ATHENS, Greece, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (the “Partnership”) (NYSE: DLNG), an owner of liquefied natural gas carriers, announced today that its Board of Directors has authorized a new program under which the Partnership may, from time to time, repurchase up to an aggregate of $10 million of its outstanding common units through November 24, 2026 (the “Program”). The Program replaces the Partnership’s prior common unit repurchase program, which expired on November 21, 2025. Re ...

Core Points - Dynagas LNG Partners LP held its Annual Meeting of Limited Partners on November 26, 2025, in Athens, Greece [1] - The Partnership is a master limited partnership that owns liquefied natural gas carriers employed on multi-year charters [1] - The current fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters [1] Resolutions Approved - Alexios Rodopoulos was re-elected as a Class II Director for a three-year term until the 2028 Annual Meeting of Limited Partners [3] - The appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Partnership's independent auditors for the fiscal year ending December 31, 2025, was ratified [3]

Financial Performance - Net Income for the three months ended September 30, 2025, was $18.7 million, an increase of $3.6 million or 23.8% compared to $15.1 million in the same period of 2024[22] - Adjusted Net Income for the three months ended September 30, 2025, was $14.2 million, a decrease of $0.3 million or 2.1% compared to $14.5 million in the same period of 2024[23] - The Partnership's operating income for the nine months ended September 30, 2025, was $56.5 million, compared to $58.0 million for the same period in 2024[57] - Net income for Q3 2025 was $18,655,000, an increase of 24.5% compared to $15,054,000 in Q3 2024[61] - Adjusted Net Income for the nine months ended September 30, 2025, was $43,006,000, up from $39,216,000 in the same period of 2024, reflecting a 7.1% growth[73] - Common unitholders' interest in Adjusted Net Income for Q3 2025 was $13,050,000, compared to $11,206,000 in Q3 2024, indicating a 16.4% increase[73] - Adjusted Earnings per common unit for Q3 2025 was $0.36, up from $0.30 in Q3 2024, marking a 20% rise[73] Revenue and Earnings - Voyage revenues for the three months ended September 30, 2025, were $38.9 million, a decrease of $0.2 million or 0.5% compared to $39.1 million in the same period of 2024[24] - Adjusted EBITDA for the three months ended September 30, 2025, was $27.6 million, a decrease of $1.3 million or 4.5% compared to $28.9 million in the same period of 2024[27] - Time Charter Equivalent (TCE) rate for Q3 2025 was $67,094, a decrease from $69,261 in Q3 2024[63] - Average daily hire gross of commissions was approximately $69,960 per day per vessel for the three-month period ended September 30, 2025, compared to approximately $72,800 for the same period in 2024[25] Cash Flow and Distribution - The Partnership generated net cash from operating activities of $26.5 million for the three months ended September 30, 2025, an increase of $0.9 million or 3.5% compared to $25.6 million in the same period of 2024[32] - Cash distribution of $0.050 per common unit was declared for the quarter ended September 30, 2025, representing an annualized distribution yield of approximately 5.7%[17] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $68,869,000, up from $59,703,000 in the same period of 2024[61] - Cash and cash equivalents at the end of Q3 2025 were $34,728,000, down from $52,021,000 at the end of Q3 2024[62] Assets and Liabilities - As of September 30, 2025, the Partnership reported total cash of $34.7 million, a decrease from $68.2 million as of December 31, 2024[58] - Total financial liabilities under Sale and Leaseback agreements amounted to $289.7 million as of September 30, 2025[34] - The Partnership's total assets were reported at $785.7 million, down from $847.2 million as of December 31, 2024[58] - Total liabilities decreased from $362,352,000 as of December 31, 2024, to $324,137,000 as of September 30, 2025[59] - Total partners' equity decreased from $484,801,000 as of December 31, 2024, to $461,560,000 as of September 30, 2025[59] Fleet and Utilization - The fleet maintained a utilization rate of 99.1% for the quarter ended September 30, 2025[15] - Fleet utilization remained high at 99.1% in Q3 2025, compared to 100.0% in Q3 2024[63] - The number of vessels in the fleet remained stable at 6 vessels throughout the periods reported[63] - Time charter coverage for the Partnership's fleet is estimated at 100% for 2025, 2026, and 2027[36] Other Information - The Partnership closely monitors the impact of ongoing sanctions related to the Russian war with Ukraine, which currently do not materially affect its operations[43] - The Partnership redeemed all issued and outstanding Series B Preferred Units on July 25, 2025, at a redemption price of $25.00 per unit plus accumulated distributions[14] - The Partnership redeemed all 2,200,000 Series B Preferred Units for a total payment of $55.0 million, funded by internal cash reserves[35] - The estimated contracted revenue backlog was $0.88 billion, with an average remaining contract term of 5.4 years[36] - Other income for Q3 2025 was a loss of $5,190,000, compared to a loss of $1,602,000 in Q3 2024, indicating a significant decline[73] - The partnership's definitions of Adjusted Net Income and related metrics may differ from those of other companies in the industry, which could affect comparability[75] - The partnership believes that Adjusted Net Income is useful for evaluating operating performance compared to other companies in the industry[75] - Adjusted Net Income is not recognized under U.S. GAAP and should not be considered a substitute for net income[74]

