ABUJA: Dynagas LNG Partners LP, an owner and operator of LNG carriers, announced its results (unaudited) for the three and nine months ended September 30, 2015.
Three and Nine Months Ended September 30, 2015 Highlights:Net income for the three and nine months ended September 30, 2015 of $16.0 million and $45.2 million, respectively, an increase of 14.6% and 28.3%, respectively, over the same periods in 2014;
Adjusted Net Income (1) for the three and nine months ended September 30, 2015 of $16.0 million and $45.8 million, respectively, an increase of 11.8% and 24.0%, respectively, over the same periods in 2014;
Distributable Cash Flow (1) during the three and nine months ended September 30, 2015 of $18.9 million and $54.3 million, respectively, an increase of 15.8% and 31.8%, respectively, from the same periods in 2014;
Adjusted EBITDA (1) for the three and nine months ended September 30, 2015 of $29.1 million and $84.7 million, respectively, an increase of 28.7% and 51.1%, respectively, from the same periods in 2014;
Adjusted Earnings per common unit (1) for the three and nine months ended September 30, 2015 of $0.41 and $1.25, respectively.
(1)Adjusted Net Income, Distributable Cash Flow, Adjusted EBITDA, and Adjusted Earnings per common unit are not recognized measures under U.S. GAAP. Please refer to the definitions and reconciliation of these measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP in Appendix B.
