Company: DLNG
Filing Date: 2025-11-20
Form Type: 6-K
Source: 0001317861-25-000061
Chunk: 3

Company: Dynagas LNG Partners LP
Filing Date: 2025-11-20
Form: 6-K
Chunk 3
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48 | $ |                           0.32 |     | $                 |                           0.99 | $ |                           0.75 |
| Adjusted Earnings  per common unit (1)            | $                  |                           0.36 | $ |                           0.30 |     | $                 |                           0.91 | $ |                           0.80 |

(1)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 and other related information. Three Months Ended September 30, 2025 and 2024 Financial Results Net Income for the three months ended September 30, 2025, was $18.7 million as compared to $15.1 million for the corresponding period in 2024, which represents an increase of $3.6 million, or 23.8%. The increase in Net Income for the three months ended September 30, 2025, compared to the corresponding quarter of 2024 was mainly attributable to: (a) the increase of other income from insurance claims for damages incurred in prior years, (b) the decrease in Net Interest and finance costs, as explained below and (c) the decrease in General and administrative expenses, compared to the corresponding period in 2024. The above was partially offset by the decrease in voyage revenues, as explained below, and the decrease in gain on the interest rate swap transaction which expired in September 2024. Adjusted Net Income (a non-GAAP financial measure) for the three months ended September 30, 2025, was $14.2 million compared to $14.5 million for the corresponding period in 2024, which represents a net decrease of $0.3 million, or 2.1%. This decrease is mainly attributable to the decrease of cash revenues, which was partially offset by the decrease in interest and finance costs and the decrease of General and administrative expenses, compared to the corresponding period of 2024. Voyage revenues for the three months ended September 30, 2025, were $38.9 million as compared to $39.1 million for the corresponding period in 2024, which represents a net decrease of $0.2 million, or 0.5%. This decrease is mainly attributable