Company: DLNG
Filing Date: 2025-09-09
Form Type: 6-K
Source: 0001317861-25-000049
Chunk: 13

Company: Dynagas LNG Partners LP
Filing Date: 2025-09-09
Form: 6-K
Chunk 13
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CE rate”) is a measure of the average daily revenue performance of a vessel. For time charters, we calculate TCE rate by dividing total voyage revenues, less any voyage expenses, by the number of Available Days during the relevant time period. Under a time charter, the charterer pays substantially all vessel voyage related expenses. However, the Partnership may incur voyage related expenses when positioning or repositioning vessels before or after the period of a time charter, during periods of commercial waiting time or while off-hire during dry-docking or due to other unforeseen circumstances. The TCE rate is not a measure of financial performance under U.S. GAAP (non-GAAP measure), and should not be considered as an alternative to voyage revenues, the most directly comparable GAAP measure, or any other measure of financial performance presented in accordance with U.S. GAAP. However, the TCE rate is a standard shipping industry performance measure used primarily to compare period-to-period changes in a company’s performance despite changes in the mix of charter types (such as time charters, voyage charters) under which the vessels may be employed between the periods and to assist the Partnership’s management in making decisions regarding the deployment and use of the Partnership’s vessels and in evaluating their financial performance. The Partnership’s calculation of TCE rates may not be comparable to that reported by other companies due to differences in methods of calculation. The following table reflects the calculation of the Partnership’s TCE rates for the periods presented (amounts in thousands of U.S. dollars, except for TCE rates, which are expressed in U.S. dollars, and Available Days):

| (In thousands of U.S. dollars, except for Available Days and TCE rate) |   | Three Months Ended       June 30, 
                              2025 
                       (unaudited) |   |   2024 |   | Six Months Ended           June 30, 
                                2025 
                         (unaudited) |   |   2024 |
|:-----------------------------------------------------------------------|:--|----------------------------------:|:--|-------:|:--|------------------------------------:|:--|-------:|
| Voyage revenues                                                        | $ |                            38,613 | $ | 37,615 | $ |                              77,720 | $ | 75,670 |
| Voyage Expenses *                                                      |   |                            -1,549 |   |   -851 |   |                              -3,289 |   | -1,708 |
| Time