ATHENS, Greece, May 27, 2025 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (the “Partnership”), an owner and operator of liquefied natural gas (“LNG”) carriers, today announced its results for the three months ended March 31, 2025. Quarter Highlights: Net Income and Earnings per common unit (basic and diluted) of $13.6 million and $0.28, respectively;Adjusted Net Income(1) of $14.3 million and Adjusted Earnings per common unit(1) (basic and diluted) of $0.30;Adjusted EBITDA(1) of $27.1 million; ...

ATHENS, Greece, May 21, 2025 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“Dynagas Partners” or the “Partnership”), an owner and operator of LNG carriers, today announced that it will release its financial results for the first quarter ended March 31, 2025, before market opens in New York on Tuesday, May 27, 2025. The Partnership will not host a conference call to present its results for the three-month period. However, Dynagas LNG Partners remains committed to providing full transparency thr ...

Company Overview - Dynagas LNG Partners LP is a master limited partnership that owns and operates LNG carriers under multi-year charters [2] - The current fleet consists of six LNG carriers with a total carrying capacity of approximately 914,000 cubic meters [2] Financial Announcement - The Board of Directors has declared a quarterly cash distribution of $0.049 per unit for the quarter ended March 31, 2025 [1] - This cash distribution is scheduled to be payable on or about May 23, 2025, to unit holders of record as of May 19, 2025 [1]

Natural Gas Consumption and Production - Global natural gas consumption is projected to increase by 2.8% year over year in 2024, primarily driven by higher power consumption [313]. - Natural gas consumption in the Asia-Pacific, Middle East, and Africa regions has increased nearly 1.3 times from 2014 to 2024 [314]. - Worldwide natural gas reserves are estimated at 188.1 trillion cubic meters, sufficient for nearly 46 years of supply at current consumption rates [313]. - Natural gas' share of total global primary energy consumption has increased from 18.1% in 1970 to 25.4% in 2024 [308]. - The level of carbon dioxide emissions from natural gas power generation is 50 to 60 percent lower than that from coal-fired power plants [312]. - U.S. domestic gas production has exceeded consumption for much of the year, potentially reducing future import rates [318]. - The geographical disparity between natural gas production and consumption has stimulated international trade in natural gas [316]. LNG Production and Trade - LNG production capacity is set to expand significantly, with 193.9 million tons currently under construction and 353.1 million tons planned [325]. - World trade in LNG has risen from 243.3 million tons in 2014 to an estimated 412.4 million tons in 2024 [329]. - The US LNG exports surged from 3.2 million tons in 2016 to 89.4 million tons in 2024, benefiting from new liquefaction terminals [335]. - Australia became the second largest LNG exporter in 2023, constituting 19.7% of global LNG exports, while the US maintained its position as the largest exporter with 21.5% [333]. - Qatar's North Field Expansion project aims to add 65 million tons per annum (mtpa) of liquefaction capacity, increasing total capacity to 142 mtpa by 2024 [334]. - Russian LNG exports increased by 8.7% in 2024, despite sanctions, supported by supply to Europe, with Belgium, France, and Spain as major markets [336]. - The number of LNG importing countries rose from 34 in 2010 to 45 by December 2024, indicating a growing global market [338]. - Japan, South Korea, and China accounted for 45% of total LNG imports as of the end of 2023, although their share has declined from 53% in 2021 [339]. - China's LNG imports grew from 0.7 million tons in 2006 to 76.8 million tons in 2024, becoming the largest LNG importer in 2023 [340]. - LNG imports in China surged by 41% year-on-year in 2018, driven by government policies to increase natural gas usage [341]. - The US LNG exports to Europe accounted for over 66% in 2023, a significant shift from previous years when Asia was the largest importer [335]. Environmental Regulations and Compliance - The EU's "Fit for 55" proposals include an emissions trading scheme for ships above 5,000 gross tonnage, which commenced in 2024 [382]. - The new FuelEU regulation requires compliance with greenhouse gas intensity limits for ships above 5,000 gross tonnage starting January 1, 2025 [382]. - The IMO implemented global emission control regulations effective January 1, 2020, allowing LNG as an alternative fuel with sulfur content below 0.1% [380]. - The IMO aims for net-zero emissions from international shipping by 2050, with enhanced targets for alternative zero and near-zero GHG fuels by 2030 [448]. - Compliance with revised standards may incur significant costs, including the installation of emission control systems [449]. - The BWM Convention requires ships to manage ballast water to prevent the introduction of invasive species, with compliance deadlines set for September 8, 2024 [462]. - The cost of compliance with ballast water treatment requirements may materially affect ocean carriers' operations [463]. Shipping and Fleet Dynamics - The global LNG fleet totaled 774 ships with a combined capacity of 116.7 million cbm as of February 28, 2025, with a CAGR of 7.2% in fleet capacity from 2014 to 2024 [397][399]. - The average age of the LNG fleet is 10.5 years, with older vessels facing challenges in employment due to EEXI and CII regulations, which may require speed reductions [404][407]. - Spot rates for LNG vessels peaked in 2022 due to increased European LNG imports, but have since normalized and reached a five-year low in 2024 due to high inventory levels and increased fleet growth [415][419]. - Seasonal demand for LNG typically increases in winter months, but the industry has become less dependent on seasonal transport compared to a decade ago [432]. - The introduction of Arc 7 LNG vessels will enable faster shipping routes to Asia, reducing voyage time from 30 days via the Suez Canal to 15 days through the Bering Strait [376]. Financial and Insurance Aspects - The company maintains pollution liability coverage insurance of $1.0 billion per incident for each vessel [478]. - The average deductible for hull and machinery insurance per vessel is $250,000, increasing to $500,000 when trading outside Institute Warrantee Limits [501]. - The company has loss of hire insurance that covers loss of income for up to 180 days if a vessel is out of service due to damage covered by hull and machinery insurance [502]. - Current protection and indemnity insurance coverage for pollution is $1 billion per vessel per incident [503]. - The International Group insures approximately 90% of the world's commercial tonnage and has a pooling agreement for claims in excess of $10 million up to approximately $8.9 billion [503]. Company Overview - Dynagas was formed on May 30, 2013, as a Marshall Islands limited partnership for owning, operating, and acquiring LNG carriers [504]. - Dynagas owns a 100% limited partner interest in Dynagas Operating LP, which owns a 100% interest in its Fleet [504]. - Dynagas does not own any real property [506].

