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Dynagas LNG Companions (NYSE:DLNG) -5.3% in Tuesday’s buying and selling following Q1 earnings and saying the German authorities has picked up the charters of its three liquefied pure fuel carriers beforehand mounted to Russia’s Gazprom (OTCPK:OGZPY), Splash247.com experiences.
Dynagas (DLNG) mentioned the Ob River, Clear Vitality and Amur River, which have been chartered to a unit of the Russian power agency till 2026 and 2028, are actually successfully beneath the management of the German authorities for an indefinite interval.
The partnership has six LNG carriers in its fleet, all working beneath long-term charters with a mean remaining contract time period of 6.5 years.
Dynagas (DLNG) reported higher than anticipated Q1 adjusted earnings however revenues fell barely to $33.2M from the year-earlier quarter.
Q1 internet earnings jumped to $23.9M from $15.9M a yr in the past, largely attributable to the rise within the acquire on an rate of interest swap transaction; Q1 working earnings fell to $12.5M from $15.7M.
