Dynagas LNG Partners LP(DLNG)
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Dynagas LNG Partners LP(DLNG) - 2021 Q4 - Annual Report
2022-04-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F [_] REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [_] SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 ...
Dynagas LNG Partners LP(DLNG) - 2021 Q4 - Earnings Call Transcript
2022-03-18 15:35
Dynagas LNG Partners LP (NYSE:DLNG) Q4 2021 Earnings Conference Call March 18, 2022 10:00 AM ET Company Participants Tony Lauritzen - CEO Michael Gregos - CFO Conference Call Participants Christopher Robertson - Jefferies Ben Nolan - Stifel Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear. The machine-assisted output provided is ...
Dynagas LNG Partners LP(DLNG) - 2021 Q3 - Earnings Call Transcript
2021-11-19 18:10
Dynagas LNG Partners LP (NYSE:DLNG) Q3 2021 Results Conference Call November 19, 2021 10:00 AM ET Company Participants Tony Lauritzen - CEO Michael Gregos - CFO Conference Call Participants Randy Giveans - Jefferies Operator Thank you for standing by, ladies and gentlemen, and welcome to Dynagas LNG Partners Conference Call on the Third Quarter 2021 Financial Results. We have with us Mr. Tony Lauritzen, Chief Executive Officer; and Mr. Michael Gregos, Chief Financial Officer of the Company. At this time all ...
Dynagas LNG Partners LP(DLNG) - 2021 Q2 - Earnings Call Transcript
2021-09-08 18:36
Dynagas LNG Partners LP (NYSE:DLNG) Q2 2021 Results Conference Call September 8, 2021 10:00 AM ET Company Participants Tony Lauritzen - Chief Executive Officer Michael Gregos - Chief Financial Officer Conference Call Participants Ben Nolan - Stifel Randy Giveans - Jefferies Operator Thank you for standing by, ladies and gentlemen, and welcome to Dynagas LNG Partners Conference Call on the Second Quarter 2021 Financial Results. We have with us Mr. Tony Lauritzen, Chief Executive Officer; and Mr. Michael Greg ...
Dynagas LNG Partners LP(DLNG) - 2021 Q1 - Earnings Call Transcript
2021-06-18 16:05
Dynagas LNG Partners LP (NYSE:DLNG) Q1 2021 Results Conference Call June 18, 2021 10:00 AM ET Company Participants Tony Lauritzen - Chief Executive Officer Michael Gregos - Chief Financial Officer Conference Call Participants Randy Giveans - Jefferies Ben Nolan - Stifel Operator Thank you for standing by ladies and gentlemen, and welcome to Dynagas LNG PartnersÂ' Conference Call for First Quarter 2021 Financial Results. We have with us Mr. Tony Lauritzen, Chief Executive Officer; and Mr. Michael Gregos, Chi ...
Dynagas LNG Partners LP(DLNG) - 2020 Q4 - Annual Report
2021-04-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F [_] REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ OR [_] SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 1 ...
Dynagas LNG Partners LP(DLNG) - 2020 Q4 - Earnings Call Transcript
2021-03-17 16:55
Dynagas LNG Partners LP (NYSE:DLNG) Q4 2020 Earnings Conference Call March 17, 2021 10:00 AM ET Company Participants Tony Lauritzen - Chief Executive Officer Michael Gregos - Chief Financial Officer Conference Call Participants Randy Giveans - Jefferies Operator Thank you for standing by and welcome to Dynagas LNG Partners’ Conference Call on the Fourth Quarter 2020 Financial Results. We have with us Mr. Tony Lauritzen, Chief Executive Officer and Mr. Michael Gregos, Chief Financial Officer of the company. ...
Dynagas LNG Partners LP(DLNG) - 2020 Q3 - Earnings Call Transcript
2020-11-16 19:01
Financial Data and Key Metrics Changes - For Q3 2020, the company reported net income of $10 million, an increase of approximately 313% compared to Q3 2019 [6][10] - Adjusted EBITDA for the quarter was $24.3 million, reflecting a 1.7% increase from the same period in 2019 [6][10] - The weighted average interest expense decreased from 6.5% in Q3 2019 to 3.27% in Q3 2020, due to lower LIBOR rates and reduced indebtedness [12][16] Business Line Data and Key Metrics Changes - All 6 LNG carriers in the fleet achieved 100% utilization for Q3 2020, despite operational challenges from COVID-19 [4][24] - The fleet's cash breakeven rate was $48,300 per day per vessel, compared to contracted rates of $61,000 per day per vessel [18] Market Data and Key Metrics Changes - The charter market for LNG carriers faced challenges in Q2 and Q3 2020, but the prompt LNG shipping spot market improved significantly due to reduced cancellations of U.S. cargoes and better gas pricing [22] - The company holds a market share of about 82% of the global Arc-4 equivalent LNG carrier fleet, indicating strong competitive positioning [26] Company Strategy and Development Direction - The company aims to continue deleveraging its balance sheet using cash flow generation, with a focus on building equity value over time [9][30] - The fleet has a contract backlog of approximately $1.15 billion, with an average remaining charter period of about 7.9 years per vessel [10][30] Management's Comments on Operating Environment and Future Outlook - Management noted that while revenue has not been affected by COVID-19 due to long-term contracts, they are closely monitoring the situation [24] - The company expects net leverage to decrease from 5.7x to 3.5x by 2024, assuming stable market conditions [17] Other Important Information - The company has no scheduled capital expenditures until 2022, when three LNG carriers will undergo special surveys [15] - The partnership has issued and sold 122,580 common units under an aftermarket offering program, resulting in net proceeds of about $0.4 million [7] Q&A Session Summary Question: Details on the Arctic Aurora contract option - Management confirmed that the option for Arctic Aurora is priced at an escalated rate compared to the current charter rate, but market conditions will influence Equinor's decision to exercise it [32] Question: Long-term prospects related to Arctic LNG 2 - Management expressed interest in Arctic LNG 2 but noted that most Arc-7 LNG contracts are likely to go to a joint venture, limiting opportunities for the company [35] Question: ATM program activity - Management indicated that they do not anticipate being active on the ATM program at current prices, suggesting a wait for better pricing [36]
Dynagas LNG Partners LP(DLNG) - 2020 Q2 - Earnings Call Transcript
2020-09-04 16:41
Dynagas LNG Partners LP (NYSE:DLNG) Q2 2020 Results Conference Call September 4, 2020 10:00 AM ET Company Participants Tony Lauritzen - CEO Michael Gregos - CFO Conference Call Participants Randy Giveans - Jefferies Ben Nolan - Stifel Operator Thank you for standing by, ladies and gentlemen. And welcome to the Dynagas LNG Partners Conference Call on the Second Quarter 2020 Financial Results. We have with us, Mr. Tony Lauritzen, Chief Executive Officer; and Mr. Michael Gregos, Chief Financial Officer of the ...
Dynagas LNG Partners LP(DLNG) - 2020 Q1 - Earnings Call Transcript
2020-06-05 17:36
Dynagas LNG Partners LP (NYSE:DLNG) Q1 2020 Results Conference Call June 5, 2020 10:00 AM ET Company Participants Tony Lauritzen - CEO Michael Gregos - CFO Conference Call Participants Randy Giveans - Jefferies Ben Nolan - Stifel Liam Burke - B. Riley Operator Thank you for standing by, ladies and gentlemen. And welcome to the Dynagas LNG Partners Conference Call on the First Quarter 2020 Financial Results. We have with us, Mr. Tony Lauritzen, Chief Executive Officer; and Mr. Michael Gregos, Chief Financial ...