Financial Performance Overview - For the three months ended December 31, 2024, the company reported a net income of $14.1 million, an increase of 34.3% compared to $10.5 million in the same period of 2023 [14] - Adjusted net income for the same period was $15.0 million, reflecting a 45.6% increase from $10.3 million in the prior year [15] - Voyage revenues for Q4 2024 were $41.7 million, up 12.7% from $37.0 million in Q4 2023, primarily due to increased revenues from the Arctic Aurora [16] Operational Metrics - The company achieved 100% fleet utilization during the three-month periods ended December 31, 2024, and 2023 [17] - Average daily hire gross of commissions was approximately $71,460 per day per vessel for Q4 2024, compared to $70,000 in Q4 2023 [17] - Vessel operating expenses decreased to $8.1 million in Q4 2024, with a daily rate per vessel of $14,732, down from $8.4 million and $15,172 in Q4 2023 [18] Cash Flow and Liquidity - The company generated net cash from operating activities of $32.5 million in Q4 2024, a 60.9% increase from $20.2 million in Q4 2023 [24] - As of December 31, 2024, total cash was reported at $68.2 million, with outstanding financial liabilities under sale and leaseback agreements totaling approximately $320.7 million [25] Debt and Financial Leverage - Following the refinancing of outstanding debt in June 2024, the company improved its financial leverage, with two vessels now debt-free and reduced annual debt amortization of $44 million [9] - There are no debt maturities until 2029, and contracted cash flows are above the cash breakeven point [9] Future Outlook - The company has a contract backlog estimated at approximately $1.0 billion, with an average remaining contract term of 5.9 years [9][26] - All six LNG carriers in the fleet are under long-term charters with international gas companies, ensuring stable revenue streams [9]

