Dynagas LNG Partners LP
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. It owns and operates liquefied natural gas (LNG) carriers. The company's fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP. The company … Read more
Dynagas LNG Partners LP (DLNG) - Net Assets
Latest net assets as of September 2025: $461.56 Million USD
Based on the latest financial reports, Dynagas LNG Partners LP (DLNG) has net assets worth $461.56 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($785.70 Million) and total liabilities ($324.14 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $461.56 Million |
| % of Total Assets | 58.75% |
| Annual Growth Rate | 19.99% |
| 5-Year Change | 44.07% |
| 10-Year Change | 31.8% |
| Growth Volatility | 64.28 |
Dynagas LNG Partners LP - Net Assets Trend (2011–2024)
This chart illustrates how Dynagas LNG Partners LP's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dynagas LNG Partners LP (2011–2024)
The table below shows the annual net assets of Dynagas LNG Partners LP from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $484.80 Million | +8.16% |
| 2023-12-31 | $448.24 Million | +5.73% |
| 2022-12-31 | $423.93 Million | +11.13% |
| 2021-12-31 | $381.48 Million | +13.37% |
| 2020-12-31 | $336.49 Million | +7.26% |
| 2019-12-31 | $313.71 Million | -3.91% |
| 2018-12-31 | $326.49 Million | +2.57% |
| 2017-12-31 | $318.32 Million | -13.46% |
| 2016-12-31 | $367.84 Million | 0.00% |
| 2015-12-31 | $367.84 Million | +23.56% |
| 2014-12-31 | $297.70 Million | +15.52% |
| 2013-12-31 | $257.70 Million | +242.80% |
| 2012-12-31 | $75.17 Million | +65.81% |
| 2011-12-31 | $45.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dynagas LNG Partners LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $358.09 Million | 73.86% |
| Other Components | $126.71 Million | 26.14% |
| Total Equity | $484.80 Million | 100.00% |
Dynagas LNG Partners LP Competitors by Market Cap
The table below lists competitors of Dynagas LNG Partners LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CM.com NV
AS:CMCOM
|
$68.49 Million |
|
INSUN Environmental New Technology Co. Ltd
KQ:060150
|
$68.51 Million |
|
Fasadgruppen Group AB
ST:FG
|
$68.51 Million |
|
Hyloris Developmentsen Sa
BR:HYL
|
$68.51 Million |
|
ACCESSO TECHNOL.GP LS-01
F:LQG
|
$68.44 Million |
|
Grange Resources Ltd
AU:GRR
|
$68.42 Million |
|
MagnaChip Semiconductor
NYSE:MX
|
$68.37 Million |
|
The ONE Enterprise Public Company Limited
BK:ONEE-R
|
$68.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dynagas LNG Partners LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 448,138,000 to 484,801,000, a change of 36,663,000 (8.2%).
- Net income of 51,591,000 contributed positively to equity growth.
- Dividend payments of 14,781,000 reduced retained earnings.
- Share repurchases of 247,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $51.59 Million | +10.64% |
| Dividends Paid | $14.78 Million | -3.05% |
| Share Repurchases | $247.00K | -0.05% |
| Other Changes | $100.00K | +0.02% |
| Total Change | $- | 8.18% |
Book Value vs Market Value Analysis
This analysis compares Dynagas LNG Partners LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.30x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.60x to 0.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $1.51 | $3.94 | x |
| 2012-12-31 | $2.51 | $3.94 | x |
| 2013-12-31 | $33.34 | $3.94 | x |
| 2014-12-31 | $9.04 | $3.94 | x |
| 2015-12-31 | $17.94 | $3.94 | x |
| 2016-12-31 | $17.94 | $3.94 | x |
| 2017-12-31 | $9.21 | $3.94 | x |
| 2018-12-31 | $9.20 | $3.94 | x |
| 2019-12-31 | $8.84 | $3.94 | x |
| 2020-12-31 | $9.47 | $3.94 | x |
| 2021-12-31 | $10.45 | $3.94 | x |
| 2022-12-31 | $11.52 | $3.94 | x |
| 2023-12-31 | $12.18 | $3.94 | x |
| 2024-12-31 | $13.18 | $3.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dynagas LNG Partners LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.99%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.75x
- Recent ROE (10.64%) is below the historical average (15.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 41.51% | 35.82% | 0.11x | 10.68x | $14.29 Million |
| 2012 | 39.69% | 38.50% | 0.16x | 6.34x | $22.32 Million |
| 2013 | 17.70% | 53.25% | 0.18x | 1.90x | $19.85 Million |
| 2014 | 16.98% | 47.21% | 0.12x | 2.96x | $20.79 Million |
| 2015 | 16.33% | 41.36% | 0.13x | 3.01x | $23.27 Million |
| 2016 | 18.17% | 39.36% | 0.15x | 3.01x | $30.07 Million |
| 2017 | 5.45% | 12.47% | 0.13x | 3.31x | $-14.49 Million |
| 2018 | 1.11% | 2.84% | 0.12x | 3.26x | $-29.04 Million |
| 2019 | 1.15% | 2.76% | 0.13x | 3.15x | $-27.76 Million |
| 2020 | 10.12% | 24.83% | 0.14x | 2.87x | $402.20K |
| 2021 | 13.96% | 38.67% | 0.14x | 2.53x | $15.11 Million |
| 2022 | 12.74% | 41.02% | 0.14x | 2.24x | $11.62 Million |
| 2023 | 8.00% | 22.35% | 0.18x | 2.03x | $-8.94 Million |
| 2024 | 10.64% | 32.99% | 0.18x | 1.75x | $3.11 Million |
Industry Comparison
This section compares Dynagas LNG Partners LP's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dynagas LNG Partners LP (DLNG) | $461.56 Million | 41.51% | 0.70x | $68.45 Million |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |