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Earnings Call Summary | Dynagas LNG Partners LP(DLNG.US) Q4 2023 Earnings Conference

moomoo AI ·  Mar 28 11:27  · Conference Call

The following is a summary of the Dynagas LNG Partners LP (DLNG) Q4 2023 Earnings Call Transcript:

Financial Performance:

  • Dynagas LNG reported a Q4 net income of $10.5 million.

  • Earnings per common unit were $0.21.

  • Adjusted net income was slightly lower at $10.3 million, resulting in $0.20 per common unit.

  • The company closed out the year with a strong net income of $35.9 million.

  • The net debt to EBITDA ratio improved, standing at 3.7 times, indicating a solid balance sheet.

Business Progress:

  • All of Dynagas LNG's six carriers operate under long-term charters.

  • The company has plans for lease financing of four carriers expected in the next quarter.

  • A backlog valued roughly around $1.11 billion, averaging $185 million per vessel, positions the company well in the sustained LNG market.

  • The company stands to gain from the current favorable emission profile as well as the increasing global electrification demand.

More details: Dynagas LNG Partners LP IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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