UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 6-Ok

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of December 2022

Fee File Quantity:  001-36185

Dynagas LNG Companions LP

(Translation of registrant’s identify into English)

Poseidonos & Foivis 2 Avenue 16674 Glyfada, Athens, Greece

(Handle of principal government workplace)

Point out by examine mark whether or not the registrant recordsdata or will file annual studies below cowl of Type 20-F or Type 40-F.

Type 20-F [ X ]       Type 40-F [  ]

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INFORMATION CONTAINED IN THIS FORM 6-Ok REPORT

Hooked up as Exhibit 99.1 to this Report on Type 6-Ok is a duplicate of the press launch of Dynagas LNG Companions LP (the “Partnership”) dated December 12, 2022: DYNAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2022.  

The knowledge contained on this Report on Type 6-Ok is hereby included by reference into the Partnership’s registration assertion on Type F-3 (File No. 333-240014) that was filed with the U.S. Securities and Alternate Fee with an efficient date of August 19, 2020.

 

	2

SIGNATURES

Pursuant to the necessities of the Securities Alternate Act of 1934, the registrant has duly triggered this report back to be signed on its behalf by the undersigned, thereunto duly approved.

Date: December 13, 2022

	DYNAGAS LNG PARTNERS LP
	By:	/s/ Tony Lauritzen
	Title:	Tony Lauritzen
	Title:	Chief Government Officer

SK 27712 0003 8695070 v1

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DYNAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2022

ATHENS – December 12, 2022 – Dynagas LNG Companions LP (NYSE: “DLNG”) (“Dynagas Companions” or the “Partnership”), an proprietor and operator of liquefied pure gasoline (“LNG”) carriers, immediately introduced its outcomes for the three and 9 months ended September 30, 2022.

Quarter Highlights:

 

·

Web revenue and earnings per frequent unit (fundamental and diluted) of $7.4 million and $0.12, respectively;

·

Adjusted Web Revenue⁽¹⁾ of $4.5 million and Adjusted Earnings⁽¹⁾ per frequent unit (fundamental and diluted) of $0.04;

·

Adjusted EBITDA⁽¹⁾ of $20.0 million;

·

100% fleet utilization⁽²⁾;

·

Declared and paid money distribution of $0.5625 per unit on its Collection A Most popular Items (NYSE: “DLNG PR A”) for the interval from Could 12, 2022 to August 11, 2022 and $0.546875 per unit on the Collection B Most popular Items (NYSE: “DLNG PR B”) for the interval from Could 22, 2022 to August 21, 2022; and  

·

Accomplished the scheduled dry-dock of the Amur River and OB River together with the set up of ballast water therapy tools in accordance with present rules.

Subsequent Occasions:

·

Declared a quarterly money distribution of $0.5625 on the Partnership’s Collection A Most popular Items for the interval from August 12, 2022 to November 2022, which was paid on November 14, 2022 to all most popular Collection A unit holders of document as of November 7, 2022;

·

Declared a quarterly money distribution of $0.546875 on the Partnership’s Collection B Most popular Items for the interval from August 22, 2022 to November 21, 2022, which was paid on November 22, 2022 to all most popular Collection B unit holders of document as of November 15, 2022; and

·

On October 12, 2022 and pursuant to the designation of Amsterdam Commerce Financial institution (“ATB”) by the Workplace of International Belongings Management as a Specifically Designated Nationwide, the Partnership, in settlement with all lenders of the $675 Credit score Facility, made a voluntary prepayment of $18,73 million which was utilized in prepayment of the complete participation of ATB to the $675 Million Credit score Facility. An quantity equal to the above talked about prepayment was launched from the Money Collateral Account with a purpose to make the prepayment.

 ⁽¹⁾ Adjusted Web Revenue and Adjusted EBITDA aren’t acknowledged measures below U.S. GAAP. Please discuss with Appendix B of this press launch for the definitions and reconciliation of those measures to essentially the most instantly comparable monetary measures calculated and introduced in accordance with U.S. GAAP and different associated data.

⁽²⁾ Please discuss with Appendix B.

CEO Commentary:

We’re happy to report the outcomes for the three and 9 months interval ended September 30, 2022.

All six LNG carriers in our fleet are working below their respective long-term charters with worldwide gasoline producers with a mean remaining contract time period of 6.2 years. As of December 12, 2022, our estimated contracted income backlog^{1 2} was $0.91 billion.

The earliest contracted re-delivery date for any of our six LNG carriers is within the third quarter of 2023 (for the Arctic Aurora), with the second earliest contracted re-delivery date within the first quarter of 2026 (for the Clear Vitality), each topic to the phrases of the relevant constitution.

