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Dynagas LNG Partners LP Reports Results for the Three and Twelve Months Ended December 31, 2025

DLNG
  • Dynagas LNG Partners LP reported Net Income of $61.6 million ($1.38 per unit) & Adjusted Net Income of $57.1 million ($1.26 per unit) for the twelve months ended December 31, 2025.
  • For the quarter ended December 31, 2025, the Partnership reported Net Income of $15.7 million ($0.38 per unit) & Adjusted Net Income of $14.1 million ($0.34 per unit).
  • Adjusted EBITDA totaled $109.2 million for the twelve-month period & $26.9 million for the quarter ended December 31, 2025.
  • Fleet utilization reached 99.3% for the full year 2025 & 98.8% for the fourth quarter.
  • The Partnership repurchased 148,933 common units for $0.5 million in the fourth quarter of 2025 under a renewed $10.0 million repurchase program expiring November 2026.
  • Cash distributions of $0.050 per common unit were declared for the quarter ended December 31, 2025, paid on February 27, 2026.
  • A cash distribution of $0.5625 per Series A Preferred Unit was declared for the period November 12, 2025 to February 11, 2026, paid on February 12, 2026.
  • Voyage revenues were $156.6 million for the twelve months ended December 31, 2025, slightly up from $156.4 million in the prior year period.
  • Net interest & finance costs decreased to $20.0 million for the year 2025 from $28.6 million in 2024 due to reduced debt balances & lower interest rates.
  • As of December 31, 2025, the fleet had 100% contracted time charter coverage for 2026 & 2027, with a revenue backlog of $0.84 billion.
  • The vessel Clean Energy is expected to be redelivered from SEFE in early April 2026 & enter a new higher-rate charter with Rio Grande LNG.
  • New E.U. sanctions effective January 1, 2027 may restrict the vessels Yenisei River & Lena River from transporting Russian-origin LNG, impacting 36% of 2025 revenues.
  • The Partnership maintains full compliance with current U.S., U.K., & E.U. sanctions regimes & closely monitors geopolitical risks in the Middle East & Russia.
  • Total cash on hand was $41.0 million as of December 31, 2025, with net cash from operating activities at $21.4 million for the quarter.
  • The CEO highlighted strong financial resilience despite volatile global LNG markets driven by Middle East tensions & reduced vessel availability.