Dynagas LNG Partners LP Reports Results for the Three Months and Year Ended December 31, 2022
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Friday, March 17, 2023
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Three Months Ended December 31, 2022 and 2022 Financial Results
Key Points:
- Three Months Ended December 31, 2022 and 2022 Financial Results
Net Income for the three months ended December 31, 2022 was $11.6 million as compared to a Net Income of $16.9 million for the corresponding period of 2021, which represents a decrease of $5.3 million, or 31.4%. - During both three-month periods ended December 31, 2022 and 2021, the Partnership’s vessels operated at 100% utilization.
- Adjusted EBITDA (a non-GAAP financial measure) for the three months ended December 31, 2022 was $23.6 million, as compared to $24.7 million for the corresponding period of 2021.
- (NYSE: DLNG) is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters.