Dynagas LNG Partners LP filings document the regulatory record of a foreign private issuer structured as a master limited partnership owning LNG carriers on multi-year charters. Its Form 6-K reports and annual Form 20-F materials cover operating results, fleet utilization, vessel capacity, audited financial statements, and the risk and business disclosures associated with LNG shipping contracts.
The filings also record partnership capital actions, including common-unit distributions, Series A preferred unit distributions, preferred-unit redemption activity, common-unit repurchase programs, and registration-statement incorporation on Form F-3. Governance disclosures include annual meeting voting results, director elections, auditor ratification, board-declared distributions, and related limited-partner matters.
Dynagas LNG Partners LP announced a quarterly cash distribution of $0.050 per common unit for the quarter ended March 31, 2026. The distribution will be paid on May 22, 2026 to common unitholders of record as of May 18, 2026. Dynagas is a master limited partnership that owns and operates six LNG carriers with an aggregate carrying capacity of about 914,000 cubic meters, employed on multi-year charters.
Dynagas LNG Partners LP declared a cash distribution of $0.5625 per Series A preferred unit for the period from February 12, 2026 to May 11, 2026. The distribution is payable on May 12, 2026 to Series A preferred unitholders of record as of May 5, 2026.
This represents the forty-third sequential cash distribution on these preferred units, of which 3,000,000 units are outstanding. Dynagas LNG Partners is a master limited partnership that owns and operates six LNG carriers with aggregate capacity of about 914,000 cubic meters, employed on multi-year charters.
Dynagas LNG Partners files its annual report for the year ended December 31, 2025, outlining a focused LNG shipping business built on a Fleet of six LNG carriers and a concentrated customer base. As of period-end, the Partnership had 36,382,011 common units, 35,526 general partner units and 3,000,000 9.00% Series A preferred units outstanding.
Revenue is highly dependent on a few counterparties: in 2025, SEFE provided 40% of operating revenues, Yamal 35% and Equinor 25%. The report highlights significant risk from new E.U. sanctions on Russian-origin LNG, which from January 1, 2027 will restrict the two Yamal-chartered vessels from lifting LNG from Russia, potentially affecting long-term charters that currently run to 2033 and 2034.
The Partnership reports an estimated contract backlog of $0.80 billion, including $0.09 billion of variable hire tied to Yamal operating cost pass-through. Management emphasizes a capital allocation focus on debt repayment and balance sheet strength, reliance on a small fleet and limited charterers, exposure to interest rate and currency movements, and extensive related-party management arrangements that generated $8.7 million of commercial and technical management fees in 2025.
Dynagas LNG Partners LP director Alexios Rodopoulos filed an initial Form 3 reporting his beneficial ownership in the company. The filing shows he directly holds 500 Common Units of Dynagas LNG Partners LP after the reported entry, with no specific buy or sell transaction disclosed in this statement.
Dynagas LNG Partners LP filed an initial statement of beneficial ownership for Evangelos Vlachoulis, identifying him as a director of the partnership. The filing, a Form 3, establishes his status as an insider but does not list any reportable transactions in this excerpt.
Dynagas LNG Partners LP reported that its Chief Financial Officer, Michael Gregos, filed an initial Form 3 as a reporting person. The filing lists him as an officer with the title Chief Financial Officer but shows no reported transactions or holdings in this excerpt.
Dynagas LNG Partners LP Chief Executive Officer Tony Bard Lauritzen filed an initial Form 3 insider ownership report as a director and officer of the partnership. The filing shows no reported purchases, sales, option exercises, gifts, tax withholdings, restructurings, or other transactions in the issuer’s securities.
Dynagas LNG Partners LP director Prokopiou Georgios filed an initial ownership report showing only indirect holdings. The filing lists 15,595,000 Common Units held by Dynagas Holding Ltd. and 35,526 General Partner Units held by Dynagas GP LLC, which is wholly owned by Dynagas Holding Ltd.
He owns a 50.4% interest in Dynagas Holding Ltd. and may be deemed a beneficial owner of these interests, but expressly disclaims beneficial ownership beyond his pecuniary interest and states that their inclusion does not admit beneficial ownership for Section 16 or other purposes.
Dynagas LNG Partners LP director Dimitrios Anagnostopoulos has filed an initial insider ownership report. This Form 3 filing establishes his status as a reporting person for the partnership’s equity securities and does not report any purchases, sales, or other transactions in Dynagas LNG units.
Dynagas LNG Partners LP reported solid 2025 results with steady operations but rising geopolitical risk. For the year, net income was $61.6 million with earnings of $1.38 per common unit, up from $1.05 in 2024. Adjusted EBITDA reached $109.2 million and fleet utilization was a high 99.3%, reflecting strong charter coverage.
For the fourth quarter, net income was $15.7 million and earnings were $0.38 per unit, while Adjusted EBITDA was $26.9 million. The partnership paid common distributions of $0.05 per unit and continued Series A preferred distributions, and repurchased 148,933 common units for $0.5 million under its renewed $10 million buyback program.
As of December 31, 2025, all six LNG carriers were employed on long-term charters, giving contracted time charter coverage of 100% of estimated Available Days for 2026 and 2027, and 64% for 2028, with an estimated revenue backlog of $0.84 billion and an average remaining contract term of 5.1 years. However, new EU sanctions effective January 1, 2027 will restrict LNG from Russia and could disrupt two long-term Yamal charters that contributed 36% of 2025 revenues, which the partnership warns could have a material adverse effect and potentially trigger debt covenant issues if revenues are lost.