Welcome to our dedicated page for Dynagas Lng Partners Lp news (Ticker: DLNG), a resource for investors and traders seeking the latest updates and insights on Dynagas Lng Partners Lp stock.
Dynagas LNG Partners LP (NYSE: DLNG) is a master limited partnership that owns and operates a fleet of six liquefied natural gas (LNG) carriers employed on multi-year charters. Its news flow, as reflected in press releases furnished on Form 6-K, centers on financial results, distributions, capital allocation decisions and governance matters related to this LNG shipping business.
Readers of the DLNG news page can review regular earnings announcements, including results for quarterly and year-to-date periods. These releases highlight voyage revenues, Net Income, Adjusted Net Income, Adjusted EBITDA, Earnings per common unit and fleet utilization for the Partnership’s six-vessel LNG carrier fleet. The Partnership also reports on liquidity, debt levels, sale and leaseback arrangements, and other financing developments.
Another key category of news involves cash distributions and capital returns. Dynagas LNG Partners LP frequently issues press releases announcing quarterly cash distributions on its common units and on its Series A Cumulative Redeemable Perpetual Preferred Units, as well as details of record dates and payment dates. The Partnership also discloses activity under its common unit repurchase programs, including authorizations by the Board of Directors and the amount of common units repurchased under these programs.
Corporate actions and governance updates form an additional stream of news. The Partnership announces the scheduling of its Annual Meeting of Limited Partners, the results of voting at these meetings, and the appointment or re-election of directors and independent auditors. It also provides notices regarding the redemption of preferred units, such as the full redemption of its Series B Preferred Units.
By following DLNG news, investors and analysts can track how Dynagas LNG Partners LP’s long-term charter contracts, high reported fleet utilization and capital allocation choices, such as distributions and unit repurchases, are reflected in its periodic disclosures and regulatory filings.
Dynagas LNG Partners LP (NYSE: DLNG) announced a cash distribution of $0.546875 per unit on its Series B Fixed to Floating Cumulative Redeemable Perpetual Preferred Units for the period from August 22, 2021, to November 21, 2021. This payment is scheduled for November 22, 2021, to preferred unit holders as of November 15, 2021. This marks the twelfth cash distribution since the Series B Preferred Units began trading on the NYSE. The Partnership currently has 2,200,000 Series B Preferred Units outstanding.
The Board of Dynagas LNG Partners LP (NYSE: DLNG) has scheduled the 2021 Annual General Meeting of Limited Partners for November 30, 2021, at 4:00 p.m. in Glyfada, Athens. The record date for voting rights is set for October 20, 2021. Proxy materials will be mailed to Limited Partners around October 25, 2021, and will also be available on the SEC's website and the Partnership's website. The press release includes cautionary forward-looking statements about potential uncertainties affecting the business.
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 August 12, 2021, to November 11, 2021. This distribution, the 25th since trading began, will be payable on November 12, 2021, to preferred unit holders of record as of November 5, 2021. The Partnership currently has 3,000,000 Series A Preferred Units outstanding.
Dynagas LNG Partners LP (DLNG) announced its Q2 2021 financial results, showcasing net income of $9.1 million, or $0.17 per common unit, and adjusted net income of $10.4 million, or $0.20 per common unit. The partnership achieved 100% fleet utilization and reported adjusted EBITDA of $23.6 million. A quarterly cash distribution of $0.5625 per Series A Preferred Unit and $0.546875 per Series B Preferred Unit was declared. The estimated contracted revenue backlog stands at approximately $1.09 billion with an average contract term of 7.4 years. The company aims to enhance liquidity and pursue future growth initiatives.
Dynagas LNG Partners LP (NYSE: DLNG) will release its financial results for Q2 2021 on September 7, 2021, after market close. A conference call to discuss these results is scheduled for September 8, 2021, at 10:00 a.m. ET. Participants are encouraged to join the call 10 minutes early using the provided dial-in numbers. An archived audio webcast will be available on the company's website following the call.
The Partnership operates LNG carriers under multi-year charters with a fleet comprising six vessels, totaling approximately 914,000 cubic meters of carrying capacity.
Dynagas LNG Partners LP (NYSE: DLNG) announced a cash distribution of $0.546875 per unit on its Series B Preferred Units for the period of May 22, 2021 to August 21, 2021. This cash distribution is to be paid on August 23, 2021 to all preferred unit holders on record as of August 16, 2021. This marks the eleventh consecutive distribution since the Series B Preferred Units began trading on the NYSE. The Partnership currently has 2,200,000 Series B Preferred Units outstanding.
Dynagas LNG Partners LP (NYSE: DLNG) has announced a cash distribution of $0.5625 per unit on its Series A Preferred Units for the period from May 12, 2021, to August 11, 2021. This payment, to be made on August 12, 2021, marks the twenty-fourth sequential distribution since the units began trading. With 3,000,000 Series A Preferred Units outstanding, the distributions will continue on a quarterly basis. The company operates six LNG carriers with a total capacity of approximately 914,000 cubic meters.
Dynagas LNG Partners LP (DLNG) reported strong results for Q1 2021, showcasing a net income of $15.9 million and earnings per common unit of $0.36, a significant increase compared to $6.9 million and $0.11 in Q1 2020. Adjusted net income rose to $10.6 million, while adjusted EBITDA increased to $23.9 million. The partnership achieved 100% fleet utilization and declared cash distributions for its Series A and B Preferred Units. Additionally, a new charter agreement with Equinor ensures ongoing revenue, with an estimated backlog of $1.12 billion.
Dynagas LNG Partners LP (DLNG) announced it will release its first quarter financial results for the period ending March 31, 2021, after market close on June 17, 2021. Following this, management will hold a conference call on June 18, 2021, at 10:00 a.m. ET to discuss the results. The call can be accessed via specified dial-in numbers, and a replay will be available on the company’s website. Dynagas owns and operates LNG carriers, with a current fleet of six vessels, totaling approximately 914,000 cubic meters in carrying capacity.
Dynagas LNG Partners LP (NYSE: DLNG) announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2020, with the SEC on April 29, 2021. The report details the Partnership's operations in LNG shipping, showcasing its fleet of six LNG carriers with a total capacity of approximately 914,000 cubic meters. Unitholders can access the report online or request a hard copy at no charge. The Partnership emphasizes its commitment to transparency and regulatory compliance while navigating the complexities of the LNG market.