Dynagas LNG Partners (DLNG) Registration Filing summary

Company overview and business model

• Organized as a Marshall Islands limited partnership in 2013 to own, operate, and acquire LNG carriers and related businesses.

• Operates a fleet of six LNG carriers, including steam turbine and tri-fuel diesel electric (TFDE) ice-class vessels.

• Vessels are employed under multi-year charters with major international energy companies, with an average remaining charter term of 6.5 years.

• Fleet management is handled by Dynagas Ltd., controlled by the Prokopiou family.

Financial performance and metrics

• As of August 1, 2024, the estimated contracted revenue backlog is approximately $1.1 billion, with $0.11 billion as a variable hire element.

• Revenue backlog assumes full utilization and excludes extension options; actual revenues may vary due to off-hire, maintenance, or early termination.

Use of proceeds and capital allocation

• Net proceeds from securities sales may be used for capital expenditures, debt repayment, working capital, vessel or asset acquisitions, or general corporate purposes.

• No proceeds will be received from the sale of common units by the selling unitholder.