¹ The Partnership calculates its estimated contracted income backlog by multiplying the contractual each day rent charge by the anticipated variety of days dedicated below the contracts (assuming earliest supply and redelivery and excluding choices to increase), assuming full utilization. The precise quantity of revenues earned and the precise intervals throughout which revenues are earned could differ from the quantities and intervals disclosed because of, for instance, dry-docking and/or particular survey downtime, upkeep initiatives, off-hire downtime and different components that end in decrease revenues than the Partnership’s common contract backlog per day.

² The $0.13 billion of the income backlog estimate pertains to the estimated portion of the rent contained in sure time constitution contracts with Yamal which represents the working bills of the respective vessels and is topic to yearly changes on the premise of the particular working prices incurred inside every year. The precise quantity of revenues earned in respect of such variable rent charge could due to this fact differ from the quantities included within the income backlog estimate because of the yearly variations within the respective vessels’ working prices.

For the third quarter of 2022, we reported Web Revenue of $7.4 million, earnings per frequent unit of $0.12, Adjusted Web Revenue of $4.5 million and Adjusted EBITDA of $20.0 million. Whereas future outcomes could fluctuate, we’re happy to report 100% utilization for our fleet for the tenth quarter in a row.

We’re optimistic for the outlook of LNG delivery in the long run.  Sellers and patrons of LNG have on the again of a surging demand for pure gasoline, reverted to a big extent to long run sale and buy agreements, which additionally underlines the long run demand for LNG delivery.

Russian Sanctions Developments

As a result of ongoing Russian conflicts with Ukraine, america (“U.S.”), European Union (“E.U.”), Canada and different Western international locations and organizations have introduced and enacted quite a few sanctions towards Russia to impose extreme financial strain on the Russian financial system and authorities. 

As of immediately’s date, and to the Partnership’s information:

·

Present U.S. and E.U. sanctions regimes don’t materially have an effect on the enterprise, operations or monetary situation of the Partnership and the Partnership’s counterparties are at present performing their obligations below their respective time charters in compliance with relevant U.S. and E.U. guidelines and rules;

·

Sanctions laws within the E.U. continues to exclude LNG;

·

The charters of the Amur River, the Ob River and the Clear Vitality are below the management of the German authorities as of April 4^th when Gazprom Germania (and all its subsidiaries), the oblique guardian of Gazprom Advertising and Buying and selling (GMT Singapore), was positioned below the management of the German Authorities (Federal Community Company) since Gazprom Germania operates important vitality infrastructure in Germany;

·

By a press assertion launched by the German Ministry of Financial Affairs and Local weather Motion on November 14, 2022, the possession of SEFE GmbH and all of its subsidiaries, together with SEFE Advertising & Buying and selling Singapore Pte Ltd, has transitioned to the German Federal Authorities, through the Federal Ministry for Financial Affairs and Local weather Motion; and

·

Sanctions laws has been altering and the Partnership continues to watch such modifications as relevant to the Partnership and its counterparties.

The complete influence of the industrial and financial penalties of the Russian battle with Ukraine is unsure presently.  The Partnership can’t present any assurance that any additional improvement in sanctions, or escalation of the Ukraine state of affairs extra usually, won’t have a major influence on its enterprise, monetary situation or outcomes of operations. Please see the part of this report entitled “Ahead Wanting Statements”.

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Monetary Outcomes Overview:

	Three Months Ended					9 Months Ended
(U.S. {dollars} in 1000’s, besides per unit knowledge)		September 30, 2022 (unaudited)		September 30, 2021 (unaudited)			September 30, 2022 (unaudited)		September 30, 2021 (unaudited)
Voyage revenues	$	29,914	$	34,691		$	96,593	$	102,068
Web Revenue	$	7,393	$	11,339		$	42,392	$	36,319
Adjusted Web Revenue (1)	$	4,530	$	11,554		$	23,631	$	32,493
Working revenue	$	4,421	$	16,802		$	29,093	$	47,881
Adjusted EBITDA(1)	$	19,998	$	24,820		$	65,876	$	72,315
Earnings per frequent unit	$	0.12	$	0.23		$	0.92	$	0.76
Adjusted Earnings  per frequent unit (1)	$	0.04	$	0.24		$	0.41	$	0.65

⁽¹⁾ Adjusted Web Revenue, Adjusted EBITDA and Adjusted Earnings per frequent unit aren’t acknowledged measures below U.S. GAAP. Please discuss with Appendix B of this press launch for the definitions and reconciliation of those measures to essentially the most instantly comparable monetary measures calculated and introduced in accordance with U.S. GAAP.

Three Months Ended September 30, 2022 and 2021 Monetary Outcomes

Web Revenue for the three months ended September 30, 2022 was $7.4 million as in comparison with a Web Revenue of $11.3 million for the corresponding interval of 2021, which represents a lower of $3.9 million, or 35.0%. The lower in web revenue for the three months ended September 30, 2022 was primarily attributable to the lower in voyage revenues and the rise within the vessels dry-docking and particular survey prices, attributable to the scheduled dry-docks of the Amur River and the OB River, which had been accomplished on July 29, 2022 and August 27, 2022, respectively, in addition to to the  improve in curiosity and finance prices, which had been partly offset by the rise within the acquire on our rate of interest swap transaction in comparison with the corresponding interval of 2021. The realized acquire on the rate of interest swap transaction which was obtained through the third quarter of 2022 amounted to $2,528 (realized lack of $399 paid through the corresponding interval of 2021).

