Company: DLNG
Filing Date: 2025-03-07
Form Type: 6-K
Source: 0001317861-25-000016
Chunk: 5

Company: Dynagas LNG Partners LP
Filing Date: 2025-03-07
Form: 6-K
Chunk 5
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 The increase of $1.1 million, or 4.0%, was mainly attributable to the above-mentioned increase in cash voyage revenues of the Arctic Aurora. Net Interest and finance costs were $5.5 million in the three months ended December 31, 2024 as compared to $9.0 million in the corresponding period of 2023, which represents a decrease of $3.5 million, or 38.9%, mainly due to the reduction in interest-bearing debt in the three months ended December 31, 2024, compared to the corresponding period in 2023, resulting from the refinancing of the Partnership’s indebtedness in June 2024. For the three months ended December 31, 2024, the Partnership reported basic and diluted Earnings per common unit and Adjusted Earnings per common unit, (a non- GAAP financial measure) of $0.29 and $0.32, respectively, after taking into account the distributions relating to the Series A Preferred Units and the Series B Preferred Units on the Partnership’s Net Income/Adjusted Net Income. Earnings per common unit and Adjusted Earnings per common unit, basic and diluted, were calculated on the basis of a weighted average number of 36,791,279 common units outstanding during the period and in the case of Adjusted Earnings per common unit after reflecting the impact of certain adjustments presented in Appendix B of this press release. 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. Amounts relating to variations in period on period comparisons shown in this section are derived from the condensed financials presented below. (1)Average daily hire gross of commissions is a non-GAAP financial measure and represents voyage revenue excluding the non-cash time charter deferred revenue amortization, as well as the revenues attributable to the value of the EUAs to be provided to the Partnership pursuant to the terms of its agreements with the charterers, divided by the Available Days in the Partnership’s fleet as described in Appendix B. Liquidity/ Financing/ Cash Flow Coverage During the three months ended December 31, 2024, the Partnership generated net cash from operating activities of $32.5 million as compared to $20.2 million in the corresponding period of 202