Financial Performance - Voyage Revenues for Q3 2025 were $38891 thousand, slightly up from $38613 thousand in Q2 2025 but slightly down from $39069 thousand in Q3 2024[14] - Operating Income for Q3 2025 was $18784 thousand, down from $19176 thousand in Q2 2025 and $19836 thousand in Q3 2024[14] - Net Income for Q3 2025 was $18655 thousand, up from $13709 thousand in Q2 2025 and $15054 thousand in Q3 2024[14] - Adjusted EBITDA for Q3 2025 was $27600 thousand, slightly down from $27687 thousand in Q2 2025 and $28901 thousand in Q3 2024[14] - The TCE rate for Q3 2025 was $67094, down from $67883 in Q2 2025 and $69261 in Q3 2024[14] - Cash breakeven per vessel per day for Q3 2025 was $47460, up from $41150 in Q3 2024[15] Capital Allocation and Debt - Declared a distribution to common unitholders for the third quarter of $0050 per common unit[13] - Since inception of common unit buy-back program repurchased 420236 common units at an average price of $371 per common unit as of November 20 2025[13] - The Partnership redeemed all of the issued and outstanding Series B Preferred Units on July 25 2025[13] - Debt Outstanding is $2898 million on four LNG carriers, with two vessels debt-free[31] - Total estimated contract backlog is $085 billion[32]

Financial Performance - The company reported a net income of $45.9 million for the nine months ended September 30, 2025, compared to $37.5 million for the same period in 2024, representing an increase of 22.5% [7][12][13] - For the third quarter of 2025, net income was $18.7 million, up from $15.1 million in the same quarter of 2024, marking a 23.8% increase [13][21] - Adjusted EBITDA for the third quarter was $27.6 million, a decrease of 4.5% from $28.9 million in the same quarter of 2024 [19][12] Revenue and Utilization - Voyage revenues for the third quarter of 2025 were $38.9 million, slightly down from $39.1 million in the same quarter of 2024, a decrease of 0.5% [15][12] - The fleet maintained a utilization rate of 99.1% for the third quarter of 2025, compared to 100% in the same period of 2024 [17][12] - The Time Charter Equivalent (TCE) rate was $67,094 per day, which exceeded the cash breakeven of approximately $47,500 per day [8][12] Cash Flow and Distributions - The company generated net cash from operating activities of $26.5 million for the third quarter of 2025, an increase of 3.5% from $25.6 million in the same quarter of 2024 [24][12] - A quarterly cash distribution of $0.050 per common unit was declared, representing an annualized distribution yield of approximately 5.7% [9][12] Fleet and Contracts - The company has an estimated contracted revenue backlog of $0.88 billion, with an average remaining contract term of 5.4 years [27][12] - As of September 30, 2025, the company had 100% contracted time charter coverage for its fleet for the years 2025, 2026, and 2027 [27][12] Recent Events - The company fully redeemed 2,200,000 Series B Preferred Units on July 25, 2025, for a total payment of $55 million, funded by internal cash reserves [5][26] - The company continues to monitor the impact of geopolitical events, particularly sanctions related to the ongoing conflict in Ukraine, but currently reports no material effects on its operations [32][33]

Core Viewpoint - Dynagas LNG Partners LP will release its financial results for the third quarter and nine months ended September 30, 2025, on November 20, 2025, before market opens in New York [1] Company Overview - Dynagas LNG Partners LP is a master limited partnership that owns and operates LNG carriers under multi-year charters [3] - The current fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters [3] Financial Communication - The Partnership will not host a conference call to discuss its financial results but emphasizes transparency through press releases [2] - A presentation on the third quarter financial results will be available on the Partnership's website in the Investor Relations section [2]

Core Points - Dynagas LNG Partners LP has declared a quarterly cash distribution of $0.050 per common unit for the quarter ended September 30, 2025, payable on November 14, 2025, to common unit holders of record as of November 10, 2025 [1] Company Overview - Dynagas LNG Partners LP is a master limited partnership that owns and operates LNG carriers under multi-year charters, with a current fleet of six LNG carriers and an aggregate carrying capacity of approximately 914,000 cubic meters [2]

Core Points - Dynagas LNG Partners LP has scheduled its 2025 Annual Meeting of Limited Partners for November 26, 2025, at 4:00 p.m. local time in Athens, Greece [1] - The record date for determining Limited Partners entitled to vote at the Meeting is set for October 27, 2025 [1] - The Notice of the Meeting and Proxy Statement will be mailed to Limited Partners on or about October 29, 2025, and will also be available on the U.S. Securities and Exchange Commission's website [2]

Core Points - Dynagas LNG Partners LP has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units for the period from August 12, 2025, to November 11, 2025 [1][2] - The cash distribution is payable on November 12, 2025, to all preferred unit holders of record as of November 4, 2025 [2] - This marks the forty-first sequential cash distribution on the Series A Preferred Units since they began trading on the NYSE [3] Company Overview - Dynagas LNG Partners LP is a master limited partnership that owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters [5] - The current fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters [5] - As of the date of the press release, there are 3,000,000 Series A Preferred Units outstanding [4]

Core Viewpoint - Dynagas LNG Partners LP is positioned to potentially reinstate its quarterly distribution after years of debt reduction, which could enhance the value of its units [1]. Group 1 - The company has been focused on reducing its debt over the past years, which is a critical factor for reinstating its quarterly distribution [1]. - The analyst expresses a positive outlook on the future of Bitcoin, indicating a broader interest in innovative investment opportunities [1]. Group 2 - The article reflects the author's personal opinions and does not represent any business relationship with the companies mentioned [2]. - There is a disclosure of a beneficial long position in the shares of DLNG.PR.A, indicating a vested interest in the performance of the stock [2].