Rates

What the fleet is earning in Q3 2026 (the $0.05 is declared by the company)

ClassShipsBookedAt, $/dayOpen days at, $/dayBlended, $/day
LNGC6 — — 70,145 70,145
Fleet, day-weighted6———70,145

Booked: the share of days Dynagas LNG Partners has fixed and the rate on them, from its own disclosures; where it prints several charters or booked spot legs for a class, the rate is our day-weighted combination of them. Open days: the rate shown for each class. Each class's sources are in the depth below.

How it adds up: daily earnings × ship-days = revenue; less the company's costs = profit; the share it pays out ÷ its shares = the dividend. $m is millions of dollars; a ship-day is one ship for one day.

Vessel-days552
Fleet TCE, $/day70,145
Revenue (TCE basis), $m38.7
Vessel opex, $m(9.0)
G&A, $m(2.2)
Interest expense, $m(4.1)
Scheduled debt amortisation, $m(11.0)
Free cash flow to equity, $m12.4
Dividend per share$0.05

The dividend follows the company's own announcement; the walk shows the cash it is set against.

Before the Q3 2026 results

The quarter ended 30 September 2026; no results date is announced. Figures as of 12 November 2026, each from its own source.

MeasureFigureSource and date
Company booked not disclosedno booked share for 2026Q3 is on file
Saved forecast none frozenno weekly forecast for 2026Q3 was frozen before the company's first print of it
Market rate now not shownthis fleet's classes are not in the rate series this page charts; "Why" names the rate each class is priced at
Last quarter reported realized TCE $70,145/day (2026Q2); declared $0.05 (2026Q3) the company's 2026Q2 results

Adjust the rates yourself · set the open-day rate per class; the P&L re-prices

Quarter:

What does the fleet earn at your rates? rates in, cash out, 2026Q3

Model Your scenario

Set a rate per vessel class and the statement below re-prices: our model’s figures in one column, yours beside them. These are your numbers, not our forecast and not company guidance; nothing you set is saved.

Latest rates

ClassCompany earnedBooked 2026Q3Market now8 weeks
LNGC · 6 $70,145 2026Q2 · fleet avg — none printed — no open $/day series

Company earned: the rate the fleet earned in its latest reported quarter (linked). A rate that covers only part of the fleet sits only on the rows it covers.

Labels in the small print: “class” or “fleet avg” is the issuer’s own print; “derived” is our revenue ÷ vessel-days; “segment avg” is one segment’s print; “fleet blend” is the issuer’s blend of its segments; “class spot” is its printed spot rate for the class, spot days only.

Booked: cover the issuer printed for 2026Q3.

Market now: the median of the broker route prints we hold for each class, our blend rather than a published index. The trend line starts at 100 eight weeks ago.

Your rates for every vessel-day

This company files vessel-days but no rate per class, so every class starts at the last reported fleet rate of $70,145/day.

LNGC 552 open days · model $70,145
of 552 vessel-days

An off-hire day earns nothing while its costs run on, so revenue falls by those days × the fleet rate. This is on top of any off-hire already in the model’s vessel-days (see the Vessel-days line below).

2026Q3 P&L and cash

LineModelYour scenarioΔ
Vessel-days, days modelled

Ships on the fleet list × the quarter's calendar days for LNGC: no off-hire or drydock days are deducted there.

552 552
By class
ClassDaysModel $/dayYours $/day
LNGC55270,14570,145
Fleet TCE, $/day 70,145 70,145
Revenue (TCE basis), $m modelled

Vessel-days × fleet TCE.

38.7 38.7
Vessel opex, $m assumed

$16,322/day, 2026Q2 as reported: no other quarter in the last year can be averaged with it.

(9.0) (9.0)
G&A, $m assumed

$3,932/day, 2026Q2 as reported: no other quarter in the last year can be averaged with it.

(2.2) (2.2)
EBITDA, $m assumed 27.5 27.5
Hire for chartered-in ships, $m

No charter-in hire is on file for any quarter, so none is deducted.

— —
Interest expense, $m assumed

2026Q2: $4.0m over 546 vessel-days, held per day.

(4.1) (4.1)
Scheduled debt amortisation, $m stated

2026Q2: $11.0m a quarter, not scaled by vessel-days (principal due as filed: a printed repayment schedule, or the current portion of debt ÷ 4).

(11.0) (11.0)
Drydock cost, $m

No separate drydock cash line on file.

— —
Cash break-even, $/day assumed

Σ cash costs above ÷ vessel-days.

