Dynagas lng partners lp reports results for the three months ended march 31, 2025 and full redemption of 8.75% series b cumulative redeemable perpetual fixed to floating preferred units

Athens, greece, may 27, 2025 (globe newswire) -- dynagas lng partners lp (nyse: “dlng”) (the “partnership”), an owner and operator of liquefied natural gas (“lng”) carriers, today announced its results for the three months ended march 31, 2025. quarter highlights: net income and earnings per common unit (basic and diluted) of $13.6 million and $0.28, respectively; adjusted net income(1) of $14.3 million and adjusted earnings per common unit(1) (basic and diluted) of $0.30; adjusted ebitda(1) of $27.1 million; 100% fleet utilization(2); declared and paid a cash distribution of $0.5625 per unit on the partnership's series a preferred units (nyse: dlng pr a) for the period from to november 12, 2024 to february 11, 2025 and $0.677286319 per unit on the series b preferred units (nyse: dlng pr b) for the period from november 22, 2024 to february 23, 2025; declared a quarterly cash distribution of $0.049 per common unit for the quarter ended december 31, 2024, which was paid on february 27, 2025; and during the first quarter of 2025 and through the date of this press release, repurchased 216,185 common units under the common unit repurchase program, which authorizes the repurchase of up to an aggregate of $10 million of the partnership's outstanding common units over the 12-month period beginning november 21, 2024 (the “repurchase program”), for a total amount of $0.8 million, at an average gross price of $3.62 per common unit.
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