Dynagas LNG Companions LP on Thursday reported $38.89 million in income for the third quarter, down from $39.07 million for a similar three-month interval final yr.
The lower introduced down internet revenue adjusted for nonrecurring objects from $14.48 million for Q3 2024 to $14.23 million, or $0.36 per share, for Q3 2025, the Athens-based proprietor and operator of liquefied pure fuel (LNG) carriers stated in its quarterly report.
The income fall was pushed by “the lower of the day by day rent charge of the Arctic Aurora within the three-month interval ending September 30, 2025, and the lower in income incomes days of the Yenisei River as a consequence of unscheduled repairs”, Dynagas stated.
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“The above lower in voyage revenues was partially offset by the non-cash impact of the amortization of deferred revenues and the worth of the EU ETS emissions allowances because of the Partnership by the charterers of its vessels”.
Dynagas logged common day by day rent gross of commissions of practically $70,000 per day per vessel in Q3 2025, down from round $72,800 per day per vessel for Q3 2024. Its fleet, consisting of six carriers with a mixed capability of roughly 914,000 cubic meters (32.28 million cubic toes), had utilization charges of 99.1 p.c and one hundred pc in Q3 2025 and Q3 2024 respectively.
“Our fleet-wide time constitution equal of $67,094 per day comfortably exceeded our money breakeven for the quarter of roughly $47,500, permitting us to proceed producing secure free money circulation”, stated chief govt Tony Lauritzen.
Whereas income dropped, internet revenue grew from $15.05 million for Q3 2024 to $18.66 million for Q3 2025. This was “primarily attributable to the rise of different revenue from insurance coverage claims for damages incurred in prior years, the lower in internet curiosity and finance prices… [and] the lower generally and administrative bills”, Dynagas stated.
Working revenue fell from $19.84 million for Q3 2024 to $18.78 million for Q3 2025. Nonetheless, internet money from working actions elevated from $25.59 million to $26.49 million. Money and money equivalents totaled $34.73 million.
Dynagas stated it had paid a dividend of $0.05 per share earlier this month, “representing an annualized distribution yield of roughly 5.7 p.c”.
It stated it plans to resume its buyback program, which had $8.4 million remaining and which was to run out November 21, for an additional 12 months.
Wanting forward, Dynagas stated, “As of September 30, 2025, the Partnership had estimated contracted time constitution protection for one hundred pc of its fleet estimated obtainable days for every of 2025, 2026 and 2027”.
“As of the identical date, the Partnership’s estimated contracted income backlog was $0.88 billion, with a mean remaining contract time period of 5.4 years”, it stated.
Lauritzen stated, “We keep a agency perception within the long-term fundamentals of LNG transport. Ultimate funding choices for brand new LNG export initiatives have accelerated in 2025, contributing to a rising pipeline of future pure fuel provide. Over the medium time period, this wave of latest liquefaction capability – mixed with international efforts to develop reasonably priced vitality entry – helps a constructive outlook for LNG transportation demand”.
“Whereas LNG transport stays our core focus we could think about to broaden our funding horizon to prudently discover accretive development alternatives in adjoining transport sectors with the goal of maximizing unitholder returns and enhancing the general worth of the Partnership”, the CEO added.
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