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DYNAGAS LNG PARNERS LP - DLNG STOCK NEWS

Welcome to our dedicated page for DYNAGAS LNG PARNERS LP news (Ticker: DLNG), a resource for investors and traders seeking the latest updates and insights on DYNAGAS LNG PARNERS LP stock.

Dynagas LNG Partners LP (NYSE: DLNG) is a global leader in the seaborne transportation of liquefied natural gas (LNG). Established in 2013 and headquartered in Athens, Greece, the company operates through its subsidiaries and boasts a fleet of six LNG carriers as of April 16, 2020.

Dynagas LNG Partners LP specializes in owning and managing high-specification, versatile LNG carriers that are engaged in multi-year contracts with international energy firms. These long-term charters, defined as contracts lasting two years or more, ensure stable cash flows and high utilization rates. The company's fleet is designed for flexible trading, capable of conventional trade and operations in extreme conditions due to its Ice Class 1A FS notation and winterization, which allows for navigation in subzero and ice-bound environments.

Recent Achievements:

  • Successful operation of a state-of-the-art fleet optimized for various trading conditions.
  • Maintaining strong relationships with prominent international energy companies through long-term contracts.
  • Providing reliable and efficient LNG transportation solutions.

Current Projects:

  • Continuing to enhance fleet capabilities for both conventional and extreme weather operations.
  • Expanding contractual agreements with global energy firms to ensure long-term revenue stability.

Financial Condition:

The company is committed to maintaining a robust financial position, underpinned by stable cash flows from its long-term charters. The financial results for the fourth quarter ended December 31, 2023, will be released on March 28, 2024.

For more information and updates, the company's management team regularly hosts conference calls and webcasts, with the next session scheduled for September 15, 2023, at 10:00 a.m. Eastern Time.

Contact Investor Relations at Capital Link, Inc.:

Nicolas Bornozis/Markella Kara
230 Park Avenue, Suite 1540
New York, NY 10169
Tel: (212) 661-7566
Email: dynagas@capitallink.com

News

Dynagas LNG Partners LP Reports Results For the Three and Nine Months Ended September 30, 2023

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Dynagas LNG Partners LP (NYSE: “DLNG”) reported Net Income and Earnings per common unit (basic and diluted) of $25.4 million and $0.45, respectively for the nine months ended September 30, 2023. Adjusted EBITDA was $67.0 million with 97% fleet utilization. Quarter Highlights include Net Income of $1.4 million and Loss per common unit (basic and diluted) of $0.04, with Adjusted EBITDA of $20.4 million and 99.8% fleet utilization. The company declared and paid cash distributions on its Series A and B Preferred Units and completed scheduled dry-docks for its vessels. The Arctic Aurora was delivered under a new time charter party agreement with Equinor ASA. The company's CEO emphasized the long-term charters with international gas companies and the commitment to reducing debt, with a net leverage ratio reduction from 6.6 to 4.1 since December 31, 2019. The company's main priority going forward is to refinance its debt. The CEO also highlighted the sustained demand for natural gas and the potential impact of Russian sanctions on the business, operations, and financial condition of the Partnership.
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Dynagas LNG Partners LP Announces Date for the Release of the Third Quarter 2023 Results, Conference Call and Webcast

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Dynagas LNG Partners LP (NYSE: “DLNG”) will release its financial results for the third quarter ended September 30, 2023, after market closes in New York on Thursday, December 7, 2023. The next day, Friday, December 8, 2023, the Company's management will host a conference call and webcast to discuss the earnings results.
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Dynagas LNG Partners LP Announces Results of 2023 Annual Meeting of Limited Partners

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Dynagas LNG Partners LP (DLNG) conducted its Annual Meeting of Limited Partners in Athens, Greece, on November 30, 2023. Resolutions included the election of Dimitris Anagnostopoulos as a Class III Director and the ratification of Ernst & Young as the independent auditors for the fiscal year ending December 31, 2023.
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Dynagas LNG Partners LP Declares Cash Distribution on Its Series A Preferred Units

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Dynagas LNG Partners LP (NYSE: DLNG) has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units. The distribution is payable on November 13, 2023, to preferred unit holders of record as of November 6, 2023. Distributions on the Series A Preferred Units are payable quarterly on the 12th day of February, May, August, and November.
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Dynagas LNG Partners LP Announces the Date of Its 2023 Annual Meeting of Limited Partners

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Dynagas LNG Partners LP announces its 2023 Annual Meeting of Limited Partners
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Dynagas LNG Partners LP Reports Results For the Three and Six Months Ended June 30, 2023

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Dynagas LNG Partners LP announces Q2 2023 results with net income of $14.4 million and adjusted EBITDA of $23.0 million. Entered new time charter agreements adding $270 million to revenue backlog. Fleet utilization at 91.7%. Decrease in interest and finance costs. Positive outlook for LNG shipping.
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Dynagas LNG Partners LP Announces Date for the Release of the Second Quarter 2023 Results, Conference Call and Webcast

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Dynagas LNG Partners LP will release its financial results for Q2 and six months ended June 30, 2023, on September 14, 2023. A conference call and webcast will be held on September 15, 2023, to discuss the earnings results.
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Dynagas LNG Partners LP Declares Cash Distribution on Its Series B Preferred Units

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Dynagas LNG Partners LP Declares Cash Distribution on Its Series A Preferred Units

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Dynagas LNG Partners LP Announces New Time Charters for the LNG Carriers “Clean Energy” and “Arctic Aurora”

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FAQ

What is the current stock price of DYNAGAS LNG PARNERS LP (DLNG)?

The current stock price of DYNAGAS LNG PARNERS LP (DLNG) is $5.3 as of January 22, 2025.

What is the market cap of DYNAGAS LNG PARNERS LP (DLNG)?

The market cap of DYNAGAS LNG PARNERS LP (DLNG) is approximately 193.0M.

What does Dynagas LNG Partners LP do?

Dynagas LNG Partners LP specializes in the seaborne transportation of liquefied natural gas (LNG) with a fleet of six carriers.

Where is Dynagas LNG Partners LP headquartered?

The company is headquartered in Athens, Greece.

When was Dynagas LNG Partners LP founded?

Dynagas LNG Partners LP was founded in 2013.

How many LNG carriers does the company operate?

As of April 16, 2020, the company operates a fleet of six LNG carriers.

What types of contracts do Dynagas LNG Partners LP's carriers operate under?

The company's LNG carriers are employed on multi-year contracts, defined as two years or more, with international energy companies.

What makes the company’s fleet versatile?

The fleet is designed for trading flexibility, with capabilities for conventional trade and operations in subzero and ice-bound conditions.

When will the next financial results be released?

The financial results for the fourth quarter ended December 31, 2023, will be released on March 28, 2024.

How can investors join the upcoming conference call?

Investors can join the conference call on September 15, 2023, at 10:00 a.m. Eastern Time, with details available on the company's Investor Relations page.

Who are the main points of contact for Investor Relations?

Nicolas Bornozis and Markella Kara at Capital Link, Inc. are the main contacts for Investor Relations.

What is the Ice Class 1A FS notation?

The Ice Class 1A FS notation indicates that part of the fleet is enhanced for safe navigation and operation in subzero and ice-bound conditions.
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DYNAGAS LNG PARNERS LP

NYSE:DLNG

DLNG Rankings

#3937 Ranked by Market Cap
#854 Ranked by Dividends

DLNG Stock Data

193.03M
17.64M
52.06%
24.35%
0.04%
Oil & Gas Midstream
Energy
Link
United States of America
Athens