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

Company: Dynagas LNG Partners LP
Filing Date: 2025-03-07
Form: 6-K
Chunk 6
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3, which represents an increase of $12.3 million, or 60.9% mainly as a result of the increase in the adjusted EBITDA net of working capital changes and the decrease of interest and finance costs. As of December 31, 2024, the Partnership reported total cash of $68.2 million. The Partnership’s outstanding financial liabilities as of December 31, 2024, under the Sale and Leaseback agreements between the vessel owning companies of the Clean Energy, the OB River, the Amur Riverand the Arctic Aurorawith China Development Bank Financial Leasing Co. Ltd. amounted to $49.3 million, $65.5 million, $67.3 million and $140.8 million, respectively, gross of unamortized deferred loan fees. The financial liability is repayable within approximately four years for the Clean Energy, the OB Riverand the Amur Riverand within nine years for the Arctic Aurora. Vessel Employment As of December 31, 2024, the Partnership had estimated contracted time charter coverage (1)for 100% of its fleet estimated Available Days (as defined in Appendix B) for each of 2025, 2026, and 2027. As of the same date, the Partnership’s estimated contracted revenue backlog (2) (3)was $1.0 billion, with an average remaining contract term of 6.1 years. (1)Time charter coverage for the Partnership’s fleet is calculated by dividing the fleet contracted days on the basis of the earliest estimated delivery and redelivery dates prescribed in the Partnership’s current time charter contracts, net of scheduled class survey repairs by the number of expected Available Days during that period. (2)The Partnership calculates its estimated contracted revenue backlog by multiplying the contractual daily hire rate by the expected number of days committed under the contracts (assuming earliest delivery and redelivery and excluding options to extend), assuming full utilization. The actual amount of revenues earned and the actual periods during which revenues are earned may differ from the amounts and periods disclosed due to, for example, dry-docking and/or special survey downtime, maintenance projects, off-hire downtime and other factors that result in lower revenues than the Partnership’s average contract backlog per day. (3)$0.11 billion of the revenue backlog estimate relates to the estimated portion of the hire contained in certain time charter contracts with Yamal Trade Pte. Ltd., which represents the operating expenses of the respective vessels and is subject to yearly adjustments on the basis of