Dynagas LNG Partners LP Reports Financial Results for 2025

Strategic Insights -

Dynagas LNG Partners LP, a leading owner and operator of liquefied natural gas (LNG) carriers, announced its financial results for the three and six months ended June 30, 2025. The Partnership showcased strong performance, with key highlights including net income and earnings per common unit, adjusted net income and adjusted earnings per common unit, and adjusted EBITDA. The company also made significant developments, such as the redemption of Series B Preferred Units and the purchase of common units under its repurchase program.

Key Takeaways:

  • Net income and earnings per common unit (basic and diluted) of $27.3 million and $0.52, respectively, for the six months ended June 30, 2025.
  • Adjusted net income and adjusted earnings per common unit (basic and diluted) of $28.8 million and $0.56, respectively, for the six months ended June 30, 2025.
  • Adjusted EBITDA of $54.8 million for the six months ended June 30, 2025.
  • 99.7% fleet utilization for the six months ended June 30, 2025.
  • Declared and paid $0.5625 per unit on Series A Preferred Units and $0.614808 per unit on Series B Preferred Units for the respective periods.
  • Repurchased 156,319 common units under the Common Unit Repurchase Program for a total amount of $0.6 million.
  • Exercised option to redeem 2,200,000 Series B Preferred Units, representing all of the Series B Preferred Units issued and outstanding.
  • Declared quarterly cash distribution of $0.049 per common unit for the quarter ended June 30, 2025.

Statistics:

  • Net income: $27.3 million
  • Earnings per common unit (basic and diluted): $0.52
  • Adjusted net income: $28.8 million
  • Adjusted earnings per common unit (basic and diluted): $0.56
  • Adjusted EBITDA: $54.8 million
  • Fleet utilization: 99.7%
  • Series A Preferred Units distribution: $0.5625 per unit
  • Series B Preferred Units distribution: $0.614808 per unit
  • Common unit repurchase program: 156,319 common units for $0.6 million

Sources:

  • Dynagas LNG Partners LP
  • Contify.com, "Dynagas LNG Partners LP Issues Earnings Release" (September 8, 2023)
  • Yahoo Finance, "Dynagas LNG Partners LP" (n.d.)
  • PR Newswire, "Dynagas LNG Partners LP Announces Financial Results for 2025" (September 8, 2023)