# 6-K

- Source: edgar · Published: 2026-09-09 · Kind: report
- Original: https://www.sec.gov/Archives/edgar/data/1578453/000131786126000046/f090926dlng6k.htm

**TL;DR —** Dynagas LNG Partners LP reported increased Q2 2026 net income and EPS due to higher charter rates and lower debt costs, maintaining strong contract coverage despite ongoing Russian sanctions risks.

## Takeaways
*   **Increased Profitability:** Q2 2026 Net Income rose 16.8% to $16.0M (vs. $13.7M in Q2 2025), and EPS increased to $0.39 (vs. $0.23), driven by higher voyage revenues and a 26.9% reduction in net interest and finance costs to $3.8M.
*   **Improved Charter Rates & Utilization:** Voyage revenues increased by 6.7% to $41.2M, primarily due to the "Clean Energy" vessel's new time charter with Rio Grande LNG at an improved rate, contributing to an average daily hire of $71,810/day (up from $70,730/day in Q2 2025), with fleet utilization at 96.2%.
*   **Strong Contract Backlog:** The Partnership maintains a robust estimated contracted revenue backlog of $0.73B with an average remaining contract term of 4.4 years, providing 100% coverage for 2026 and 2027, and 65% for 2028.
*   **Russian Sanctions Exemption:** The EU's 21st sanctions package provides an exemption for Russian LNG transfers to third countries under legacy long-term contracts (pre-Feb 24, 2022), which the company believes covers its two Yamal Charters (34.5% of total revenues in H1 2026), mitigating immediate impact but acknowledging ongoing risks.
*   **Deleveraging & Liquidity:** Net cash from operating activities was $21.0M in Q2 2026, and total cash stood at $59.5M, supporting continued debt amortization and capital returns to unitholders, with a 26.9% year-over-year decrease in net interest and finance costs due to reduced debt and lower interest rates.

*Generated 2026-11-12 via google/gemini-2.5-flash*