Dynagas LNG reports Q3 EPS (7c), consensus 3c
Reports Q3 revenue $31.3M, consensus $31.93M. "Based on our contracted revenue backlog estimate, we have a high level of visibility and predictability in our future cash flow generating capacity, given that all of our LNG carriers are employed on long-term contracts with an average contract duration of approximately ten years, with the first potential vessel availability in the year 2021 (with only one vessel) and thereafter in the year 2026. We believe that our best in class contracted revenue backlog estimate of $1.4bn is driven in part by our dominant market share in the ownership and operation of ice class LNG carriers. Going forward we continue to remain focused on the safe and efficient operation of our unique and versatile fleet."We are very pleased that the Yamal LNG project is progressing well. Immediately after the completion of its special survey, the Yenisei River commenced employment under a long-term contract with Yamal LNG on August 14, 2018, which was earlier than originally agreed in the charter contract and as a result the contract was extended by an additional 180 days to an aggregate term of 15 years and 180 days," said company management.