Adjusted Web Revenue for the three months ended September 30, 2022 was $4.5 million in comparison with $11.6 million within the corresponding interval of 2021, which represents a web lower of $7.1 million or 61%.  This lower is principally attributable to the lower within the vessels’ income, in addition to to the rise of curiosity and finance prices in comparison with the corresponding interval of 2021 and excludes the impact of the realized acquire on our rate of interest swap transaction talked about above.   

Voyage revenues for the three months ended September 30, 2022 had been $29.9 million in comparison with $34.7 million for the corresponding interval of 2021, which represents a web lower of $4.8 million or 13.8%, which is principally attributable to the lower within the income incomes days for the three months ended September 30, 2022 in comparison with the corresponding interval of 2021, because of the abovementioned scheduled dry-docks of the Amur River and the OB River.

The Partnership reported common each day rent gross of commissions⁽¹⁾ of roughly $61,560 per day per vessel within the three-month interval ended September 30, 2022, in comparison with roughly $62,800 per day per vessel for the corresponding interval of 2021. Throughout each three-month intervals ended September 30, 2022 and 2021, the Partnership’s vessels operated at 100% utilization.

Vessel working bills had been $7.0 million in each three-month intervals ended September 30, 2022 and 2021, which corresponds to a each day charge per vessel of $12,743 within the three-month interval ended September 30, 2022, as in contrast a each day charge per vessel of $12,641 within the corresponding interval of 2021. Adjusted EBITDA for the three months ended September 30, 2022 was $20.0 million, as in comparison with $24.8 million for the corresponding interval of 2021. The lower of $4.8 million, or 19.4%, was primarily attributable to the impact of the abovementioned lower in revenues of the Amur River and the OB River because of the off rent interval throughout their scheduled dry-dock within the three months ended September 30, 2022.

Curiosity and finance prices, web had been $7.4 million within the three months ended September 30, 2022 as in comparison with $5.3 million within the corresponding interval of 2021, which represents a rise of $2.1 million, or 40% because of the improve within the weighted common rate of interest within the three months interval ending September 30, 2022, in comparison with the corresponding interval in 2021, which was partly counterbalanced by the discount in curiosity bearing debt as in comparison with the corresponding interval of 2021.

For the three months ended September 30, 2022, the Partnership reported fundamental and diluted Earnings per frequent unit and Adjusted Earnings per frequent unit, of $0.12 and $0.04 respectively, after making an allowance for the distributions regarding the Collection A Most popular Items and the Collection B Most popular Items on the Partnership’s Web revenue/Adjusted Web Revenue. Earnings per frequent unit and Adjusted Earnings per frequent unit, fundamental and diluted, are calculated on the premise of a weighted common variety of 36,802,247 frequent items excellent through the interval and within the case of Adjusted Earnings per frequent unit after reflecting the influence of the non-cash gadgets introduced in Appendix B of this press launch.

Adjusted Web Revenue, Adjusted EBITDA and Adjusted Earnings per frequent unit aren’t acknowledged measures below U.S. GAAP. Please discuss with Appendix B of this press launch for the definitions and reconciliation of those measures to essentially the most instantly comparable monetary measures calculated and introduced in accordance with U.S. GAAP.

Quantities regarding variations in interval–on–interval comparisons proven on this part are derived from the condensed financials introduced beneath.

⁽¹⁾ Common each day rent gross of commissions represents voyage income excluding the non-cash time constitution deferred income amortization, divided by the Obtainable Days within the Partnership’s fleet as described in Appendix B.

Liquidity/ Financing/ Money Stream Protection

Throughout the three months ended September 30, 2022, the Partnership generated web money from working actions of $10.9 million as in comparison with $19.8 million within the corresponding interval of 2021, which represents a lower of $8.9 million, or 44.9% primarily because of working capital modifications.  

As of September 30, 2022, the Partnership reported complete money of $97.7 million (together with $50.0 million of restricted money). The Partnership’s excellent indebtedness as of September 30, 2022 below the $675.0 Million Credit score Facility amounted to $531.0 million, gross of unamortized deferred mortgage charges and together with $48.0 million, which was repayable inside one 12 months.

As of September 30, 2022, the Partnership had unused availability of $30.0 million below its curiosity free $30.0 million revolving credit score facility with its Sponsor, or the $30.0 Million Revolving Credit score Facility, which was prolonged on November 14, 2018, and is offered to the Partnership at any time till November 2023.

