Dynagas Lng Partners Lp · NYSE:DLNG
Dynagas Lng Partners Lp — Q2 2026 Earnings Presentation
14 slides from Dynagas Lng Partners Lp's earnings presentation, Sep 8, 2026
Slide 1: Q2 2026 Financial Results Presentation
NYSE: DLNG Q2 2026 Financial Results Presentation 8 September 2026 0
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements Disclaimer and Forward-Looking Statements Disclaimer The financial information and data contained in this presentation is unaudited. This presentation includes certain numerical measures that are not derived in accordance with generally accepted accounting p
Slide 3: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements Disclaimer and Forward-Looking Statements Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to
Slide 4: Highlights
Highlights Q2 2026 Financial Results ▪ Net Income and Earnings per common unit (basic and diluted) of $16.0 million and $0.39, respectively; ▪ Adjusted Net Income(1) of $15.8 million and Adjusted Earnings per common unit(1) (basic and diluted) of $0.39; ▪ Adjusted EBITDA(1) of $27.6 million; ▪ 96.2%
Slide 5: Financial Summary Q2 2026
Financial Summary Q2 2026 Quarter Highlights In USD thousands, except TCE Q2 2026 Q1 2026 Q2 2025 ▪ Net Income and Adjusted Net Income(2) increase vs. Q2 2025, driven by Voyage Revenues 41,188 39,938 38,613 the higher time charter rate earned by Clean Energy under its new time Operating Income 19,81
Slide 6: Cash Flow Generation and Capital Structure
Cash Flow Generation and Capital Structure June 30, 2026 Q2 2026 Cash Flow Generation ($ thousands) Capital Structure ($m) $90,000 $27,642 $80,000 -$3,721 -$2,911 $70,000 $60,000 -$11,042 $59,486 -$3,509 $257 $53,027 $50,000 $426 $40,000 $73 $30,000 $20,000 Lease Financing $10,000 Series A Preferred
Slide 7: Debt Highlights
Debt Highlights Debt Highlights ▪ Debt Outstanding: $256.6m on four LNG carriers, with two vessels NET DEBT / LTM EBITDA (2) debt-free. 2.5 ▪ Financial leverage metrics continue to strengthen with $466m in debt paid since end 2018. 2.0 ▪ Current lease financing with amortization of $44m per year fur
Slide 8: Fleet Profile
Fleet Profile Fleet Profile Fleet ◼ 6 LNG carriers ◼ 914,100 cbm (149,700 cbm for steam turbine LNG fleet, 155,000 cbm for the tri-fuel Total cbm capacity diesel engine LNG fleet (TFDE’s)) Fleet average age ◼ ~16.1 years(1) Average remaining charter ◼ ~4.4 years(1)(2)(3) duration ◼ Equinor (Norway),
Slide 9: Fleet Employment Overview
Fleet Employment Overview Firm charter period Optional charter period Available All 6 Vessels are 100%, 100% and Total estimated contract Clean Energy, Ob River and Amur River are fixed on term 65% contracted fleet backlog of approximately scheduled for drydocking in 2027, and Arctic Aurora in contr
Slide 10: Russian Sanctions - Status and Impact on Partnership
Russian Sanctions - Status and Impact on Partnership Current Status ▪ European Union. The 19th sanctions package, adopted on October 23, 2025, prohibits EU operators from transferring Russian LNG. The 21st package, adopted on July 23, 2026, provides that this prohibition will not apply until July 25
Slide 11: Appendix
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Slide 12: Reconciliation of Net Income to Adjusted Net Income
Reconciliation of Net Income to Adjusted Net Income, Common Unitholders’ Interest in Adjusted Net Income and Adjusted Earnings per common unit Three Months Ended Six Months Ended June 30, June 30, (In thousands of U.S. dollars except for units and per unit data) 2026 2025 2026 2025 (unaudited) (unau
Slide 13: Reconciliation of Net income to Adjusted EBITDA
Reconciliation of Net income to Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, (In thousands of U.S. dollars) 2026 2025 2026 2025 (unaudited) (unaudited) Net income $ 15,957 $ 13,709 $ 33,383 $ 27,279 Net interest and finance costs (1) 3,837 5,230 7,811 10,096 Depreciation 7,9
Slide 14: Fleet Statistics
Fleet Statistics Three Months Ended June 30, Six Months Ended June 30, (expressed in United states dollars except for operational data) 2026 2025 2026 2025 (unaudited) (unaudited) Number of vessels at the end of period 6 6 6 6 Average number of vessels in the period (1) 6 6 6 6 Calendar Days (2) 546