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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
Dynagas LNG Partners LP (NYSE: DLNG) announced a cash distribution of $0.546875 per unit on its Series B Preferred Units for the period from May 22 to August 21, 2022. This cash distribution is payable on August 22, 2022, to preferred unit holders recorded by August 15, 2022. This marks the fifteenth consecutive distribution since the Series B Preferred Units began trading. Currently, there are 2,200,000 units outstanding, with distributions scheduled quarterly unless otherwise stated.
Dynagas LNG Partners LP (NYSE: DLNG) announced a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units for the period from May 12, 2022, to August 11, 2022. The payment is scheduled for August 12, 2022, for unit holders of record as of August 5, 2022. This marks the 28th consecutive distribution of preferred units since their NYSE trading began. Currently, there are 3,000,000 Series A Preferred Units outstanding, with distributions payable quarterly in arrears.
Dynagas LNG Partners LP (NYSE: DLNG) reported Q1 2022 results with a net income of $23.9 million and earnings per common unit of $0.57. Adjusted Net Income was $10.0 million, with Adjusted EBITDA of $22.9 million. The fleet achieved 100% utilization for the eighth consecutive quarter. The estimated contracted revenue backlog stands at $0.98 billion. Preferred unit distributions were announced at $0.5625 and $0.546875 for Series A and B respectively. Current sanctions related to the Russia-Ukraine conflict do not materially affect the Partnership's operations.
Dynagas LNG Partners LP (NYSE: DLNG) will release its financial results for Q1 2022 on June 27, 2022, after market close. A conference call is scheduled for June 28, 2022, at 10:00 a.m. ET to discuss these results. Participants can join the call via toll-free US dial-in or international numbers, referencing the call ID 2580474. The financial presentation will be available on the company's website prior to the call. Dynagas operates six LNG carriers with a combined capacity of approximately 914,000 cubic meters.
Dynagas LNG Partners LP (NYSE: DLNG) has declared a cash distribution of $0.546875 per unit on its Series B Preferred Units for the period from February 22 to May 21, 2022. This payment will be made on May 23, 2022, to holders recorded by May 16, 2022. The Partnership has 2,200,000 Series B Preferred Units outstanding and this marks the 14th consecutive cash distribution since they began trading. Distributions are scheduled quarterly in February, May, August, and November, subject to Board approval.
Dynagas LNG Partners LP (NYSE: DLNG) announced the filing of its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 29, 2022. The report is accessible on the Partnership's website. The company operates a fleet of six liquefied natural gas (LNG) carriers with a total capacity of approximately 914,000 cubic meters, engaged in multi-year charters. Unitholders can request a free hard copy of the report from Capital Link, Inc.
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 for the period from February 12, 2022, to May 11, 2022. This payment is scheduled for May 12, 2022, to preferred unit holders of record as of May 5, 2022. This marks the twenty-seventh sequential distribution since the units began trading on NYSE, with 3,000,000 units outstanding as of this date.
Dynagas LNG Partners LP (NYSE: DLNG) reported its Q4 2021 results, showcasing a net income of $16.9 million and earnings per unit of $0.38. The adjusted net income stood at $11.4 million, with an adjusted EBITDA of $24.7 million. The fleet achieved a record 100% utilization for seven consecutive quarters. The estimated contracted revenue backlog is $1.02 billion, with long-term charters averaging 6.9 years. The partnership remains compliant with sanctions related to the Ukraine conflict, which currently do not materially affect operations.
Dynagas LNG Partners LP (NYSE: DLNG) announced it will release its financial results for Q4 2021 on March 17, 2022, after market close. A conference call and webcast to discuss these results will be held on March 18, 2022, at 10:00 a.m. ET. Participants should dial in ten minutes early at the provided numbers. An audio webcast and presentation slides will be available on the company’s website. Dynagas operates a fleet of six LNG carriers with an aggregate capacity of approximately 914,000 cubic meters.
Dynagas LNG Partners LP (NYSE: DLNG) has declared a cash distribution of $0.546875 per unit on its Series B Preferred Units for the period from November 22, 2021 to February 21, 2022. This distribution is payable on February 22, 2022, to unit holders of record as of February 14, 2022. This marks the thirteenth consecutive distribution since the preferred units began trading. As of this announcement, there are 2,200,000 Series B Preferred Units outstanding.
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