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) 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.
Dynagas LNG Partners LP (NYSE: DLNG) has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Preferred Units for the period from August 12, 2020, to November 11, 2020. This payment is set to be made on November 12, 2020 to preferred unit holders of record as of November 5, 2020. The Series A Preferred Units will continue to provide quarterly distributions each February, May, August, and November. Currently, 3,000,000 Series A Preferred Units are outstanding, marking the 21st sequential cash distribution.
Dynagas LNG Partners LP (NYSE: DLNG) reported net income of $6.4 million and earnings per common unit of $0.10 for the second quarter of 2020. Adjusted net income reached $9.9 million, with adjusted EBITDA at $24.1 million. The partnership maintained 100% fleet utilization and declared cash distributions of $0.5625 and $0.546875 for its preferred units. It entered a floating to fixed interest rate swap to secure a low cost of debt until 2024. The total cash reported was $63.3 million, with a contracted revenue backlog of $1.18 billion and an average remaining contract term of 8.1 years.
Dynagas LNG Partners LP (NYSE: DLNG) announced it will release its Q2 2020 financial results after market close on September 3, 2020. A conference call will follow on September 4, 2020, at 10:00 a.m. ET, where management will discuss these results. The partnership operates six LNG carriers with a total carrying capacity of approximately 914,000 cubic meters. Investors can participate through a live webcast or audio call, with details available on the company’s website.
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, 2020. This distribution is scheduled for payout on August 24, 2020, to unit holders of record as of August 17, 2020. This marks the seventh consecutive distribution for the Series B Preferred Units since trading began on the NYSE. The Partnership currently has 2,200,000 Series B Preferred Units outstanding, as it operates a fleet of six LNG carriers with a total capacity of approximately 914,000 cubic meters.
Dynagas LNG Partners LP (NYSE: DLNG) announced a cash distribution of $0.5625 per unit on its Series A Preferred Units for the period from May 12, 2020, to August 11, 2020. This payment is due on August 12, 2020, to holders recorded by August 5, 2020. This marks the twentieth consecutive distribution since the units began trading. The partnership currently has 3,000,000 Series A Preferred Units outstanding and operates a fleet of six LNG carriers with an aggregate capacity of 914,000 cubic meters.
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