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Dynagas LNG releases its latest quarterly results

Published by
LNG Industry,


Dynagas LNG Partners LP, owner and operator of LNG carriers, has announced its results for the quarter ended 31 March 2018.

Highlights:

  • Net income of US$4.8 million for the three months ended 31 March 2018.
  • Earnings per common unit of US$0.09 for the three months ended 31 March 2018.
  • Adjusted net income of US$7.2 million for the three months ended 31 March 2018.
  • Adjusted earnings per common unit of US$0.16 for the three months ended 31 March 2018.
  • Distributable cash flow of US$11.3 million during the three months ended 31 March 2018.
  • Adjusted EBITDA of US$26.6 million for the three months ended 31 March 2018.
  • Reported cash of US$61.4 million and available liquidity of US$91.4 million as of 31 March 2018.
  • Quarterly cash distribution of US$0.25 per common unit in respect of Q1 2018 and US$0.5625 per preferred unit in respect of the most recent period.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/17052018/dynagas-lng-releases-its-latest-quarterly-results/

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LNG carrier news