Dynagas LNG Partners LP Reports Q3 2024 Results

TL;DR

Dynagas LNG Partners LP dropped its Q3 2024 earnings report on Nov 22, 2024.

AI Summary

Dynagas LNG Partners LP reported its financial results for the three and nine months ended September 30, 2024, on November 22, 2024. The filing incorporates a press release detailing these results, which are incorporated by reference into the Form 6-K.

Why It Matters

This filing provides investors with the latest financial performance data for Dynagas LNG Partners LP, crucial for assessing the company's operational health and investment potential.

Risk Assessment

Risk Level: low — This is a routine financial results filing with no new material events or significant changes indicated.

Key Players & Entities

• Dynagas LNG Partners LP (company) — Registrant
• November 22, 2024 (date) — Filing date and press release date
• September 30, 2024 (date) — Reporting period end date

FAQ

Key Financial Figures

• $37.5 million — per common unit (basic and diluted) of $37.5 million and $0.75, respectively; Adjusted Net
• $0 — basic and diluted) of $37.5 million and $0.75, respectively; Adjusted Net Income
• $39.2 million — pectively; Adjusted Net Income (1) of $39.2 million and Adjusted Earnings per common unit (
• $0.80 — common unit (1) (basic and diluted) of $0.80; Adjusted EBITDA (1) $86.5 million; a
• $86.5 million — iluted) of $0.80; Adjusted EBITDA (1) $86.5 million; and 100% fleet utilization (2) . Qua
• $15.1 million — per common unit (basic and diluted) of $15.1 million and $0.32, respectively; Adjusted Net
• $14.5 million — pectively; Adjusted Net Income (1) of $14.5 million and Adjusted Earnings per common unit (
• $0.30 — common unit (1) (basic and diluted) of $0.30; Adjusted EBITDA (1) $28.9 million;
• $28.9 million — iluted) of $0.30; Adjusted EBITDA (1) $28.9 million; 100% fleet utilization (2) ; and Dec
• $0.5625 — eclared and paid a cash distribution of $0.5625 per unit on the Partnerships Series A P
• $0.714537806 — rom May 12, 2024 to August 11, 2024 and $0.714537806 per unit on the Series B Preferred Unit
• $0.69999031 — clared a quarterly cash distribution of $0.69999031 on the Partnerships Series B Preferred
• $10 million — the repurchase of up to an aggregate of $10 million of the Partnerships outstanding common
• $15.1 m — er of 2024, we reported a Net Income of $15.1 million, with earnings per common unit of
• $0.32 — llion, with earnings per common unit of $0.32. Adjusted EBITDA and Adjusted Net Incom

Filing Documents

• f112224dlng6k.htm (6-K) — 198KB
• f112224dlng6k002.gif (GRAPHIC) — 14618KB
• 0001317861-24-000056.txt ( ) — 20327KB

SIGNATURES

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: November 22, 2024 DYNAGAS LNG PARTNERS LP By: /s/ Tony Lauritzen Name: Tony Lauritzen Title: Chief Executive Officer Exhibit 99.1 DYNAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 ATHENS November 22, 2024 Dynagas LNG Partners LP (NYSE: DLNG) (the Partnership), an owner and operator of liquefied natural gas (LNG) carriers, today announced its results for the three and nine months ended September 30, 2024. Nine months Highlights: Net Income and Earnings per common unit (basic and diluted) of $37.5 million and $0.75, respectively; Adjusted Net Income (1) of $39.2 million and Adjusted Earnings per common unit (1) (basic and diluted) of $0.80; Adjusted EBITDA (1) $86.5 million; and 100% fleet utilization (2) . Quarter Highlights: Net Income and Earnings per common unit (basic and diluted) of $15.1 million and $0.32, respectively; Adjusted Net Income (1) of $14.5 million and Adjusted Earnings per common unit (1) (basic and diluted) of $0.30; Adjusted EBITDA (1) $28.9 million; 100% fleet utilization (2) ; and Declared and paid a cash distribution of $0.5625 per unit on the Partnerships Series A Preferred Units (NYSE: DLNG PR A) for the period from May 12, 2024 to August 11, 2024 and $0.714537806 per unit on the Series B Preferred Units (NYSE: DLNG PR B) for the period from May 22, 2024 to August 21, 2024. (1) Adjusted Net Income, Adjusted Earnings per common unit and Adjusted EBITDA are not recognized measures under U.S. GAAP. Please refer to Appendix B of this press release for the definitions and reconciliation of these measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP and other related information. (2) Please refer to Appendi

Forward-Looking Statements

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, expected, 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 Partnerships 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 Partnerships 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 Partnerships view, could cause actual results to differ materially from those discussed, expressed or implie

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