Dynagas LNG ( (DLNG) ) has released its Q3 earnings. Here is a breakdown of the information Dynagas LNG presented to its investors.
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Dynagas LNG Partners LP is a master limited partnership that owns and operates liquefied natural gas (LNG) carriers on multi-year charters, with a fleet of six LNG carriers and a total carrying capacity of approximately 914,000 cubic meters. The company is primarily engaged in the LNG shipping industry, focusing on long-term charters for stable revenue generation.
In its latest earnings report for the three and nine months ended September 30, 2025, Dynagas LNG Partners LP reported a net income of $45.9 million and $18.7 million for the nine-month and three-month periods, respectively. The company maintained a high fleet utilization rate of 99.5% for the nine months and 99.1% for the quarter, reflecting strong operational efficiency.
Key financial highlights include an adjusted EBITDA of $82.4 million for the nine-month period and $27.6 million for the quarter. The company also declared and paid cash distributions on its Series A Preferred Units and common units, while fully redeeming its Series B Preferred Units. Additionally, Dynagas repurchased 148,933 common units under its repurchase program, showcasing its commitment to returning capital to unitholders.
Looking ahead, Dynagas LNG Partners remains optimistic about the long-term fundamentals of LNG shipping, driven by new LNG export projects and global energy demand. The company plans to continue focusing on reducing leverage and returning capital sustainably, while exploring growth opportunities in adjacent shipping sectors to maximize unitholder returns.
Overall, Dynagas LNG Partners LP is well-positioned to capitalize on the growing demand for LNG transportation, supported by its strategic focus on long-term charters and operational efficiency.