Vessel Employment

As of December 12, 2022, the Partnership had estimated contracted time constitution protection⁽¹⁾ for 100% of its fleet estimated Obtainable Days (as outlined in Appendix B) for 2022, 96% of its fleet estimated Obtainable Days for 2023 and 83% of its fleet estimated Obtainable Days for 2024.

As of the identical date, the Partnership’s estimated contracted income backlog ^{(2) (3)} was $0.91 billion, with a mean remaining contract time period of 6.2 years.  

⁽¹⁾ Time constitution protection for the Partnership’s fleet is calculated by dividing the fleet contracted days on the premise of the earliest estimated supply and redelivery dates prescribed within the Partnership’s present time constitution contracts, web of scheduled class survey repairs by the variety of anticipated Obtainable Days throughout that interval.

⁽²⁾ The Partnership calculates its estimated contracted income backlog by multiplying the contractual each day rent charge by the anticipated variety of days dedicated below the contracts (assuming earliest supply and redelivery and excluding choices to increase), assuming full utilization. The precise quantity of revenues earned and the precise intervals throughout which revenues are earned could differ from the quantities and intervals disclosed because of, for instance, dry-docking and/or particular survey downtime, upkeep initiatives, off-hire downtime and different components that end in decrease revenues than the Partnership’s common contract backlog per day.

⁽³⁾ $0.13 billion of the income backlog estimate pertains to the estimated portion of the rent contained in sure time constitution contracts with Yamal which represents the working bills of the respective vessels and is topic to yearly changes on the premise of the particular working prices incurred inside every year. The precise quantity of revenues earned in respect of such variable rent charge could due to this fact differ from the quantities included within the income backlog estimate because of the yearly variations within the respective vessels’ working prices.

Convention Name and Webcast:

As introduced, the Partnership’s administration group will host a convention name on December 12, 2022 at 10:00 a.m. Jap Time to debate the Partnership’s monetary outcomes.

Convention Name particulars:

Contributors ought to dial into the decision 10 minutes earlier than the scheduled time utilizing the next numbers: 877- 405-1226 (US Toll Free Dial-In), or +1201- 689-7823 (US Worldwide Dial-In). To entry the convention name, please reference name ID quantity [13734800] or “Dynagas” to the operator.

For extra participant Worldwide Toll-Free entry numbers, click on right here. Alternatively, members can register for the decision utilizing the decision me possibility for a quicker connection to hitch the convention name. You’ll be able to enter your cellphone quantity and let the system name you immediately. Click on right here  for the decision me possibility.

Audio Webcast – Slides Presentation:

There can be a stay after which archived webcast of the convention name and accompanying slides, obtainable by means of the Partnership’s web site. To take heed to the archived audio file, go to our web site http://www.dynagaspartners.com and click on on Webcast below our Investor Relations web page. Contributors to the stay webcast ought to register on the web site roughly 10 minutes previous to the beginning of the webcast.

The slide presentation on the third quarter ended September 30, 2022 monetary outcomes can be obtainable in PDF format 10 minutes previous to the convention name and webcast, accessible on the Partnership’s web site http://www.dynagaspartners.com on the webcast web page. Contributors to the webcast can obtain the PDF presentation.

About Dynagas LNG Companions LP

Dynagas LNG Companions LP. (NYSE: DLNG) is a grasp restricted partnership which owns and operates liquefied pure gasoline (LNG) carriers employed on multi-year charters. The Partnership’s present fleet consists of six LNG carriers, with mixture carrying capability of roughly 914,000 cubic meters. Go to the Partnership’s web site at www.dynagaspartners.com. The Partnership’s web site and its contents aren’t included into and don’t type part of this launch.

Contact Data:

Dynagas LNG Companions LP
Consideration: Michael Gregos
Tel. +30 210 8917960
E-mail: [email protected]   

Investor Relations / Monetary Media:
Nicolas Bornozis
Markella Kara

Capital Hyperlink, Inc.
230 Park Avenue, Suite 1540

New York, NY 10169
Tel. (212) 661-7566
E-mail: [email protected]

Ahead-Wanting Statements

Issues mentioned on this press launch could represent forward-looking statements. The Personal Securities Litigation Reform Act of 1995 supplies protected harbor protections for forward-looking statements with a purpose to encourage corporations to offer potential details about their enterprise. Ahead-looking statements embody statements regarding plans, targets, objectives, methods, future occasions or efficiency, and underlying assumptions and different statements, that are aside from statements of historic info.

The Partnership wishes to make the most of the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995 and is together with this cautionary assertion in reference to this protected harbor laws. The phrases “imagine,” “anticipate,” “intends,” “estimate,” “forecast,” “venture,” “plan,” “potential,” “venture”, “will”, “could,” “ought to,” “count on,” “anticipated,” “pending” and comparable expressions determine forward-looking statements. These ahead -looking aren’t supposed to present any assurance as to future outcomes and shouldn’t be relied upon. The forward-looking statements on this press launch are primarily based upon numerous assumptions and estimates, lots of that are primarily based, in flip, upon additional assumptions, together with with out limitation, examination by the Partnership’s administration of historic working tendencies, knowledge contained in its data and different knowledge obtainable from third events. Though the Partnership believes that these assumptions had been cheap when made, as a result of these assumptions are inherently topic to important uncertainties and contingencies that are troublesome or unattainable to foretell and are past the Partnership’s management, the Partnership can’t guarantee you that it’ll obtain or accomplish these expectations, beliefs or projections.

