Dynagas LNG Prioritizes Debt Repayment for Future Growth

Dynagas LNG Partners (DLNG) has released an update.

Dynagas LNG Partners LP, a firm specializing in operating LNG carriers, has been focusing on debt repayment and strengthening its balance sheet to potentially grow in the future, should their cost of capital become favorable. The company, which has been facing challenges in the MLP industry, has its fleet fully employed on multi-year charters with major energy companies, ensuring steady cash flow and high utilization rates. They are considering expanding their core business, including acquisitions and investments related to the energy sector, dependent on their ability to raise new capital under acceptable terms.

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