Dynagas LNG Q2 Net Income Rises 16.8% to $16.0M; $0.73B Contract Backlog Provides Visibility
DLNG sits 18% above its 52-week low of $3.27.
Summary
Dynagas LNG reported solid Q2 results with net income up 16.8% to $16.0M and a $0.73B contract backlog, but detailed significant sanctions-related risks to its Yamal Trade charters that account for over a third of revenues.
Key Events · Earnings and Guidance · DLNG
-
Q2 Net Income Rises 16.8%
Net income of $16.0 million ($0.39 per common unit) for Q2 2026, up from $13.7 million ($0.23 per unit) in Q2 2025. Adjusted EBITDA was $27.6 million.
-
Clean Energy Charter Commences
The Clean Energy began its new time charter with Rio Grande LNG in April 2026 at an improved rate, contributing to a 6.7% increase in voyage revenues to $41.2 million.
-
Contract Backlog of $0.73 Billion
Estimated contracted revenue backlog of $0.73 billion with average remaining contract term of 4.4 years. Time charter coverage is 100% for 2026, 100% for 2027, and 65% for 2028.
-
Sanctions Risk on Yamal Charters
Two vessels chartered to Yamal Trade (34.5% of H1 revenues) face EU/UK LNG ban uncertainty. Company relies on a legacy contract exemption that could be revoked or shortened by the EU Council.
Analysis · DLNG · Energy & Transportation
Dynagas LNG Partners reported Q2 2026 net income of $16.0 million, up 16.8% year-over-year, with EPS of $0.39. The Clean Energy's new charter with Rio Grande commenced in April at an improved rate, while net interest costs fell 26.9% due to continued deleveraging. The company disclosed a $0.73 billion contracted revenue backlog with 4.4 years average remaining term, providing strong cash flow visibility. However, the filing also details significant sanctions risk: two vessels chartered to Yamal Trade (34.5% of H1 revenues) face EU/UK LNG ban uncertainty, with the company relying on a legacy contract exemption that could be revoked. The UK regulations will force replacement of key service providers, adding operational risk.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30% of the 1973 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DLNG was trading at $3.86 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $140.4M. The 52-week trading range was $3.27 to $4.45. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.