Dynagas Lng Partners Lp Stock Price, News & Analysis

Dynagas LNG Partners LP (NYSE: DLNG) reported financial results for Q4 and the year ended December 31, 2020. The company achieved a net income of $10.6 million, or $0.22 per common unit, marking a 92.7% increase year-over-year. Adjusted EBITDA for the period was $24.4 million, with 100% fleet utilization. Notably, the partnership declared cash distributions of $0.5625 and $0.546875 per unit on its Series A and B Preferred Units, respectively. The company has a robust $1.1 billion contracted revenue backlog, ensuring stability amid challenging market conditions. A new management agreement also reduces technical management fees by 13%.

Dynagas LNG Partners LP (NYSE: DLNG) will announce its fourth quarter financial results for the period ending December 31, 2020, on March 16, 2021, after market close. A conference call is scheduled for March 17, 2021, at 10:00 a.m. ET to discuss these results. Participants can join via various dial-in numbers provided or through a live audio webcast on the company's website. Dynagas operates six LNG carriers, with a total capacity of approximately 914,000 cubic meters. The Partnership encourages interested investors to participate in the upcoming call.

Dynagas LNG Partners LP (NYSE: DLNG) has declared a cash distribution of $0.546875 per unit for its Series B Preferred Units, covering the period from November 22, 2020 to February 21, 2021. This payment will be made on February 22, 2021 to unit holders on record as of February 15, 2021. This marks the ninth consecutive distribution since the Series B units began trading on the NYSE. The Partnership currently has 2,200,000 Series B Preferred Units outstanding.

Dynagas LNG Partners LP has declared a cash distribution of $0.5625 per unit for its Series A Preferred Units, covering the period from November 12, 2020, to February 11, 2021. This distribution will be payable on February 12, 2021, to holders of record as of February 5, 2021. This marks the 22nd sequential cash distribution since the units began trading on the NYSE. The Partnership currently has 3,000,000 Series A Preferred Units outstanding.

Dynagas LNG Partners LP (NYSE: DLNG) held its Annual General Meeting of Limited Partners on December 15, 2020, in Athens, Greece. Key resolutions approved include the re-election of Levon Dedegian as a Class III Director for a three-year term, and the re-appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as independent auditors for the fiscal year ending December 31, 2020.

Dynagas LNG Partners reported a net income of $10.0 million and adjusted EBITDA of $24.2 million for Q3 2020, achieving 100% fleet utilization. Compared to Q3 2019, net income increased by $14.7 million due to lower interest costs and steady vessel operations. The partnership declared cash distributions of $0.5625 per unit on Series A and $0.546875 on Series B Preferred Units. With a contracted revenue backlog of approximately $1.15 billion, the partnership aims to leverage cash flow for debt reduction and future growth.

Dynagas LNG Partners LP (NYSE: DLNG) announced it will release its third quarter financial results for 2020 on November 12, after market close. A conference call is scheduled for November 13 at 10:00 a.m. ET, where management will discuss these results. Participants can join via dedicated dial-in numbers, with a replay available until November 19. The Partnership operates six LNG carriers with a total capacity of approximately 914,000 cubic meters. More details are available on the company’s website.

Dynagas LNG Partners LP (NYSE: DLNG) has scheduled its 2020 Annual General Meeting of Limited Partners for December 15, 2020, at 4:00 p.m. local time in Athens, Greece. A record date of October 23, 2020, has been set to determine which Limited Partners are eligible to vote. The Partnership's Notice of Meeting and Proxy Statement will be mailed around November 3, 2020, and made available on the SEC's website. The press release includes forward-looking statements regarding potential business performance and risks involving market conditions, regulatory changes, and the impact of COVID-19.

Dynagas LNG Partners LP (NYSE: DLNG) has 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, 2020 to November 21, 2020. This distribution will be payable on November 23, 2020 to preferred unit holders of record as of November 16, 2020. This marks the eighth consecutive cash distribution since the preferred units began trading on the NYSE. The Partnership currently has 2,200,000 Series B Preferred Units outstanding.