Dynagas Lng Partners Lp · NYSE:DLNG
Dynagas Lng Partners Lp — Q1 2025 Earnings Presentation
12 slides from Dynagas Lng Partners Lp's earnings presentation, May 27, 2025
Slide 1: Q1 2025 Financial Results Presentation
Q1 2025 Financial Results Presentation 27 May, 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: Highlights
Highlights Returning Capital to Common Unitholders Declared a distribution to common unitholders for the first quarter of $0.049 per common unit which was paid on May 23rd. Since inception of the Common Unit Repurchase Program repurchased 271,303 common units at an average price of $3.79 per common
Slide 5: Financial Summary q1 2025
Financial Summary q1 2025 Quarter Highlights ▪ Increase in Adjusted Net Income, relative to q1 2024, primarily due to In USD thousands, except TCE q1 2025 q4 2024 q1 2024 the decrease in interest and finance costs, which was counterbalanced Voyage Revenues 39,107 41,664 38,055 by the increase in ves
Slide 6: Cash Flow Generation and Capital Structure
Cash Flow Generation and Capital Structure ($) thousands $120,000 Capital Structure Debt Series A Preferred Units $100,000 $27,088 Series B Preferred Units Common Book Equity -$4,731 $80,000 -$4,283 $68,156 -$11,042 $69,976 -$4,981 -$231 $60,000 $40,000 $312 $366 $20,000 $0 $73 $54 ($) millions Incr
Slide 7: Debt Highlights
Debt Highlights ▪ Debt Outstanding: $312m on four LNG carriers, with two vessels debt-free. NET DEBT / EBITDA 5.0 ▪ Financial leverage metrics continue to strengthen with $411m in 4.5 debt paid since end 2018. 4.0 3.5 ▪ Current lease financing with amortization of $44m per year further 3.0 de-riskin
Slide 8: 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 ◼ ~14.8 years(1) Average remaining charter ◼ ~5.7 years(1)(2) duration ◼ Equinor (Norway), SEFE Marketing &
Slide 9: 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 10: Appendix
Appendix 9
Slide 11: 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 March 31, (In thousands of U.S. dollars except for units and per unit data) 2025 2024 Net Income $ 13,570 $ 11,750 Amortization of deferred revenue 693 1,700 Amortization and write-off of def
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) 2025 2024 Net income $ 13,570 $ 11,750 Net interest and finance costs (1) 4,866 8,655 Depreciation 7,906 7,994 Gain on derivative financial instrument — (1,260) Amortization of deferred revenu