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

Company: Dynagas LNG Partners LP
Filing Date: 2025-09-09
Form: 6-K
Chunk 6
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 compared to $37.6 million for the corresponding period in 2024, which represents a net increase of $1.0 million, or 2.7%. This increase is mainly attributable to (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). The above increase in voyage revenues was partially offset by 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 June 30, 2025, compared to the corresponding period in 2024. The Partnership reported average daily hire gross of commissions (3)of approximately $70,730 per day per vessel for the three-month-period ended June 30, 2025, compared to approximately $72,010 per day per vessel for the corresponding period of 2024. The Partnership’s vessels operated at 99.4% and 100% fleet utilization during the three-month periods ended June 30, 2025 and 2024, respectively . Vessel operating expenses were $7.7 million, which corresponds to a daily rate per vessel of $14,189 for the three-month period ended June 30, 2025, as compared to $7.7 million, or a daily rate per vessel of $14,141, in the corresponding period of 2024. Adjusted EBITDA (a non-GAAP financial measure) for the three months ended June 30, 2025, was $27.7 million, as compared to $28.6 million for the corresponding period in 2024. The decrease of $0.9 million, or 3.1%, was mainly attributable to the abovementioned decrease in cash voyage revenues and other expenses. Net Interest and finance costs were $5.2 million in the three months ended June 30, 2025 as compared to $8.2 million in the corresponding period in 2024, which represents a decrease of $3.0 million, or 36.6%, due to (i) the reduction in interest-bearing debt, resulting from the refinancing of the Partnership’s indebtedness in June 2024, and (ii) the decrease