Company: DLNG
Filing Date: 2025-11-20
Form Type: 6-K
Source: 0001317861-25-000061
Chunk: 4

Company: Dynagas LNG Partners LP
Filing Date: 2025-11-20
Form: 6-K
Chunk 4
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 to the lower cash revenues earned mainly due to the decrease of the daily hire rate of the Arctic Aurora in the three- month period ending September 30, 2025, and the decrease in Revenue earning days of the Yenisei River due to unscheduled repairs. The above decrease in voyage revenues was partially offset by: (i) the non-cash effect of the amortization of deferred revenues and (ii) the value of the EU ETS emissions allowances (“EUAs”) due to the Partnership by the charterers of its vessels, pursuant to the terms of its time charter agreements (the corresponding value of the abovementioned EUAs, which the Partnership is obliged to surrender to the EU authorities, is included within Voyage expenses), compared to the corresponding period in 2024. The Partnership reported average daily hire gross of commissions (3)of approximately $69,960 per day per vessel for the three-month-period ended September 30, 2025, compared to approximately $72,800 per day per vessel for the corresponding period of 2024. The Partnership’s vessels operated at 99.1% and 100% fleet utilization during the three-month periods ended September 30, 2025 and 2024, respectively . Vessel operating expenses were $8.1 million, which corresponds to a daily rate per vessel of $14,594 for the three-month period ended September 30, 2025, as compared to $8.1 million, or a daily rate per vessel of $14,656, in the corresponding period of 2024. Adjusted EBITDA (a non-GAAP financial measure) for the three months ended September 30, 2025, was $27.6 million, as compared to $28.9 million for the corresponding period in 2024. The decrease of $1.3 million, or 4.5%, was mainly attributable to the abovementioned decrease in cash voyage revenues. Net Interest and finance costs were $5.3 million in the three months ended September 30, 2025 as compared to $6.3 million in the corresponding period in 2024, which represents a decrease of $1.0 million, or 15.9%, due to (i) the reduction of the weighted average outstanding balance of the indebtedness and (ii) the decrease in the weighted average interest rate from 7.51% in the three months ended September 30, 2024 to 6.50% in the three