Dynagas LNG Partners Reports Strong Q3 Results

Dynagas LNG Partners (DLNG) has released an update.

Dynagas LNG Partners reported a strong financial performance for the third quarter of 2024, with a net income of $15.1 million and an adjusted EBITDA of $28.9 million, backed by 100% fleet utilization and long-term charters. The company announced cash distributions for its preferred and common units, and authorized a $10 million unit repurchase program, reflecting confidence in its financial health and future prospects. With an estimated contract backlog of $1.01 billion, Dynagas is well-positioned for continued stability in the LNG carrier market.

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