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ATHENS, Greece, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (the “Partnership”) (NYSE: “DLNG”), an owner and operator of LNG carriers, today announced that its Board of Directors has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (NYSE: DLNG PR A) for the period from November 12, 2024 to February 11, 2025.
For LNG exporters like Cheniere Energy, Shell and Chevron, the removal of regulatory bottlenecks offers a pathway to unlock significant revenue streams.
More United States' exports of liquefied natural gas (LNG) to Europe along the strategies outlined by President Donald Trump will relieve tight global markets, reduce prices, and help traders diversify their sourcing, the head of German utility Uniper told Reuters.
France's TotalEnergies has further delayed its $20 billion liquefied natural gas (LNG) project in Mozambique, citing ongoing security concerns, the Financial Times reported on Wednesday.
Jack Fusco, Cheneire CEO, joins 'Money Movers' to discuss Trump's national energy emergency declaration, reasonable goals for energy production boosts, and much more.
Chart Industries' deal with Exxon Mobil highlights significant growth potential. CEO Jill Evanko emphasizes GTLS's use of its products across various industries without major modifications. The Company's strategy of retaining acquired management expertise reduces acquisition risks sharply.
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The energy sector is leading in the initial weeks of 2025 after lagging over the past two years.
Dynagas LNG Partners reinstated dividends after refinancing debt, removing constraints on capital allocation, and maintaining strong cash flows. Q3 2024 results show $19.8M operating income and $15.1M net profit, with a net debt reduction to $280M. Preferred shares offer attractive dividends. Series A has a fixed 9% yield, while Series B offers a floating rate tied to 3M SOFR.
Following its acquisition by New Fortress Energy in 2021, Golar LNG Partners has been stripped of its assets and became an empty shell. However, the parent is effectively guaranteeing Preferred Unit distributions through an irrevocable letter of support. After New Fortress Energy successfully addressed mounting debt issues, the parent is likely to honor its support commitment for the time being.