Rates
What the fleet is earning in Q3 2026 (the $0.05 is declared by the company)
| Class | Ships | Booked | At, $/day | Open days at, $/day | Blended, $/day |
|---|---|---|---|---|---|
| LNGC | 6 | — | — | 70,145 | 70,145 |
| Fleet, day-weighted | 6 | — | — | — | 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-days | 552 |
|---|---|
| Fleet TCE, $/day | 70,145 |
| Revenue (TCE basis), $m | 38.7 |
| 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, $m | 12.4 |
| 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.
| Measure | Figure | Source and date |
|---|---|---|
| Company booked | not disclosed | no booked share for 2026Q3 is on file |
| Saved forecast | none frozen | no weekly forecast for 2026Q3 was frozen before the company's first print of it |
| Market rate now | not shown | this 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
What does the fleet earn at your rates? rates in, cash out, 2026Q3
Model Your scenarioSet 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
| Class | Company earned | Booked 2026Q3 | Market now | 8 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.
2026Q3 P&L and cash
| Line | Model | Your scenario | Δ | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Vessel-days, days modelledShips on the fleet list × the quarter's calendar days for LNGC: no off-hire or drydock days are deducted there. |
552 | 552 | |||||||||
By class
| |||||||||||
| Fleet TCE, $/day | 70,145 | 70,145 | |||||||||
Revenue (TCE basis), $m modelledVessel-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, $mNo charter-in hire is on file for any quarter, so none is deducted. |
— | — | |||||||||
Interest expense, $m assumed2026Q2: $4.0m over 546 vessel-days, held per day. |
(4.1) | (4.1) | |||||||||
Scheduled debt amortisation, $m stated2026Q2: $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, $mNo separate drydock cash line on file. |
— | — | |||||||||
Cash break-even, $/day assumedΣ cash costs above ÷ vessel-days. |
47,650 | 47,650 | |||||||||
| Cushion vs fleet TCE, $/day | 22,495 | 22,495 | |||||||||
Free cash flow to equity, $m assumedRevenue − 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, $mNot 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.
| Output | Model | Your scenario | Δ |
|---|---|---|---|
| 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 scenarioSet 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
| Class | Company earned | Booked 2026Q4 | Market now | 8 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.
2026Q4 P&L and cash
| Line | Model | Your scenario | Δ | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Vessel-days, days modelledShips on the fleet list × the quarter's calendar days for LNGC: no off-hire or drydock days are deducted there. |
552 | 552 | |||||||||
By class
| |||||||||||
| Fleet TCE, $/day | 70,145 | 70,145 | |||||||||
Revenue (TCE basis), $m modelledVessel-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, $mNo charter-in hire is on file for any quarter, so none is deducted. |
— | — | |||||||||
Interest expense, $m assumed2026Q2: $4.0m over 546 vessel-days, held per day. |
(4.1) | (4.1) | |||||||||
Scheduled debt amortisation, $m stated2026Q2: $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, $mNo separate drydock cash line on file. |
— | — | |||||||||
Cash break-even, $/day assumedΣ cash costs above ÷ vessel-days. |
47,650 | 47,650 | |||||||||
| Cushion vs fleet TCE, $/day | 22,495 | 22,495 | |||||||||
Free cash flow to equity, $m assumedRevenue − 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, $mNot 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.
| Output | Model | Your scenario | Δ |
|---|---|---|---|
| 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
Dividend history
Upcoming
| Quarter | Ex-date | Forecast DPS | Actual DPS |
|---|---|---|---|
| 2026Q3 | 2026-11-13 company's date | $0.05 | $0.05 declared |
| 2026Q4 E | 2027-02-23 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.
| Period | DPS | Kind | Ex-date | Pay date | Source |
|---|---|---|---|---|---|
| 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)
| Period | DPS | Kind | Ex-date | Pay date | Source |
|---|---|---|---|---|---|
| 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
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
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.
