Dynagas LNG Partners (DLNG) Tops Q1 EPS by 3c

Dynagas LNG Partners (NYSE: DLNG) reported Q1 EPS of $0.12, $0.03 better than the analyst estimate of $0.09. Revenue for the quarter came in at $34.47 million versus the consensus estimate of $33.45 million.

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; and
• Cash 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 $0.546875 per unit on the Series B Preferred Units (NYSE: “DLNG PR B”) for the period from November 22, 2019 to February 21, 2020.

For earnings history and earnings-related data on Dynagas LNG Partners (DLNG) click here.

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