Dynagas LNG profit down

Dynagas LNG Partners, an owner and operator of LNG carriers, said its net income for the three and six months ended June 30 was $10.2 million and $21.2 million, down 11.3% and 6.5% when compared with the same periods a year ago.

Distributable cash flow during the three and six month periods ended June 30 was $12.6 million and $24.9 million, up by 11.8% and 11.9% period over the period.

Adjusted EBITDA for the three and six month periods ended June 30 was $16.7 million and $33.0 million.

The current fleet of Dynagas LNG consists of four LNG carriers, with an aggregate carrying capacity of approximately 604,100 cubic meters.

LNG World News Staff, August 6, 2014; Image: Dynagas LNG