Dynagas LNG Partners LP (NYSE: DLNG) approves new $10M common unit buyback

Rhea-AI Filing Summary

Dynagas LNG Partners LP has launched a new common unit repurchase program authorizing buybacks of up to $10 million of its outstanding common units through November 24, 2026. This new authorization replaces a prior repurchase program that expired on November 21, 2025.

Repurchases may occur in the open market, through privately negotiated deals, or via trading plans under Rules 10b-18 and 10b5-1, with the timing and amount determined by management based on market conditions, liquidity, and other investment opportunities. The partnership is not obligated to repurchase any specific amount and can suspend or end the program at any time.

Dynagas LNG Partners is a master limited partnership that owns a fleet of six liquefied natural gas carriers with an aggregate carrying capacity of about 914,000 cubic meters, all employed on multi-year charters.

Insights

Equity & Capital Allocation Analyst

Dynagas authorizes up to $10 million in discretionary unit buybacks through late 2026.

Dynagas LNG Partners LP has approved a new common unit repurchase program allowing buybacks of up to $10 million of outstanding common units through November 24, 2026. The program replaces a prior authorization that expired on November 21, 2025, indicating a continued willingness to return capital via repurchases when conditions are favorable.

Management can execute repurchases in open market trades, privately negotiated transactions, or through trading plans structured under Rule 10b-18 and/or Rule 10b5-1. Actual buyback activity will depend on legal requirements, market conditions, available liquidity, other investment opportunities, and the trading price of the units, so the full $10 million amount may or may not be used.

The partnership operates six LNG carriers on multi-year charters with aggregate capacity of about 914,000 cubic meters, which supports contracted cash flows that can help underpin discretionary capital allocation decisions. Future disclosures in company filings can show whether the authorization translates into meaningful reductions in common units outstanding.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of December 2025

Commission File Number:  001-36185

Dynagas LNG Partners LP

(Translation of registrant’s name into English)

Poseidonos Avenue and Foivis 2 Street

166-74 Glyfada, Athens, Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [ X ]       Form 40-F [  ]

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached as Exhibit 99.1 to this report on Form 6-K (this “Report”) is a copy of the press release of Dynagas LNG Partners LP (the “Partnership”) dated December 10, 2025: DYNAGAS LNG PARTNERS LP ANNOUNCES NEW $10 MILLION COMMON UNIT REPURCHASE PROGRAM.  

The information contained in this Report and the exhibit hereto are hereby incorporated by reference into the Partnership’s registration statement on Form F-3 (File No. 333-281195) that has an effective date of November 13, 2024.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: December 11, 2025

	DYNAGAS LNG PARTNERS LP
	By:	/s/ Tony Lauritzen
	Name:	Tony Lauritzen
	Title:	Chief Executive Officer

Exhibit 99.1

DYNAGAS LNG PARTNERS LP ANNOUNCES NEW $10 MILLION COMMON UNIT REPURCHASE PROGRAM

ATHENS – December 10, 2025 - Dynagas LNG Partners LP (the “Partnership”) (NYSE: DLNG), an owner of liquefied natural gas carriers, announced today that its Board of Directors has authorized a new program under which the Partnership may, from time to time, repurchase up to an aggregate of $10 million of its outstanding common units through November 24, 2026 (the “Program”). The Program replaces the Partnership’s prior common unit repurchase program, which expired on November 21, 2025.

Repurchases of common units under the Program may be made, from time to time, in privately negotiated transactions, in open market transactions, or by other means, including through trading plans intended to qualify under Rule 10b-18 and/or Rule 10b5-1 of the U.S. Securities Exchange Act of 1934, as amended. The amount and timing of any repurchases made under the Program will be in the sole discretion of the Partnership’s management team, and will depend on a variety of factors, including legal requirements, market conditions, other investment opportunities, available liquidity, and the prevailing market price of the common units. The Program does not obligate the Partnership to repurchase any dollar amount or number of common units, and the Program may be suspended or discontinued at any time at the Partnership’s discretion.

