LNG carrier Dynagas Q3 net income rises on lower costs
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Dynagas LNG's Q3 net income rose 23.8% year-over-year due to lower interest costs and insurance claims. Adjusted net income declined due to lower cash revenues. The company redeemed Series B Preferred Units and repurchased common units. Dynagas LNG anticipates strong LNG transportation demand and is exploring growth in adjacent sectors while monitoring geopolitical impacts. Key financial metrics include $38.89 million in voyage revenues and $18.66 million in net income.
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