Company Overview - Dynagas LNG Partners LP is a master limited partnership that owns and operates LNG carriers employed on 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 Results Announcement - The company will release its financial results for the fourth quarter ended December 31, 2024, before market opens in New York on March 6, 2025 [1] - There will be no conference call to present the results, but the company emphasizes transparency through its press release [2] Investor Relations - Stakeholders are encouraged to reach out with specific questions regarding financial performance [2] - A presentation on the fourth quarter financial results will be available on the company's website under the Presentations section of its Investor Relations page [2]

Company Overview - Dynagas LNG Partners LP is a master limited partnership that owns and operates LNG carriers under multi-year charters [2] - The current fleet consists of six LNG carriers with a total carrying capacity of approximately 914,000 cubic meters [2] Financial Announcement - The Board of Directors has declared a quarterly cash distribution of $0.049 per unit for the quarter ended December 31, 2024 [1] - This cash distribution is scheduled to be payable on or about February 27, 2025, to all unit holders of record as of February 24, 2025 [1]

Core Points - Dynagas LNG Partners LP has declared a cash distribution of $0.677286319 per unit on its Series B Preferred Units for the period from November 22, 2024, to February 23, 2025 [1][2] - The distribution rate for this period is 10.375450%, calculated as the sum of the Credit Adjusted Three-Month CME Term SOFR of 4.782450% plus a spread of 5.593% [2] - The cash distribution is payable on February 24, 2025, to all Series B Preferred Unitholders of record as of February 14, 2025 [2][3] Distribution Details - Distributions on the Series B Preferred Units are payable quarterly in arrears on the 22nd day of February, May, August, and November, contingent upon declaration by the Board of Directors [3] - This marks the twenty-fifth sequential cash distribution on the Series B Preferred Units since they began trading on the NYSE [3] - As of the date of the press release, there are 2,200,000 Series B Preferred Units outstanding [4] Company Overview - Dynagas LNG Partners LP is a master limited partnership that owns and operates 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]

Core Viewpoint - The article emphasizes the importance of identifying and sustaining price trends in short-term investing, highlighting the potential of stocks like Dynagas LNG (DLNG) that show strong upward momentum backed by solid fundamentals [1][2]. Group 1: Stock Performance - Dynagas LNG (DLNG) has experienced a significant price increase of 34.6% over the past 12 weeks, indicating strong investor interest and potential upside [3]. - Currently, DLNG is trading at 96.5% of its 52-week high-low range, suggesting it may be on the verge of a breakout [4]. - The stock has also seen a price increase of 10.9% over the past four weeks, reinforcing the ongoing positive trend [9]. Group 2: Ratings and Recommendations - DLNG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [10]. - The average broker recommendation for DLNG is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [11]. Group 3: Investment Strategies - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like DLNG that are on an upward trend supported by strong fundamentals [2][8]. - There are over 45 Zacks Premium Screens available for investors to find stocks that align with their personal investing styles and strategies [6].

