Dynagas Lng Partners Lp Stock Price, News & Analysis

Dynagas LNG Partners LP (NYSE: DLNG) has announced a quarterly cash distribution of $0.677286319 per unit on its Series B Fixed to Floating Cumulative Redeemable Perpetual Preferred Units for the period from November 22, 2024, to February 23, 2025.

The distribution rate for this period is set at 10.375450%, comprising a Credit Adjusted Three-Month CME Term SOFR of 4.782450% plus a spread of 5.593%. The payment will be made on February 24, 2025, to unitholders of record as of February 14, 2025.

This marks the twenty-fifth consecutive quarterly distribution on the Series B Preferred Units since their NYSE listing. The Partnership currently has 2,200,000 Series B Preferred Units outstanding.

Dynagas LNG Partners LP (NYSE: DLNG) has announced a quarterly cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units for the period from November 12, 2024, to February 11, 2025. The distribution will be paid on February 12, 2025, to holders of record as of February 5, 2025.

This marks the 38th consecutive quarterly distribution on the Series A Preferred Units since their NYSE listing. The Partnership currently has 3,000,000 Series A Preferred Units outstanding. These distributions are paid quarterly in February, May, August, and November, subject to Board approval.

Dynagas LNG Partners LP (NYSE: DLNG), a liquefied natural gas carriers operator, held its Annual Meeting of Partners on November 29, 2024, in Athens, Greece. The meeting resulted in two key approvals: the re-election of Evangelos Vlahoulis as a Class I Director for a three-year term until 2027, and the ratification of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Partnership's independent auditors for fiscal year 2024.

Dynagas LNG Partners LP reported strong financial results for Q3 2024, with Net Income of $15.1 million and earnings per unit of $0.32. The company achieved 100% fleet utilization and Adjusted EBITDA of $28.9 million. All six LNG carriers operate under long-term charters with an average remaining term of 6.2 years, representing a contract backlog of approximately $1.01 billion. The Partnership announced two significant developments: the reinstatement of quarterly cash distributions to common unitholders and authorization of a $10 million common unit repurchase program over the next 12 months. The company maintains strong operations despite ongoing Russian sanctions, with no material impact on business operations.

Dynagas LNG Partners (NYSE: DLNG) has announced it will release its third quarter 2024 financial results before market opens in New York on Friday, November 22, 2024. The company will not hold a conference call for the three- and nine-months results ended September 30, 2024. Instead, stakeholders are encouraged to submit questions about financial performance directly. A presentation of the Q3 results will be available on the company's website in the Investor Relations section.

Dynagas LNG Partners LP (NYSE: DLNG) has announced a quarterly cash distribution of $0.69999031 per unit on its Series B Fixed to Floating Cumulative Redeemable Perpetual Preferred Units for the period from August 22, 2024, to November 21, 2024. The distribution rate for this period is 10.956370%, comprising a Credit Adjusted Three-Month CME Term SOFR of 5.36337% plus a spread of 5.593%. The payment will be made on November 22, 2024, to unitholders of record as of November 15, 2024. The Partnership currently has 2,200,000 Series B Preferred Units outstanding.

Dynagas LNG Partners LP (NYSE: DLNG) has announced its 2024 Annual Meeting of Partners scheduled for November 29, 2024 at 4:00 p.m. local time in Athens, Greece. The Board has set October 21, 2024 as the Record Date for determining Partners eligible to vote. The Meeting Notice and Proxy Statement will be distributed around October 25, 2024 to record holders and will be available on the SEC website and the company's website along with the 2023 Annual Report.

Dynagas LNG Partners LP (NYSE: DLNG), an LNG carrier owner and operator, has announced a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units (NYSE: DLNG PR A). This distribution covers the period from August 12, 2024 to November 11, 2024 and is payable on November 12, 2024 to unitholders of record as of November 5, 2024.

The distribution marks the thirty-seventh sequential payment on the Series A Preferred Units since their NYSE listing. Dynagas LNG Partners currently has 3,000,000 Series A Preferred Units outstanding. Distributions are typically paid quarterly on the 12th of February, May, August, and November, subject to Board of Directors' declaration.

Dynagas LNG Partners LP (NYSE: DLNG) reported strong financial results for Q2 2024 and H1 2024. Key highlights include:

- Q2 Net Income: $10.7 million ($0.20 per unit)
- Q2 Adjusted EBITDA: $28.6 million
- H1 Net Income: $22.5 million ($0.43 per unit)
- H1 Adjusted EBITDA: $57.6 million
- 100% fleet utilization

The company secured $345 million in lease financing for four LNG carriers, used to prepay a $675 million credit facility. All six LNG carriers are under long-term charters with an average remaining term of 6.4 years. The estimated contract backlog is $1.04 billion. Dynagas reports no material impact from current Russian sanctions on its operations or counterparties.