Along with these essential components, different essential components that, within the Partnership’s view, might trigger precise outcomes to vary materially from these mentioned, expressed or implied, within the forward- wanting statements embody, however aren’t restricted to, the energy of world economies and foreign money fluctuations, basic market situations, together with fluctuations in constitution charges, possession days, and vessel values, modifications in provide and demand for Liquefied Pure Gasoline (LNG) delivery capability, modifications within the Partnership’s working bills, together with bunker costs, drydocking and insurance coverage prices, the marketplace for the Partnership’s vessels, availability of financing and refinancing, modifications in governmental legal guidelines, guidelines and rules or actions taken by regulatory authorities, financial, regulatory, political and governmental situations that have an effect on the delivery and the LNG business, potential legal responsibility from pending or future litigation, and potential prices because of environmental injury and vessel collisions, basic home and worldwide political situations, potential disruption of delivery routes because of accidents or political occasions, vessel breakdowns, cases of off-hires, the size and severity of epidemics and pandemics, together with COVID-19, the influence of public well being threats and outbreaks of different extremely communicable ailments, the influence of the anticipated discontinuance of the London Interbank Supplied Price, or, LIBOR, after June 30, 2023 on any of our debt referencing LIBOR within the rate of interest, the amount of money obtainable for distribution, and different components. As a result of ongoing Russian conflicts with Ukraine, america, the European Union, Canada and different Western international locations and organizations have introduced and enacted quite a few sanctions towards Russia to impose extreme financial strain on the Russian financial system and authorities. The complete influence of the industrial and financial penalties of the Russian battle with Ukraine are unsure presently. Potential penalties of the sanctions that would influence the Partnership’s enterprise sooner or later embody however aren’t restricted to: (1) limiting and/or banning the usage of the SWIFT monetary and cost system that will negatively have an effect on funds below the Partnership’s present vessel charters; (2) the Partnership’s counterparties being doubtlessly restricted by sanctions from performing below its agreements; and (3) a basic deterioration of the Russian financial system. As well as, the Partnership could have larger difficulties elevating capital sooner or later, which might doubtlessly cut back the extent of future funding into its enlargement and operations. The Partnership can’t present any assurance that any additional improvement in sanctions, or escalation of the Ukraine state of affairs extra usually, won’t have a major influence on its enterprise, monetary situation or outcomes of operations.

Please see the Partnership’s filings with the Securities and Alternate Fee for a extra full dialogue of those and different dangers and uncertainties. The knowledge set forth herein speaks solely as of the date hereof, and the Partnership disclaims any intention or obligation to replace any forward-looking statements because of developments occurring after the date of this communication.

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APPENDIX A

DYNAGAS LNG PARTNERS LP

Condensed Consolidated Statements of Revenue

(In 1000’s of U.S. {dollars} besides items and per unit knowledge)		Three Months Ended                    September 30,				9 Months Ended    September 30,
		2022 (unaudited)		2021 (unaudited)		2022 (unaudited)		2021 (unaudited)
REVENUES
Voyage revenues	$	29,914	$	34,691	$	96,593	$	102,068
EXPENSES
Voyage bills (together with associated occasion)		(876)		(727)		(2,252)		(2,097)
Vessel working bills		(7,034)		(6,978)		(22,012)		(21,471)
Dry-docking and particular survey prices		(7,406)		—		(12,791)		—
Common and administrative bills (together with associated occasion)		(586)		(674)		(2,039)		(2,397)
Administration charges -related occasion		(1,564)		(1,518)		(4,640)		(4,505)
Depreciation		(8,027)		(7,992)		(23,766)		(23,717)
Working revenue		4,421		16,802		29,093		47,881
Curiosity and finance prices, web		(7,441)		(5,274)		(18,479)		(16,105)
Achieve/ (Loss) on by-product devices		10,243		(188)		31,474		4,575
Different, web		170		(1)		304		(32)
Web revenue	$	7,393	$	11,339	$	42,392	$	36,319
Earnings per frequent unit (fundamental and diluted)	$	0.12	$	0.23	$	0.92	$	0.76
Weighted common variety of items excellent, fundamental and diluted:
Widespread items		36,802,247		36,802,247		36,802,247		36,403,652

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DYNAGAS LNG PARTNERS LP

Consolidated Condensed Stability Sheets

(Expressed in 1000’s of U.S. {Dollars}—apart from unit knowledge)

