Greece's Dynagas LNG Q2 revenue rises on higher charter rates

Dynagas LNG Partners LP

08/09/2026 13:43

Overview
Greece LNG carrier owner's Q2 voyage revenues rose 6.7% yr/yr, net income up 16.8%
Adjusted EBITDA for Q2 was nearly flat yr/yr as operating expenses increased
Company notes regulatory risks from Russian sanctions may affect future vessel employment

Outlook
Dynagas LNG estimates contracted revenue backlog at $0.73 bln with average contract term of 4.4 yrs
Company has contracted time charter coverage of 100% for 2026 and 2027, 65% for 2028
Dynagas LNG says EU and UK sanctions on Russian LNG create uncertainty for future charter operations

Result Drivers
HIGHER CHARTER RATES - Co said Q2 voyage revenues rose mainly due to the Clean Energy's new time charter with Rio Grande at an improved rate
LOWER INTEREST COSTS - Net interest and finance costs fell 26.9% yr/yr due to reduced debt and lower market rates
INCREASED OPERATING EXPENSES - Vessel operating expenses rose mainly due to higher crew and scheduled engine maintenance costs

Company press release: ID:nGNX5NCn2v

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Voyage Revenues
 
$41.19 mln
 
Q2 Adjusted Net Income
 
$15.81 mln
 
Q2 Net Income
 
$15.96 mln
 
Q2 Adjusted EBITDA
 
$27.64 mln
 
Q2 Operating Income
 
$19.82 mln
 

Analyst Coverage
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 3 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)