Dynagas LNG Partners LP (DLNG) Key Metrics
DLNG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $120.1M
- Enterprise value
- $326.0M
- P/E (TTM)
- 2.0 10-yr median 3.4
- Forward P/E
- 23.7
- PEG ratio
- 17.02
- Price / sales
- 0.8 10-yr median 0.8
- Price / book
- 0.3 10-yr median 0.3
- EV / EBITDA
- 2.8 10-yr median 6.7
- Dividend yield
- 6.06% $0.20 a year
- Beta
- 0.54
DLNG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDLNG valuation Price multiples at each fiscal year-end price.
DLNG returns How much profit the business earns on the capital it uses.
DLNG per-share figures Results divided by the shares outstanding at year-end.
DLNG financial health Debt, liquidity and how easily interest is covered.
DLNG efficiency & capital use Working capital cycle and where the cash goes.
DLNG valuation history
DLNG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DLNG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DLNG cash returned to shareholders
DLNG price vs earnings per share
DLNG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $137.8M | $200.1M | $103.0M | $96.4M | $105.5M | $88.9M | $74.9M | $119.6M | $375.2M | $327.7M |
| Enterprise value | $373.9M | $452.7M | $448.9M | $544.9M | $619.9M | $671.6M | $711.9M | $722.5M | $1.02B | $986.5M |
| P/E ratio | 2.2 | 3.9 | 2.9 | 1.8 | 2.0 | 2.6 | 20.7 | 33.1 | 21.6 | 4.9 |
| Price / sales | 0.9 | 1.3 | 0.6 | 0.7 | 0.8 | 0.6 | 0.6 | 0.9 | 2.7 | 1.9 |
| Price / book | 0.3 | 0.4 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.4 | 1.2 | 0.9 |
| Price / free cash flow | 1.5 | 2.2 | 1.7 | 1.8 | 1.3 | 1.3 | 1.7 | 2.8 | 6.3 | 5.0 |
| Price / operating cash flow | 1.5 | 2.2 | 1.6 | 1.7 | 1.3 | 1.3 | 1.7 | 2.8 | 6.3 | 3.2 |
| EV / sales | 2.4 | 2.9 | 2.8 | 4.1 | 4.5 | 4.9 | 5.4 | 5.7 | 7.4 | 5.8 |
| EV / EBITDA | 3.3 | 4.0 | 4.3 | 4.9 | 6.0 | 7.5 | 8.8 | 8.9 | 11.7 | 7.6 |
| EV / free cash flow | 4.1 | 4.9 | 7.5 | 10.1 | 7.8 | 9.8 | 16.5 | 17.0 | 17.2 | 14.9 |
| Earnings yield | 44.7% | 25.8% | 34.8% | 56.0% | 50.5% | 38.3% | 4.8% | 3.0% | 4.6% | 20.4% |
| Free cash flow yield | 65.5% | 46.0% | 58.4% | 55.7% | 75.4% | 77.2% | 57.6% | 35.6% | 15.8% | 20.2% |
| Dividend yield | 52.2% | 7.4% | 11.2% | 12.0% | 11.0% | 13.0% | 21.9% | 40.5% | 17.8% | 20.4% |
| Shareholder yield (dividends + buybacks) | 53.1% | 7.5% | 11.2% | 12.0% | 11.0% | 13.0% | 21.9% | 40.5% | 17.9% | 20.4% |
| Share price at fiscal year-end | $3.77 | $5.44 | $2.80 | $2.62 | $2.89 | $2.50 | $2.11 | $3.37 | $10.86 | $15.98 |
| Per share | ||||||||||
| Revenue per share | $4.28 | $4.25 | $4.36 | $3.58 | $3.77 | $3.86 | $3.69 | $3.58 | $4.02 | $8.28 |
| Earnings per share | $1.69 | $1.40 | $0.97 | $1.47 | $1.46 | $0.96 | $0.10 | $0.10 | $0.50 | $3.26 |
| Operating cash flow per share | $2.47 | $2.51 | $1.75 | $1.56 | $2.18 | $1.93 | $1.22 | $1.21 | $1.72 | $5.05 |
| Free cash flow per share | $2.47 | $2.50 | $1.63 | $1.46 | $2.18 | $1.93 | $1.22 | $1.20 | $1.72 | $3.23 |
| Cash per share | $1.12 | $1.85 | $2.00 | $1.32 | $1.30 | $0.70 | $0.46 | $3.10 | $1.95 | $2.81 |
| Book value per share | $12.94 | $13.18 | $12.18 | $11.52 | $10.45 | $9.47 | $8.84 | $9.20 | $9.21 | $17.94 |
| Tangible book value per share | $12.94 | $13.18 | $12.18 | $11.52 | $10.45 | $9.47 | $8.84 | $9.15 | $9.06 | $17.33 |
| Dividends per share | $1.97 | $0.40 | $0.31 | $0.31 | $0.32 | $0.33 | $0.46 | $1.36 | $1.94 | $3.26 |
| Capex per share | $2.47 | $0.00 | $0.12 | $0.10 | $0.10 | $0.10 | $0.10 | $0.01 | $0.01 | $1.83 |
| Debt per share | $7.58 | $8.72 | $11.40 | $13.51 | $15.39 | $17.10 | $18.40 | $20.08 | $20.68 | $34.94 |
