Quarterly ResultSep 9, 2026, 09:31 AM
Dynagas LNG Partners LP Reports Q2 2026 Results
AI Summary
Dynagas LNG Partners LP announced its financial results for the three and six months ended June 30, 2026. The company reported Net Income of $16.0 million and Adjusted EBITDA of $27.6 million for the second quarter, with fleet utilization at 96.2%. Key highlights include the commencement of the Clean Energy vessel's new time charter with Rio Grande LNG and a 26.9% decrease in net interest and finance costs. The company also declared cash distributions for its Series A Preferred Units and common units. The contracted revenue backlog is $0.73 billion with an average remaining contract term of 4.4 years.
Key Highlights
- Dynagas LNG Partners LP reported Net Income of $16.0 million and Adjusted EBITDA of $27.6 million for Q2 2026.
- Half year Net Income was $33.4 million and Adjusted EBITDA was $51.9 million.
- Fleet utilization was 96.2% for Q2 2026 and 95.7% for the half year.
- The Clean Energy vessel commenced a new time charter with Rio Grande LNG in April 2026 at an improved rate.
- Declared and paid a cash distribution of $0.5625 per unit on Series A Preferred Units for Feb-May 2026.
- Declared a quarterly cash distribution of $0.050 per common unit for Q1 2026, paid in May 2026.
- Contracted revenue backlog stands at $0.73 billion with an average remaining contract term of 4.4 years.
- Net Interest and finance costs decreased by 26.9% year-on-year to $3.8 million in Q2 2026.
Price Impact
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