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DYNAGAS LNG Partners LP DY NAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30 , 2021 ATHENS - September 7 , 2021 - Dynagas LNG Partners LP ( NY SE : “ DLNG " ) ( " Dynagas Partners " or the “ Partnership ” ) , an owner and operator of liquefied natural gas ( “ LNG ” ) carriers , today announced its results for the three and six months ended June 30 , 2021 . Second Quarter Highlights : Net income and earnings per common unit of $ 9.1 million and $ 0.17 , respectively ; Adjusted Net Income ( ¹ ) of $ 10.4 million and Adjusted Earnings per common unit of $ 0.20 ; Adjusted EBITDA ( ¹ ) $ 23.6 million ; 100 % fleet utilization ( 2 ) ; Declared and paid cash distribution of $ 0.5625 per unit on its Series A Preferred Units ( NY SE : “ DLNG PRA ” ) for the period from February 12 , 2021 to May 11 , 2021 and $ 0.546875 per unit on the Series B Preferred Units ( NY SE : " DLNG PR B " ) for the period from February 22 , 2021 to May 21 , 2021 ; Sold $ 2.15 million of common units at an average price per unit of $ 2.8769 pursuant to the Partnership's Amended & Restated Sales A greement , which had $ 26.5 million of remaining availability as of June 30 , 2021 ; and Entered into a new time charter party agreement with Equinor ASA ( " Equinor " ) for the employment of our LNG carrier Arct Aurora . nder the new time charter agreement , the Arctic Aurora is expected to be delivered to Equinor in September 2021 in direct continuation of the current charter party with Equinor , meaning there will be no lapse of time between the current and the new time charter . The term ' in direct continuation ' does not refer to the contracted income . Subsequent Events : Declared a quarterly cash distribution of $ 0.5625 on the Series A Preferred Units for the period from May 12 , 2021 to August 11 , 2021 , which was paid on August 12 , 2021 to all preferred Series A unit holders of record as of August 5 , 2021 ; Declared a quarterly cash distribution of $ 0.546875 on the Series B Preferred Units for the period from May 22 , 2021 to August 21 , 2021 , which was paid on August 23 , 2021 to all preferred Series B unit holders of record as of August 16 , 2021 . 1