Dynagas LNG Partners LP (NYSE: DLNG) last trade recorded at $2.13 Yesterday
Since June 30, 2019, the Joint Venture mentioned free cash of $112.9 M and an operating capital surplus of $16.6 M (since December 31, 2018 working capital deficit: $159.8 M).
Adjusted Net Income for the 3 months ended June 30, 2019 was $0.8 M as contrast to Adjusted Net Income of $4.5 M in the corresponding duration of 2018, which represents a decline of $3.7 M, or 82.2%.
Earnings for the 3 months ended June 30, 2019 was $0.9 M as contrast to net income of $0.4 M in the corresponding duration of 2018, which represents a raise of $0.5 M, or 125.0%. In the second quarter of 2019, no dry-dock and special study expenses were incurred whereas in the previous years second quarter, $2.2 M of dry-dock and unique study expenditures were incurred on the Arctic Aurora.
Vessel operating costs were $6.9 M, which corresponds to a daily rate of $12,630 in the three-month period ended June 30, 2019, as contrast to $5.9 M, or an everyday rate of $10,808 in the matching duration of 2018.
Dynagas LNG Partners LP (NYSE: DLNG) recently reported its results for the 3 and six months ended June 30, 2019.
Dynagas LNG Partners LP (DLNG) stocks market capitalization arrived at $111.40 M and overall 52.30 M outstanding shares. The stock has a 52-week greatest price of $4.92 and its 52-week most affordable price was called at $1.15. During last trade, its maximum trading rate was signed up $2.13 and its the minimum trading price was kept in mind $1.97.
Dynagas LNG Partners LP (DLNG) stocks market capitalization reached $111.40 M and total 52.30 M exceptional shares. The stock has a 52-week greatest rate of $4.92 and its 52-week most affordable cost was called at $1.15. Throughout last trade, its maximum trading cost was signed up $2.13 and its the minimum trading price was kept in mind $1.97.
All quantities under the Credit Facility were drawn on September 25, 2019, making use of $470.4 M to repay the Joint Ventures exceptional principal of its Senior Secured Term Loan B. The staying quantities accumulated with money on hand will be made use of to pay back the $250M aggregate principal quantity of its 6.25% senior unsecured notes at their maturity on October 30, 2019.
During the three months ended June 30, 2019, the Joint Venture created net cash from running activities of $7.0 M as contrast to $8.6 M in the matching duration of 2018, which represents a decline of $1.6 M, or 18.6%.
Voyage incomes were $30.8 M for the three-month period ended June 30, 2019 as contrast to $30.9 M for the corresponding period of 2018, which represents a reduction of $0.1 M. Not Including Amortization of reasonable value of bought time charters and Amortization of delayed revenue, voyage revenues quarter on quarter decreased by $2.2 M generally.
Changed EBITDA and Distributable Cash Flow for the 3 months ended June 30, 2019 were $20.9 M and $4.9 M, respectively, as contrast to $24.4 M and $8.7 M, respectively, for the corresponding duration of 2018. This represents a decline of $3.5 M, or 14.3% in the Adjusted EBITDA and a decline of $3.8 M, or 43.7% in the Distributable Cash Flow.
As of June 30, 2019, the Joint Venture had unused schedule of $30.0 M under its interest free $30M revolving credit facility with its Sponsor (the “$30M Revolving Credit Facility”), which was extended on November 14, 2018, and is accessible to the Joint Venture at any time until November 2023. The $30M Revolving Credit Facility stays available in its whole since the date of this release.
Interest and financing costs were $13.1 M in the 2nd quarter of 2019 as contrast to $12.6 M in the 2nd quarter of 2018, which represents a raise of $0.5 M, or 4.0%.
On The Other Day Dynagas LNG Partners LP (NYSE: DLNG) has revealed an upward relocation of 7.58% and traded the current trade at $2.13. The trading volume is tape-recorded to 199.35 K shares as compared to typical traded volume of 143.76 K shares.
Overall insolvency exceptional as of June 30, 2019 was $720.4 M.
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