $8.4M | $2.8M | $3.1M | $2.5M | $2.7M | $2.2M | $1.7M | $1.9M |
| Total operating expenses | $8.6M | $8.7M | $8.4M | $9.0M | $9.1M | $9.3M | $9.2M | $8.6M | $7.8M | $7.9M |
| Operating income | $75.3M | $77.4M | $64.7M | $45.3M | $64.6M | $64.3M | $59.9M | $53.0M | $63.9M | $102.1M |
| Interest income | $1.3M | $2.5M | $2.6M | $829,000 | $3,000 | $221,000 | $2.3M | $1.1M | $203,000 | $0 |
| Interest expense | $20.0M | $30.0M | $39.2M | $27.9M | $21.4M | $27.1M | $51.1M | $50.5M | $46.3M | $35.0M |
| Income before taxes | $61.6M | $51.6M | $35.9M | $54.0M | $53.3M | $34.1M | $3.6M | $3.6M | $17.3M | $66.9M |
| Income taxes | — | — | $1 | −$8.7M | $11.3M | $22.8M | $56.2M | −$2.5M | $45.6M | $34.8M |
| Net income | $61.6M | $51.6M | $35.9M | $54.0M | $53.3M | $34.1M | $3.6M | $3.6M | $17.3M | $66.9M |
| EBITDA | $114.0M | $113.8M | $105.2M | $111.5M | $103.7M | $90.0M | $80.9M | $80.8M | $87.4M | $130.1M |
| EPS (diluted) | $1.41 | $1.12 | $0.39 | $0.51 | $0.88 | $0.75 | −$0.14 | $0.24 | $0.75 | $1.84 |
| Gross margin | 53.6% | 55.1% | 45.6% | 41.3% | 53.5% | 53.6% | 52.8% | 48.4% | 51.7% | 64.7% |
| Operating margin | 48.1% | 49.5% | 40.3% | 34.4% | 46.9% | 46.9% | 45.8% | 41.7% | 46.0% | 60.1% |
| Net margin | 39.4% | 33.0% | 22.4% | 41.0% | 38.7% | 24.8% | 2.8% | 2.8% | 12.5% | 39.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.8M | $39.9M | $40.0M | $38.9M | $38.6M | $39.1M | $41.7M | $39.1M | $37.6M | $38.1M | $37.0M | $48.6M |
| Cost of revenue | $19.8M | $21.2M | $19.0M | $18.0M | $17.3M | $18.4M | $12.0M | $17.0M | $16.6M | $16.6M | $17.1M | $37.1M |
| Gross profit | $22.0M | $18.8M | $21.0M | $20.9M | $21.3M | $20.7M | $29.6M | $22.1M | $21.0M | $21.5M | $19.8M | $11.5M |
| Sales, general & admin | $407,000 | $532,000 | $469,000 | $405,000 | $457,000 | $514,000 | $2.1M | $565,000 | $588,000 | $2.2M | $2.2M | $478,000 |
| Total operating expenses | $2.1M | $2.3M | $2.2M | $2.1M | $2.1M | $2.2M | $10.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.1M |
| Operating income | $19.8M | $16.5M | $18.8M | $18.8M | $19.2M | $18.5M | $19.4M | $19.8M | $18.8M | $19.3M | $17.7M | $9.4M |
| Interest expense | $3.8M | $4.0M | $4.7M | $5.3M | $5.2M | $4.9M | $6.9M | $6.3M | $8.2M | $8.7M | $9.0M | $9.2M |
| Income before taxes | $16.0M | $17.4M | $15.7M | $18.7M | $13.7M | $13.6M | $14.1M | $15.1M | $10.7M | $11.8M | $10.5M | $1.4M |
| Income taxes | — | — | — | — | — | — | — | — | $8.2M | $2 | $1 | $9.2M |
| Net income | $16.0M | $17.4M | $15.7M | $18.7M | $13.7M | $13.6M | $14.1M | $15.1M | $10.7M | $11.8M | $10.5M | $1.4M |
| EBITDA | $27.8M | $29.4M | $28.4M | $32.0M | $27.7M | $26.3M | $27.5M | $29.5M | $26.9M | $28.4M | $25.8M | $18.6M |
| EPS (diluted) | $0.39 | $0.48 | $0.43 | $0.36 | $0.25 | $0.37 | $0.32 | $0.30 | $0.25 | $0.25 | $0.20 | $0.01 |
| Gross margin | 52.6% | 47.0% | 52.5% | 53.7% | 55.2% | 53.0% | 71.1% | 56.5% | 56.0% | 56.5% | 53.7% | 23.6% |
| Operating margin | 47.5% | 41.3% | 47.0% | 48.3% | 49.7% | 47.4% | 46.6% | 50.8% | 50.0% | 50.8% | 47.8% | 19.3% |
| Net margin | 38.2% | 43.6% | 39.3% | 48.0% | 35.5% | 34.7% | 33.8% | 38.5% | 28.5% | 30.9% | 28.3% | 2.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DLNG's financial statements (latest annual report filed April 8, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DLNG financial results
In fiscal year 2025 (ended December 31, 2025), Dynagas LNG Partners reported revenue of $156.6 million, up 0.1% from the year before. It had net income of $61.6 million (up 19.5%), a net profit margin of 39.4%. Diluted earnings per share came to $1.41. Over five years revenue grew at an average rate of 2.7% a year.
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DLNG income statement FAQ
What is Dynagas LNG Partners's annual revenue?
Dynagas LNG Partners reported total revenue of $156.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 0.1% from $156.4 million the previous year.
Is Dynagas LNG Partners profitable?
Yes. Dynagas LNG Partners reported net income of $61.6 million in fiscal 2025, a net profit margin of 39.4%; its operating margin was 48.1%.
What is Dynagas LNG Partners's gross margin?
Dynagas LNG Partners's gross margin was 53.6% in fiscal 2025: for every $100 of revenue, Dynagas LNG Partners kept $54 after the direct cost of its products and services.
How fast is Dynagas LNG Partners growing?
Revenue grew 2.7% a year on average over the last five fiscal years, from $137.2 million to $156.6 million.
What are Dynagas LNG Partners's earnings per share?
Dynagas LNG Partners earned $1.41 per diluted share in fiscal 2025, compared with $1.12 a year earlier.
When will Dynagas LNG Partners report its next earnings?
Dynagas LNG Partners is expected to report results for the quarter ending September 30, 2026 on November 19, 2026 before the market opens.
When does Dynagas LNG Partners's fiscal year end?
Dynagas LNG Partners's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 8, 2026.