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The limited partnership formed by Greek shipowner Dynagas said in a statement that the program replaces its prior common unit repurchase program, which expired on November 21, 2025.
“Repurchases of common units under the program may be made, from time to time, in privately negotiated transactions, in open market transactions, or by other means, including through trading plans intended to qualify under Rule 10b-18 and/or Rule 10b5-1 of the U.S. Securities Exchange Act of 1934, as amended,” the firm said.
Dynagas LNG noted that the amount and timing of any repurchases made under the program will “be in the sole discretion of the partnership’s management team, and will depend on a variety of factors, including legal requirements, market conditions, other investment opportunities, available liquidity, and the prevailing market price of the common units.”
The LNG shipping firm added that the program does not “obligate the partnership to repurchase any dollar amount or number of common units, and the program may be suspended or discontinued at any time at the partnership’s discretion.”
Dyngas LNG Partners reported a rise in its net income in the third quarter compared to the same period in 2024.
The company’s net income of $18.7 million represents a 23.8 percent increase compared to $15.1 million in the same quarter last year.
Net income also rose compared to $13.7 million in the second quarter of this year.
Moeover, Dynagas LNG Partners reported average daily hire gross of commissions of approximately $69,960 per day per vessel for the three-month period, compared to approximately $72,800 per day per vessel for the corresponding period of 2024.
The company’s vessels operated at 99.1 percent and 100 percent fleet utilization during the three-month periods ended September 30, 2025 and 2024, respectively.
