Dynagas LNG slips on lower Q3 profit

Dynagas LNG Partners LP

12/12/2022 15:46

** Shares of oil and gas transportation firm Dynagas LNG
Partners LP  DLNG.N  down 3.1% at $2.9 
    ** Co's Q3 net income falls to $7.4 mln, or 12 cents/shr,
from $11.3 mln, or 23 cents/shr, a year ago 
    ** DLNG says fall in net income was mainly due to decreased
voyage revenues and increase in dry-docking and special survey
costs for vessels  urn:newsml:reuters.com:*:nGNX4kPrR0
    ** Dry-docking refers to when a vessel is taken into the dry
dock of a shipyard so that underwater area of the hull can be
inspected
    ** Q3 adj EPS of 4 cents per share misses analysts'
expectations of 8 cents per share - Refinitiv data    
    ** So far this year, shares down ~4%
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))