| Class | Ships | TC | Spot | Booked share | Booked $/day | Open-day rate $/day | Fleet TCE $/day | Vessel-days | Rev $M |
|---|---|---|---|---|---|---|---|---|---|
| LNGC | 6 | — | — | — | — | — | — | 552 | — |
| Total | 6 | — | 552 | — | |||||
Current quarter — 2026Q4 (Oct–Dec)
43/92 days elapsed (47%)
| Class | Ships | TC | Spot | Booked share | Booked $/day | Market rate for 2026Q4, $/day | vs booked | Fleet TCE $/day | Rev $M |
|---|---|---|---|---|---|---|---|---|---|
| LNGC | 6 | — | — | — | — | — | — | — | — |
| Total | 6 | — | — | ||||||
Profit statement highlights
| Line | 2026Q2 | 2025Q2 | Change 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 item | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Revenue $M | 41.2 | — | — | — | — | — |
| Voyage expenses $M | 2.9 | — | — | — | — | — |
| Vessel opex $M | 8.9 | — | — | — | — | — |
| G&A $M | 2.1 | — | — | — | — | — |
| Depreciation $M | 8.0 | — | — | — | — | — |
| Interest expense, gross $M | 4.0 | — | — | — | — | — |
| Net income $M | 14.3 | — | — | — | — | — |
| Declared DPS | 0.05 | 0.05 | 0.05 | 0.05 | 0.049 | 0.049 |
Filed statements — SEC EDGAR company facts — 28 periods
| Line | FY2011 | FY2012 | H1 2013 | FY2013 | H1 2014 | FY2014 | H1 2015 | FY2015 | H1 2016 | FY2016 | H1 2017 | FY2017 | H1 2018 | FY2018 | H1 2019 | FY2019 | H1 2020 | FY2020 | H1 2021 | FY2021 | H1 2022 | FY2022 | H1 2023 | FY2023 | H1 2024 | FY2024 | H1 2025 | FY2025 | Change vs a year earlier |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52.5 | 77.5 | 42.4 | 85.7 | 41.9 | 107.1 | 71.2 | 145.2 | 85.4 | 169.9 | 71.1 | 139.0 | 64.8 | 127.1 | 62.2 | 130.9 | 68.4 | 137.2 | 67.4 | 137.7 | 66.7 | 131.7 | 74.9 | 11.6 | — | 0.0 | — | — | -100.0% |
| Operating income | 23.7 | 39.7 | 27.3 | 55.4 | 25.1 | 64.7 | 43.0 | 88.1 | 51.7 | 102.1 | 30.6 | 63.9 | 29.4 | 53.0 | 27.9 | 59.9 | 31.9 | 64.3 | 31.1 | 64.6 | 24.7 | 45.3 | 37.6 | 64.7 | 38.2 | 77.4 | 37.7 | 75.3 | -2.7% |
| Operating expenses | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net result | 18.8 | 29.8 | 22.7 | 45.6 | 21.2 | 50.6 | 29.2 | 60.0 | 34.1 | 66.9 | 7.7 | 17.3 | 5.2 | 3.6 | 2.8 | 3.6 | 13.4 | 34.1 | 25.0 | 53.3 | 35.0 | 54.0 | 24.0 | 35.9 | 22.5 | 51.6 | 27.3 | 61.6 | +19.4% |
| Declared DPS | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Full P&L grid — 4 lines × 28 periods
| Line item | FY2011 | FY2012 | H1 2013 | FY2013 | H1 2014 | FY2014 | H1 2015 | FY2015 | H1 2016 | FY2016 | H1 2017 | FY2017 | H1 2018 | FY2018 | H1 2019 | FY2019 | H1 2020 | FY2020 | H1 2021 | FY2021 | H1 2022 | FY2022 | H1 2023 | FY2023 | H1 2024 | FY2024 | H1 2025 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating revenues | 52.5 | 77.5 | 42.4 | 85.7 | 41.9 | 107.1 | 71.2 | 145.2 | 85.4 | 169.9 | 71.1 | 139.0 | 64.8 | 127.1 | 62.2 | 130.9 | 68.4 | 137.2 | 67.4 | 137.7 | 66.7 | 131.7 | 74.9 | 11.6 | — | 0.0 | — | — |
| Operating expenses | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | 23.7 | 39.7 | 27.3 | 55.4 | 25.1 | 64.7 | 43.0 | 88.1 | 51.7 | 102.1 | 30.6 | 63.9 | 29.4 | 53.0 | 27.9 | 59.9 | 31.9 | 64.3 | 31.1 | 64.6 | 24.7 | 45.3 | 37.6 | 64.7 | 38.2 | 77.4 | 37.7 | 75.3 |
| Profit for the period | 18.8 | 29.8 | 22.7 | 45.6 | 21.2 | 50.6 | 29.2 | 60.0 | 34.1 | 66.9 | 7.7 | 17.3 | 5.2 | 3.6 | 2.8 | 3.6 | 13.4 | 34.1 | 25.0 | 53.3 | 35.0 | 54.0 | 24.0 | 35.9 | 22.5 | 51.6 | 27.3 | 61.6 |
Realized fleet TCE
Realized fleet TCE versus benchmark: 1 point, 2026-04-01 to 2026-04-01; Realized fleet TCE latest $70k/day.
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
| Quarter | Report | Presentation | Dividend | Other |
|---|---|---|---|---|
| 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
- edgar 2026-11-04 6-K — Current Report (2026-11-04) summary
- edgar 2026-10-29 6-K — Current Report (2026-10-29) summary
- edgar 2026-10-29 6-K exhibit (2026-10-29) summary
- edgar 2026-10-23 6-K — Current Report (2026-10-23) summary
- edgar 2026-10-13 6-K — Current Report (2026-10-13) summary
- edgar 2026-09-10 FORM 6-K (2026-09-10) summary
- edgar 2026-09-10 FORM 6-K exhibit (2026-09-10) summary
- edgar 2026-09-09 6-K — Current Report (2026-09-09) summary
- edgar 2026-08-13 6-K — Current Report (2026-08-13) summary
- edgar 2026-07-23 6-K — Current Report (2026-07-23) summary
- edgar 2026-05-29 6-K — Current Report (2026-05-29) summary
- edgar 2026-05-11 6-K — Current Report (2026-05-11) summary