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.