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Dynagas: 3Q Earnings Snapshot

November 21, 2019

MONACO (AP) _ Dynagas LNG Partners LP (DLNG) on Thursday reported a third-quarter loss of $4.7 million, after reporting a profit in the same period a year earlier.

The company said it had a loss of 21 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were less than 1 cent on a per-share basis.

The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The gas shipping company posted revenue of $34.4 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $32.9 million.

In the final minutes of trading on Thursday, the company’s shares hit $2.10. A year ago, they were trading at $5.19.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLNG at https://www.zacks.com/ap/DLNG