Dynagas LNG Partners LP reports developments as a master limited partnership that owns and operates LNG carriers employed on multi-year charters. Its news commonly covers fleet operating results, utilization, quarterly and annual earnings, and updates tied to its six-vessel LNG carrier fleet with aggregate capacity of about 914,000 cubic meters.
Company announcements also include common-unit cash distributions, Series A Cumulative Redeemable Perpetual Preferred Unit distributions, unit repurchase authorizations, annual report filings, and limited-partner meeting results. These items reflect the partnership’s shipping operations, partnership distributions, capital actions, and governance activity.
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.
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 November 12, 2021, to February 11, 2022. This distribution, payable on February 14, 2022, follows a quarterly payment schedule. The Partnership currently has 3,000,000 Series A Preferred Units outstanding and has made 26 consecutive cash distributions since trading began on the NYSE.
On November 30, 2021, Dynagas LNG Partners LP (NYSE: DLNG) held its Annual General Meeting in Athens, Greece, where key resolutions were passed. Evangelos Vlahoulis was re-elected as a Class I Director for a three-year term extending to the 2024 Annual Meeting. Ernst & Young (Hellas) was re-appointed as the partnership's independent auditors for the fiscal year ending December 31, 2021. These decisions are seen as positive steps in maintaining governance and financial oversight for the partnership.
Dynagas LNG Partners LP (NYSE: DLNG) reported strong Q3 2021 results with a net income of $11.3 million and earnings per common unit of $0.23, marking a 13% increase compared to Q3 2020. Adjusted EBITDA reached $24.8 million amid 100% fleet utilization. The Partnership declared cash distributions of $0.5625 and $0.546875 per unit for its Series A and B Preferred Units, respectively. Contracted revenue backlog is estimated at $1.06 billion, with an average remaining contract term of 7.2 years. Management aims to leverage cash flow for debt reduction and future growth initiatives.
Dynagas LNG Partners (NYSE: DLNG) will release its third quarter financial results for 2021 on November 18, following market close. A conference call is scheduled for November 19 at 10:00 a.m. ET to discuss the results.
Participants can join via dial-in numbers or through a live webcast, which will also be archived for later access. The Partnership operates six LNG carriers with a total capacity of approximately 914,000 cubic meters. For further updates, visit Dynagas Partners website.