47,650 47,650
Cushion vs fleet TCE, $/day 22,495 22,495
Free cash flow to equity, $m assumed

Revenue − the cash costs above: cash before capex and drydock, not an amount the company has said it pays out.

12.4 12.4
Maintenance capex, $m

Not disclosed as a cash line; not in the model’s cash.

—

Dividend policy stated

No stated payout policy on file.

The company’s own word sets this dividend; it does not move with the rate.

OutputModelYour scenarioΔ
Estimated DPS, $/share stated $0.05
vs last declared ($0.05, 2026Q3) +0%

This dividend follows the company's own announcement. The rate does not set it: your rates move the cash line, not this dividend.

Download these inputs (CSV): each class's days, booked share and rates, the statement lines and the dividend, to rebuild the estimate in a spreadsheet.

Showing the model’s own figures. Setting your own rates needs JavaScript.

What does the fleet earn at your rates? rates in, cash out, 2026Q4

Model Your scenario

Set a rate per vessel class and the statement below re-prices: our model’s figures in one column, yours beside them. These are your numbers, not our forecast and not company guidance; nothing you set is saved.

Latest rates

ClassCompany earnedBooked 2026Q4Market now8 weeks
LNGC · 6 $70,145 2026Q2 · fleet avg — none printed — no open $/day series

Company earned: the rate the fleet earned in its latest reported quarter (linked). A rate that covers only part of the fleet sits only on the rows it covers.

Labels in the small print: “class” or “fleet avg” is the issuer’s own print; “derived” is our revenue ÷ vessel-days; “segment avg” is one segment’s print; “fleet blend” is the issuer’s blend of its segments; “class spot” is its printed spot rate for the class, spot days only.

Booked: cover the issuer printed for 2026Q4.

Market now: the median of the broker route prints we hold for each class, our blend rather than a published index. The trend line starts at 100 eight weeks ago.

Your rates for every vessel-day

This company files vessel-days but no rate per class, so every class starts at the last reported fleet rate of $70,145/day.

LNGC 552 open days · model $70,145
of 552 vessel-days

An off-hire day earns nothing while its costs run on, so revenue falls by those days × the fleet rate. This is on top of any off-hire already in the model’s vessel-days (see the Vessel-days line below).

2026Q4 P&L and cash

LineModelYour scenarioΔ
Vessel-days, days modelled

Ships on the fleet list × the quarter's calendar days for LNGC: no off-hire or drydock days are deducted there.

552 552
By class
ClassDaysModel $/dayYours $/day
LNGC55270,14570,145
Fleet TCE, $/day 70,145 70,145
Revenue (TCE basis), $m modelled

Vessel-days × fleet TCE.

38.7 38.7
Vessel opex, $m assumed

$16,322/day, 2026Q2 as reported: no other quarter in the last year can be averaged with it.

(9.0) (9.0)
G&A, $m assumed

$3,932/day, 2026Q2 as reported: no other quarter in the last year can be averaged with it.

(2.2) (2.2)
EBITDA, $m assumed 27.5 27.5
Hire for chartered-in ships, $m

No charter-in hire is on file for any quarter, so none is deducted.

— —
Interest expense, $m assumed

2026Q2: $4.0m over 546 vessel-days, held per day.

(4.1) (4.1)
Scheduled debt amortisation, $m stated

2026Q2: $11.0m a quarter, not scaled by vessel-days (principal due as filed: a printed repayment schedule, or the current portion of debt ÷ 4).

(11.0) (11.0)
Drydock cost, $m

No separate drydock cash line on file.

— —
Cash break-even, $/day assumed

Σ cash costs above ÷ vessel-days.

47,650 47,650
Cushion vs fleet TCE, $/day 22,495 22,495
Free cash flow to equity, $m assumed

Revenue − the cash costs above: cash before capex and drydock, not an amount the company has said it pays out.

12.4 12.4
Maintenance capex, $m

Not disclosed as a cash line; not in the model’s cash.

—

Dividend policy pattern

No stated payout policy on file.

Dividend by declared rate held flat; it does not move with the rate, so your scenario leaves it unchanged.

OutputModelYour scenarioΔ
Estimated DPS, $/share pattern $0.05
vs last declared ($0.05, 2026Q3) +0%

This dividend follows declared rate held flat. The rate does not set it: your rates move the cash line, not this dividend.

Download these inputs (CSV): each class's days, booked share and rates, the statement lines and the dividend, to rebuild the estimate in a spreadsheet.