Fleet and Revenue - Dynagas LNG Partners LP's fleet consists of six LNG carriers with an average age of approximately 14.1 years, all currently employed or contracted on multi-year time charters[11]. - The estimated contracted revenue backlog of the fleet is approximately $1.03 billion, with an average remaining contract duration of about 6.4 years[11]. - Estimated contracted time charter revenues for the remaining period of 2024 are projected at $43.7 million, with contracted days of 618[14]. - For the year ending December 31, 2025, estimated contracted time charter revenues are projected at $153.9 million, with contracted days of 2,190[14]. - Voyage revenues increased to $75,670 thousand for the six months ended June 30, 2024, compared to $74,916 thousand for the same period in 2023, reflecting a growth of 1.0%[65]. - Adjusted voyage revenues rose by $11.5 million, or 17%, to $79.1 million for the six months ended June 30, 2024, from $67.6 million in the same period in 2023[33]. Financial Performance - For the six-month period ended June 30, 2024, the company reported voyage revenues of $75,670,000, a slight increase from $74,916,000 in the same period of 2023, representing a growth of 1.01%[20]. - Operating income for the same period was $38,158,000, compared to $37,642,000 in 2023, indicating an increase of 1.37%[20]. - Net income decreased to $22,458,000 from $24,030,000 year-over-year, reflecting a decline of 6.55%[20]. - Adjusted EBITDA for the six months ended June 30, 2024, was $57,564,000, up from $46,579,000 in 2023, representing a significant increase of 23.5%[22]. - The partnership's net income for the six months ended June 30, 2024, was $22,458,000, compared to $24,030,000 for the same period in 2023, reflecting a decrease of approximately 6.5%[133]. - Net income attributable to common unitholders for the six months ended June 30, 2024, was $15,951,000, down from $18,230,000 in 2023, representing a decline of about 12.5%[133]. Cash Flow and Distributions - Cash distributions for Series A Preferred Units were paid at $0.5625 per unit for three consecutive periods in 2024[7][8]. - Distributions declared and paid amounted to $6.5 million, compared to $5.8 million in the same period of 2023[70]. - The partnership reported cash and cash equivalents of $35.6 million as of June 30, 2024, down from $52.9 million a year earlier[70]. - Net cash from operating activities increased by $11.7 million, or 52.2%, to $34.1 million for the six months ended June 30, 2024, compared to $22.4 million in the same period in 2023[44]. - Net cash provided by operating activities increased to $34.1 million for the six-month period ended June 30, 2024, compared to $22.4 million for the same period in 2023, reflecting positive variations in working capital[56]. Debt and Financing - The company entered into lease financing agreements for four vessels totaling $345.9 million, which were used to fully repay a $675 million credit facility[9]. - The financing's applicable interest rate is based on three-month Term SOFR plus a margin, with options to repurchase vessels after the charter periods[9]. - Total long-term debt as of June 30, 2024, was $344,975, a decrease from $420,642 as of December 31, 2023, reflecting a reduction of approximately 18%[93]. - The Partnership fully repaid its $675 million Credit Facility on June 27, 2024, utilizing proceeds from Lease Financing and $63.67 million of its own funds[101]. - Interest and finance costs decreased by $1.1 million, or 5.6%, to $18.4 million for the six months ended June 30, 2024, from $19.5 million in the same period in 2023[40]. Assets and Liabilities - The company’s total current assets as of June 30, 2024, were $50,350,000, down from $105,257,000 at the end of 2023, a decrease of 52.2%[20]. - Total assets decreased from $908,913 thousand as of December 31, 2023, to $838,428 thousand as of June 30, 2024, representing a decline of approximately 7.7%[63]. - Total current liabilities significantly decreased from $458,761 thousand as of December 31, 2023, to $71,491 thousand as of June 30, 2024, a reduction of approximately 84.4%[63]. - The working capital deficit decreased by $332.4 million, or 94%, to $21.1 million as of June 30, 2024, compared to a deficit of $353.5 million as of December 31, 2023[45]. Operational Highlights - The fleet utilization rate improved to 100% in the first half of 2024, compared to 95.8% in the same period of 2023[22]. - The average age of vessels in operation increased to 13.9 years as of June 30, 2024, compared to 12.9 years at the end of 2023[22]. - The company derived 34% of its revenues from Yamal, which is affected by ongoing geopolitical tensions and sanctions against Russia[16]. - The partnership's time charter contracts have not been affected by sanctions related to the ongoing conflict in Ukraine[72]. Management and Governance - The company is focusing on debt repayment and balance sheet strength to reposition for future growth opportunities[5]. - The company may pursue additional vessel acquisitions and investment opportunities in the energy-related projects sector[5]. - The Master Management Agreement includes a daily management fee of $2,750 per vessel, which is subject to a 3% annual increase[84].