Company: DLNG
Filing Date: 2025-03-07
Form Type: 6-K
Source: 0001317861-25-000016
Chunk: 3

Company: Dynagas LNG Partners LP
Filing Date: 2025-03-07
Form: 6-K
Chunk 3
---
 this release. We anticipate, assuming no unforeseen events, no vessel availability until 2028. As of March 6, 2025, our estimated contract backlog stands at approximately $1.0 billion. Following the refinancing of our outstanding debt in June 2024, our financial leverage has improved significantly with two of our vessels now debt-free and a reduced annual debt amortization of $44 million. With no debt maturities until 2029 and contracted cash flows above our cash breakeven point, we continue to focus on strengthening our balance sheet to ensure enduring financial flexibility and sustained enhancement of common unitholder value. Russian Sanctions Developments Due to the ongoing Russian conflict with Ukraine, the United States (“U.S.”), European Union (“E.U.”), Canada and other Western countries and organizations have announced and enacted numerous sanctions against Russia to impose severe economic pressure on the Russian economy and government. As of today’s date: · Current U.S. and E.U. sanctions regimes do not materially affect the business, operations or financial condition of the Partnership and, to the Partnership’s knowledge, its counterparties are currently performing their obligations under their respective time charters in compliance with applicable U.S. and E.U. rules and regulations; and · Sanctions legislation continually changes and the Partnership continues to monitor such changes as applicable to the Partnership and its counterparties. The full impact of the commercial and economic consequences of the Russian conflict with Ukraine is uncertain at this time. The Partnership cannot provide any assurance that any further development in sanctions, or escalation of the Ukraine conflict more generally, will not have a significant impact on its business, financial condition or results of operations. Please see the section of this press release entitled “Forward Looking Statements.” Financial Results Overview:

| (U.S. dollars in thousands, except per unit data) | Three Months Ended | December 31, 2024 (unaudited) |     | December 31, 2023 (unaudited) |     | Twelve Months Ended | December 31, 2024 (unaudited) |     | December 31, 2023 (unaudited) |
|:--------------------------------------------------|:-------------------|------------------------------:|:----|------------------------------:|:----|:--------------------|------------------------------:|:----|------------------------------:|
| Voyage revenues                                   | $                  |                        41,664 |     |                        36,950 |     |                     |                       156,403 |     |                       148,878 |
| Net