Company: DLNG
Filing Date: 2025-05-29
Form Type: 6-K
Source: 0001317861-25-000028
Chunk: 6

Company: Dynagas LNG Partners LP
Filing Date: 2025-05-29
Form: 6-K
Chunk 6
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 $72,190 per day per vessel for the three-month-period ended March 31, 2025, compared to approximately $72,770 per day per vessel for the corresponding period of 2024. The Partnership’s vessels operated at 100% fleet utilization during the three-month periods ended March 31, 2025 and 2024 . Vessel operating expenses were $8.7 million, which corresponds to a daily rate per vessel of $16,169 for the three-month period ended March 31, 2025, as compared to $7.7 million, or a daily rate per vessel of $14,103, in the corresponding period of 2024. This increase is mainly attributable to increased planned technical maintenance on one of the Partnership’s vessels in the three-month period ended March 31, 2025. Adjusted EBITDA (a non-GAAP financial measure) for the three months ended March 31, 2025, was $27.1 million, as compared to $29.0 million for the corresponding period of 2024. The decrease of $1.9 million, or 6.6%, was mainly attributable to the above-mentioned increase in voyage expenses and the vessel operating expenses. Net Interest and finance costs were $4.9 million in the three months ended March 31, 2025 as compared to $8.7 million in the corresponding period of 2024, which represents a decrease of $3.8 million, or 43.7%, due to (i) the reduction in interest-bearing debt, resulting from the refinancing of the Partnership’s indebtedness in June 2024 and (ii) the decrease in the weighted average interest rate from 8.44% in the three months ended March 31, 2024 to 6.52% in the three months ended March 31, 2025. For the three months ended March 31, 2025, the Partnership reported basic and diluted Earnings per common unit and Adjusted Earnings per common unit (a non- GAAP financial measure), of $0.28 and $0.30, respectively, after taking into account the distributions relating to the Series A Preferred Units and the Series B Preferred Units on the Partnership’s Net Income/Adjusted Net Income. Earnings per common unit and Adjusted Earnings per common unit, basic and diluted, were calculated on the basis of a weighted average number of 36,737,635 common units outstanding during the period