		September 30, 2022 (unaudited)		December 31, 2021 (audited)
ASSETS:
Money and money equivalents and restricted money (present and non-current)	$	97,734	$	97,015
By-product monetary instrument (present and non-current)		37,124		8,824
Due from associated occasion (present and non-current)		1,350		2,494
Different present property		3,687		2,453
Vessels, web		833,127		853,190
Different non-current property		1,344		1,505
Complete property	$	974,366	$	965,481
LIABILITIES
Complete long-term debt, web of deferred financing prices	$	527,523	$	561,966
Complete different present liabilities		28,013		18,734
Because of associated occasion (present and non-current)		816		247
Complete different non-current liabilities		2,810		3,050
Complete liabilities	$	559,162	$	583,997
PARTNERS’ EQUITY
Common associate (35,526 items issued and excellent as at September 30, 2022 and December 31, 2021)		70		36
Widespread unitholders (36,802,247 items issued and excellent as at September 30, 2022 and December 31, 2021)		288,420		254,734
Collection A Most popular unitholders: (3,000,000 items issued and excellent as at September 30, 2022 and December 31, 2021)		73,216		73,216
Collection B Most popular unitholders: (2,200,000 items issued and excellent as at September 30, 2022 and December 31, 2021)		53,498		53,498
Complete companions’ fairness	$	415,204	$	381,484
Complete liabilities and companions’ fairness	$	974,366	$	965,481

	7

DYNAGAS LNG PARTNERS LP

Consolidated Statements of Money Flows

(Expressed in 1000’s of U.S. {Dollars})

		Three Months Ended September 30,				9 Months Ended      September 30,
		2022		2021		2022		2021
Money flows from Working Actions:
Web revenue:	$	7,393	$	11,339	$	42,392	$	36,319
Changes to reconcile web revenue to web money supplied by working actions:
Depreciation		8,027		7,992		23,766		23,717
Amortization and write-off of deferred financing charges		511		568		1,558		1,730
Deferred income amortization		(81)		(27)		(240)		303
Amortization and write-off of deferred expenses		55		54		162		446
(Achieve)/ Loss on by-product monetary instrument		(10,243)		188		(31,474)		(4,575)
Dry-docking and particular survey prices		7,406		—		12,791		—
Modifications in working property and liabilities:
Commerce accounts receivable		(243)		(259)		(806)		79
Prepayments and different property		(211)		(282)		(766)		(599)
Inventories		1,842		31		89		1
Due from/ to associated events		3,049		(979)		1,713		(2,067)
Deferred expenses		—		—		—		(9)
Commerce accounts payable		(5,099)		860		(4,551)		1,572
Accrued liabilities		566		(90)		1,370		(50)
Unearned income		(2,103)		431		(2,103)		1,727
Web money from Working Actions		10,869		19,826		43,901		58,594
Money flows from Investing Actions
Ballast water therapy system set up		(1,005)		—		(1,590)		—
Web money utilized in Investing Actions		(1,005)		—		(1,590)		—
Money flows from Financing Actions:
Issuance of frequent items, web of issuance prices		—		—		—		3,407
Fee of securities registration and different submitting prices		—		(1)		—		(14)
Distributions declared and paid		(2,891)		(2,891)		(8,672)		(8,672)
Compensation of long-term debt		(12,000)		(12,000)		(36,000)		(36,000)
Receipt/ (Fee) of by-product devices		2,528		(399)		3,080		(978)
Web money utilized in Financing Actions		(12,363)		(15,291)		(41,592)		(42,257)
Web improve / (lower) in money and money equivalents		(2,499)		4,535		719		16,337
Money and money equivalents and restricted money at starting of the interval		100,233		86,781		97,015		74,979
Money and money equivalents and restricted money at finish of the interval	$	97,734	$	91,316	$	97,734	$	91,316

	8

APPENDIX B

Fleet statistics

		Three Months Ended September 30,				9 Months Ended September 30,
(expressed in U.s. {dollars} apart from operational knowledge)		2022		2021		2022		2021
Variety of vessels on the finish of interval		6		6		6		6
Common variety of vessels within the interval (1)		6		6		6		6
Calendar Days (2)		552		552		1,638		1,638
Obtainable Days (3)		485		552		1,535		1,638
Income incomes days (4)		485		552		1,535		1,638
Time Constitution Equal (5)	$	59,917	$	61,529	$	61,453	$	61,032
Fleet Utilization (4)		100%		100%		100%		100%
Vessel each day working bills (6)	$	12,743	$	12,641	$	13,438	$	13,108

       (1)  Represents the variety of vessels that constituted the Partnership’s fleet for the related interval, as measured by the sum of the variety of days that every vessel was part of the Partnership’s fleet through the interval divided by the variety of Calendar Days (outlined beneath) within the interval.

     (2) “Calendar Days” are the entire days that the Partnership possessed the vessels in its fleet for the related interval.

