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Dynagas LNG Partners LP Announces Cash Distribution for the Quarter Ended September 30, 2026 of $0.05 Per Common Unit and Sanctions Update

DLNG
  • Dynagas LNG Partners LP announced a quarterly cash distribution of $0.05 per common unit for the quarter ended September 30, 2026.
  • The distribution is payable on or about November 20, 2026 to unitholders of record as of November 13, 2026.
  • New U.K. sanctions regulations enacted on May 20, 2026, prohibit maritime transportation services for Russian-origin LNG subject to limited exceptions.
  • The prohibition applies to existing supply contracts exceeding one year duration executed before June 17, 2025, beginning January 1, 2027.
  • Dynagas operates two vessels, the Yenisei River & Lena River, under time charters with Yamal Trade Pte. Ltd. extending to 2033 & 2034.
  • From January 1, 2027, Dynagas must replace U.K.-based service providers such as insurers for these vessels with providers outside the U.K.
  • There is no assurance that replacement services will be available on comparable terms or at all.
  • Failure to secure replacement services could disrupt vessel operations, cause off-hire periods, result in additional costs, or lead to charter disputes & early termination.
  • Loss of revenue from the Yamal Charters would have a material adverse effect on Dynagas' financial condition & could trigger a debt default.
  • For the six months ended June 30, 2026, Yamal Trade Pte. Ltd. accounted for 34.5% of Dynagas' total revenues.
  • Dynagas is a master limited partnership owning six LNG carriers with an aggregate capacity of approximately 914,000 cubic meters.