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Dynagas Lng Partners Lp
Dynagas LNG Partners LP is a master limited partnership (MLP) that owns and operates liquefied natural gas (LNG) carriers. The company was formed by Dynagas Holding Ltd., a leading owner and operator of LNG carriers, to own and operate modern, high-specification LNG carriers employed on long-term charters with primarily investment grade counterparties.
Dynagas LNG Partners LP's common units are listed on the New York Stock Exchange (NYSE) under the ticker symbol "DLNG." The company's asset portfolio consists of six LNG carriers, all of which are on long-term charters with wholly owned subsidiaries of Gazprom, a leading Russian energy company.
The company's main source of revenue is the fees it receives from these charter arrangements. Its business model is similar to other MLPs in the energy sector, which typically generate stable, fee-based cash flows from long-term contracts with customers.
As a partnership, Dynagas LNG Partners LP is required to distribute a significant portion of its available cash to unit holders in the form of quarterly distributions. The company has a strong distribution history, having consistently increased its annual distribution per unit since its initial public offering in 2014.
It's important to note that investing in MLPs involves certain risks and considerations, such as complex tax implications and potential conflicts of interest between the partnership and its general partner. As with any investment, potential investors should carefully consider these and other factors before investing in Dynagas LNG Partners LP or any other MLP.