Dynagas LNG Partners Reports Q1 Earnings Rise, Redeems $55M Preferred Shares

Dynagas LNG Partners LP reported strong financial results for the first quarter of 2025, with revenue increasing 2.8% year-over-year to $39.11 million and adjusted earnings per share rising to $0.30. The company’s fleet operated at full capacity, achieving a daily hire rate of approximately $72,190 per vessel, contributing to a robust contracted revenue backlog of $0.9 billion. Additionally, Dynagas is proactively managing its capital structure by redeeming all outstanding Series B preferred stock, valued at about $55 million, using its cash reserves. The partnership also declared quarterly cash distributions on common and preferred units and repurchased common units under a $10 million repurchase program. Wall Street analysts generally recommend buying the stock, with an average price target suggesting upside potential, although some valuation models indicate possible downside risk. Overall, Dynagas demonstrates operational efficiency, strong earnings growth, and active shareholder return initiatives.