15 Energy Infrastructure Stocks That Are Skyrocketing

11. Dynagas LNG Partners LP (NYSE:DLNG)

Returns in Past 6 Months: 42.12%

Number of Hedge Fund Investors: N/A

Dynagas LNG Partners LP (NYSE:DLNG) is a Greece-based company specializing in the ownership and operation of LNG carriers. The company operates a fleet of six LNG vessels that provide maritime transportation services under long-term charters. Dynagas LNG Partners LP (NYSE:DLNG) serves prominent gas companies such as Equinor, SEFE, and Yamal Trade.

The stock price of Dynagas LNG Partners LP (NYSE:DLNG) has increased significantly, driven by several key factors. One of the primary reasons for this increase is the company’s successful refinancing of its debt. Dynagas LNG Partners LP (NYSE:DLNG) was originally scheduled to pay off a significant portion of its debt in September. However, in June, the company fully repaid its previous credit facility of $408.6 million, ahead of its maturity, and completed a new lease financing agreement with China Development Bank Financial Leasing for four of its LNG carriers. By doing so the company has pushed out its debt maturity to June 2029 for three of its LNG carriers and June 2034 for one remaining vessel, with two of its LNG carriers now operating debt-free. This extension provides Dynagas LNG Partners LP (NYSE:DLNG) with greater financial flexibility and focus on growth and investment opportunities.

As of September 10, Dynagas LNG Partners LP’s (NYSE:DLNG) fleet has a contracted backlog of approximately $1.04 billion, which translates to an average of about $173 million per vessel. This backlog provides a stable and predictable revenue stream, which has helped to increase investor confidence in the company. Additionally, the company’s average remaining charter period of approximately 6.4 years provides a high level of visibility into its future cash flows, which has also contributed to the increase in stock price.