Dynagas LNG Partners (DLNG) Registration Filing summary

Company overview and business model

• Organized as a Marshall Islands limited partnership, focused on owning, operating, and acquiring LNG carriers and related businesses.

• Operates a fleet of six LNG carriers, with an average vessel age of 14.1 years and average remaining charter term of 6.4 years as of September 23, 2024.

• Vessels are employed under multi-year charters with major international energy companies, including SEFE, Equinor, Yamal, and NextDecade.

• Estimated contracted revenue backlog is approximately $1.03 billion, with variable hire elements in certain contracts.

Financial performance and metrics

• Contracted revenue backlog of $1.03 billion as of September 23, 2024, with $0.11 billion variable based on operating costs.

• Average remaining contract duration for the fleet is 6.4 years, providing visibility into future cash flows.

• Financial statements and management discussion for the six months ended June 30, 2024, are incorporated by reference.

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.