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DYNAGAS LNG Partners LP DY NAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30 , 2021 ATHENS November 18 , 2021 - Dynagas LNG Partners LP ( NYSE : “ DLNG ” ) ( “ Dynagas Partners " or the " Partnership ” ) , an owner and operator of liquefied natural gas ( “ LNG ” ) carriers , today announced its results for the three and nine months ended September 30 , 2021 . Third Quarter Highlights : Net income and earnings per common unit of $ 11.3 million and $ 0.23 , respectively ; Adjusted Net Income ( ¹ ) of $ 11.6 million and Adjusted Earnings per common unit of $ 0.24 ; Adjusted EBITDA ( ¹ ) $ 24.8 million ; 100 % fleet utilization ( 2 ) ; Declared and paid cash distribution of $ 0.5625 per unit on its Series A Preferred Units ( NYSE : " DLNG PR A " ) for the period from May 12 , 2021 to August 11 , 2021 and $ 0.546875 per unit on the Series B Preferred Units ( NYSE : " DLNG PR B " ) for the period from May 22 , 2021 to August 21 , 2021 ; The LNG carrier Arctic Aurora was delivered to Equinor ASA ( “ Equinor " ) to commence its new time charter on September 15 , 2021 immediately upon expiration of the previous charter party with Equinor , resulting in no lapse in time between the previous and the current time charters . 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 August 12 , 2021 to November 11 , 2021 , which was paid on November 12 , 2021 to all preferred Series A unit holders of record as of November 5 , 2021 ; and Declared a quarterly cash distribution of $ 0.546875 on the Series B Preferred Units for the period from August 22 , 2021 to November 21 , 2021 , which is payable on November 22 , 2021 to all preferred Series B unit holders of record as of November 15 , 2021 . ( 1 ) Adjusted EBITDA , Adjusted Net Income , and Adjusted Earnings per common unit are not recognized measures under U.S. GAAP . Please refer to Appendix B of this press release for the definitions and reconciliation of these measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP and other related information . ( 2 ) Please refer to Appendix B. 1