Dynagas Lng Partners Lp Stock Price, News & Analysis

Dynagas LNG Partners LP (NYSE: DLNG) announced the filing of its Annual Report on Form 20-F with the U.S. SEC on April 21, 2023, covering the year ended December 31, 2022. The report details the Partnership's operations, financial condition, and performance. Currently, Dynagas owns six LNG carriers with a total carrying capacity of approximately 914,000 cubic meters. Unitholders can access the report through the company’s website or request a hard copy free of charge from Capital Link, Inc. The company emphasizes future growth potential while cautioning about inherent risks associated with market conditions, operational expenses, and regulatory factors that could impact performance.

Dynagas LNG Partners LP (NYSE: DLNG) has announced a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units for the period from February 12, 2023, to May 11, 2023. This distribution will be payable on May 12, 2023, to all unit holders of record as of May 5, 2023.

This marks the 31st sequential cash distribution since the units began trading on the NYSE. Currently, there are 3,000,000 Series A Preferred Units outstanding. The Partnership operates a fleet of six LNG carriers, with a total capacity of approximately 914,000 cubic meters. Distributions on the Series A Preferred Units are made quarterly.

Dynagas LNG Partners LP (NYSE: DLNG) reported strong financial results for the year and fourth quarter ending December 31, 2022. Key highlights include a net income of $54 million for the year, or $1.15 per unit, and $11.6 million for Q4, or $0.24 per unit. The Partnership achieved 100% fleet utilization for 11 consecutive quarters and announced a new three-year time charter agreement with Equinor for the Arctic Aurora. Total contracted revenue backlog is estimated at $1 billion, with a reduction in net leverage from 6.6x to 4.7x since 2019, alongside a 35% increase in book equity. The Partnership remains focused on debt reduction amidst stable long-term cash flow visibility.

Dynagas LNG Partners LP (NYSE: DLNG) will disclose its financial results for Q4 2022 on March 17, 2023, before market opening in New York. A conference call with management will follow at 10:00 a.m. ET to discuss these results. Interested participants can dial in or register online for faster access. The Partnership operates a fleet of six LNG carriers with a combined capacity of approximately 914,000 cubic meters. For more details, visit their website to access the live webcast and related presentation slides.

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, 2022 to February 21, 2023. This payment is scheduled for February 22, 2023, to preferred unit holders recorded by February 15, 2023. This marks the seventeenth consecutive cash distribution for these units, which will be paid quarterly in arrears every February, May, August, and November. The partnership has 2,200,000 Series B Preferred Units outstanding, reflecting its ongoing commitment to unit holders.

Dynagas LNG Partners LP (NYSE: DLNG) has announced a cash distribution of $0.5625 per unit on its Series A Preferred Units, covering the period from November 12, 2022 to February 11, 2023. This distribution is payable on February 13, 2023, to holders of record as of February 6, 2023. This marks the 30th consecutive cash distribution since these units began trading. As of the date of the press release, there are 3,000,000 Series A Preferred Units outstanding. The Partnership operates liquefied natural gas carriers under multi-year charters, with a fleet capacity of approximately 914,000 cubic meters.