Dynagas Lng Partners Lp · NYSE:DLNG
Dynagas Lng Partners Lp — Q1 2026 Earnings Presentation
12 slides from Dynagas Lng Partners Lp's earnings presentation, May 29, 2026
Slide 1: Q1 2026 Financial Results Presentation
Q1 2026 Financial Results Presentation 29 May 2026 0
Slide 2: 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 principles in the U.S. (“GAAP”), and which
Slide 3: 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 predict and are beyond the Partnership’s
Slide 4: Highlights
Highlights Returning Capital to Common Unitholders ▪ Declared a quarterly cash distribution of $0.050 per common unit for the quarter ended March 31, 2026, which was paid on May 22, 2026 to all common unitholders of record as of May 18, 2026. Q1 2026 Financial Results ▪ Net Income and Earnings per c
Slide 5: Financial Summary q1 2026
Financial Summary q1 2026 Quarter Highlights ▪ Net Income increased vs. q1 2025, driven by other income from In USD thousands, except TCE q1 2026 q4 2025 q1 2025 insurance claims for damages incurred in prior years and lower interest Voyage Revenues 39,938 40,013 39,107 and finance costs, partially
Slide 6: Cash Flow Generation and Capital Structure
Cash Flow Generation and Capital Structure q1 2026 Cash Flow Generation ($ thousands) 31.03.26 Capital Structure ($m) $80,000 $70,000 $4,893 $24,259 $1,242 $60,000 -$3,855 -$11,042 $53,027 $50,000 -$3,509 $268 $41,039 $40,000 $414 $30,000 $73 $20,000 Senior Secured Debt $10,000 Series A Preferred Un
Slide 7: Debt Highlights
Debt Highlights ▪ Debt Outstanding: $267.7m on four LNG carriers, with two vessels NET DEBT / EBITDA debt-free. 2.5 ▪ Financial leverage metrics continue to improve with $455m in debt paid since end 2018 and net debt / EBITDA of 1.6x. 2.0 ▪ Current lease financing with amortization of $44m per year
Slide 8: 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 ◼ ~15.8 years(1) Average remaining charter ◼ ~4.7 years(1)(2)(3) duration ◼ Equinor (Norway), SEFE Marketin
Slide 9: Fleet Employment Overview
Fleet Employment Overview Firm charter period Optional charter period Available 100%, 100%, 65% Total estimated contract Fleet All 6 Vessels are and 50% contracted backlog of approximately fleet for 2026,2027, $0.78 billion(3) ~ 4.7 years Employment fixed on term Highlights 2028, and 2029 remaining
Slide 10: Appendix
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Slide 11: Reconciliation of Net Income to Adjusted Net Income and Adjusted Earnings per common unit
Reconciliation of Net Income to Adjusted Net Income, Common Unitholders’ Interest in Adjusted Net Income and Adjusted Earnings per common unit Three Months Ended March 31, (In thousands of U.S. dollars except for units and per unit data) 2026 2025 Net Income $ 17,426 $ 13,570 Amortization of deferre
Slide 12: Reconciliation of Net income to Adjusted EBITDA
Reconciliation of Net income to Adjusted EBITDA Three Months Ended March 31, (In thousands of U.S. dollars) 2026 2025 Net income $ 17,426 $ 13,570 Net interest and finance costs (1) 3,974 4,866 Depreciation 7,906 7,906 Amortization of deferred revenue (207) 693 Amortization of deferred charges 53 53