| Shares outstanding | 36.6M | 36.8M | 36.8M | 36.8M | 36.5M | 35.5M | 35.5M | 35.5M | 34.5M | 20.5M |
| Change in shares outstanding | −0.6% | −0.1% | 0.0% | +0.8% | +2.7% | +0.2% | 0.0% | +2.7% | +68.5% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.9% | 11.1% | 8.2% | 13.4% | 14.8% | 10.5% | 1.1% | 1.1% | 5.1% | 18.2% |
| Return on invested capital (ROIC) | 8.2% | 8.0% | 7.8% | 5.1% | 5.6% | 3.4% | 3.2% | 5.6% | 3.2% | 5.0% |
| Return on assets (ROA) | 7.5% | 5.9% | 3.9% | 5.6% | 5.5% | 3.5% | 0.4% | 0.3% | 1.6% | 6.0% |
| Return on tangible assets | 7.8% | 6.1% | 3.9% | 5.7% | 5.5% | 3.5% | 0.4% | 0.3% | 1.7% | 6.1% |
| Free cash flow margin | 57.6% | 58.9% | 37.5% | 40.8% | 57.8% | 50.0% | 33.0% | 33.5% | 42.7% | 38.9% |
| Income quality (OCF / net income) | 1.46 | 1.79 | 1.80 | 1.06 | 1.49 | 2.01 | 11.95 | 11.90 | 3.42 | 1.55 |
| Financial health | ||||||||||
| Total debt | $277.1M | $320.7M | $419.6M | $497.0M | $562.0M | $607.7M | $653.2M | $712.8M | $714.4M | $716.4M |
| Cash & short-term investments | $41.0M | $68.2M | $73.8M | $48.6M | $47.6M | $25.0M | $16.2M | $109.9M | $67.5M | $57.6M |
| Net debt | $236.0M | $252.6M | $345.8M | $448.4M | $514.4M | $582.7M | $636.9M | $602.9M | $646.9M | $658.8M |
| Debt / equity | 0.59 | 0.66 | 0.94 | 1.17 | 1.47 | 1.81 | 2.08 | 2.18 | 2.24 | 1.95 |
| Debt / assets | 0.35 | 0.38 | 0.46 | 0.52 | 0.58 | 0.63 | 0.66 | 0.67 | 0.68 | 0.65 |
| Net debt / EBITDA | 2.07 | 2.22 | 3.29 | 4.02 | 4.96 | 6.47 | 7.87 | 7.46 | 7.40 | 5.06 |
| Current ratio | 0.52 | 0.93 | 0.23 | 1.06 | 0.79 | 0.43 | 0.28 | 0.41 | 3.07 | 1.13 |
| Quick ratio | 0.50 | 0.92 | 0.23 | 1.04 | 0.77 | 0.42 | 0.27 | 0.41 | 3.04 | 1.12 |
| Interest coverage | 3.8 | 2.6 | 1.7 | 1.6 | 3.0 | 2.4 | 1.2 | 1.0 | 1.4 | 2.9 |
| Working capital | −$37.9M | −$5.7M | −$353.7M | $4.0M | −$13.8M | −$35.7M | −$46.5M | −$159.8M | $47.5M | $7.1M |
| Invested capital | $709.1M | $737.4M | $794.0M | $872.4M | $895.9M | $919.2M | $950.7M | $929.4M | $965.2M | $1.03B |
| Tangible asset value | $473.2M | $484.8M | $448.2M | $423.9M | $381.5M | $336.5M | $313.7M | $324.7M | $313.1M | $355.3M |
| Net current asset value | −$272.0M | −$284.2M | −$355.6M | −$449.6M | −$532.8M | −$602.2M | −$657.3M | −$624.0M | −$665.6M | −$678.6M |
| Graham number | $22.16 | $20.39 | $16.34 | $19.50 | $18.52 | $14.28 | $4.50 | $4.59 | $10.20 | $36.28 |
| Graham net-net per share | −$7.37 | −$7.88 | −$10.36 | −$12.90 | −$14.68 | −$16.98 | −$18.56 | −$17.65 | −$19.34 | −$33.20 |
| Capital allocation | ||||||||||
| Dividends paid | $71.9M | $14.8M | $11.6M | $11.6M | $11.6M | $11.6M | $16.4M | $48.4M | $66.9M | $66.9M |
| Share buybacks (net) | $1.3M | $247,000 | $0 | $0 | — | — | $0 | $0 | $145,000 | $119,000 |
| Dividend payout ratio | 116.6% | 28.7% | 32.2% | 21.4% | 21.7% | 34.0% | 453.7% | — | 385.6% | 100.0% |
| Dividends + buybacks / free cash flow | 81.1% | 16.3% | 19.2% | 21.5% | 14.5% | 16.9% | 38.0% | 113.7% | 112.9% | 101.3% |
| Capex / revenue | 57.6% | 0.0% | 2.6% | 2.8% | 2.6% | 2.7% | 2.8% | 0.3% | 0.3% | 22.1% |
| Capex / operating cash flow | 100.0% | 0.0% | 6.6% | 6.3% | 4.6% | 5.3% | 8.4% | 1.0% | 0.7% | 36.2% |
| Capex / depreciation | 2.80 | 0.00 | 0.13 | 0.11 | 0.11 | 0.11 | 0.12 | 0.01 | 0.01 | 1.23 |
| SG&A / revenue | 1.2% | 1.4% | 5.2% | 2.1% | 2.3% | 1.8% | 2.1% | 1.7% | 1.2% | 1.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 8.7 | 13.9 | 7.8 | 0.2 | 0.6 | 0.7 | 0.3 | 0.3 | 0.3 | 0.2 |
| Days of inventory on hand | 5.3 | 4.3 | 3.4 | 4.2 | 4.9 | 4.4 | 5.7 | 5.6 | 4.4 | 3.6 |
| Days payables outstanding | 64.0 | 70.1 | 45.7 | 32.3 | 28.6 | 28.3 | 33.2 | 28.5 | 20.5 | 24.4 |