Showing the model’s own figures. Setting your own rates needs JavaScript.

Earnings to dividend

How we got the number

History and track record

How has it paid? dividend per share, declared · model

$0.03$0.06$0.052025Q4$0.052026Q1$0.052026Q2$0.052026Q3$0.052026Q3$0.052026Q4solid = declared · dashed = our model

Dividend history

Upcoming

QuarterEx-dateForecast DPSActual DPS
2026Q32026-11-13 company's date$0.05$0.05 declared
2026Q4 E2027-02-23 est. $0.05—

Four quarters in a row, 3 declared and 1 from our model: $0.05 Q1 2026 (declared) + $0.05 Q2 2026 (declared) + $0.05 Q3 2026 (declared) + $0.05 Q4 2026 (model) = $0.20. A sum of what was paid and what we estimate, not a forecast of the year.

PeriodDPSKindEx-datePay dateSource
2026Q3 $0.05/share regular 2026-11-13* — distribution note source, recorded 2026-11-04
2026Q2 $0.05/share regular 2026-08-24* 2026-08-28 distribution note source, recorded 2026-08-13
2026Q1 $0.05/share regular 2026-05-18* 2026-05-22 distribution note source, recorded 2026-05-11
2025Q4 $0.05/share regular 2026-02-23* 2026-02-27 distribution note source, recorded 2026-02-12
2025Q3 $0.05/share regular 2025-11-10* 2025-11-14 distribution note source, recorded 2025-10-31
2025Q2 $0.049/share regular 2025-08-25* 2025-08-29 distribution note source, recorded 2025-08-14
2025Q1 $0.049/share regular 2025-05-19* 2025-05-23 distribution note source, recorded 2025-05-09
2024Q4 $0.049/share regular 2025-02-24* 2025-02-27 distribution note source, recorded 2025-02-11
Older dividends (1 more)
PeriodDPSKindEx-datePay dateSource
2024Q3 $0.049/share regular — 2024-12-12 distribution note source

* The release printed the record date. For shares listed in the US, the ex-dividend date has been the same day as the record date since May 2024.

DPS method: the company's own announcement.

How does it compare, and what comes after?

Peers
Gas median trailing yield 5.7% on regular dividends (6 companies); Dynagas LNG Partners has no trailing yield on file. Sector dashboard →
2026Q4
$0.05 a share — our early estimate, based on its past payouts (PATTERN); ex-dividend about 23 February 2027 (estimated from its past dates).

How good have our forecasts been? track record, model vs anchor

Not yet scored: no forecast for Dynagas LNG Partners was frozen before a reported outcome.

Each quarter scores the last weekly forecast frozen before the results or the dividend were published, beside the anchor: a simple estimate from the company's own booked rate and payout ratio (how it is built). Every company, by dividend path.

How have rates, the dividend and the price moved? market context

Dividend — declared and forecast

forecast →
0
0.03
0.05
2025Q4
2026Q1
2026Q2
2026Q3
2026Q4
2025Q4 ex 2026-02-23 · rec 2026-02-23 · pay 2026-02-27 2026Q1 ex 2026-05-18 · rec 2026-05-18 · pay 2026-05-22 2026Q2 ex 2026-08-24 · rec 2026-08-24 · pay 2026-08-28 2026Q3 ex 2026-11-13 · rec 2026-11-13

Solid bars are declared distributions. Dashed-outline bars are the model estimate. Model estimate, not issuer guidance.

Fleet and costs

What has the company reported? financials and fleet

Latest quarter 2026Q2

Fleet
6
Realized TCE
$70,145/day 2026Q2
Declared DPS
$0.05 2026Q3
TTM DPS (declared for the period)
$0.20
Coverage
—
Revenue
$41.2M
Opex
$8.9M
Net income
$14.3M

6× LNGC fleet now

Fleet, ship by ship

No ship-by-ship fleet list is on file for Dynagas LNG Partners.

Fleet model — 2026Q3

Fleet model estimate, not issuer guidance.

