Dynagas LNG Partners -11% on distribution cut [Seeking Alpha]
Dynagas LNG Partners LP Common Units (DLNG)
Last dynagas lng partners lp common units earnings: 3/12 04:05 pm
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US:NASDAQ Investor Relations:
dynagaspartners.com
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Source: Seeking Alpha
Dynagas LNG Partners -11% on distribution cutDynagas LNG Partners (DLNG-11.2%) plunges aftercutting its quarterly distribution to $0.25/common unit from $0.4225, or to $1.00/unit from $1.69 on an annualized basis.Despite an increased estimated revenue contract backlog over the last two years, DLNG says it has suffered a decrease in operating cash flow and a weakened distribution coverage ratio following its shift to longer term charters for the employment of its liquefied natural gas carriers, which provide greater cash flow visibility but at lower charter rates."Although our pro-forma 2018 distribution coverage ratio is expected to be below 1x, we believe the new distribution level is viable on an actual cash basis since it reduces the partnership’s current need to utilize existing cash reserves to fund distributions to unitholders," DLNG says.See all stocks on the move »Now read:Dynagas LNG Partners LP 2017 Q4 - Results - Earnings Call Slides »
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DLNG
News
- Dynagas LNG Partners LP (NYSE: DLNG) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Dynagas LNG Partners: The Floating Rate Preferred Shares Currently Yield About 11% [Seeking Alpha]Seeking Alpha
- Dynagas LNG Partners LP (NYSE: DLNG) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Dynagas LNG: Still An Attractive LNG Play With A Considerable Backlog And Strong Balance Sheet [Seeking Alpha]Seeking Alpha
- What Makes Dynagas (DLNG) a New Buy Stock [Yahoo! Finance]Yahoo! Finance
DLNG
Earnings
- 3/28/24 - Miss
DLNG
Sec Filings
- 3/29/24 - Form 6-K
- 2/5/24 - Form SC
- 2/1/24 - Form 6-K
- DLNG's page on the SEC website