Dynagas Lng Partners Lp · NYSE:DLNG
Dynagas Lng Partners Lp — Q4 2024 Earnings Presentation
11 slides from Dynagas Lng Partners Lp's earnings presentation, Mar 6, 2025
Slide 1: Q4 2024 Financial Results Presentation
Q4 2024 Financial Results Presentation 6 March, 2025
Slide 2: Forward Looking Statements and Disclaimer
Forward Looking Statements and Disclaimer This presentation contains certain statements that may be deemed to be “forward-looking statements” within the meaning of applicable federal securities laws. All statements included in this presentation which are not historical or current facts (including ou
Slide 3: Forward Looking Statements and Disclaimer
Forward Looking Statements and Disclaimer borrowings and to access debt and equity markets; planned capital expenditures and availability of capital resources to fund capital expenditures; our ability to maintain long-term relationships with major LNG traders; our ability to leverage our Sponsor’s r
Slide 4: Financial Summary q4 2024
Financial Summary q4 2024 Quarter Highlights ▪ Improved financial performance: Increase in Adjusted EBITDA and Adjusted In USD thousands, except TCE q4 2024 q3 2024 q4 2023 Net Income relative to q4 2023 primarily due to increase in cash revenues Voyage Revenues 41,664 39,069 36,950 on the Arctic Au
Slide 5: Cash Flow Generation and Capital Structure
Cash Flow Generation and Capital Structure ($) thousands ($) millions $90,000 $9,240 $28,523 $80,000 -$5,308 -$11,042 $70,000 $68,156 -$5,031 -$247 $60,000 $344 $323 $52,021 $50,000 $40,000 $30,000 $54 $73 $20,000 $10,000 Senior Secured Debt Series A Preferred Units Series B Preferred Units Common B
Slide 6: Debt Highlights
Debt Highlights ▪ Debt Outstanding: $323m on four LNG carriers, with two vessels debt-free. NET DEBT / EBITDA 6.0 ▪ Financial leverage metrics continue to strengthen with $400m in 5.0 debt paid since end 2018. 4.0 ▪ Current lease financing with amortization of $44m per year further de-risking the ba
Slide 7: Fleet Profile
Fleet Profile Fleet ◼ 6 LNG carriers Total cbm capacity ◼ 914,100 cbm (149,700 cbm for steam turbine LNG fleet, 155,000 cbm for the tri-fuel diesel engine LNG fleet (TFDE’s)) Fleet average age ◼ ~14.6 years(1) Average remaining charter ◼ ~5.9 years(1)(2) duration ◼ Equinor (Norway), SEFE Marketing &
Slide 8: Fleet Employment Overview
Fleet Employment Overview Fi rm charter peri od Optional char ter period Av ailable All 6 Vessels are Leveraging on 100%, 100%, 100% and Total estimated contract Contracts for Yenisei fixed on term innovative technical 64% contracted fleet backlog of approximately River and Lena River Key Commercial
Slide 9: Appendix
Appendix 8
Slide 10: Reconciliation of Net Income to adjusted Net Income and Adjusted Earnings per Common Unit
Reconciliation of Net Income to adjusted Net Income and Adjusted Earnings per Common Unit Three Months Ended Twelve Months Ended December 31, December 31, (In thousands of U.S. dollars except for units and per unit data) 2024 2023 2024 2023 (unaudited) (unaudited) Net Income $ 14,079 $ 10,462 $ 51,5
Slide 11: Reconciliation of Net income to Adjusted EBITDA
Reconciliation of Net income to Adjusted EBITDA Three Months Ended Twelve Months Ended December 31, December 31, (In thousands of U.S. dollars) 2024 2023 2024 2023 (unaudited) (unaudited) Net income $ 14,079 $ 10,462 $ 51,591 $ 35,872 Net interest and finance costs (1) 5,450 9,012 28,629 36,617 Depr