The following is a summary of the Dynagas LNG Partners LP (DLNG) Q3 2023 Earnings Call Transcript:
Financial
Q3 net income of $1.4 million; loss per unit: $0.04.
Adjusted net income: $3.1 million; adjusted earnings per unit: $0.01.
Revenue up 23.7% YoY to $37 million.
Decreased net leverage to 4.1 times; increased book equity value by 42%.
Business
Six LNG carriers operating under long-term contracts.
Completed dry-docking for three vessels; plans for fully employed fleet through 2027.
Continuous efforts towards debt reduction.
Ongoing negotiations for credit facility refinancing, completion expected in Q1 2024.
Financial Performance:
Dynagas LNG Partners reported a Q3 net income of $1.4 million with a loss per common unit of $0.04.
The adjusted net income amounted to $3.1 million, corresponding to adjusted earnings per common unit of $0.01.
The revenue increased to $37 million, a significant 23.7% increase compared to Q3 2022.
The company managed to decrease its net leverage to 4.1 times while increasing the book equity value by 42% to $441 million through the repayment of $242 million in debt from December 2019 until September 2023.
Business Progress:
All six LNG carriers in Dynagas' fleet were operating under long-term contracts with international gas companies during the third quarter.
The company successfully completed scheduled dry-docking for three vessels and plans on a fully employed fleet through 2027 to mitigate potential market uncertainties.
Partnership ongoing efforts to reduce debt will also contribute towards raising equity value.
An important future strategic move for the company is its current negotiations for refinancing their credit facility, expected to be completed in Q1 2024.
More detailed: Dynagas LNG Partners LP IR
Tips: This article is generated by AI and the accuracy of the content can not be fully guaranteed. For more and comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
以下是戴纳加斯液化天然气合作伙伴有限责任公司（DLNG）2023年第三季度财报电话会议记录摘要：
金融
第三季度净收入为140万美元；单位亏损：0.04美元。
调整后净收益：310万美元；调整后每单位收益：0.01美元。
收入同比增长23.7％，达到3700万美元。
净杠杆率降至4.1倍；账面资产价值增加42％。
商业
六艘液化天然气运输船根据长期合同运营。
完成了三艘船的干船坞；计划在2027年之前实现船队的全面使用。
继续努力减少债务。
信贷额度再融资谈判仍在进行中，预计将于2024年第一季度完成。
财务业绩：
戴纳加斯液化天然气合作伙伴报告称，第三季度净收入为140万美元，普通单位亏损为0.04美元。
调整后的净收入为310万美元，相当于调整后的每普通单位收益0.01美元。
收入增加到3700万美元，与2022年第三季度相比增长了23.7％。
该公司设法将其净杠杆率降至4.1倍，同时通过偿还2019年12月至2023年9月的2.42亿美元债务，将账面权益价值提高了42％，达到4.41亿美元。
业务进展：
第三季度，Dynagas船队中的所有六艘液化天然气运输船均根据与国际天然气公司的长期合同运营。
该公司成功完成了三艘船的定期干船坞，并计划在2027年之前部署一支全员使用的船队，以缓解潜在的市场不确定性。
伙伴关系为减少债务所做的持续努力也将有助于提高股本价值。
该公司未来的一项重要战略举措是其目前的信贷额度再融资谈判，该谈判预计将于2024年第一季度完成。
更详细： Dynagas 液化天然气合作伙伴 LP IR
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