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) announced the filing of its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 29, 2022. The report is accessible on the Partnership's website. The company operates a fleet of six liquefied natural gas (LNG) carriers with a total capacity of approximately 914,000 cubic meters, engaged in multi-year charters. Unitholders can request a free hard copy of the report from Capital Link, Inc.
Dynagas LNG Partners LP (NYSE: DLNG) has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units for the period from February 12, 2022, to May 11, 2022. This payment is scheduled for May 12, 2022, to preferred unit holders of record as of May 5, 2022. This marks the twenty-seventh sequential distribution since the units began trading on NYSE, with 3,000,000 units outstanding as of this date.
Dynagas LNG Partners LP (NYSE: DLNG) reported its Q4 2021 results, showcasing a net income of $16.9 million and earnings per unit of $0.38. The adjusted net income stood at $11.4 million, with an adjusted EBITDA of $24.7 million. The fleet achieved a record 100% utilization for seven consecutive quarters. The estimated contracted revenue backlog is $1.02 billion, with long-term charters averaging 6.9 years. The partnership remains compliant with sanctions related to the Ukraine conflict, which currently do not materially affect operations.
Dynagas LNG Partners LP (NYSE: DLNG) announced it will release its financial results for Q4 2021 on March 17, 2022, after market close. A conference call and webcast to discuss these results will be held on March 18, 2022, at 10:00 a.m. ET. Participants should dial in ten minutes early at the provided numbers. An audio webcast and presentation slides will be available on the company’s website. Dynagas operates a fleet of six LNG carriers with an aggregate 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 November 22, 2021 to February 21, 2022. This distribution is payable on February 22, 2022, to unit holders of record as of February 14, 2022. This marks the thirteenth consecutive distribution since the preferred units began trading. As of this announcement, there are 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 Perpetual Preferred Units for the period from November 12, 2021, to February 11, 2022. This distribution, payable on February 14, 2022, follows a quarterly payment schedule. The Partnership currently has 3,000,000 Series A Preferred Units outstanding and has made 26 consecutive cash distributions since trading began on the NYSE.
On November 30, 2021, Dynagas LNG Partners LP (NYSE: DLNG) held its Annual General Meeting in Athens, Greece, where key resolutions were passed. Evangelos Vlahoulis was re-elected as a Class I Director for a three-year term extending to the 2024 Annual Meeting. Ernst & Young (Hellas) was re-appointed as the partnership's independent auditors for the fiscal year ending December 31, 2021. These decisions are seen as positive steps in maintaining governance and financial oversight for the partnership.
Dynagas LNG Partners LP (NYSE: DLNG) reported strong Q3 2021 results with a net income of $11.3 million and earnings per common unit of $0.23, marking a 13% increase compared to Q3 2020. Adjusted EBITDA reached $24.8 million amid 100% fleet utilization. The Partnership declared cash distributions of $0.5625 and $0.546875 per unit for its Series A and B Preferred Units, respectively. Contracted revenue backlog is estimated at $1.06 billion, with an average remaining contract term of 7.2 years. Management aims to leverage cash flow for debt reduction and future growth initiatives.
Dynagas LNG Partners (NYSE: DLNG) will release its third quarter financial results for 2021 on November 18, following market close. A conference call is scheduled for November 19 at 10:00 a.m. ET to discuss the results.
Participants can join via dial-in numbers or through a live webcast, which will also be archived for later access. The Partnership operates six LNG carriers with a total capacity of approximately 914,000 cubic meters. For further updates, visit Dynagas Partners website.
Dynagas LNG Partners LP (NYSE: DLNG) 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, 2021, to November 21, 2021. This payment is scheduled for November 22, 2021, to preferred unit holders as of November 15, 2021. This marks the twelfth cash distribution since the Series B Preferred Units began trading on the NYSE. The Partnership currently has 2,200,000 Series B Preferred Units outstanding.