Dynagas Partners earnings sink as interest costs eat into revenue gains

Dynagas LNG Partners saw its quarterly earnings dip below Wall Street expectations as interest costs ate into the bottom line.

The New York-listed LNG carrier owner reported net income of $9.6m during the three-month period, a decline from nearly $23.9m, with financial items driving the slump.

Adjusting profits came in at nearly $6.52m, down from more than $10m in the first quarter of 2022.