Dynagas: 3Q Earnings Snapshot

MONACO (AP) _ Dynagas LNG Partners LP (DLNG) on Thursday reported a third-quarter loss of $654,000, after reporting a profit in the same period a year earlier.

The company said it had a loss of 7 cents per share. Earnings, adjusted for non-recurring costs, were 4 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The gas shipping company posted revenue of $31.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $30.8 million.

Dynagas shares have fallen 29 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.74, a fall of 39 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLNG at https://www.zacks.com/ap/DLNG