Company: DLNG
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001104659-25-033744
Chunk: 160

Company: Dynagas LNG Partners LP
Filing Date: 2025-04-10
Form: 20-F
Item: Item 3
Chunk 160
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  Cash and cash equivalents and restricted cash at end of year            $                              68,156      $           73,752      $           79,868  

Net Cash Provided by Operating Activities

Net cash provided by operating activities increased by $27.8 million, or 43.2%, to $92.2 million for the year ended December 31, 2024, compared to $64.4 million for the year ended December 31, 2023. This increase was primarily due to the higher voyage revenues generated and the favorable working capital variations.

Net cash provided by operating activities increased by $7.1 million, or 12.4%, to $64.4 million for the year ended December 31, 2023, compared to $57.3 million for the year ended December 31, 2022. This increase was primarily due to favorable working capital variations.

Net Cash Used in Investing Activities

Net cash used in investing activities decreased by $4.2 million, or 100%, to nil for the year ended December 31, 2024, compared to $4.2 for the year ended December 31, 2023. This decrease was primarily attributable to cash used for the installation of the BWTS on the Arctic Aurora, the Yenisei Riverand the Lena Riverin the year ended December 31, 2023.

Net cash used in investing activities increased by $0.6 million, or 16.7%, to $4.2 million for the year ended December 31, 2023, as compared to $3.6 million for the year ended December 31, 2022. This increase was primarily attributable to cash used for the installation of the BWTS on the Arctic Aurora, the Yenisei Riverand the Lena Rivercompared to cash used for installation of BWTS on other three vessels in 2022.

Net Cash Used in Financing Activities

Net cash used in financing activities increased by $31.4 million, or 47.4%, from net cash used in financing activities of $66.3 million in the year ended December 31, 2023, to net cash used in financing activities of $97.7 million in the year ended December 31, 2024. This increase is mainly due to: (a) the increase in the repayments of long- term debt by $363.4 million, due to the amounts paid for the full prepayment of the $675 Million Credit Facility