Company: DLNG
Filing Date: 2025-05-29
Form Type: 6-K
Source: 0001317861-25-000028
Chunk: 7

Company: Dynagas LNG Partners LP
Filing Date: 2025-05-29
Form: 6-K
Chunk 7
---
 and in the case of Adjusted Earnings per common unit after reflecting the impact of certain adjustments presented in Appendix B of this press release. Adjusted Net Income, Adjusted EBITDA, and Adjusted Earnings per common unit 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. Amounts relating to variations in period-on-period comparisons shown in this section are derived from the condensed financials presented below. (3)Average daily hire gross of commissions is a non-GAAP financial measure and represents voyage revenue excluding the non-cash time charter deferred revenue amortization, as well as the revenues attributable to the value of the EUAs to be provided to the Partnership pursuant to the terms of its agreements with the charterers, divided by the Available Days in the Partnership’s fleet as described in Appendix B. Liquidity/ Financing/ Cash Flow Coverage During the three months ended March 31, 2025, the Partnership generated net cash from operating activities of $18.1 million as compared to $11.6 million in the corresponding period of 2024, which represents an increase of $6.5 million, or 56.0% mainly as a result of working capital changes and the increase in net income for the reasons discussed above. As of March 31, 2025, the Partnership reported total cash of $70.0 million. The Partnership’s outstanding financial liabilities as of March 31, 2025, under the Sale and Leaseback agreements between the vessel owning companies of the Clean Energy, the OB River, the Amur Riverand the Arctic Aurorawith China Development Bank Financial Leasing Co. Ltd. amounted to $47.2 million, $62.6 million, $64.4 million and $137.7 million, respectively, gross of unamortized deferred loan fees. The financial liabilities under the Sale and Leaseback agreements are repayable within approximately four years for the Clean Energy, the OB Riverand the Amur Riverand within nine years for the Arctic Aurora. The Partnership has elected to exercise its option to redeem all of the issued and outstanding Series B Preferred Units. The number of Series B Preferred Units to be redeemed is 2,200,000. Following completion of the Redemption, no Series B Preferred Units will remain outstanding. The aggregate redemption payment will consist of the amount of $55 million (represent