About Dynagas LNG Partners LP

Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited partnership that owns liquefied natural gas (LNG) carriers employed on multi-year charters. The Partnership’s current fleet consists of six LNG carriers, with an aggregate carrying capacity of approximately 914,000 cubic meters.

Visit the Partnership’s website at www.dynagaspartners.com. The Partnership’s website and its contents are not incorporated into and do not form a part of this release.

Contact Information:

Dynagas LNG Partners LP
Attention: Michael Gregos
Tel. +30 210 8917960
Email: management@dynagaspartners.com   

Investor Relations / Financial Media:
Nicolas Bornozis
Markella Kara

Capital Link, Inc.
230 Park Avenue, Suite 1540

New York, NY 10169
Tel. (212) 661-7566
E-mail: dynagas@capitallink.com

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “project,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements. These forward-looking statements are not intended to give any assurance as to future results and should not be relied upon.

The forward-looking statements in this press release are based upon various assumptions and estimates, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership’s management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnership’s control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in the Partnership’s view, could cause actual results to differ materially from those discussed, expressed or implied, in the forward looking statements include, but are not limited to, the strength of world economies and currency fluctuations, general market conditions, including fluctuations in charter rates, ownership days, and vessel values, changes in supply of and demand for liquefied natural gas (LNG) shipping capacity, changes in the Partnership’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership’s vessels, the early termination of Partnership’s charters and the Partnership’s inability to replace assets and/or long-term contracts, the availability of financing and refinancing, changes in governmental laws, rules and regulations or actions taken by regulatory authorities, economic, regulatory, political and governmental conditions that affect the shipping and the LNG industry, potential liability from pending or future litigation, and potential costs due to environmental damage and vessel collisions, general domestic and international political conditions, potential disruption of shipping routes due to accidents, political events, or international hostilities, geopolitical events including ongoing conflicts and hostilities in the Middle East and other regions throughout the world and the global response to such conflicts and hostilities, changes in tariffs, trade barriers, including recently imposed tariffs by the U.S. and the effects of retaliatory tariffs and countermeasures from affected countries, the effect of applicable sanctions and embargos; vessel breakdowns, instances of off-hires, the length and severity of epidemics and pandemics, the impact of public health threats and outbreaks of other highly communicable diseases, the amount of cash available for distribution, and other important factors, including those the Partnership describes from time to time in the reports it files with the U.S. Securities and Exchange Commission (the “SEC”).

Please see the Partnership’s filings with the SEC for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof. The Partnership undertakes no obligation, and specifically declines any obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable laws. New factors emerge from time to time, and it is not possible for the Partnership to predict all of these factors which may adversely affect its results. Further, the Partnership cannot assess the effect of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. If one of more forward-looking statements are updated, no inference should be drawn that additional updates will be made with respect to those or other forward-looking statements.

FAQ

What did Dynagas LNG Partners LP (DLNG) announce in this 6-K?

Dynagas LNG Partners LP announced that its Board of Directors authorized a new program allowing the partnership to repurchase up to $10 million of its outstanding common units through November 24, 2026.

How large is Dynagas LNG Partners LP19s new unit repurchase program?

The new repurchase program allows Dynagas LNG Partners LP to buy back up to $10 million of its outstanding common units, at management19s discretion.

When does the new Dynagas (DLNG) repurchase program expire and what did it replace?

The new repurchase program runs through November 24, 2026 and replaces the prior common unit repurchase program, which expired on November 21, 2025.

Is Dynagas LNG Partners LP required to repurchase the full $10 million of common units?

No. The program does not obligate Dynagas LNG Partners LP to repurchase any specific dollar amount or number of common units and may be suspended or discontinued at any time.

How can Dynagas LNG Partners LP execute repurchases under the new program?

Repurchases may be made in open market transactions, privately negotiated transactions, or through trading plans intended to qualify under Rule 10b-18 and/or Rule 10b5-1 of the U.S. Securities Exchange Act of 1934.

What business does Dynagas LNG Partners LP operate and how large is its fleet?

Dynagas LNG Partners LP is a master limited partnership that owns six liquefied natural gas carriers employed on multi-year charters, with an aggregate carrying capacity of approximately 914,000 cubic meters.