Dynagas Lng Partners Lp · NYSE:DLNG
Dynagas Lng Partners Lp — Q4 2025 Earnings Presentation
12 slides from Dynagas Lng Partners Lp's earnings presentation, Mar 13, 2026
Slide 1: Q4 2025 Financial Results Presentation
Q4 2025 Financial Results Presentation 13 March 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 In addition to these important factors, other important factors that, in the Partnership’s view, could cause actual results to differ materially from those discussed, expressed or implied, in the forward-looking statements include, but are not limited to, th
Slide 4: Highlights
Highlights Returning Capital to Common Unitholders ▪ Declared a distribution to common unitholders for the fourth quarter of $0.050 per common unit which was paid on February 27, 2026. ▪ Repurchased 148,933 common units for $0.5M in Q4 2025 at an average price of $3.57/unit. ▪ Repurchases conducted
Slide 5: Financial Summary Q4 2025
Financial Summary q4 2025 Quarter Highlights In USD thousands, except TCE q4 2025 q3 2025 q4 2024 ▪ Net income increased vs. Q4 2024, driven by prior-year variable Voyage Revenues 40,013 38,891 41,664 hire adjustments on the Yenisei River and Lena River and lower Operating Income 18,823 18,784 19,42
Slide 6: Cash Flow Generation and Capital Structure
Cash Flow Generation and Capital Structure Q4 2025 Cash Flow Generation ($ thousands) 31.12.25 Capital Structure ($m) $70,000 $26,867 $60,000 $1,574 -$4,531 -$2,514 $50,000 $279 -$11,042 $41,039 $40,000 -$3,510 $400 $34,728 $30,000 $73 $20,000 Debt Series A Preferred Units $10,000 Common Book Equity
Slide 7: Debt Highlights
Debt Highlights ▪ Debt Outstanding: $278.7m on four LNG carriers, with two vessels NET DEBT / EBITDA debt-free. 2.5 ▪ Financial leverage metrics continue to strengthen with $444m in debt paid since end 2018. 2.0 ▪ Current lease financing with amortization of $44m per year further 1.5 de-risking the
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 ◼ ~15.6 years(1) Average remaining charter ◼ ~4.9 years(1)(2)(3) duration ◼ Equinor (Norway), SEFE Marketin
Slide 9: Fleet Employment Overview
Fleet Employment Overview Size Charterer 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Clean Energy (1 ) 150,000 Rio Grande LNG Ob River (1 ) 150,000 SEFE Amur River (1 ) 150,000 SEFE Yenisei River (2 ) 155,000 Yamal LNG (Singapore) 5+5+5 yrs Lena River (2 ) 155,000 Yamal LNG (Singapore) 5+
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 Twelve Months Ended December 31, December 31, (In thousands of U.S. dollars except for units and per unit data) 2025 2024 2025 2024 (unaud
Slide 12: Reconciliation of Net income to Adjusted EBITDA
Reconciliation of Net income to Adjusted EBITDA Three Months Ended December 31, Twelve Months Ended December 31, (In thousands of U.S. dollars) 2025 2024 2025 2024 (unaudited) (unaudited) Net income $ 15,711 $ 14,079 $ 61,645 $ 51,591 Net interest and finance costs (1) 4,657 5,450 20,044 28,629 Depr