Company: DLNG
Filing Date: 2025-11-20
Form Type: 6-K
Source: 0001317861-25-000061
Chunk: 2

Company: Dynagas LNG Partners LP
Filing Date: 2025-11-20
Form: 6-K
Chunk 2
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 Preferred unitholders of record as of November 4, 2025; · Declared a quarterly cash distribution of $0.050 per common unit for the quarter ended September 30, 2025, which was paid on November 14, 2025, to all common unitholders of record as of November 10, 2025; and · During the fourth quarter of 2025 and through the date of this press release, repurchased 148,933 common units under the Common Unit Repurchase Program, which authorizes the repurchase of up to an aggregate of $10.0 million of the Partnership’s outstanding common units over the 12-month period that began November 21, 2024 (the “Repurchase Program”), for a total amount of $0.5 million, at an average gross price of $3.57 per common unit. As of the date of this release, we have 36,382,011 common units outstanding and $8.4 million of remaining capacity under the Repurchase Program, which expires on November 21, 2025. The Partnership intends to renew the Repurchase Program for a further 12 months. Full Redemption of Series B Preferred Units On July 25, 2025 (the “Redemption Date” and such redemption the “Redemption”) the Partnership redeemed all of the issued and outstanding Series B Preferred Units. The redemption price was equal to $25.00 per redeemed Series B Preferred Unit, plus an amount of $0.45258267, equal to all accumulated and unpaid distributions thereon to the Redemption Date, whether or not declared, which was paid in cash on the Redemption Date. CEO Commentary: We are pleased to report strong financial results for the third quarter of 2025, which demonstrated significant improvement in net income versus both last quarter and one year ago. Our fleet maintained a utilization rate of 99.1% for the quarter and delivered Adjusted EBITDA of $27.6 million and Adjusted Net Income of $14.2 million for the quarter. Our fleet-wide Time Charter Equivalent (TCE) of $67,094 per day comfortably exceeded our cash breakeven for the quarter of approximately $47,500, allowing us to continue generating stable free cash flow. We continue to focus our efforts on increasing value for our common unitholders by striving to strike a responsible balance between reducing leverage and returning capital in a sustainable manner while navigating the ongoing geopolitical environment. Consistent with this focus, our Board of