| Cash conversion cycle (days) | -50.1 | -52.0 | -34.4 | -27.9 | -23.1 | -23.2 | -27.2 | -22.6 | -15.7 | -20.5 |
| Receivables turnover | 42.06 | 26.32 | 46.81 | 1,677.16 | 581.21 | 520.55 | 1,370.69 | 1,252.56 | 1,090.12 | 1,673.41 |
| Payables turnover | 5.70 | 5.20 | 8.00 | 11.30 | 12.77 | 12.89 | 10.99 | 12.82 | 17.79 | 14.99 |
| Inventory turnover | 69.31 | 85.40 | 106.78 | 86.21 | 74.56 | 83.38 | 63.72 | 64.98 | 82.30 | 101.33 |
| Asset turnover | 0.19 | 0.18 | 0.17 | 0.14 | 0.14 | 0.14 | 0.13 | 0.12 | 0.13 | 0.15 |
| Average receivables | $3.7M | $5.9M | $3.4M | $78,500 | $237,000 | $263,500 | $95,500 | $101,500 | $127,500 | $101,500 |
| Average payables | $12.7M | $13.5M | $10.9M | $6.8M | $5.0M | $4.9M | $5.6M | $5.1M | $3.8M | $4.0M |
| Average inventory | $1.0M | $822,500 | $818,000 | $897,000 | $858,500 | $763,000 | $969,000 | $1.0M | $816,500 | $591,000 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.5% | 1.1% |
Computed from DLNG's annual financial statements (latest annual report filed April 8, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DLNG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Dynagas LNG Partners traded at 2.2 times earnings, against a 10-year median of 3.4. Based on the latest twelve months, the trailing P/E is 2.0 and the forward P/E is 23.7. Dynagas LNG Partners earned a return on equity of 12.9% and a return on invested capital of 8.2% in fiscal 2025. It ended the year with $277.1 million of debt and $41.0 million in cash and short-term investments, net debt of $236.0 million. It returned $73.2 million to shareholders: $71.9 million in dividends and $1.3 million in share buybacks, 81% of free cash flow. The share count rose 78.3% from 20.5M to 36.6M over 9 years.
See the DLNG income statement, the DLNG chart for price history, or the DLNG stock overview for the latest quote and news.
DLNG key metrics FAQ
What is Dynagas LNG Partners's P/E ratio?
Dynagas LNG Partners's trailing P/E ratio is 2.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 23.7. At the end of fiscal 2025 it was 2.2, compared with a 10-year median of 3.4.
What is Dynagas LNG Partners's EV/EBITDA?
Dynagas LNG Partners's enterprise value was 3.3 times EBITDA at the end of fiscal 2025 (enterprise value $373.9 million, EBITDA $114.0 million); the current EV/EBITDA is 2.8.
What is Dynagas LNG Partners's return on equity?
Dynagas LNG Partners's return on equity (ROE) was 12.9% in fiscal 2025: net income of $61.6 million on average shareholders' equity of $478.9 million.
What is Dynagas LNG Partners's ROIC?
Dynagas LNG Partners's return on invested capital was 8.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Dynagas LNG Partners have?
Dynagas LNG Partners had total debt of $277.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.59 and $236.0 million of net debt (2.07 times EBITDA).
What is Dynagas LNG Partners's dividend yield?
Dynagas LNG Partners's forward dividend yield is 6.06%. Dynagas LNG Partners paid $71.9 million in dividends in fiscal 2025 ($1.97 per share), a payout ratio of 116.6%.
Does Dynagas LNG Partners buy back its shares?
Yes. Dynagas LNG Partners spent $1.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.6% over the year, to 36.6M..
What is Dynagas LNG Partners's free cash flow yield?
Dynagas LNG Partners generated $90.3 million of free cash flow in fiscal 2025, a free cash flow yield of 65.5% on its market value at year-end ($137.8 million).
What is Dynagas LNG Partners's current ratio?
Dynagas LNG Partners's current ratio was 0.52 at the end of fiscal 2025: current assets were 0.52 times current liabilities.