Dynagas LNG Partners reported a better-than-expected rise in first quarter earnings as the newest addition to the company's fleet boosted revenue.

The LNG carrier owner, a New York-listed spinoff of Greece's Dynagas, reported $17.1m in quarterly profit, up from $14.9m a year earlier.

With items typically excluded by analysts stripped out, the result amounted to adjusted earnings per share (EPS) of $0.48.