DLNG: Higher Q2 2026 net income and strong contract coverage offset risks from Russian sanctions

Dynagas LNG Partners LP reported Q2 2026 earnings with revenue of $41.2M, up 6.7% YoY, and net income of $16.0M, up 16.8%. EPS was $0.39, and adjusted EBITDA was $27.6M. The company operates 6 LNG carriers under long-term charters, with 100% coverage for 2026-2027. DLNG closed at $3.86 on September 8, 2026.

Dynagas LNG Partners LP (DLNG) furnished an SEC Form 6-K — earnings release. INFORMATION CONTAINED IN THIS FORM 6-K REPORT Attached as Exhibit 99.1 to this report on Form 6-K (this “Report”) is a copy of the press release of Dynagas LNG Partners LP (the “Partnership”) dated September 8, 2026: DYNAGAS LNG PARTNERS LP REPORTS RESULTS FOR THE THREE AND SIX M

Dynagas LNG Partners LP reported a 16.8% year-over-year increase in net income for Q2 2026, driven by strong fleet utilization and higher voyage revenues. The company has a $0.73 billion contracted revenue backlog and high charter coverage through 2028. Regulatory risks from Russian sanctions remain a concern.

EU countries agreed on a 21st sanctions package against Russia, including a 12-month freeze of the Russian crude oil price cap at $44.10 per barrel. A proposed ban on shipping Russian gas outside the EU was softened via a one-year exemption for Greece. Dynagas will be allowed to ship Russian LNG to non-EU customers under historical-volume limits and no new contracts, according to EU diplomats.

According to the Financial Times, Greece blocked an EU sanctions package targeting Russian LNG imports, including Novatek’s Yamal LNG. The report links the move to Greek shipowners’ exposure, including Dynagas and its publicly listed unit Dynagas Shipping Partners, which said Yamal Arc7 charters were about 35% of 2025 revenue.

The EU’s proposed 21st sanctions package faces resistance from Greece, which reportedly withheld support over restrictions on Russian LNG shipping that could affect Dynagas, controlled by George Prokopiou. The Financial Times said Greece cited Dynagas Arc7 icebreaking vessels. Separately, Reuters reported EU ambassadors failed to agree on unresolved sanctions covering banks, crypto, drones, and oil. Dynagas LNG Partners said two Yamal charters drive 35% of 2025 revenue.