Dynagas LNG Partners Posts Higher Q2 Profit

(RTTNews) - Dynagas LNG Partners LP (DLNG) reported net income for the second quarter of $14.3 million or $0.40 per unit, compared to $10.2 million or $0.37 per unit for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $14.6 million or $0.41 per share, compared to $11.4 million or $0.42 per share in the prior year quarter.

Voyage revenue for the second quarter rose to $35.55 million from $20.86 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.42 per share on revenue of $35.61 million for the second quarter. Analysts' estimates typically exclude special items.