Dynagas LNG Partners (DLNG) Tops Q1 EPS by 17c

June 17, 2021 4:07 PM EDT
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Price: $3.11 -2.2%

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Dynagas LNG Partners (NYSE: DLNG) reported Q1 EPS of $0.36, $0.17 better than the analyst estimate of $0.19.

  • Adjusted Net Income(1) and Adjusted EBITDA(1) of $10.6 million and $23.9 million, respectively;
  • Declared and paid cash distribution of $0.5625 per unit on its Series A Preferred Units (NYSE: “DLNG PR A”) for the period from November 12, 2020 to February 11, 2021 and $0.546875 per unit on the Series B Preferred Units (NYSE: “DLNG PR B”) for the period from November 22, 2020 to February 21, 2021; and
  • Sold $1.32 million of common units at an average price per unit of $2.9800 pursuant to the Partnership’s Amended & Restated Sales Agreement, which has $28.7 million of remaining availability as of March 31, 2021.

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

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