ClassShipsTCSpotBooked shareBooked $/dayOpen-day rate $/dayFleet TCE $/dayVessel-daysRev $M
LNGC6—— — — — — 552 —
Total6 — 552 —
Expected DPS
$0.05/share
Annualized
$0.20/yr

Current quarter — 2026Q4 (Oct–Dec)

43/92 days elapsed (47%)

ClassShipsTCSpotBooked shareBooked $/dayMarket rate for 2026Q4, $/dayvs bookedFleet TCE $/dayRev $M
LNGC6—— — — — — — —
Total6 — —

Profit statement highlights

Line2026Q22025Q2Change vs a year earlier
Revenue $41.2M — —
Opex $8.9M — —
Net income $14.3M — —

reconciliation: insufficient data for an earnings bridge (2026Q2) earnings bridge incomplete: treat income-derived figures as provisional

Full P&L grid — 6 quarters
Line item2026Q22026Q12025Q42025Q32025Q22025Q1
Revenue $M41.2—————
Voyage expenses $M2.9—————
Vessel opex $M8.9—————
G&A $M2.1—————
Depreciation $M8.0—————
Interest expense, gross $M4.0—————
Net income $M14.3—————
Declared DPS0.050.050.050.050.0490.049
Filed statements — SEC EDGAR company facts — 28 periods
LineFY2011FY2012H1 2013FY2013H1 2014FY2014H1 2015FY2015H1 2016FY2016H1 2017FY2017H1 2018FY2018H1 2019FY2019H1 2020FY2020H1 2021FY2021H1 2022FY2022H1 2023FY2023H1 2024FY2024H1 2025FY2025Change vs a year earlier
Revenue 52.577.542.485.741.9107.171.2145.285.4169.971.1139.064.8127.162.2130.968.4137.267.4137.766.7131.774.911.6—0.0—— -100.0%
Operating income 23.739.727.355.425.164.743.088.151.7102.130.663.929.453.027.959.931.964.331.164.624.745.337.664.738.277.437.775.3 -2.7%
Operating expenses ———————————————————————————— —
Net result 18.829.822.745.621.250.629.260.034.166.97.717.35.23.62.83.613.434.125.053.335.054.024.035.922.551.627.361.6 +19.4%
Declared DPS ———————————————————————————— —
Full P&L grid — 4 lines × 28 periods
Line itemFY2011FY2012H1 2013FY2013H1 2014FY2014H1 2015FY2015H1 2016FY2016H1 2017FY2017H1 2018FY2018H1 2019FY2019H1 2020FY2020H1 2021FY2021H1 2022FY2022H1 2023FY2023H1 2024FY2024H1 2025FY2025
Operating revenues52.577.542.485.741.9107.171.2145.285.4169.971.1139.064.8127.162.2130.968.4137.267.4137.766.7131.774.911.6—0.0——
Operating expenses————————————————————————————
Operating income23.739.727.355.425.164.743.088.151.7102.130.663.929.453.027.959.931.964.331.164.624.745.337.664.738.277.437.775.3
Profit for the period18.829.822.745.621.250.629.260.034.166.97.717.35.23.62.83.613.434.125.053.335.054.024.035.922.551.627.361.6

Realized fleet TCE

Realized fleet TCE versus benchmark: 1 point, 2026-04-01 to 2026-04-01; Realized fleet TCE latest $70k/day.

USD/dayRealized fleet TCE60,00065,00070,00075,00080,000Mar 17Mar 24Mar 31Apr 07Apr 1470,145
Source: the TCE the company reported each quarter. Data to Q2 2026.

Benchmark comparison will appear once issuer-printed benchmark data is available.

Sources

Questions

What is Dynagas LNG Partners' next dividend?
Dynagas LNG Partners has declared $0.05 a share for Q3 2026.
How accurate are these estimates?
Every week our estimate for each open quarter is frozen, and it is scored against the dividend the company then declares. All scored forecasts, misses included, are on the track record page. Track record.

What has the company said? guidance and sources

Sources — press, filings & documents (62)

Press & filings by quarter — the quarter a document reports on (as its title names it; an unnamed results release, the quarter before it was filed); anything else, the quarter it was published

QuarterReportPresentationDividendOther
2026Q4 6-K, 6-K exhibit — — —
2026Q3 FORM 6-K, FORM 6-K exhibit, 6-K — — —
2026Q2 6-K, FORM 20-F — — —
2026Q1 6-K — — —
2025Q4 6-K, 6-K exhibit — — —
2025Q3 FORM 6-K, FORM 6-K exhibit, 6-K — — —
2025Q2 6-K, FORM 20-F — — —
2025Q1 6-K — — —
2024Q4 6-K, 6-K exhibit — — —
2024Q3 FORM 6-K, FORM 6-K exhibit, 6-K — — —
2024Q2 6-K, FORM 20-F — — —
2024Q1 6-K — — —

Recent documents