From GlobeNewswire: 2025-05-27 09:00:00

Dynagas LNG Partners LP reported net income of $13.6 million and earnings per common unit of $0.28 for the first quarter of 2025. Adjusted net income was $14.3 million with adjusted earnings per common unit of $0.30. The partnership had 100% fleet utilization and declared cash distributions for preferred and common units. It also repurchased common units under a repurchase program.

Recent events included the declaration of cash distributions for preferred and common units, with plans to fully redeem 2.2 million Series B Preferred Units on July 25, 2025. The redemption price will be $25.00 per unit plus accumulated and unpaid distributions. The Partnership’s financial strength was highlighted, with $70 million in cash as of March 31, 2025.

Due to the ongoing Russian conflict with Ukraine, the Partnership is monitoring sanctions and their potential impacts. Current sanctions have not materially affected the Partnership, but further developments may impact business operations. The full commercial and economic consequences remain uncertain.

For the first quarter of 2025, the Partnership reported voyage revenues of $39.1 million, with adjusted EBITDA of $27.1 million. Net interest and finance costs decreased significantly from the previous year. Vessel operating expenses, depreciation, and other financial details were also provided in the financial results overview.

Adjusted EBITDA and adjusted net income were calculated to show the Partnership’s operating performance. Adjusted net income was $14.3 million, with net income available to common unitholders at $11.1 million. Adjusted earnings per common unit were $0.30. These figures provide insights into the Partnership’s financial health and performance metrics.

The Partnership’s fleet statistics and financial information were detailed in Appendices A and B, including balance sheets, cash flow statements, and fleet utilization data. The information presented aims to provide transparency and clarity regarding the Partnership’s financial position and operational performance.



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