       (3) “Obtainable Days” are the entire variety of Calendar Days that the Partnership’s vessels had been in its possession throughout a interval, much less the entire variety of scheduled off-hire days through the interval related to main repairs, or dry-dockings.

      (4)  The Partnership calculates fleet utilization by dividing the variety of its Income incomes days, that are the entire variety of Obtainable Days of the Partnership’s vessels web of unscheduled off-hire days (which don’t embody positioning/repositioning days for which compensation has been obtained) throughout a interval by the variety of Obtainable Days. The delivery business makes use of fleet utilization to measure an organization’s effectivity find employment for its vessels and minimizing the quantity of days that its vessels are off-hire for causes reminiscent of unscheduled repairs however excluding scheduled off-hires for vessel upgrades, dry-dockings or particular or intermediate surveys.

      (5)  Time constitution equal charge (“TCE charge”), is a measure of the typical each day income efficiency of a vessel. For time charters, we calculate TCE charge by dividing complete voyage revenues, much less any voyage bills, by the variety of Obtainable Days through the related time interval. Below a time constitution, the charterer pays considerably all vessel voyage associated bills. Nevertheless, the Partnership could incur voyage associated bills when positioning or repositioning vessels earlier than or after the interval of a time constitution, during times of economic ready time or whereas off-hire throughout dry-docking or because of different unexpected circumstances. The TCE charge isn’t a measure of economic efficiency below U.S. GAAP (non-GAAP measure), and shouldn’t be thought of as a substitute for voyage revenues, essentially the most instantly comparable GAAP measure, or another measure of economic efficiency introduced in accordance with U.S. GAAP. Nevertheless, the TCE charge is a normal delivery business efficiency measure used primarily to check period-to-period modifications in an organization’s efficiency regardless of modifications within the mixture of constitution sorts (reminiscent of time charters, voyage charters) below which the vessels could also be employed between the intervals and to help the Partnership’s administration in making choices concerning the deployment and use of the Partnership’s vessels and in evaluating their monetary efficiency. The Partnership’s calculation of TCE charges might not be akin to that reported by different corporations because of variations in strategies of calculation. The next desk displays the calculation of the Partnership’s TCE charges for the three and 9 months ended September 30, 2022 and 2021 (quantities in 1000’s of U.S. {dollars}, apart from TCE charges, that are expressed in U.S. {dollars}, and Obtainable Days):

		Three Months Ended       September 30,				9 Months Ended           September 30,
		2022		2021		2022		2021
(In 1000’s of U.S. {dollars}, apart from Obtainable Days and TCE charge)
Voyage revenues	$	29,914	$	34,691	$	96,593	$	102,068
Voyage Bills *		(876)		(727)		(2,252)		(2,097)
Time Constitution equal revenues	$	29,038	$	33,964	$	94,341	$	99,971
Obtainable Days		485		552		1,535		1,638
Time constitution equal (TCE) charge	$	59,917	$	61,529	$	61,453	$	61,032

*Voyage bills embody commissions of 1.25% paid to Dynagas Ltd., the Partnership’s Supervisor, and third-party ship brokers, when outlined within the constitution events, bunkers, port bills and different minor voyage bills.

      (6)  Each day vessel working bills, which embody crew prices, provisions, deck and engine shops, lubricating oil, insurance coverage, spares and repairs, flag taxes and different miscellaneous bills, are calculated by dividing vessel working bills by fleet Calendar Days for the related time interval.

Reconciliation of U.S. GAAP Monetary Data to Non-GAAP Monetary Data

Reconciliation of Web Revenue to Adjusted EBITDA

		Three Months Ended                   September 30,					9 Months Ended                      September 30,
(In 1000’s of U.S.  {dollars})		2022			2021			2022			2021
Web revenue	$	7,393		$	11,339		$	42,392		$	36,319
Web curiosity and finance prices (1)		7,441			5,274			18,479			16,105
Depreciation		8,027			7,992			23,766			23,717
(Achieve)/ Loss on by-product monetary instrument		(10,243)			188			(31,474)			(4,575)
Class survey prices		7,406			—			12,791			—
Amortization of deferred income		(81)			(27)			(240)			303
Amortization and write-off of deferred expenses		55			54			162			446
Adjusted EBITDA	$	19,998		$	24,820		$	65,876		$	72,315

⁽¹⁾ Contains curiosity and finance prices and curiosity revenue, if any.

The Partnership defines Adjusted EBITDA as earnings earlier than curiosity and finance prices, web of curiosity revenue (if any), positive factors/losses on by-product monetary devices, taxes (when incurred), depreciation and amortization (when incurred), class survey prices and important non-recurring gadgets (if any). Adjusted EBITDA is used as a supplemental monetary measure by administration and exterior customers of economic statements, reminiscent of buyers, to evaluate the Partnership’s working efficiency.

