Dynagas LNG Partners (DLNG) Tops Q1 EPS by 3c
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Dynagas LNG Partners LP Reports Results for the Three Months Ended March 31, 2020
June 4, 2020 4:05 PM EDTATHENS, Greece, June 04, 2020 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: DLNG) (Dynagas Partners or the Partnership), an owner and operator of liquefied natural gas (LNG) carriers, today announced its results for the three months ended March 31, 2020.
Quarter Highlights:
Net income and earnings per common unit of $7.0 million and $0.11, respectively;Adjusted Net Income(1) and Adjusted EBITDA(1) of $7.1 million and $23.7 million, respectively;99.0% fleet utilization; andCash distribution of $0.5625 per unit on its Series A Preferred Units (NYSE: DLNG PR A) for the period from November 12, 2019 to February 11, 2020 and... More