Dynagas LNG Partners LP Reports Results for the Three and Six Months Ended June 30, 2020
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Dynagas LNG Partners (DLNG) Tops Q2 EPS by 5c, Revenues Beat
September 3, 2020 4:24 PM EDTDynagas LNG Partners (NYSE: DLNG) reported Q2 EPS of $0.20, $0.05 better than the analyst estimate of $0.15. Revenue for the quarter came in at $33.91 million versus the consensus estimate of $32.97 million.
Quarter Highlights:
Net income of $6.4 million and earnings per common unit of $0.10, after accounting for $3.4 million of non-cash market to market interest rate swap losses;Adjusted Net Income(1) of $9.9 million and Adjusted Earnings per common unit of $0.20 excluding the non-cash mark to market interest rate swap losses;Adjusted EBITDA(1) of $24.1 million;100% fleet utilization;Declared and... More