.Dynagas LNG Partners, a liquefied natural gas (LNG) carrier operator, has released its financial results for the three and nine months ended September 30, 2023. Despite challenges, the company reported a net income of $1.4 million for Q3 2023 and $25.4 million for the nine months, with a 99.8% fleet utilization rate. The CEO emphasized the stability of long-term charters and a contract backlog of approximately $1.16 billion, contributing to a positive outlook. The report also touches on the impact of ongoing Russian sanctions, liquidity, and financing details. Dynagas LNG Partners remains focused on reducing debt and creating equity value in the LNG shipping industry.

SOURCE:GOOGLE