Dynagas LNG Partners LP reports developments as a master limited partnership that owns and operates LNG carriers employed on multi-year charters. Its news commonly covers fleet operating results, utilization, quarterly and annual earnings, and updates tied to its six-vessel LNG carrier fleet with aggregate capacity of about 914,000 cubic meters.
Company announcements also include common-unit cash distributions, Series A Cumulative Redeemable Perpetual Preferred Unit distributions, unit repurchase authorizations, annual report filings, and limited-partner meeting results. These items reflect the partnership’s shipping operations, partnership distributions, capital actions, and governance activity.
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 August 22 to November 21, 2022. This distribution, payable on November 22, will benefit all preferred unit holders recorded by November 15, 2022. It marks the 16th consecutive distribution for the Series B Preferred Units, with 2,200,000 units outstanding. Distributions will occur quarterly, pending board declaration. The Partnership operates six LNG carriers, with a carrying capacity of 914,000 cubic meters.
Dynagas LNG Partners LP (NYSE: DLNG) has scheduled its 2022 Annual General Meeting for November 30, 2022, at 4:00 p.m. local time in Glyfada, Athens. The record date for Limited Partners to vote is October 20, 2022. An official notice and proxy statement will be mailed around October 25, 2022, and will also be available on the SEC's website. The announcement includes a caution regarding forward-looking statements and risks related to the global economy, regulatory changes, and geopolitical tensions, particularly regarding the ongoing Ukraine conflict.
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, 2022 to November 11, 2022. This distribution, the 29th sequential payment, will be made on November 14, 2022 to those on record as of November 7, 2022. The Partnership currently has 3,000,000 Series A Preferred Units outstanding, and distributions are payable quarterly.
Dynagas LNG Partners LP (NYSE: DLNG) reported robust results for Q2 2022, achieving a net income of $11.1 million and earnings of $0.22 per common unit. The Partnership maintained 100% fleet utilization for the ninth consecutive quarter, with an estimated revenue backlog of $0.95 billion. Cash distributions were declared for Preferred Units, amounting to $0.5625 and $0.546875 per unit for Series A and B, respectively. The ongoing geopolitical situation has not materially affected operations, and the company is focused on cash flow generation and deleveraging for future growth opportunities.
Dynagas LNG Partners LP (NYSE: DLNG) will announce its financial results for the second quarter and first six months of 2022 after market close on September 22, 2022. Following the release, management will host a conference call on September 23, 2022, at 10:00 a.m. ET to discuss the results. Participants can join the call using specified dial-in numbers and a call ID.
The earnings presentation will be available on the company’s website, and the call will be archived for later access.
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, 2022. This cash distribution is payable on August 22, 2022, to preferred unit holders recorded by August 15, 2022. This marks the fifteenth consecutive distribution since the Series B Preferred Units began trading. Currently, there are 2,200,000 units outstanding, with distributions scheduled quarterly unless otherwise stated.
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 May 12, 2022, to August 11, 2022. The payment is scheduled for August 12, 2022, for unit holders of record as of August 5, 2022. This marks the 28th consecutive distribution of preferred units since their NYSE trading began. Currently, there are 3,000,000 Series A Preferred Units outstanding, with distributions payable quarterly in arrears.
Dynagas LNG Partners LP (NYSE: DLNG) reported Q1 2022 results with a net income of $23.9 million and earnings per common unit of $0.57. Adjusted Net Income was $10.0 million, with Adjusted EBITDA of $22.9 million. The fleet achieved 100% utilization for the eighth consecutive quarter. The estimated contracted revenue backlog stands at $0.98 billion. Preferred unit distributions were announced at $0.5625 and $0.546875 for Series A and B respectively. Current sanctions related to the Russia-Ukraine conflict do not materially affect the Partnership's operations.
Dynagas LNG Partners LP (NYSE: DLNG) will release its financial results for Q1 2022 on June 27, 2022, after market close. A conference call is scheduled for June 28, 2022, at 10:00 a.m. ET to discuss these results. Participants can join the call via toll-free US dial-in or international numbers, referencing the call ID 2580474. The financial presentation will be available on the company's website prior to the call. Dynagas operates six LNG carriers with a combined capacity of approximately 914,000 cubic meters.
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 February 22 to May 21, 2022. This payment will be made on May 23, 2022, to holders recorded by May 16, 2022. The Partnership has 2,200,000 Series B Preferred Units outstanding and this marks the 14th consecutive cash distribution since they began trading. Distributions are scheduled quarterly in February, May, August, and November, subject to Board approval.