Company: DLNG
Filing Date: 2025-09-09
Form Type: 6-K
Source: 0001317861-25-000049
Chunk: 5

Company: Dynagas LNG Partners LP
Filing Date: 2025-09-09
Form: 6-K
Chunk 5
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                                | $                  |                    27,687 | $ |                    28,561 |     | $                |                    54,775 | $ |                    57,564 |
| Earnings per common unit                          | $                  |                      0.23 | $ |                      0.20 |     | $                |                      0.52 | $ |                      0.43 |
| Adjusted Earnings  per common unit (1)            | $                  |                      0.25 | $ |                      0.25 |     | $                |                      0.56 | $ |                      0.50 |

(1)Adjusted Net Income, Adjusted EBITDA and Adjusted Earnings per common unit are not recognized measures under U.S. GAAP. Please refer to Appendix B of this press release for the definitions and reconciliation of these measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP and other related information. Three Months Ended June 30, 2025 and 2024 Financial Results Net Income for the three months ended June 30, 2025, was $13.7 million as compared to $10.7 million for the corresponding period in 2024, which represents an increase of $3.0 million, or 28.0%. The increase in Net Income for the three months ended June 30, 2025, compared to the corresponding quarter of 2024 was mainly attributable to the decrease in interest and finance costs and the increase in voyage revenues due to certain non-cash items, as explained below. The above increase in Net Income compared to the corresponding quarter of 2024 was partially offset by the increase in voyage expenses, as well as by the decrease in gain on the interest rate swap transaction which expired in September 2024 and the increase of other expenses. Adjusted Net Income (a non-GAAP financial measure) for the three months ended June 30, 2025, was $14.5 million compared to $12.4 million for the corresponding period in 2024, which represents a net increase of $2.1 million, or 16.9%. This increase is mainly attributable to the decrease in interest and finance costs, which was partially offset by the increase of the other expenses and the decrease of cash revenues, compared to the corresponding period of 2024. Voyage revenues for the three months ended June 30, 2025, were $38.6 million as