The Partnership believes that Adjusted EBITDA assists its administration and buyers by offering helpful data that will increase the power to check the Partnership’s working efficiency from interval to interval and towards that of different corporations in its business that present Adjusted EBITDA data. This elevated comparability is achieved by excluding the possibly disparate results between intervals or towards corporations of curiosity, different monetary gadgets, depreciation and amortization and taxes, which gadgets are affected by numerous and potential modifications in financing strategies, capital construction and historic value foundation and which gadgets could considerably have an effect on web revenue between intervals. The Partnership believes that together with Adjusted EBITDA as a measure of working efficiency advantages buyers in (a) deciding on between investing within the Partnership and different funding alternate options and (b) monitoring the Partnership’s ongoing monetary and operational energy.

Adjusted EBITDA isn’t supposed to and doesn’t purport to signify money flows for the interval, neither is it introduced as a substitute for working revenue. Additional, Adjusted EBITDA isn’t a measure of economic efficiency below U.S. GAAP and doesn’t signify and shouldn’t be thought of as a substitute for web revenue, working revenue, money move from working actions or another measure of economic efficiency introduced in accordance with U.S. GAAP. Adjusted EBITDA excludes some, however not all, gadgets that have an effect on web revenue and these measures could fluctuate amongst different corporations. Due to this fact, Adjusted EBITDA, as introduced above, might not be akin to equally titled measures of different companies as a result of they could be outlined or calculated in another way by these different companies. It shouldn’t be thought of in isolation or as an alternative to a measure of efficiency ready in accordance with GAAP. Any Non-GAAP measures needs to be seen as supplemental to, and shouldn’t be thought of as alternate options to, GAAP measures together with, however not restricted to web earnings (loss), working revenue (loss), money move from working, investing and financing actions, or another measure of economic efficiency or liquidity introduced in accordance with GAAP.

Reconciliation of Web Revenue to Adjusted Web Revenue obtainable to frequent unitholders and Adjusted Earnings per frequent unit

	Three Months Ended                   September 30,							9 Months Ended                   September 30,
(In 1000’s of U.S.  {dollars} apart from items and per unit knowledge)		2022			2021				2022			2021
Web Revenue	$	7,393		$	11,339			$	42,392		$	36,319
Amortization of deferred income		(81)			(27)				(240)			303
Amortization and write- off of deferred expenses		55			54				162			446
Class survey prices		7,406			—				12,791			—
(Achieve)/ Loss on by-product monetary instrument		(10,243)			188				(31,474)			(4,575)
Adjusted Web Revenue	$	4,530		$	11,554			$	23,631		$	32,493
Much less: Adjusted Web Revenue attributable to most popular unitholders and basic associate		(2,892)			(2,899)				(8,687)			(8,696)
Widespread unitholders’ curiosity in Adjusted Web Revenue	$	1,638		$	8,655			$	14,944		$	23,797
Weighted common variety of frequent items excellent, fundamental and diluted:		36,802,247			36,802,247				36,802,247			36,403,652
Adjusted Earnings per frequent unit, fundamental and diluted	$	0.04		$	0.24			$	0.41		$	0.65

Adjusted Web Revenue represents web revenue earlier than non-recurring bills (if any), constitution rent amortization associated to time charters with escalating time constitution charges and modifications within the honest worth of by-product monetary devices. Adjusted Web Revenue obtainable to frequent unitholders represents the frequent unitholders curiosity in Adjusted Web Revenue for every interval introduced. Adjusted Earnings per frequent unit represents Adjusted Web Revenue attributable to frequent unitholders divided by the weighted common frequent items excellent throughout every interval introduced.

Adjusted Web Revenue, Adjusted Web Revenue per frequent unit and Adjusted Earnings per frequent unit, fundamental and diluted, aren’t acknowledged measures below U.S. GAAP and shouldn’t be considered substitutes for web revenue and earnings per unit, fundamental and diluted. The    Partnership’s definitions of Adjusted Web Revenue, Adjusted Web Revenue per frequent unit and Adjusted Earnings per frequent unit, fundamental and diluted, might not be the identical at these reported by different corporations within the delivery business or different industries. The Partnership believes that the presentation of Adjusted Web Revenue and Adjusted Earnings per unit obtainable to frequent unitholders are helpful to buyers as a result of these measures facilitate the comparability and the analysis of corporations within the Partnership’s business. As well as, the Partnership believes that Adjusted Web Revenue is helpful in evaluating its working efficiency in comparison with that of different corporations within the Partnership’s business as a result of the calculation of Adjusted Web Revenue usually eliminates the accounting results of things which can fluctuate for various corporations for causes unrelated to general working efficiency. The Partnership’s presentation of Adjusted Web Revenue obtainable to frequent unitholders and Adjusted Earnings per frequent unit doesn’t suggest, and shouldn’t be construed as an inference, that its future outcomes can be unaffected by uncommon or non-recurring gadgets and shouldn’t be thought of in isolation or as an alternative to a measure of efficiency ready in accordance with GAAP.

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